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Paytronix Picks Payments Industry Veteran Porter For Board

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Amy’s payments industry insight and unique experience in properly scaling a company will be valuable assets to our growth strategy,” said Paytronix CEO Andrew Robbins. “I Paytronix clearly delivers value to the market by enabling operators to drive incremental sales and deliver safer environments for staff and guests.”.

Industry 130
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How Spend Tools Feed Food Banks’ Need For Accountability

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Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. Inside The Playbook.

Tools 141
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State Street Agrees To Pay $35M To Settle SEC Charges

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The Securities and Exchange Commission (SEC) announced that financial services company State Street has agreed to pay more than $35 million to settle charges that it fraudulently charged secret markups. The company has also admitted to separately omitting material information about its platform for trading U.S. Treasury securities.

Boston 101
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SEC Charges Founder Of Mozido With Defrauding Investors

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According to a press release issued by the SEC, the regulator contends Liberty engaged in a scam to trick hundreds of investors into funding his shell companies instead of Mozido. The shell companies either did not own or weren’t allowed to transfer interests, contends the SEC.

Boston 126
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Today In Payments: Facebook Closes $5.7B Deal For Stake In Reliance Jio; GM Shutters Its Car-Sharing Platform

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billion deal for a minority stake in India’s Reliance Jio, and GM shut down its car-sharing company, Maven. billion deal on Tuesday (April 21) for a minority stake in Indian telecom startup Reliance Jio, giving the social media giant a larger foothold in the region. In today’s top news, Facebook closed a $5.7 Facebook Closes $5.7B

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Starbucks Hits 16.3M Mobile Users, Eyes Expanded Delivery

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John Culver, Starbucks president of international channel development and global coffee & tea , noted on the call with investors that, with nearly two decades of successful and growing operations under its belt, Starbucks is confident it can “navigate any fluctuation that may take place” in the Chinese market. As of Tuesday (Jan.

Mobile 162
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Top News In Payments: Bank Closings Hit Rural Areas; Kaspersky Highlights Rise Of Fake Notifications

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Also, cybersecurity company Kaspersky is putting a spotlight on the increase in fake browser notifications this year. The company said affected users have tripled every month this year. The marketplace company said on Monday (Nov. Kaspersky: Fake Push Notifications Have Grown Nearly 70 Pct In 2019. for $4 billion.