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Google Pay Now Supports Cards From 13 More US States

PYMNTS

Ahead of the Fourth of July holiday, Google Pay has rolled out mobile support for cards from 13 U.S. Services like Google Pay must come to an agreement with a credit union or bank before they can support a consumer’s debit or credit card, 9to5Google reported. The report also noted that it seems U.S.

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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

First National Bank of Milaca. Greater Cleveland Community Credit Union. Lamar National Bank. Also in September, Australia’s ANZ bank added Google Pay for its personal Visa credit and debit card users. First Bank of Boaz. First Central Credit Union. Grand Savings Bank. Greenleaf Wayside Bank. Hatboro Federal Savings, FA.

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Upscale restaurant chain hit by POS breach: Krebs

Payments Source

Cleveland-based Select Restaurants Inc., a national chain of upscale restaurants and bars, has experienced a breach exposing customers’ payment card data through point of sale technology, according to data security expert Brian Krebs.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

The legislation would also cover stablecoins that are “denominated in United States dollars or pegged to the United States dollar, or denominated in or pegged to another national or state currency.”. Casting a Wide Net . That’s a pretty wide net, as it would cover any number of stablecoins pegged to single currencies or baskets of currencies.

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The Future of Noninterest Income at Financial Institutions

Abrigo

Finally, banking alternatives such as Chime-Spot Me, an app offering to cover debit card purchases and cash advances that overdraw the account from $20 to $200 without an overdraft fee, have become more competitive. To remain competitive, some of the nations’ largest banks have introduced new products.

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Visa’s PayWorks Acquisition, Amazon’s Prime Day Top This Week’s News

PYMNTS

Cleveland-based regional banking firm KeyCorp disclosed a massive instance of fraud that could potentially come at a cost of $90 million. The country’s digital economy push comes as the government has also digitalized the national ID card, which every citizen who is older than 16 must wield. and closed at $204.87.

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Community banks most likely to approve small business loans

Abrigo

Over the first half of 2014, these banks, with an approval rate of just under 60 percent, beat out large national banks (31 percent), large regional banks (45 percent) and online lenders (38 percent). The most popular financing products for which small businesses applied included lines of credit, business loans, credit cards and SBA loans.