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Africa’s Quiet Cashless Payments Revolution

PYMNTS

They’ve seen it since they started working on the ground in Africa in 2006 to develop an online booking system for a small Kenyan airline looking to make themselves more appealing to foreign customers. But we do want them to be able to enter the region.”. No one calls this eCommerce.,” Feinstein said. The Global, Local Two-Front Push

Payments 284
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How Facebook Unfriends Ad Fraudsters

PYMNTS

Account takeovers (ATOs), identity theft and phishing were found to be the most common methods of attack in this region. This is the first year-over-year (YoY) decline in card fraud since AusPayNet first reported this statistic in 2006. The network found that Australia’s 2018 card fraud rate was 72.8 percent in 2018 from 13.9

Fraud 158
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Ally to Pay $52M to Settle Subprime RMBS Investigation

American Banker

Ally Financial in Detroit has agreed to pay $52 million to settle probes and claims related to its role as the underwriter for subprime mortgage backed securities in 2006 and 2007.

Detroit 28
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How To Live Forever In The Financial Services Space

PYMNTS

From user interface technology to security and risk management, the only constant in the financial space is that nothing stays the same for long. For example, we were the first in the Middle East region in 2006 to close the loop by sending back a text alert to the remitter that the beneficiary had collected the money.

How To 136
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Are you ready to meet customer needs in the mobile space?

NCR

That marks an increase of 50 percent from the end of 2012 (54 percent penetration) and compares to just three percent in December 2006. Financial services firms need to be ready to support and benefit from this trend, by delivering the convenience, rewards and security banking customers have come to expect. billion).

Mobile 49
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LendingClub Settles With SEC, DOJ

PYMNTS

Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. On Friday (Sept. The Rundown on the Run-up to the Decisions. The Aftershocks.

Lending 135
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Top 5 Total Return to Shareholders: #2 Signature Bank

Jeff For Banks

Neither supported this regional president''s opinion. From 2006 through the second quarter of 2011, the bank''s assets grew from $5.4 During that period return on average assets went from 0.72% in 2006 to 1.15% year to date. Please do not claim to invest in any security based on what you read here. billion to $13.1