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Green Dot Blows Past 1Q Earnings Estimates on Prepaid and Tax Businesses

PYMNTS

posted results Tuesday night that blew past Street estimates, boosted by strength in its card and tax refund-focused business lines. Those tax refund recipients in turn were able to get cash advances, said the executive, all evidence of what Green Dot has termed a synergistic approach to its business. Green Dot Corp.

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Today In Payments: Chinese Tech Investments In US Plummet; Ransomware Attacks Up 41 Pct In 2019

PYMNTS

Investments by Baidu, Alibaba and Tencent peaked in 2015 at $4.7 In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. Amazon (And Others) Brace For India’s New eCommerce Tax.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

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Green Dot Q2 Sees Organic Growth, Active Card Count Up

PYMNTS

Excluding UniRush, organic revenues were up 12 percent year over year — the first time that metric had been up double digits since the second quarter of 2015. Organic card growth is likely to return next year, management said, and demographically speaking, millennials have been a tailwind. . Top line was $222.5

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The Dawn Of A Cashless Global Economy?

PYMNTS

There are issues of transaction security, criminal elements, tax evasion, free flow of capital, access to goods and services and the ability to fully participate in the global economy. That would be millennials, ages 18–29, with 64 percent saying they prefer to use cards even for transactions under $5.

Taxes 100
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Brandless: Procter & Gamble For A Digital Generation?

PYMNTS

Serial entrepreneurs Tina Sharkey and Ido Leffler think they’ve got the next Procter & Gamble with their eCommerce grocery startup Brandless, an online platform where everything is off-brand, and it all costs $3 or less. With $50 million in funding, there’s a new team staking out its home court. What’s the problem?

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The Periodic Table of Tech in India

CB Insights

In 2016, Indian tech companies closed 965 deals , a 10% increase from the 881 closed in 2015. As a result the investment total for 2016 was $3.4B, lower than both 2015 and 2014. Activity hit a peak in 2015, when Indian startups saw 182 exits – more than triple the 50 exits seen in 2012. Asia Tech Investment Report.

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