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Payworks Raises $14.5M To Grow POS Technology

PYMNTS

Founded in 2012, Payworks offers a variety of omnichannel payment providers a next-generation payment gateway technology, operated in the cloud and provided in a Software-as-a-Service model. We believe that Payworks has both: a great team and an offering that can have real impact in the fast-changing world of card payments.”.

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CFPB sends letters to CEOs of major credit card issuers regarding payment furnishing practices

CFPB Monitor

The CFPB has sent letters to the chief executive officers of five major credit card issuers regarding their companies’ payment furnishing practices. In the letters, the CFPB cites a 2020 report in which it provided data showing a decline in the share of credit card tradelines containing actual payment data since 2012.

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London FinTech SumUp Gets Digital Money License From Irish Central Bank

PYMNTS

Our core products allow our users to take remote and contactless card payments during lockdown situations, and so in a very real way, this [license] will ensure Ireland’s entrepreneurs can keep trading and keep recovering,” Walsh said. The FinTech also has eCurrency licenses in Lithuania and the U.K.

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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. Payments in Turkey, an ever-growing market… by Soner Canko, CEO of BKM Turkey, at the crossroads of Europe and Asia, has a banking sector that defies expectations. Fifteen years ago, only 9 per cent of total household consumption was through cards.

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8 Connected-Economy Firms Expected To Light Up The IPO Market In 2021

PYMNTS

Many enjoyed huge first-day price pops, heating up the IPO market even more — and 2021 seems poised to only continue the fireworks. Popular stock-trading app Robinhood Markets reportedly recently hired Goldman Sachs to lead a possible 2021 IPO that would value the company at more than $20 billion. Then shares soared 85.8

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Invoice Fraud Hits Microsoft?

PYMNTS

Engadget reported that Jeff Tran, Microsoft ’s former director of sports marketing and alliances, was charged with five counts of wire fraud. As reported by the Federal Reserve Payments study this week, the value of noncash fraud has gone up between 2012 to 2015, and the measure along that time frame grew by 37 percent to $8.3

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.