Chip shortage drives up card costs
Payments Dive
MAY 26, 2022
Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.
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Payments Dive
MAY 26, 2022
Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.
Payments Dive
MAY 11, 2022
That's more than was previously expected and the increase is partly due to the upheaval in Ukraine, the World Bank said. The international bank expects remittances to climb 3.7% to $802 billion this year.
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TheGuardian
APRIL 8, 2024
In annual letter to investors, Jamie Dimon warns ‘wars in Ukraine and Middle East could become far worse’ The boss of the US bank JP Morgan has warned that the world could be facing the most dangerous moment since the second world war, putting lives and economic growth at risk. Continue reading.
The Paypers
APRIL 13, 2022
The World Bank has announced it is preparing to deliver USD 1.5 billion in aid to Ukraine to help the country maintain government operations amid Russia’s offensive.
Abrigo
JULY 1, 2022
Ukraine War Creates Human Trafficking Crisis War, forced migration, and lack of governmental oversight lead to human traffickers seizing the opportunity to exercise their illicit activity. Takeaway 1 The current war in Ukraine is creating opportunities for human traffickers. Human Trafficking: Ukraine in Crisis. Financial crime.
The Paypers
AUGUST 14, 2017
(The Paypers) The World Bank has announced it will use the ProZorro public e-procurement platform for conducting purchases of goods and services in Ukraine.
PYMNTS
JANUARY 29, 2020
Peer-to-peer payments service MoneyGram will partner with Industrialbank to create a new bank deposit service in Ukraine. In Ukraine, funds from MoneyGram will be available on the same day they are sent, if they are sent within Ukrainian business hours. Otherwise, they will be available on the next business day with no back-end fees.
Abrigo
APRIL 18, 2022
Innovation is key in the world of decentralized currencies The United States will have to be creative to stay competitive globally as digital assets enter the mainstream. The innovative world of digital assets has made big strides since its inception in 2009. Would you like other articles like this in your inbox? Rapid Growth.
TheGuardian
APRIL 29, 2023
We look at ways a conflict might inflict yet more harm on our struggling businesses As the world struggles with the economic fallout from the Ukraine war, fears are mounting about a conflict that would be even more consequential: a Chinese invasion of Taiwan. And what about TikTok?
FICO
MARCH 18, 2022
As a result of the attack on Ukraine, FICO is exiting all work in Russia. Consistent with directives by governments around the world, we are actively unwinding our business relationships in Russia and will not be pursuing new business in Russia. These donations are earmarked to specifically help the Ukrainian people. .
BankUnderground
FEBRUARY 22, 2024
Dario Bonciani and Johannes Fischer The UK economy has been hit by significant terms-of-trade shocks, most notably the rise in energy prices following the Russian invasion of Ukraine. Specifically, we assess its performance in predicting UK inflation out of-sample at key dates around the start of the war in Ukraine.
PYMNTS
MARCH 12, 2020
Hackers around the world are taking advantage of coronavirus fears by posing as organizations like the U.S. Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO) to maliciously advance espionage tactics and cause panic and confusion, according to a report by Bloomberg.
PYMNTS
NOVEMBER 22, 2020
The corporate card is going through a change this year, like many other parts of the business world. Danske Bank was recently the center of controversy over accusations of laundering hundreds of billions of dollars for clients in Ukraine, Russia and other countries in February of 2019, the report says.
TheGuardian
MARCH 1, 2022
In response to Vladimir Putin’s escalating assault on Ukraine, the UK has added more than 100 individuals and entities to its sanctions list. His new book is Butler to the World : how Britain became the servant of tycoons, tax dodgers, kleptocrats and criminals. Can the system be cleaned up? But will they be effective?
PYMNTS
JANUARY 8, 2020
In the January Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including new government-provided identity initiatives from Malaysia, Morocc o and Ukraine, verification partnerships from Jumio and open-source digital ID initiatives that could be game-changers for identity security.
PYMNTS
APRIL 28, 2017
Global seamless payment technology provider Ingenico Group recently announced an acquisition that will expand its footprint in the Ukraine. Ingenico Group recently acquired the Systems of Secure Transactions (SST) business unit from its long-time partner and distributor in the Ukraine Bancomzvjazok JSC (BKC).
PYMNTS
JULY 3, 2017
In looking at just where the cyber attacks that hit the Ukraine and spread around the world last week may have originated, the Ukraine has pointed a finger at Russia. That assessment comes from the Ukraine’s state security apparatus, known as the SBU. Russia’s own response has been one of denial.
BankUnderground
APRIL 24, 2024
More recently, this index shows a sharp increase following Russia’s invasion of Ukraine in February 2022. The magnitude of these effects is somewhat smaller than Caldara and Iacoviello (2022), though they use a longer time sample (1900 onwards), which includes both World Wars.
TheGuardian
FEBRUARY 23, 2022
The murky world of Swiss banking. Amid fears the situation could quickly lead to a calamitous war, attention turned to how Ukraine and the wider world would respond. Amid fears the situation could quickly lead to a calamitous war, attention turned to how Ukraine and the wider world would respond.
TheGuardian
NOVEMBER 20, 2022
It’s not just energy companies that should be forced to pay back windfall gains to taxpayers Get our morning and afternoon news emails , free app or daily news podcast Discussion about a super profits tax has been focused on energy companies, which have enjoyed huge windfall gains thanks to the invasion of Ukraine.
PYMNTS
JANUARY 10, 2020
“In just seven years, we have managed to become the largest bus provider in the world, with more than 400,000 daily connections,” said CEO Andre Schwammlein, who co-founded FlixMobility along with Jochen Engert and Daniel Krauss. Popular for its branded green vehicles, in 2019, FlixMobility expanded into Ukraine.
Abrigo
JANUARY 30, 2023
Takeaway 2 The alert targets Russian elites and is the fourth Russia-related warning FinCEN has issued since Russia invaded Ukraine. Watch webinar Safety measures FinCEN efforts to target sanctioned Russian elites FinCEN’s alert is the fourth Russia-related warning it has issued since Russia invaded Ukraine in 2022.
PYMNTS
MAY 4, 2020
As a result, Uber is dropping its online food delivery business in the Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Ukraine and Uruguay. This continues our strategy of focusing our energy and resources on our top Eats markets around the world,” the company said, adding that the moves will not affect its ridesharing business.
Abrigo
MARCH 7, 2022
Takeaway 1 Regulators have increased their focus on BSA in the first quarter of 2022, and the crisis in Ukraine will put OFAC in the spotlight. Regulators have seen an increase in BSA focus during the first quarter of 2022, and with the Russian invasion of Ukraine, OFAC will be in the spotlight more than ever. 2022 Regulatory Focus.
Abrigo
MARCH 11, 2022
Takeaway 1 NBFIs are not immune to regulatory penalties, especially with examiners' increased BSA focus and the Ukraine crisis putting OFAC in the spotlight. Regulators have seen an increase in BSA focus during the first quarter of 2022, and with the Russian invasion of Ukraine, OFAC will be in the spotlight more than ever.
PYMNTS
FEBRUARY 25, 2020
This partnership is just another example of how Mastercard Send is providing innovative new solutions for customers and consumers all around the world, enabling them to send and receive money – when, where and how they want,” said Shari Krikorian, senior vice president for Mastercard.
Abrigo
FEBRUARY 9, 2023
Name screening has become a hot topic within the financial crime industry, especially since the Russian invasion of Ukraine and the frequent addition of Russian oligarchs and other cronies to pep lists and sanctions lists worldwide. Continually updated world leader lists are available through third-party vendor’s screening programs.
PYMNTS
JUNE 13, 2017
In a press release , the company said the malware was probably involved in the December 2016 cyberattack on Ukraine ’s power grid that prevented part of its capital, Kiev, from getting power for more than an hour. This report on cybersecurity comes as Ukraine is becoming more of a hotbed for cyber criminals. In February, U.S.
South State Correspondent
MARCH 1, 2022
Last week, JP Morgan opened banking’s first presence in the metaverse within the blockchain-based virtual world of Decentraland (go HERE for a primer). Now, if you think authenticating a customer is hard in the physical world, it’s really hard in the virtual one. Photo credit: Bloomberg. Crypto Banking.
PYMNTS
JULY 7, 2017
On June 27, the hostile software — dubbed “NotPetya” after initial reports misidentified it as the ransomware Petya — crippled organizations in more than 60 countries and in every possible vertical, from banks and shipping providers in the Ukraine to U.S. The main target, however, appeared to be the Ukraine. pharmaceutical companies.
BankUnderground
DECEMBER 15, 2022
Geoeconomic fragmentation is one of the greatest risks to the international monetary and financial system at present, particularly since Russia’s war of aggression against Ukraine. Eikon from Refinitiv, IMF International Financial Statistics, IMF World Economic Outlook and Bank calculations. The opposite is true for Bloc 2 assets.
PYMNTS
JULY 16, 2019
The solutions are designed for what Xolo dubbed the “virtual company” to mitigate friction of new businesses launching in a world where they must interact with national governments and operate across borders. Ukraine and Turkey. Xolo is the quickest and easiest way to launch and run a one-person freelancing business in Europe.”.
Abrigo
APRIL 26, 2022
Takeaway 1 With Russia's invasion of Ukraine, U.S. Russia-Ukraine heightens kleptocracy concerns. With heightened concern caused by the Russian invasion of Ukraine , financial institutions should understand how to identify corrupt activity and associated money laundering that may be flowing through the U.S. government priority.
PYMNTS
OCTOBER 16, 2018
In the coexisting — and sometimes colliding — worlds of FinTech and traditional financial services, a bit of collaboration often evolves. That signing took place at annual meetings earlier in the month via the International Monetary Fund (IMF) and the World Bank Group.
PYMNTS
NOVEMBER 7, 2016
The sanctions were due to Russia’s role in the Ukraine. The Russian payment system is dubbed Mir, which translates as “World” or “Peace”, while China has a system called UnionPay, noted Reuters.
PYMNTS
JUNE 28, 2018
Welcome to The Axis, your late look at payments news from around the world. In addition, EBANX is working with Light In The Box for card payments and Ukraine’s government says it doesn’t plan to regulate cryptocurrency mining. Coverage includes Hive Project’s deal with Gosocket for invoice financing.
PYMNTS
MARCH 20, 2020
Solution providers around the world are preparing to counter such attacks. Fraudsters are now using low-cost, sweatshop-style workforces from countries such as the Philippines, Russia and the Ukraine to create larger numbers of crimes. Users who clicked the links would see their computers infected with viruses.
PYMNTS
MARCH 13, 2017
for allegedly stealing hundreds of millions of dollars from bank around the world using a network of virus-infected computers. According to law enforcement officials and cybersecurity company Fox-IT, the Russian government focused on finding information related to military and intelligence services, specifically in eastern Ukraine and Syria.
PYMNTS
JUNE 22, 2018
And last month, Apple CEO Tim Cook revealed that Apple Pay would be making its debut in Norway, Poland and the Ukraine in the next several months. Earlier this week, it was reported that the service was launching in Poland. Additionally, the CEO said total transactions tripled on a year-over-year basis. “We
PYMNTS
SEPTEMBER 30, 2019
Something particularly notable in the emergence of FinTech platforms all over the world, Matt Dill, Visa’ s Global Head of Strategic Partnerships and Venture told Karen Webster when they discussed the worldwide launch of Visa Partner. The Changing Global Playing Field .
PYMNTS
JUNE 19, 2018
Last month, Apple CEO Tim Cook revealed that Apple Pay would be making its debut in Norway, Poland, and the Ukraine in the next several months. The report also said that additional banks will be made available in September, possibly including PKO BP, Poland’s largest retail bank.
PYMNTS
JUNE 28, 2016
The Guardian also took a look at the “hidden trade in our secondhand clothes given to charity,” that noted that Britain alone traffics in the trading of 351 million kilograms of these types of clothes per year, usually sending them to poorer countries like Benin, Ghana, Pakistan, Ukraine and Poland. billion annually.
PYMNTS
MAY 2, 2018
According to news from 9to5Mac , during a conference call to discuss fiscal second-quarter results with Wall Street on Tuesday (May 1), Apple Chief Executive Tim Cook confirmed Apple Pay will make its debut in Norway, Poland, and the Ukraine in the next several months. billion.
PYMNTS
MARCH 2, 2018
Around the mPOS World. At airports around the world, mPOS is helping on-the-go consumers. Under the latest rollout, Android users in Portland, Oregon and Kiev, Ukraine can use the company’s payment app to access local transit systems. One of the latest solutions to take off came from South Africa’s FlySafair.
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