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Five at Five: Ride Hailing Service Grab Set For New $1B Investment
Five at Five: Ride Hailing Service Grab Set For New $1B Investment
August 01, 2018  |  News

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Stories include Southeast Asia ride-hailing service Grab...

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Members Of Hacking Group FIN7 Arrested In Europe
Members Of Hacking Group FIN7 Arrested In Europe
August 01, 2018  |  Security & Fraud

Three people associated with the hacking group FIN7 — also known as Carbanak — were arrested in Europe and are facing charges in the United States....

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Bipartisan Policy Center Report Urges Small Business Financial Reforms
Bipartisan Policy Center Report Urges Small Business Financial Reforms
August 01, 2018  |  Regulation

A new report by the Bipartisan Policy Center recommended several reforms that would help the U.S. financial system improve the ability of small businesses (SMBs)...

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Opening Bets: MGM Deals Foreshadow New Gambling Culture
Opening Bets: MGM Deals Foreshadow New Gambling Culture
August 01, 2018  |  Legal

Not quite three months after the U.S. Supreme Court struck down state bans on sports betting, MGM Resorts International has signed deals with the NBA...

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WhatsApp’s Expanding Payments Footprint
WhatsApp’s Expanding Payments Footprint
August 01, 2018  |  Mobile Payments

As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank...

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Why Economists Think Bitcoin May Continue Its Downward Slide
Why Economists Think Bitcoin May Continue Its Downward Slide
August 01, 2018  |  Cryptocurrency

After sliding from nearly $10,000 in May, the price of bitcoin seemed to turn a corner at the end of July: the popular cryptocurrency broke...

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Ripple Teams With Madonna To Help Malawi Orphans
Ripple Teams With Madonna To Help Malawi Orphans
August 01, 2018  |  Cryptocurrency

Ripple, the blockchain technology company that makes XRP cryptocurrency, announced on Wednesday (Aug. 1) that it launched a month-long campaign in partnership with Raising Malawi, the...

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China Launches Inquiry Into Fake Goods On Pinduoduo
China Launches Inquiry Into Fake Goods On Pinduoduo
August 01, 2018  |  eCommerce

Regulators in China have reportedly launched an investigation into Pinduoduo following on the heels of media reports that third-party vendors are selling fake goods on...

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Huawei Knocks Apple Out Of The 2nd Place Position In Smartphone Sales
Huawei Knocks Apple Out Of The 2nd Place Position In Smartphone Sales
August 01, 2018  |  Mobile

Apple got pushed out of the number two spot in terms of smartphone shipments for the second quarter of 2018, according to market research firm...

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