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State Street Settles Secret Commission Charges, Pays $64.6M

State Street Settles Secret Commission Charges, Pays $64.6M
State Street Settles Secret Commission Charges, Pays $64.6M
January 19, 2017  |  Security & Fraud

State Street, the investment firm, has settled with U.S. investigators, agreeing to pay $64.6 million on claims it defrauded clients via secret commissions on trades....

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Bankers Talk Brexit And Jobs Exodus At Davos
Bankers Talk Brexit And Jobs Exodus At Davos
January 19, 2017  |  Europe

Though there was some initial hope that London’s status as an international financial service hub would persist unaffected by the Brexit — that possibility is...

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CFPB Sues Student Loan Servicer Navient
CFPB Sues Student Loan Servicer Navient
January 19, 2017  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) announced yesterday (Jan. 18) that it has filed suit against Navient, the largest servicer of federal and private student loans...

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FTC Lodges Charges Against Credit Bureau Center For Fake Rentals
FTC Lodges Charges Against Credit Bureau Center For Fake Rentals
January 19, 2017  |  Security & Fraud

The Federal Trade Commission on Wednesday (Jan. 18) lodged charges against Credit Bureau Center and three individuals for allegedly tricking consumers into signing up for...

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Cashless Payments Eroding Cash’s Dominance
Cashless Payments Eroding Cash’s Dominance
January 19, 2017  |  Payment Methods

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s...

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Payment Card Spending Rose In UK During November
Payment Card Spending Rose In UK During November
January 19, 2017  |  Payment Methods

Payment card spending in the U.K. increased 1 percent during the month of November to hit £56 billion, thanks in part to an increase in...

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ACI Updates UP Immediate Payments To Access All Payment Schemes
ACI Updates UP Immediate Payments To Access All Payment Schemes
January 19, 2017  |  Payment Methods

ACI Worldwide, a provider of real-time electronic payment and banking solutions, announced Wednesday (Jan. 18) the newest version of its UP Immediate Payments solution. In...

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Ethoca And FICO Team Up To Fight Card-Not-Present Fraud
Ethoca And FICO Team Up To Fight Card-Not-Present Fraud
January 19, 2017  |  Security & Fraud

Ethoca, the collaboration-based technology solutions company, announced Wednesday (Jan. 18) it inked a partnership with FICO, the analytics software company, in which card issuers using...

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AnaCap Buys Majority Stake In Heidelpay To Capitalize On Growth In Online Shopping
AnaCap Buys Majority Stake In Heidelpay To Capitalize On Growth In Online Shopping
January 19, 2017  |  Partnerships / Acquisitions

AnaCap Financial Partners, the European financial services private equity firm, announced Wednesday (Jan. 18) it has signed an agreement to buy a controlling stake in...

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