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Trying To Reason With Returns Season: 51 Percent Of Consumers Would Keep Goods For Discounts

PYMNTS

While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during the 2020 holiday rush. And as that tidal wave crashes down, retailers are responding in a perhaps unexpected way. The likes of Walmart, Amazon and Target are issuing refunds and telling consumers they can just keep the items, instead of going through the trouble of shipping them back.

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Capital One Joins Fiserv’s MoneyPass ATM Network

PYMNTS

Capital One has signed on to join Fiserv ’s surcharge-free MoneyPass ATM network. Under the deal , MoneyPass will be made available at over 1,500 Capital One ATMs at Capital One branches, Capital One Cafés and other select locations. In addition, Capital One 360 Checking customers will be able to utilize 34,000 MoneyPass ATMs surcharge-free around the country.

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Cryptocurrency Market Tumbles; Bitcoin Falls 12 Percent

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The price of bitcoin kept going up and up and up for months — to a high of more than $40,000. Then, on Monday (Jan. 11), the market came crashing down. CNBC reported that bitcoin (BTC), the largest cryptocurrency by market capitalization, fell over 12 percent from a day earlier, to as low as $30,863. According to Coinmarketcap, the overall value of the cryptocurrency market — or market cap —was $880 billion Monday morning, down from $1.08 trillion a day earlier.

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Today In B2B: SBA Releases New PPP Loan Guidance; xSuite Secures Peppol Certification

PYMNTS

Today in B2B payments, the SBA releases guidance for the next round of PPP loans, while xSuite secures Peppol invoice certification. Plus, TripActions announces ERP integrations, FortisPay acquires Swype and Goldiam launches a B2B eCommerce platform in the U.S. SBA Unveils Guidance for Second Round of PPP Loans. The Small Business Administration (SBA) has released guidance on applying for the second round of loans being offered under the Paycheck Protection Program (PPP), which has been a lifeli

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Verizon Speeds Ahead With 5G Ultra At CES

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If it feels like the rollout of 5G – or 5th generation – super high-speed wireless service has been in the works forever, you’re probably right, given that it was officially launched in 2019. While the four major cell phone service companies are still racing to make 5G available to more users in more cities, only about 12 percent of global smartphone device shipments enable access to the latest tech, and most of that total is in China.

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Crypto.com Teams Up With Booking.com On Travel Discount Deal 

PYMNTS

Crypto.com has put in an early bet that 2021 will see a rebound in the battered travel market. The Hong Kong-based cryptocurrency and payments platform on Monday (Jan. 11) unveiled a partnership with Booking.com that will dole out sizable discounts to users of Crypto.com’s app. In particular, Crypto.com users who make travel reservations through Booking.com using the Crypto.com app can shave up to 25 percent off the cost of their accommodations.

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Staples Makes Third Bid To Buy Office Depot For $2.1 Billion

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Staples is hoping the third time’s the charm, as it seeks to buy rival Office Depot for a reported $2.1 billion. In a letter to the Office Depot board , Staples proposed to pay $40 per share in cash. Staples’ parent company is called USR Parent Inc. “Staples believes that its all-cash transaction is a compelling value proposition for ODP's stockholders that offers a high degree of certainty and is superior to the intrinsic, standalone value” of Office Depot , the letter said.

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