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UK Card Services Get A Closer Look From Regulators

UK Card Services Get A Closer Look From Regulators
UK Card Services Get A Closer Look From Regulators
July 25, 2018  |  Europe

The Payments Systems Regulator (PSR), Britain’s official payment watchdog group, has announced it will be reviewing banks that process card transactions on merchants’ behalf to...

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One Leadership Battle Ends At The CFPB, A New One Begins
One Leadership Battle Ends At The CFPB, A New One Begins
July 25, 2018  |  Personnel

The leadership situation at the Consumer Finance Protection Bureau (CFPB) has been something of a complicated story since original Director Richard Cordray stepped down last...

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Cabot Square Capital Sells 321 Crédito
Cabot Square Capital Sells 321 Crédito
July 25, 2018  |  Banking

Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer finance lender, to...

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SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
SWIFT To Start Testing Enhanced Multi-Bank Standard For Cross-Border Payments
July 25, 2018  |  Banking

Financial messaging company SWIFT, along with a number of corporates and banks, announced Wednesday (July 25) plans to begin testing a multi-bank standard to further...

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ClassPass Raises $85M In Venture Funding
ClassPass Raises $85M In Venture Funding
July 25, 2018  |  Investments

ClassPass, the fitness membership service, announced on Wednesday (July 25) it raised $85 million in venture funding. Get the Full Story Complete the form to...

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China Breaks Up Massive Pyramid Scheme Involving 82 People
China Breaks Up Massive Pyramid Scheme Involving 82 People
July 25, 2018  |  Security & Fraud

China has arrested 82 people as part of the busting of a $1.51 billion online pyramid scheme that involved more than 220,000 investors. Get the Full...

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Santander Offsets Emerging Market Currency To Beat Wall Street Views
Santander Offsets Emerging Market Currency To Beat Wall Street Views
July 25, 2018  |  International

Banco Santander was able to offset emerging market currency volatility and a slowdown in U.K. during its second quarter, reporting net income that surpassed Wall...

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TransferTo Teams Up With Stellar; Bunq Unveils Payment Link Service
TransferTo Teams Up With Stellar; Bunq Unveils Payment Link Service
July 25, 2018  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes TransferTo‘s tie-up with Stellar Development Foundation for cross-border facilitation services. In...

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Ivanka Trump Shuts Down Fashion Brand To Focus On Politics
Ivanka Trump Shuts Down Fashion Brand To Focus On Politics
July 25, 2018  |  Retail

Ivanka Trump is shutting down her namesake fashion brand to focus on her role in her father’s administration. Get the Full Story Complete the form...

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