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Uncategorized

Visa, Mastercard Draw FTC Inquiry Over Debit Card Transactions

November 14 2019

“Visa Inc. and Mastercard Inc. are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks. The Federal Trade Commission has been reaching out to large merchants and their trade groups over the issue as part of a preliminary inquiry, according to people […]

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Uncategorized

Ripple Raises $200 Million to Push Adoption of XRP Cryptocurrency

December 20 2019

“Ripple, a San Francisco-based company that uses cryptocurrency to move money across borders, announced a massive funding round on Thursday that values the company at $10 billion. The $200 million Series C funding round, which was led by global investment firm Tetragon , could help validate Ripple’s claim that more banks and money transmitters will […]

On The Web

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Uncategorized

US mobile app subscription revenue jumped 21% in 2019 to $4.6B across the top 100 apps

January 27 2020

“Outside of in-app purchases in mobile games, subscription revenue from non-game apps helped to boost 2019’s mobile consumer spend — a figure that reached $120 billion globally last year, according to a recent report by App Annie. Now, new data from app intelligence firm Sensor Tower indicates U.S. subscription app revenue grew by 21% last […]

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Uncategorized

Mastercard Partners With WHSmith, Funky Pigeon for ‘Pay by Bank App’

October 21 2019

“Mastercard has entered into an agreement with global retailer WHSmith and its brands Funky Pigeon, Cult Pens and The Card Gallery in a move to launch online payments via a Pay by Bank app (PbBa) offering. PbBa was created by Vocalink, a Mastercard company, and will offer online shoppers a solution which meets PSD2 standards […]

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Systems

Central Bank Digital Currency Policy-Maker Toolkit

January 27 2020

• in
• Central bank digital currencies (CBDC)

“The World Economic Forum’s Central Bank Digital Currency (CBDC) Policy‑Maker Toolkit seeks to address the need for a concise CBDC decision guide that provides comprehensive and risk‑aware information to policy‑makers. This document serves as a possible framework to ensure that any CBDC deployment fully considers the costs as well as the potential benefits, appraising a […]

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Uncategorized

Revolut uses ‘open banking’ to let you aggregate other bank account data within its app

February 11 2020

“Revolut , the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app. The new functionality means that Revolut’s U.K. customers — both consumer and business — can now connect their external U.K. bank accounts […]

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Uncategorized

Burger King Venezuela Set to Accept Bitcoin Payments in 40 Restaurant Locations

January 6 2020

“Burger King in Venezuela will soon be allowing Bitcoin as a form of payment. According to Cointelegraph , a single Burger King branch, which is located in the Sambil area of Caracas, now accepts Bitcoin as well as altcoins Ether (ETH), Litecoin (LTC), Binance Coin (BNB), and Dash. The restaurant also accepts stablcoin Tether (USDT).”

On The Wires

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Uncategorized

The Financial Data Exchange Reports Strong First-Year Growth

November 6 2019

“The Financial Data Exchange was launched in October 2018 to unite the financial industry around a single, interoperable and royalty-free standard for consumer and business access to their financial data, addressing common challenges around the way the industry shares account information and enhancing security, innovation and consumer control.”

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Providers

VoPay Partners With Hydrogen to Offer Fintech Clients Seamless Access to Open Banking Payments

December 12 2019

• in
• Fintech

“VoPay, a leader in payment technology innovation, is pleased to announce that it has partnered with New York based Hydrogen, a global fintech acceleration platform, to offer their clients powerful end-to-end payment processing solutions, including open banking payments .”

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Uncategorized

Adyen Launches Card Issuing Offering

November 13 2019

“Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today announced the addition of card issuing to its offering. Adyen Issuing will enable clients to provide virtual and/or physical cards to their customers. Cards issued by Adyen can be used online, in-app, in-store, and can be integrated into […]