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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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Former Aeropostale VP Gets Jail Time For Business Fraud
Former Aeropostale VP Gets Jail Time For Business Fraud
August 22, 2014  |  B2B Payments

Former Aeropostale executive vice president and chief marketing officer Christopher Finazzo wassentenced on Wednesday (Aug. 20) to eight years in prison for his role in...

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Japanese Auto Parts Makers Face $202M Antitrust Fines
Japanese Auto Parts Makers Face $202M Antitrust Fines
August 22, 2014  |  International

China’s National Development and Reform Commission (NDRC)stated on Wednesday (Aug. 20) that 12 Japanese auto parts makers have been fined 1.24 billion yuan ($202 million)...

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Payment Firm Partners With Lender To Power SME Financing
Payment Firm Partners With Lender To Power SME Financing
August 22, 2014  |  Alternative Finances

Global payment provider Worldpay and lending firm OnDeckannounced on Wednesday (Aug. 20) that they partnered together to small and mid-sized firms get access to financing....

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Standard Chartered Hit With $300M Fine Over Failed Money-Laundering Controls
Standard Chartered Hit With $300M Fine Over Failed Money-Laundering Controls
August 22, 2014  |  News

Standard Chartered Bank will stop processing payments in dollars from 300 Hong Kong clients at its New York branch, after the bank failed to flag...

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ECB Eyes New Payments’ Oversight Regulations
ECB Eyes New Payments’ Oversight Regulations
August 22, 2014  |  Europe

The European Central Bank has identified four key payment systems under new regulations that took effect this month, making the payment systems subject to tighter...

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Chase Rewards Ditches Paper For Credits
Chase Rewards Ditches Paper For Credits
August 22, 2014  |  Loyalty & Rewards

JPMorgan Chase is eliminating cash-back checks from its rewards program for Chase Sapphire, Chase Freedom and Ink credit card customers, according to American Banker. Chase...

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