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Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

Fraudsters have found a new favored method for the holidays, the Sears’ bankruptcy filing finally came in and the major card networks found themselves on the wrong side of India’s emerging data privacy efforts. Gift Cards’ New Unfavorable Fans. As of September 2018, losses from gift-card fraud have hit $53 million.

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How SMB FinTech Firms Boost Data Sharing Without Open Banking

PYMNTS

Les Whiting, chief financial services officer at small business FinServ firm Wave , explained in a recent interview with PYMNTS that the M&A strategy enables service providers to facilitate the data connectivity that small business owners need to manage finances. “For us it was, do we build this ourselves, or do we acquire? .

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Virtual card issuance. Business lending and corporate cards.

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Can FinTech Walk The FinTalk?

PYMNTS

In this world, the only things certain are death and taxes. IBM’s management team described its blockchain developer toolkit as another way to make it easier for innovators to “stand up” blockchain networks. In 2011, Buffett made a $10 billion investment in the company in support of then-new CEO Ginni Rometty’s turnaround plans.

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Electronic payments ‘add $300bn’ to global economy

NCR

Whether it is credit, debit or prepaid payment cards, or alternative forms of digital payment, a study conducted by Moody’s Analytics on behalf of Visa found that increased acceptance of electronic payments encourages household spending, boosts employment and supports overall prosperity. percent to GDP attributable to card usage.

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How to Protect Your Children from Identity Fraud

FICO

Industry estimates attribute around 80% of credit card fraud losses to synthetic identity fraud and child identity theft. (On In part, this is due to a change made in 2011 by the U.S. A child receiving preapproved credit card applications, or government notices related to taxes, benefits or even traffic violations.

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Fintech Startup of the Week: Secure to Make Emergency Savings Plans as Ubiquitous as the 401k

Fintech Labs Insights

They provide the software and services for businesses to establish and manage a so-called Emergency Savings Plan (ESP). Like a retirement plan or HSA, employees agree to have a small percentage of their pay withheld ( though a key difference is the savings account if funded after-tax ). They are currently raising a seed round.