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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

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Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. PayCore has been pushing to expand globally from its home base in Turkey, having acquired Mastercard Payment Transaction Services Turkey Bili?im

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Where People Spent Stimulus Payments – And Where They Didn’t

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The stimulus payments may not have done much to, well, stimulate the economy at large. trillion in stimulus checks tended to use those payments to bolster their savings or pay down debt – and only a small percentage of those surveyed actually spent that money.

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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank

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Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that is facing one of the country’s biggest accounting frauds, the Financial Times reported.

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Banco BASE Taps Volante For Payments; Azimo Receives Dutch Central Bank License

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Welcome to The Axis, your late look at payments news from around the world. for international and domestic payments. to provide systems for international and domestic payments, according to an announcement from Volante. Coverage includes Mexico ‘s Banco BASE selecting Volante Technologies Inc. Outside the U.K.,

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PingPong To Enter Europe Via $113M Investment

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PingPong collects payments from exporters selling through eCommerce platforms like Amazon , Newegg and Shopee, and the clearance of potential regulatory roadblocks is an important part of its business. Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.

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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

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This year brings the Second Payment Services Directive ( PSD2 ) deadline, also in Europe, with its designs meant to encourage more security and innovation in the payments and FinTech spaces. When it comes to these payment and security trends, from one angle, it’s a matter of acronyms. 3D Secure 2.0 52 percent.

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Billtrust Taps Green Dot For New CFO

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Billtrust closed out 2019 with annual payment volume in excess of $1 trillion. . “I am pleased to join Billtrust’s leadership team and look forward to guiding Billtrust’s financial operations as they continue to transform the accounts receivables landscape for the world’s leading brands,” said Shifke.

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