PYMNTS

OCTOBER 12, 2020

Singapore businesses are struggling to get paid following the shutdown of German payment processing firm Wirecard, according to a Monday (Oct. Since the shutdown, Singapore businesses have pushed to process payments for such things as telephone bills and restaurant meals. . 12) report in the Financial Times.

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PYMNTS

AUGUST 17, 2020

A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country.

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Basis Theory

MARCH 7, 2024

Payment processing in higher risk industries often comes with the fear that the processor could halt payouts at any point - potentially without warning. For two higher-risk merchants, this came true.

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Payments Source

JUNE 16, 2020

Even though a portion of retailers could rely on e-commerce to keep active during coronavirus shutdowns, reopening brick-and-mortar shops may be even harder amid new safety concerns.

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PYMNTS

AUGUST 20, 2020

Unless an appeals court intervenes at the last minute, Uber Technologies Inc. and Lyft Inc. are ready to suspend their ride-hailing services in California on Thursday (Aug. In a blog post , Lyft said its rideshare operations in California would be suspended at 11:59 a.m. on Thursday.

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Payments Source

JANUARY 4, 2021

The planned shutdown of Haven at the end of next month marks the close of an ambitious effort that brought together titans of technology and finance but struggled to demonstrate meaningful results.

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Finextra

SEPTEMBER 12, 2024

Six cybersecurity tactics for financial services to prevent disaster Anyone who has seen the apoca.

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Payments Source

MARCH 23, 2020

The coronavirus has forced shutdowns and closures of over 90% of U.S. casino properties halting annualized payments of $74 billion in wages and $41 billion in tax revenues.

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Payments Dive

OCTOBER 29, 2024

The money transfer company named the new CEO just weeks after a cyberattack led to a systemwide shutdown of its services for several days.

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PYMNTS

AUGUST 31, 2020

Robinhood , a FinTech focused on online stock brokerage for those not expertly versed in that subject, has attracted much praise and activity — but with that, a regulatory probe from the U.S. Securities and Exchange Commission (SEC) into alleged poor management of the app, Bloomberg reported.

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Payments Source

MAY 11, 2020

Historical data doesn’t paint a sufficient picture in a business climate characterized by rapid, unexpected change and lingering uncertainty, says MSTS' Brandon Spear.

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Payments Source

JANUARY 30, 2019

Visa CEO Alfred Kelly said the company's earnings, though solid, could suffer if if politicians in Washington and London don’t resolve their biggest issues.

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PYMNTS

NOVEMBER 30, 2020

Census Bureau data indicating a seasonally adjusted decline in restaurant sales in October — the first slippage since the industry began to claw its way back from the damage inflicted by the first wave of shutdowns. are too commonly labeled as 'super-spreaders,' and have become a convenient scapegoat for reflexive shutdowns.".

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TechCrunch Fintech

APRIL 28, 2024

Welcome to TechCrunch Fintech! This week, we’re looking at Stripe’s big product announcements, a bump in valuation for a Brazilian fintech startup and much more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.

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Payments Source

APRIL 28, 2020

While the entire economy will slow due to stay-in-place orders and temporary economic shutdowns, payments fintech is expected to fare much better than other investment sectors due to these trends.

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VISTA InfoSec

MAY 23, 2024

Also, it makes sense to target specific resources for removal to avoid a temporary shutdown of operations and the need to redo all configurations from the start. It would be overkill and highly inefficient to perform a nuclear destroy command for all resources if it can be ascertained that only specific resources have been compromised.

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Payments Source

JULY 15, 2019

Today: Australian banks suffer payment shutdown; U.K. The information you need to start your day, from PaymentsSource and around the Web. banks pool resources to combat money laundering; European regulators slow to licnese crypto firms; Mark Cuban takes a swipe at Libra.

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PYMNTS

NOVEMBER 8, 2020

Since Wirecard's shutdown earlier this year, Singapore-based businesses have found it difficult to get paid on common things like phone or restaurant bills. That came from the shutdown ordered by the Monetary Authority of Singapore (MAS) after Wirecard declared insolvency.

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Fintech News

APRIL 22, 2024

The B2B firm, which specialised in providing robo-advisory products to financial institutions, was unable to achieve profitability within the set timeframe, leading to its shutdown.

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PYMNTS

JANUARY 21, 2019

It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most recognizable crowdfunding companies is stepping in to help. I hope the shutdown ends soon. The main goal is to help with food, counseling and housing. “I This is not about politics.

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PYMNTS

SEPTEMBER 21, 2020

And nearly a quarter of SMBs (24 percent) report their financial situation has improved since COVID-19’s dark early days when widespread shutdowns were taking effect. economy hit another round of shutdowns as summer gives way to fall and colder temperatures sweep the country. But the good news comes with a few caveats.

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Payments Source

JANUARY 14, 2019

Today: German court rules against Amazon Dash; Georgetown professor says shutdown's hurting fintech; Sandbox advances in Wyoming; Yapstone hires former Amazon Pay executive. The information you need to start your day, from PaymentsSource and around the Web.

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PYMNTS

DECEMBER 21, 2020

Many people began to think long and hard about using credit when they were unsure if they'd have financial stability with the mass layoffs and virus shutdowns. The pandemic almost instantly forced everyone to stay home, creating seismic shifts in how consumers spent money and what they bought, PYMNTS reported.

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Payments Source

APRIL 23, 2020

Crew, abandoned its full-year revenue and earnings forecasts as a nationwide shutdown cuts consumer spending. Alliance Data Systems Corp., which provides credit cards for Victoria’s Secret and J.

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Payments Source

MAY 13, 2020

retail sales dropped in April by the most in at least a quarter of a century, according to industry figures that outline the impact of the shutdown on stores.

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Segpay

DECEMBER 9, 2024

Without the right protections, these attacks can lead to expensive authorization fees and even the shutdown of your merchant account. These tools can identify and block attacks before they result in fees or account shutdowns. Their goal? To uncover sensitive information or exploit payment systems.

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PYMNTS

NOVEMBER 1, 2020

Amazon is suspending advertising related to pre-Black Friday campaigns in France after coming under fire from at least one government official who said it was unfair for the online giant to flex its digital retail muscle just as a new pandemic shutdown forces small shops and restaurants to close, Reuters reported.

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PYMNTS

DECEMBER 11, 2020

The research company’s annual sales satisfaction index showed that decreased showroom traffic caused by COVID-19 shutdowns fast-tracked dealer adoption of digital selling tools. The digital-first economy was huge factor in automotive sales this year, as evidenced by a new report from JD Power.

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PYMNTS

JULY 1, 2020

In terms of percentage losses, Jamaica is expected to take the biggest hit, with an 11 percent decline in gross domestic product (GDP) from the shutdown of the international tourism trade, followed by Thailand with a 9 percent decline in GDP, Croatia at an 8 percent decline and Portugal, expected to take a 6 percent hit. billion), Spain ($44.1

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PYMNTS

NOVEMBER 13, 2020

But Target recently discontinued the service, with a brief Q&A page notifying customers that they will receive items purchased before the November shutdown. Through the service, Target customers were able to automatically reorder items in bulk while earning a 5 percent discount, with the items shipped their homes.

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PYMNTS

SEPTEMBER 27, 2020

Hotels have been especially hard hit as travel has diminished amid COVID-19 shutdowns, with many operators reporting single-digit occupancy rates. Typically, new appraisals are ordered when a commercial property owner falls behind in mortgage payments. It’s a big number,” Lea Overby , an analyst at Wells Fargo, told FT. This is material.”.

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PYMNTS

AUGUST 4, 2020

What Visa witnessed worldwide within the pandemic’s first 60 days of shutdown was SMBs embracing new channels during “that really critical time,” he said. But Phalen said that what is surprising is how good SMB owners worldwide are feeling as they come out of mandated shutdowns and more or less get back to business.

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PYMNTS

OCTOBER 13, 2020

The government blamed the shutdown measures it had to implement to stave off the virus. India's economy has taken the most drastic fall of any of the world's largest economies during the pandemic, with a gross domestic product (GDP) fall of 24 percent in the second quarter.

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Payments Source

APRIL 21, 2020

Penney and other retailers took a large provision for loan losses and abandoned full-year earnings guidance as the nationwide shutdowns tied to the coronavirus pandemic have led to a sharp decline in spending on its cards. The lender behind the credit cards for Gap, J.C.

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Payments Source

DECEMBER 4, 2019

A 15-hour shutdown of online banking, mobile banking, ATMs and wire transfers was caused by a single data storage unit. BB&T's lawsuit blames the vendor, but the bank may have left itself too exposed to equipment failure.

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PYMNTS

JUNE 7, 2020

As the coronavirus pandemic unfolds across America, with the country moving toward reopening after months of shutdowns that roiled the economy, many Chuck E. Lenders and bond-holders have been working on a deal to help the company stay out of bankruptcy. Cheese locations haven’t yet reopened.

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PYMNTS

APRIL 12, 2020

Schulman said he recognized how hard SMBs have been hit by the pandemic, and he said there is an urgent need for whatever help they could get to keep the lights on and pay employees during the shutdown.

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