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Control of Rocket Internet Shifts
Control of Rocket Internet Shifts
August 25, 2014  |  Merchant Innovation

Rocket Internet, the German startup incubator launched in 2007 by Alexander, Marc and Oliver Samwer, has swapped 2.5 percent of its ownership to a longtime...

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Coin’s All-In-One-Card Troubles
Coin’s All-In-One-Card Troubles
August 25, 2014  |  News

Coin, the device that looks to stand as an electronic replacement for credit and debit cards, is coming to market.  It will just be arriving...

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AmEx Agrees To Pay Millions For Unauthorized Interest Hike
AmEx Agrees To Pay Millions For Unauthorized Interest Hike
August 25, 2014  |  News

American Express will pay between $4 million and $6 million to settle claims that it increased consumers’ fixed-interest rates to a higher, variable rate without...

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Is Delivery Finally Ready To Deliver?
Is Delivery Finally Ready To Deliver?
August 25, 2014  |  Merchant Innovation

2014 is shaping up to be the year that the internet decided the best thing it could do is make sure that consumers never had...

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Russian Bank Embracing China UnionPay Cards
Russian Bank Embracing China UnionPay Cards
August 25, 2014  |  News

Russia’s Laitbank is expected to begin issuing 10,000 China UnionPay cards this month, according to Ria Novosti. The online newspaper Gazeta.ru reported that Laitbank has...

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Sears Quarter Sees $747 Million Plunge
Sears Quarter Sees $747 Million Plunge
August 25, 2014  |  News

Sears Holdings burned through another $747 million and recorded a loss of $573 million in its second fiscal quarter. The retailer is weighing additional steps...

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More Than 1,000 Merchants Hit With POS Malware, Says U.S. Secret Service
More Than 1,000 Merchants Hit With POS Malware, Says U.S. Secret Service
August 25, 2014  |  Breach Round Up

More than 1,000 merchants have been hit by the Backoff malware, given that it was “detected in October 2013 and was not recognized by antivirus...

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Twitter Moves One Step Closer To Commerce
Twitter Moves One Step Closer To Commerce
August 25, 2014  |  News

As more and more hints have made it clear that Twitter is toying with a direct payment mechanism, the idea that Twitter will be doing...

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As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
As The Fed Works To Improve B2B Payments, Payments Industry In Position To Help
August 22, 2014  |  News

In June, Federal Reserve Financial Services hosted a series of town hall meetings to discuss a variety of initiatives designed to improve B2B transactions, along...

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