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210Payment MethodsLINE Pay Taiwan Forms Alliance For Cross-Border Payments
LINE Pay Taiwan and iPASS Corporation have formed a collaboration with four major international payment brands to facilitate cross-border payments, the companies...
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267Security & FraudSamsung Execs Jailed In South Korea For Evidence Tampering
A South Korean court slapped three Samsung Electronics executives with jail sentences Monday (Dec. 9) for evidence tampering during an accounting fraud...
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351Digital BankingTrulioo Global ID Service Now Available In Nigeria, Ghana
Global ID verification provider Trulioo has announced it will now be able to verify customers in Nigeria and Ghana, according to a...
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332Partnerships / AcquisitionsProsus Boosts Just Eat Bid To $6.5B
Naspers-owned Prosus upped its bid to $6.5 billion on Monday (Dec. 9) to acquire London’s food delivery service Just Eat, putting pressure...
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544RetailWalmart’s Santa Sweater Scandal (And The Challenges Of Marketplace Operation)
Generally speaking, if a retailer is issuing an apology during the holiday season that features the words “Santa Claus,” “cocaine” and “pants-free”...
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478RetailMacy’s Spotlights Women-Owned Businesses With SoGifted
Macy’s is partnering with the female-led millennial venture capital fund SoGal Ventures to launch an in-store initiative focused on women-owned businesses, Macy’s...
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616Loyalty & RewardsJimmy John’s Launches Loyalty Program
Sandwich chain Jimmy John’s announced Monday (Dec. 9) the launch of its first customer-loyalty program. Freaky Fast Reward, now available nationwide, was...
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754Partnerships / AcquisitionsGM Enters $2.3B JV To Further Production Of Electric Vehicles
General Motors announced that it is partnering with Korea’s LG Chem to mass-produce battery cells for future battery-electric vehicles. The companies will...
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798Amazon AcquisitionsUK CMA Decision Looms Over Amazon’s Quest For Deliveroo Stake
The Competition and Markets Authority (CMA) will decide on Wednesday (Dec. 10) if Amazon’s quest to acquire a stake in Deliveroo —...
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880B2B PaymentsAccuity To Power GoCardless’ Recurring Payments Expansion Into US
Global FinTech GoCardless entered into a collaboration with payments firm Accuity to launch a seamless way for businesses to collect payments in...
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1.1KBankingGoldman Plans To Launch Robo Adviser Next Year
Goldman Sachs is planning to launch digital wealth management services to customers with as little as $5,000 in 2020. The company is...
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1.2KANTITRUSTState AGs To Fight T-Mobile-Sprint Merger In Federal Trial
A group of state attorneys general are getting set to fight against the T-Mobile and Sprint merger in an unprecedented federal trial....
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2.1KRegulationRegulators Call For ‘Vigilant Monitoring’ Of Big Tech’s Financial Data Use
As a way to prevent unfair competition, the Financial Stability Board (FSB) said in a report on Sunday (Dec. 8) that there...
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1.9KBitcoinBitcoin Daily: Bank of China Issues $2.8B Via Blockchain; Brazil Fines Failure To Declare Crypto
Bank of China announced that it has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small- and micro-sized businesses using...
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1.4KInvestmentsSoftBank Founder Plans To Invest ‘More And More’ Despite WeWork Loss
Alibaba’s Jack Ma warned SoftBank’s Masayoshi Son that having too much money can lead to a “lot of mistakes.” “You don’t make...
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1.3KInternationalEuropean Lenders Announce 60K Job Cuts
European banks have been forced to slash more than 60,000 jobs as they face falling profitability, The Financial Times reported on Saturday...
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1.7KAppleApple Updates Wallet App To Reflect iPhone Financing For Apple Card Users
The Apple Card is planning to offer 0 percent installment financing on iPhones by the end of 2019, 9to5Mac reported on Saturday...
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2.1KAmazonAmazon To Open Manhattan Office In 2021
Amazon has inked a deal to open its next headquarters in midtown Manhattan at Hudson Yards less than a year after withdrawing...
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2.4KPartnerships / AcquisitionsAdobe Acquires Facebook’s Oculus Medium VR Tool
Social media giant Facebook is selling Oculus Medium, its virtual reality sculpting tool, to Adobe, reports revealed on Saturday (Dec. 7). Oculus...
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1.8KSecurity & FraudHow To Fight Fraud Without Cheapening Consumer Experiences
Everything has a price. And the price for a richer consumer experience online and via mobile — one of the defining trends...
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3.2KAmazonRBC Says Amazon’s B2B Unit Will Be Worth $31B By 2023
Royal Bank of Canada (RBC) Capital said there’s an overlooked part of Amazon’s ecosphere of services that’s being casually overlooked but will...
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3.1KPayment MethodsFed Study: US Consumers Make Average Monthly Payments Of $3,999
In the fifth official study conducted by the Federal Reserve Banks of Atlanta, Boston, Richmond and San Francisco, the 2018 Diary of...
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2.2KSecurity & FraudFTC Issues Opinion On Cambridge Analytica Scandal
The Federal Trade Commission (FTC) found on Friday (Dec. 6) that British political consulting firm Cambridge Analytica lied to people about the...
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1.8KSocial CommerceReport Shows Businesses Can Easily Pay To Manipulate Social Media
A new report by researchers from the NATO Strategic Communications Center of Excellence showed it is fairly easy to purchase likes and...
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1.5KBank RegulationDeutsche Bank Settles AML Scandal For $16M
Deutsche Bank has settled a case with Frankfurt prosecutors that involved a raid on its offices and resulted in a huge hit...
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2.0KInvestmentsVroom eCommerce Sales Platform Raises $254M
Vroom, an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a...
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1.4KSafety and SecurityTikTok CEO Headed To Washington To Discuss App Security Concerns
As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C....
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1.7KRetailRetail Holiday Hiring Reflects Focus On eCommerce, Speed
With a greater emphasis on speed and online shopping, holiday hiring needs have changed amid shifting consumer preferences. Large retailers are set...
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1.2KRetailH&M’s COS Brand Works With YCloset To Pilot Clothing Rentals
To test out renting attire as eco-conscious shoppers rein in their purchases, H&M said its COS brand has collaborated with the Chinese...
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3.4KBitcoinBitcoin Daily: South China Province Aims To Accelerate Blockchain Industry; Microsoft Works On Incentive Program With Enjin
The Hainan Province in South China rolled out a series of measures to accelerate the blockchain space’s development, Xinhua reported. The measures will...
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3.2KDigital BankingChime Raises $500M On $5.8B Valuation
Silicon Valley-based Chime has raised $500 million in a Series E funding round that sent its valuation soaring to $5.8 billion, CNBC...
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4.6KDeliveryUber Eats Introduces Group Ordering
Uber has introduced a group ordering option, the company said in a blog post. “Whether you’re at the office, going to a...
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3.3KCryptocurrencyBIS Says Traditional FIs Must Embrace Digitization
To make sure that they stay at the center of the global payment system, the head of the Bank of International Settlements...
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2.4KPersonnelCo-Founder Of Circle To Leave Co-CEO Role
The co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of December. Sean Neville reportedly...
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1.7KInnovationWaymo Robotaxis Have Completed More Than 100K Trips
Alphabet’s Waymo, the self-driving car company, recently completed its 100,000th trip with driverless and autonomous cars, according to a report by Bloomberg. ...
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1.6KEconomyReport: Early Holiday Sales Up 2.2 Pct. YOY
A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013,...
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1.9KInvestmentsShipium Lands $2M; Aims To Offer Universal Two-Day Shipping
Shipium, a logistics startup founded by former Amazon and Zulily employees Jason Murray and Mac Brown, has raised $2 million in seed funding in...
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1.6KBiometricsHomeland Security Reverses Decision To Use Facial Scans For US Travelers
The Department of Homeland Security (DHS) has reversed its plans for mandatory facial recognition scans of Americans arriving and departing the country,...
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1.8KGoogleGoogle Search Integrates Online Package Tracking
Google is going to add package tracking to its search bar, according to a report by VentureBeat. The function won’t be limited...
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1.9KFaster PaymentsFed Becomes Founding Sponsor Of Faster Payments Council
The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) as a founding sponsor, the Fed announced in a press...
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1.6KRetailTarget To Open Small-Format Store In Times Square
Target has announced that it is going to open a new location in Times Square in New York City by 2022, according...
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1.7KInternationalMoneyGram Extends Visa Direct Service To Spain, Philippines
MoneyGram, in partnership with Visa, has expanded its debit card deposit service, which was launched in collaboration with Visa Direct, Visa’s real-time...
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1.5KAMLEU Calls For Anti-Money Laundering Reforms
European Union finance ministers on Thursday (Dec. 5) agreed on strategy for anti-money laundering (AML) reforms and countering the financing of terrorism,...
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1.3KBank RegulationUK Regulators Call For Backup Plans Following Bank IT Glitches
U.K. regulators on Thursday (Dec. 5) called on banks and payment firms to set “impact tolerances” for important services after numerous IT...
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1.9KVISAVisa Offers Scholarships To Train Workers In Dispute Resolution
Visa has announced it’s going to start a new certification program in dispute resolution, as well as fund up to 500 scholarships...
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2.0KCryptocurrencyEU Finance Ministers Say Libra, Other Stablecoins Are Too Risky
EU finance ministers came to an agreement on Thursday (Dec. 5) that digital currencies like Facebook’s Libra have no place in the...
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1.0KRetailOct. Retail Sales Drop 0.6 Pct. In Euro Zone
With the negative impact from trade, the economy of the eurozone expanded at a modest rate in Q3, as retail sales dropped...
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1.3KRetailRent The Runway Brings Rentals To W Hotels
To offer its clothing rental service to travelers, Rent the Runway is collaborating with Marriott’s W Hotels brand to roll out a...
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1.4KInvestmentsFigure Technologies Raises $103M To Continue Blockchain-Based Lending
Blockchain lending firm Figure Technologies announced that it has closed a $103 million series C funding round led by Morgan Creek Digital....
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1.7KFraud PreventionInstart Releases Anti-eSkimming Product ‘Privacy Alert’
Computing and security company Instart has released a new product meant to fight against the practice of eSkimming, which is when criminals...
