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Visa Appoints European Executive Michiel Wielhouwer to Head Visa Canada
Visa Appoints European Executive Michiel Wielhouwer to Head Visa Canada
March 05, 2024  |  VISA

Visa appointed Michiel Wielhouwer as its president and country manager for Visa Canada, saying he will move to that role from his previous one as executive director...

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Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
March 05, 2024  |  Earnings

Digital banking/finance platform Dave says its customers are seeking extra cash. More accurately, they’re seeking ExtraCash, the company’s cash advance program, which saw disbursements jump by double...

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Visa and Western Union Expand Cross-Border Payment Agreement
Visa and Western Union Expand Cross-Border Payment Agreement
March 05, 2024  |  VISA

Visa and Western Union have formed a new agreement centered on cross-border payments. The expanded partnership, announced Tuesday (March 5), lets Western Union customers send money to loved ones, Visa...

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UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
UK’s FCA to Investigate Demands for Personal Guarantees on Business Loans
March 05, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority will investigate the use of personal guarantees by lenders for small business loans. The investigation was sparked by a “super complaint”...

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Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
Report: Hackers Claim UnitedHealth Group Paid $22 Million in Ransomware Attack
March 05, 2024  |  Security & Fraud

A post on an online forum popular with cybercriminals reportedly claimed that UnitedHealth Group paid $22 million to the Blackcat ransomware group to recover compromised data and...

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Monzo Valued at $5 Billion as Neobank Plans Expansion
Monzo Valued at $5 Billion as Neobank Plans Expansion
March 05, 2024  |  Digital-First Banking

UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...

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Uber and Mastercard Launch Pro Card for Canadian Gig Workers
Uber and Mastercard Launch Pro Card for Canadian Gig Workers
March 05, 2024  |  Gig Economy

Uber is now offering its Pro Card to its Canadian drivers and delivery workers. The card, developed in collaboration with Mastercard and gig worker-centric FinTech Payfare, gives workers free...

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Spreedly Appoints Lightspeed Commerce Veteran Peter Dougherty as President
Spreedly Appoints Lightspeed Commerce Veteran Peter Dougherty as President
March 05, 2024  |  Personnel

Payments orchestration platform provider Spreedly has appointed Lightspeed Commerce veteran Peter Dougherty as president. In his new role, Dougherty will oversee marketing, sales, partnerships, customer success and support, and other go-to-market...

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J.P. Morgan to Support Cartes Bancaires CB Payments for Merchant Clients
J.P. Morgan to Support Cartes Bancaires CB Payments for Merchant Clients
March 04, 2024  |  Payment Methods

J.P. Morgan has become a principal member of the French payments network Cartes Bancaires CB, becoming the first U.S. bank to do so. Having been granted this...

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