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Germany to Deliver Benefits Via Payment Cards Rather Than Cash
Germany to Deliver Benefits Via Payment Cards Rather Than Cash
April 12, 2024  |  Disbursements

The German parliament approved legislation Friday (April 12) that calls for benefits to be delivered to asylum seekers on payment cards rather than cash.  This...

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Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
April 12, 2024  |  Economy

The wealth effect giveth, and it taketh away. This week’s stock market volatility, and especially Friday (April 12)’s plummet in the wake of big bank...

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Tencent Simplifies Process of Linking International Cards With Weixin Pay
Tencent Simplifies Process of Linking International Cards With Weixin Pay
April 12, 2024  |  Cross-border Payments

Tencent has made it easier for visitors to mainland China to register for a WeChat account and to link international cards to Weixin Pay.  In addition, Weixin...

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Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks
Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks
April 12, 2024  |  Security & Fraud

Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. In less than 400 of these cases, hackers logged...

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Personalized Emails Are Key to Winning Persuadable Shoppers’ Loyalty
Personalized Emails Are Key to Winning Persuadable Shoppers’ Loyalty
April 12, 2024  |  Retail

When it comes to winning the loyalty of shoppers who can be persuaded by personalized offers, PYMNTS Intelligence research reveals, email proves to be a...

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Bunq Raises $31 Million After Quadrupling User Deposits in 2023
Bunq Raises $31 Million After Quadrupling User Deposits in 2023
April 12, 2024  |  Fintech Investments

European neobank Bunq’s shareholders signed a commitment letter in March to provide 29 million euros (about $31 million) of capital to finance the company’s growth. The...

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Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed...

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LinkedIn Adds Independent Creators’ Content to Its Advertising Options
LinkedIn Adds Independent Creators’ Content to Its Advertising Options
April 12, 2024  |  Social Commerce

LinkedIn reportedly entered the influencer marketing business with last week’s launch of an offering that lets advertisers pay to amplify posts from independent creators. These...

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Credit Unions Want Gen Z’s Deposits and Loyalty
Credit Unions Want Gen Z’s Deposits and Loyalty
April 12, 2024  |  Credit Unions

For traditional financial services providers — chiefly credit unions — the future belongs to youth. For FinTechs, in looking at Gen Z consumers, well, things...

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