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Today In Payments: DOJ Approves Mastercard's Finicity Acquisition; Airbnb Files For IPO

PYMNTS

Securities and Exchange Commission (SEC) on Monday (Nov. Germany's Razor Group, which works to acquire and scale Amazon brands, has raised 25 million euros (about $26.7 consumers actively use mobile banking apps, but another 43 million shy away from doing so because they believe banking apps’ security falls short.

Payments 130
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New Data Shows 1.5 Companies Fall Victim To Ransomware Each Minute

PYMNTS

. “With businesses expanding their online presence to create more touchpoints with customers, employees and partners, the boundaries between what’s inside the firewall and what’s outside become less and less discernible, opening a whole new front in the battle between attackers and security teams,” the company wrote in a blog post.

Company 134
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Fraudsters And The Retail Identity Crisis

PYMNTS

Potential regulatory uncertainty aside, however, Mastercard CEO Ajay Banga was upbeat about the results – and what’s next, particularly as it relates to securing an increasingly digital commerce-based world. “We are executing well on our strategy and are pleased to deliver another quarter of record results,” said Banga.

Retail 112
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Mastercard Stock Rises On  Q3 Growth, Falls On Regulatory Concerns

PYMNTS

Potential regulatory uncertainty aside, however, Mastercard CEO Ajay Banga was upbeat about the results – and what’s next, particularly as it relates to securing an increasingly digital commerce-based world. “We are executing well on our strategy and are pleased to deliver another quarter of record results,” said Banga.

Cards 122
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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

Fiserv has worked to consolidate multiple digital platforms, and after disappointments from previous aspirations of its Corillian, Retail Online Banking and Architect platforms, the company is now working to build credibility with its “Experience Digitalstrategy.

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Mastercard’s 3Q Shows Masterful Masterpass

PYMNTS

billion Mastercard and Maestro branded cards out in the field, up six percent year over year. One is the “digital by default strategy” through which issuers are able to auto enroll cardholders through their banking applications, a process that Banga said “drives scale for us.” percent, Canada was up 9.8

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Reinventing Financial Services

Insights on Business

From pressures around data security, a constantly evolving regulatory environment, and disruptive new players (fintechs)—all amplified by cost pressures and diminishing margins—it’s clear that business models need to quickly adapt. We’ve been long saying that financial services firms today are undergoing a radical transformation.