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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

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In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Surprise Edition: Amex, Hackers And Starbucks E-Commerce Sign-Off

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Two American Express banking subsidiaries have found themselves on the wrong side of the CFPB’s fining pen for discriminating against consumers in Puerto Rico, the U.S. American Express discriminated against consumers in Puerto Rico and the U.S. American Express’ $96M Discrimination Problem. Virgin Islands and other U.S.

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China, Alibaba Are Big Players On The Blockchain Patent Block

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The concept and execution of distributed ledger technologies (DLT) has been one that President Xi Jinping stated can be part of “reshaping the global economic structure.”. That follows a meeting late last month of the Senate Energy and Natural Resources Committee, which examined utilities by looking at blockchain and energy security.

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Tax Season Adds Extra Fraud Weight For SMBs

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According to the latest research from Bottomline Technologies, businesses said the fraud threat is on the rise. 73 percent of corporates say fraud threats rose last year , according to Bottomline Technologies’ latest Treasury Fraud & Corporate Controls survey report. Indeed, tax season isn’t the only threat hitting SMBs, either.

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Equifax Names Ex-Mastercard CEO To Its Board

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Prior to Mastercard, he spent 20 years at Citibank, where he held several leadership positions, including managing parts of Citibank’s Consumer Financial Services business in the United States, Brazil, Puerto Rico and the United Kingdom. At the end of 2017, the cost from the data breach stood at $439 million.

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Bancolombia, First Data Team Up On eCommerce Solutions In Colombia

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First Data , “a global leader in commerce-enabling technology,” has announced a partnership with Bancolombia , a conglomerate of Latin American and Caribbean financial companies, that will “integrate and strengthen their technology platforms in order to improve and diversify services for business owners in Colombia.”.

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PayPal Extras Mastercard Program Renewed

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and Puerto Rico. “We In this increasingly digital world, we are providing PayPal cardholders with the most advanced and secure technologies, giving them the core guarantees and benefits they’ve come to expect from Mastercard, regardless of how and where they pay.”.