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McDonald’s Banks On Bakery To Beef Up Breakfast Sales

PYMNTS

“We’re continuing our breakfast innovation by adding tasty new sweet options with our new McCafé Bakery lineup. Breakfast burritos topped the morning menu at McDonald’s in 1991, and McGriddles followed in 2003. Further, the company’s popular premium roast coffee is now 100 percent sustainably sourced.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

PYMNTS

The operation will carry an enhanced, innovative Payroc brand, offering full-service global merchant acquirer services and payments processing in 46 countries. Illinois-based Payroc is a privately held full-service payment processor founded in 2003, servicing over 30,000 clients, and processing over $10 billion in annual card volume.

Illinois 100
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Krispy Kreme Close To Acquiring Insomnia Cookies

PYMNTS

At the time, Peter Harf, a JAB senior partner, noted that the deal “is yet another example of our commitment to investing in extraordinary brands with significant growth prospects.”. Founded in 2003 by a University of Pennsylvania student, Insomnia Cookies’ stores stay open and deliver until 3:00 a.m.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases. Innovation by Any Other Name. Surcharging has been permitted Down Under since 2003. And it will be a lot more than just 10 cents.

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This Week’s Reads: Underbanked, Checks, Biometrics

Banking 2020

Articles via Credit Union Times, Bank Innovation, American Banker, The Financial Brand. From the years 2003 to 2013, the amount of checks used for payments has decreased from 36 million to 18 billion. Below are interesting stories the Banking.com staff has been reading over the past week.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

The Sad State of Corporate Innovation. See how corporates are failing when it comes to innovation. Download the free 31-page State of Innovation report. While Google excelled in building software, it lagged behind in hardware and product innovation. Microsoft and Nokia. Date: April 25, 2014. Price: $7.9B. Price: $11B.

Google 76