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Security & FraudUS DOJ Charges 14 With $28M In PPP Fraud
The U.S. Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the Paycheck Protection...
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InternationalTikTok ‘Shocked’ By Trump’s Executive Order
In its first public statements about President Donald Trump’s executive order to ban TikTok, the Chinese company said it is “shocked” the...
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MobileMicrosoft, Facebook Express Frustration With Apple’s Gaming App Policies
Microsoft and Facebook are grumbling publicly about fellow tech giant Apple‘s policies restricting access to coveted slots in its App Store, as...
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EarningsMercari’s Revenues Pop 48 Pct For FY2020, But Losses Also Grow
Mercari, the Japanese shopping platform that allows users to buy and sell almost anything, reported its net sales surged nearly 48 percent...
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Digital PaymentsReserve Bank Of India To Expand Digital Payment Options
India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19, but the nation...
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EconomyDemocrats And Trump Administration Said To Resume Stimulus Talks
Negotiators for the White House and congressional Democrats were expected to resume efforts at 1 p.m. Friday (Aug. 7) to reach a...
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DeliveryUber CEO Sees ‘Huge Market’ In Delivery Of Groceries, Prescriptions And More
Uber and its newly acquired Postmates have found rapid growth in home delivery of groceries — and potential for much more growth...
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Digital PaymentsHuawei Unveils Cloud-based Payments Product
Huawei has entered the cloud-based digital payment space. Citing data from GSMA, an industry group representing mobile operators, Huawei Software Marketing and...
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RetailRetailers Using Chapter 11 To Break Lease Agreements
Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands...
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RetailNRF Lists Hot 100 Retailers
For retailers, it’s better to be hot in 2020 than top. The National Retail Federation (NRF) said on its blog this week...
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RetailUK Consumers Start Slow Return To Stores
The U.K. retail recovery continues, but at a snail’s pace. According to the British Retail Consortium, U.K. foot traffic decreased by 42.1...
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Security & FraudReport: Wirecard Execs May Have Hidden $1B Before Collapse
In anticipation of its collapse in June, Wirecard AG executives may have raided the German payment company and deposited $1 billion in...
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EconomyUS Unemployment Rate Drops To 10.2 Pct
The nation’s economy added 1.8 million jobs in July, slightly better than analysts’ expectations, while the unemployment rate fell to 10.2 percent,...
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InternationalTencent Stock Drops After Trump Bans WeChat
It didn’t take long for China’s market to react to President Donald Trump’s executive order banning WeChat. Shares of Tencent Holdings Ltd.,...
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InternationalTrump Bans ByteDance’s TikTok, Tencent’s WeChat
Citing data security issues, President Donald Trump issued two executive orders Thursday night (Aug. 6) banning TikTok and WeChat from the U.S....
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BitcoinBitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany
German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. BaFin, Germany’s financial regulatory authority, has begun shuttering...
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DebtUS Household Debt Drops For First Time Since 2014
The steep decline in consumer spending resulted in less U.S. household debt for the first time since 2014, the Financial Times (FT)...
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Travel PaymentsRural Properties See Surge In Airbnb Bookings
As U.S. vacationers look to get away for a while, they’re increasingly turning to rural Airbnb listings where they won’t be as...
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IPORocket Cos. Shares Rise 19 Pct On IPO Debut
It appears that billionaire Daniel Gilbert, the 58-year-old founder of Quicken Loans and Rocket Mortgage, made the right call when he trimmed the size...
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VISAReward, Visa Expand Loyalty Partnership In Europe
Reward, the European bank customer engagement firm, is expanding its partnership with Visa to provide loyalty programs across Europe, according to a...
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RetailKroger Introduces Contactless Mobile Pay At QFC Stores
Grocery chain Kroger is rolling out a new contactless pay solution at its Quality Food Centers (QFC) locations, according to a press...
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PersonnelGoldman Sachs Appoints New Global Digital Asset Leader
Goldman Sachs has named Matthew McDermott its new global head of digital assets, in a move signaling the bank’s renewed commitment to...
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EconomyStudy: California Sees More Than Half Of Unemployment Applicants A Second Time
Evidence of the U.S. economic recovery’s unpredictability in the wake of the coronavirus pandemic is on display in California. More than half, or 57...
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ANTITRUSTNY Bill Would Loosen Restrictions On Suing Big Tech
New York State Senate Deputy Leader Michael Gianaris has introduced new legislation to help tamp corporate power and the stifling of competition,...
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Buy Now Pay LaterSezzle Plans End-Of-Year Launch In India
The buy now, pay later (BNPL) firm Sezzle is testing its service in India, with the potential of fully launching by the...
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AcquiringUber To Buy Tech Firm Autocab In UK Expansion Move
Uber has reached an agreement to acquire British tech company Autocab to give Uber riders in the U.K. access to taxi firms...
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Partnerships / AcquisitionsMicrosoft Eyes Deal For All Of TikTok As Pressure Builds
Microsoft’s initial interest in TikTok’s U.S. operations has dramatically expanded, with the software giant now seeking a blockbuster deal to buy the...
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HealthcareHealth Tech Firm Infermedica Nets $10.25M In Funding, Seeks ‘Virtual’ MD
Healthcare company Infermedica has raised $10.25 million in a venture funding round involving two new investors, EBRD and Heal Capital, along with existing investors Karma...
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Payments InnovationFed Says FedNow On Track For 2023-24 Rollout
The Federal Reserve Board on Thursday (Aug. 6) announced details of a 24/7 year-round interbank settlement service to accelerate the time it...
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RidesharingUber For Business, ServiceNow Launch Ride Ordering For Commuters
As companies plan reopening and bringing employees back to the office, one question remains unclear: how will commuting work? Crowded trains and...
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LegalUber, Lyft Face California Lawsuit Alleging ‘Systematic Wage Theft’
Already reeling from the coronavirus, Uber’s and Lyft’s fortunes now face another big hit as California’s top labor official takes the ridesharing...
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InternationalWestern Union Expands Banking Tie-Up In Brazil
Western Union Co., the cross-currency payments and money mover, announced Thursday (Aug. 6) it has expanded services between its business solutions division and Banco Semear, the...
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Security & FraudWirecard Lenders On The Hook For Millions
Wirecard AG’s bankruptcy filing is not just having an impact on the once bright German payments company — its insolvency has left...
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Digital PaymentsGrowing Number Of States Allow SNAP Recipients To Shop Online
Utah has joined a growing number of states that have given the green light to low-income residents to shop for groceries online...
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BankingJapan’s Top Banks Prep Cheaper Money Transfer Network
Japan’s banking industry has been under pressure from the national government to reduce fees for sending money electronically. Now, the country’s biggest...
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CoronavirusLawmakers Plan For New Stimulus Package By Friday
Lawmakers are working to reach a deal on the next stimulus package before Friday (Aug. 7), which could deliver a second round of $1,200 checks as...
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Alternative CreditLightspeed, Stripe To Offer SMB Loans
Lightspeed and Stripe have teamed up to launch Lightspeed Capital, which will, initially offer loans aimed at small and medium-size businesses (SMBs)...
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RetailCanadian Tire Posts Worse-Than-Expected Losses In Q2
As its stores shuttered to prevent the spread of COVID-19 earlier this year, the Canadian Tire Corp. Ltd. posted worse than expected...
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RetailAdidas Posts Losses Of $400M In Q2, But Expects Q3 Rebound
Adidas AG, the global sneaker maker, revealed losses of nearly $400 million in the second quarter (Q2) amid store closures to prevent...
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EconomyUS Jobless Claims Fall To 1.2M In Latest Week, But Top 55M Since Pandemic Began
The number of Americans who filed for unemployment benefits fell last week after two consecutive weeks of increases, the U.S. Department of...
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Digital-First BankingBank Of England Ups Monzo’s Capital Requirements
Monzo Bank Ltd, the London-based online bank, must now have a capital worth of 13.6 percent of its risk-weighted assets to guard...
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EarningsEtsy’s Total Revenue Up 136.7 Pct YoY, Boosted By 11.5 Million New Buyers
Online crafts giant Etsy Inc. reported huge Q2 gains Wednesday (Aug. 5) in its total number of buyers, sellers and gross merchandise...
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PersonnelPayPal Boosts Venture Team With Wells Fargo Exec
Peggy Mangot, who once led the development of the Wells Fargo mobile banking app Greenhouse, has been hired by online payments giant...
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IPOSoftware Co BigCommerce IPO Soars 183 Pct
BigCommerce, which works in software for online business operations, saw its value rise by 292 percent after an initial public offering (IPO)...
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RetailWalmart Parking Lots Become Free Drive-In Movie Theaters
Walmart unveiled the details for its Walmart Drive-in today (Aug. 5), an outdoor movie theater experience that will entertain Walmart customers with...
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EarningsCarvana Posts 13 Pct Hike In Revenue Over 2019
Carvana, which works in the market of selling used cars online, announced its revenue was sitting at $1.12 billion and that it...
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BitcoinBitcoin Daily: Two Charged For Allegedly Selling $270M In Prescription Drugs For Bitcoin
Two Costa Rican residents have been charged with selling opioids illegally on the darknet for what amounted to 23,903 Bitcoin, according to...
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PersonnelStripe Hires AWS Exec For CRO Position
Stripe, the San Francisco-based company which works to build economic online infrastructure, announced in a press release that Mike Clayville, a 36-year...
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LoansHouse Democrats Eye Kodak’s $765M US Loan
The meteoric rise, and then fall, of Eastman Kodak stock — and the recent profits scored by top executives there — is...
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InvestmentsLandlord Services Firm Zibo Nets $10.5M, Launches Banking And Payments Features
Zibo, which works to provide streamlined and accessible financial services for landlords, has raised $10.5 million in a seed round led by...
