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SEC Flags Benchmark That Obscured WeWork’s Bottom Line

SEC Flags Benchmark That Obscured WeWork’s Bottom Line
SEC Flags Benchmark That Obscured WeWork’s Bottom Line
December 03, 2019  |  B2B Payments

The We Company, the parent of WeWork, uses a cash-flow metric called the “contribution margin,” which showed that its core services were profitable, Bloomberg Tax...

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Walmart No. 1 Downloaded US Shopping App On Black Friday
Walmart No. 1 Downloaded US Shopping App On Black Friday
December 03, 2019  |  Mobile Applications

Despite Amazon’s claims that this year’s Cyber Monday was the biggest shopping day in its history, Walmart had the No. 1 shopping app in the...

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New Regulations Prompt Airbnb To Yank Boston Listings
New Regulations Prompt Airbnb To Yank Boston Listings
December 03, 2019  |  Regulation

Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. Get...

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CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
CFPB Proposal On Remittances Offers Exemptions For Banks, CUs
December 03, 2019  |  CFPB

In the years ahead, might there be a greater number of smaller financial institutions (FIs) offering remittance services? Get the Full Story Complete the form...

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Uber Partners With Amex To Offer Rewards For Corporate Riders
Uber Partners With Amex To Offer Rewards For Corporate Riders
December 03, 2019  |  B2B Payments

Uber and American Express have partnered to offer businesses rewards whenever they pay for rides using a corporate American Express Card, The Points Guy reported...

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Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs
Top News In Payments: Wells Fargo Appoints COO; Visa Names New Partners To Help FinTechs
December 03, 2019  |  News

In today’s top payments news, Wells Fargo has selected former Santander head executive Scott Powell to be its new chief operating officer. Also, Visa is working with four global...

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Xiaomi Offers Digital Lending Marketplace For Young Indian Consumers
Xiaomi Offers Digital Lending Marketplace For Young Indian Consumers
December 03, 2019  |  Loans

The largest smartphone company in India, Xiaomi, has started a credit platform designed to attract young professionals and millennials in the country, according to a...

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Bolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
Bolt CEO: Ride-Hailing Firm Nearing Profitability In Most Markets
December 03, 2019  |  Ridesharing

The CEO of Bolt, an Estonian-based ride-hailing company, said his company is beginning to see profitability in most of the markets in which it operates,...

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Trump Administration Mulled Excluding Huawei From US FIs
Trump Administration Mulled Excluding Huawei From US FIs
December 03, 2019  |  Regulation

The Trump administration thought about removing China’s Huawei from the U.S. financial network earlier this year, Reuters exclusively reported on Tuesday (Dec. 3), citing three...

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