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The Facebook Files: Royal Bank of Canada, Facebook Differ On Why Bank Had Continuing Data Access

Bank Innovation

Royal Bank of Canada and Facebook today offered differing versions of why the social media company continued to give the bank extraordinary access to customer data after Facebook said publicly that it would stop doing so. RBC said Facebook allowed it access in order to “wind down” a payments app it first unveiled in 2013. […].

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Leveraging social media, Gentle Monster started to get traction. The tactic worked – in 2013, Gentle Monster’s oversized glasses were used to portray the main character of a huge Korean drama show. These striking designs paid for themselves in media exposure. months, including an annual operating cost.

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Standard Chartered, Amazon To Offer Installment Payments In UAE

PYMNTS

Payfort , an Amazon company set up in 2013 to help with payments throughout the Arab world, will be offering the new option through its online payment gateway, according to the report. Payfort managing director Omar Soudodi said the offering would help to bolster financial choice.

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Bank Is Doing to Drive Virtual Card Adoption. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

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Hackers Steal Chipotle Customer Payment Data

PYMNTS

The malware lifted data, including account numbers and internal verification codes, from magnetic stripes on payment cards. That information could be used to drain debit card-linked bank accounts, make “clone” credit cards or make purchases on less secure eCommerce sites.

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Brand Differentiation – How One Bank Is Producing 132% Profit Growth

South State Correspondent

Nubank started with a credit card offering, followed by deposit accounts, then lending, and then payments, investing, and insurance. Xpeers are customer support help reachable by phone, chat, social media, or email. However, the above is the same strategy they have had since their founding in 2013.

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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments serves more than 12,000 businesses across Australia and New Zealand. It supports eCommerce platforms and shopping carts including WooCommerce, Shopify, BigCommerce and Magento by providing a way for companies to accept card payments from customers.

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