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Facebook Preps GlobalCoin Launch

PYMNTS

The social media giant has been working on the project — code-named Project Libra — for more than a year, centered around the company’s own digital coin that users can send to each other, as well as use to make online purchases.

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Bitcoin Daily: TV Show Creator Sues Facebook For Bitcoin Ad Scam; Vancouver Cracks Down On Bitcoin ATMs

PYMNTS

De Mol’s lawyers accuse the social media giant of failing to prevent the ads, as well as not responding fast enough to complaints. In other news, Vancouver’s mayor is suggesting the ban of bitcoin ATMs, as the city’s police called them an “ideal money laundering vehicle.”. million euros ($1.9 million) from its victims.

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DenizBank, Turkey … the visible bank

Chris Skinner

With fastPay you can do send money to a mobile phone, withdraw cash from ATM without a card, shop with fastPay businesses and top-up cash for prepaid cards. Kumsal has been building a community of small sized enterprises and providing them with tools to help them manage, promote and grow their businesses via the cloud.

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How Digital-First Credit Unions Can Break The Impersonality Barrier

PYMNTS

Digitally-focused CUs are reaping the rewards of this market demand and saving money by limiting the number of branch locations and ATMs that need to be maintained. Digitally focused banks can incur an aura of impersonality, a challenge Alliant meets with personalized customer engagement and a far-reaching social media strategy.

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4 ways to track your bank’s marketing performance

Independent Banker

From mailers and e-newsletters to social media posts and events, there are countless ways to spread the word about your community bank and its offerings. Advertised on the bank’s social media and in its e-newsletters, this marketing campaign was a simple way to promote the community bank’s new digital tools to a wider audience.

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Top News In Payments: Facebook Expenses Rise 51 Pct; Goldman Targets $125B In Consumer Deposits

PYMNTS

In its Q4 2019 earnings release, Facebook reported a 51 percent spike in expenses for 2019, as the social media platform faces more questions from regulators and policymakers. Facebook Expenses Rise 51 Pct as Regulatory Pressure Increases. The tech giant’s revenue also increased 25 percent from last year. Unbundling the Travel Bundle.

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Capital One Q2 Earnings Preview: Increased Spending, Decline In Revenue Expected

PYMNTS

One glaring expense was a significant increase in social media ad spending in the company’s efforts to find and attract new customers. Last year, Capital One spent $18.6 million on Facebook advertising alone, a sharp increase from the $2.8 million dedicated for the same purpose in 2017.

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