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Flagstone Notches £11m In Funding; Hong Kong Awards Virtual Banking Licenses

Flagstone Notches £11m In Funding; Hong Kong Awards Virtual Banking Licenses
Flagstone Notches £11m In Funding; Hong Kong Awards Virtual Banking Licenses
May 09, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the Czech Republic-based Twisto’s €14 million raise. In addition,...

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Hong Kong Issues More Online Banking Licenses
Hong Kong Issues More Online Banking Licenses
May 09, 2019  |  Regulation

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint...

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Facebook Co-Founder Says FTC Should Break It Up
Facebook Co-Founder Says FTC Should Break It Up
May 09, 2019  |  Facebook

Facebook Co-Founder Chris Hughes issued a scathing rebuke of Facebook CEO Mark Zuckerberg, calling on the government to break up the social media giant. Get...

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What Happens to Tipping When Cash Disappears?
What Happens to Tipping When Cash Disappears?
May 09, 2019  |  Digital Payments

A trip to a restroom, even in a restaurant in which customers tend to wear slacks instead of shorts, is a relatively simple and even...

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Privacy Groups Accuse Amazon Of Storing Kids’ Convos
Privacy Groups Accuse Amazon Of Storing Kids’ Convos
May 09, 2019  |  Security & Fraud

A group of privacy and child advocacy groups is filing a complaint with the Federal Trade Commission (FTC) alleging that Amazon’s Echo Dot Kids devices...

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Microsoft Passwordless Biometric Authentication Is Now FIDO2 Certified
Microsoft Passwordless Biometric Authentication Is Now FIDO2 Certified
May 09, 2019  |  Authentication

Microsoft has announced that Windows Hello, its password-free biometric authentication system, has been FIDO2 certified, according to reports. Get the Full Story Complete the form...

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Loomis To Launch Internal Money Laundering Inquiry
Loomis To Launch Internal Money Laundering Inquiry
May 09, 2019  |  Security & Fraud

Loomis, the Swedish cash handling company, said it will launch an internal inquiry into allegations it was involved in a money laundering scandal in Denmark....

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BAMS, First Data JV On The Rocks
BAMS, First Data JV On The Rocks
May 09, 2019  |  Payments As A Service

Bank of America Merchant Services (BAMS) is considering bringing its payment processing completely in-house, potentially scrapping a joint venture with First Data Corp., the payments...

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Square, Postmates Team For Merchant Delivery Option
Square, Postmates Team For Merchant Delivery Option
May 09, 2019  |  Delivery

Square, the digital payments company, has inked a deal with delivery startup Postmates to provide an on-demand delivery for Square small business customers. Get the...

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