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Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations

PYMNTS

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. New York To Ease Cryptocurrency Regulations. Samsung To Roll Out Pay Card For Digital Wallet With Mastercard, Curve. Wirecard Files For Insolvency, Seeks Court Protection.

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Marqeta to buy Power Finance

Payments Dive

The virtual card company said it would pay $275 million to buy the New York fintech that allows companies to manage their credit card programs.

New York 243
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Themes & Takeaways From the 2022 Real-Time Payments & Fraud Management Summit 

Perficient

Our Payments Practice recently had the opportunity to represent Perficient at the 2022 Real-time Payments & Fraud Management Summit held in New York City. . The conference was attended by several Financial Institutions, Service Providers, Fintechs, and Industry Regulators. Plan and adapt or chase and catch up. .

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

PYMNTS

With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Global Cash Card’s Legal Saga Ends. ADP Eyes Payroll Card Adoption Jump.

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Credit Management App Debitize Acquires Rival Debx

Bank Innovation

Debitize, a graduate from Bank Innovation's sister accelerator INV Fintech, announced today it has acquired rival Debx for an undisclosed amount. Based in New York, Debitize helps consumers manage their credit cards and bills and thus avoid fees while building credit.

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New York Banks Should Get Into Online Lending

PYMNTS

Online lending may be dominated by startup companies based outside of New York, but the New York State Department of Financial Services (NYDFS) wants New York banks to get into the business as well. The products could help serve lower-income people who live in New York and don’t have access to banking.

New York 100
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Uber Hooks Into FinTech To Expand Beyond Ride-Hailing

PYMNTS

The company has reportedly been hiring numerous product managers and engineers. Its new FinTech team could ultimately have more than 100 workers. Uber is taking advantage of New York’s talent pool in the financial department, which has more depth in the San Francisco sector.

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