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Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
August 12, 2020  |  Economy

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. Instead, U.S. citizens will...

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Palette Unveils AP Automation Software For Construction Firms
Palette Unveils AP Automation Software For Construction Firms
August 12, 2020  |  B2B Payments

Palette Software unveiled accounts payable (AP) automation technology that is designed for firms in the construction and engineering industries and run on the cloud, according...

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DOJ Works To Shut Down Over 300 Fraudulent Websites Exploiting Pandemic
DOJ Works To Shut Down Over 300 Fraudulent Websites Exploiting Pandemic
August 12, 2020  |  Security & Fraud

As part of its ongoing efforts to stop coronavirus-related fraud, the U.S. Department of Justice (DOJ) obtained a temporary restraining order to close hundreds of...

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Lufax Is Latest Chinese Firm To File For US IPO As Crackdown Looms
Lufax Is Latest Chinese Firm To File For US IPO As Crackdown Looms
August 12, 2020  |  IPO

Online wealth management platform Lufax is the latest to file plans for an IPO in the United States as Chinese firms rush to go public...

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Visa Joins Phixius Pilot For B2B Payment Data Exchange
Visa Joins Phixius Pilot For B2B Payment Data Exchange
August 12, 2020  |  B2B Payments

Visa has become a part of the ranks of companies experimenting with Phixius, a technology that assists credentialed service providers in exchanging and supervising digital...

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Today In Payments: COVID Hit UK Hard; Amex Negotiating To Buy SMB Lender Kabbage
Today In Payments: COVID Hit UK Hard; Amex Negotiating To Buy SMB Lender Kabbage
August 12, 2020  |  News

In today’s top news, the impact of the pandemic has hit the U.K. harder than other developed countries, and Amex is eying an acquisition of...

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Just Eat Takeaway Profits Soar With Pandemic Lockdowns
Just Eat Takeaway Profits Soar With Pandemic Lockdowns
August 12, 2020  |  Earnings

Just Eat Takeaway.com, the European food-ordering firm, reported increased revenue and profits for the first half of the year as the COVID-19 pandemic boosted online...

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Goldman’s Bid For GM’s Card Business Shows Connected Commerce Lure
Goldman’s Bid For GM’s Card Business Shows Connected Commerce Lure
August 12, 2020  |  Payment Methods

Is the car destined to become the next big portal for eCommerce? That’s apparently the vision being pitched by investment banking and financial services giants...

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Mortgage, Loan Platform Blend Notches $75M In Funding At Valuation Close To $1.7B
Mortgage, Loan Platform Blend Notches $75M In Funding At Valuation Close To $1.7B
August 12, 2020  |  Investments

Blend, the San Francisco-based digital mortgage and loan platform, announced it has secured $75 million in Series F funding. The funding, led by Canapi Ventures, the...

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