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Mastercard Expands NYC Tech Hub

PYMNTS

Mastercard is planning to hire 470 people as the company expands its technology hub in New York City. Mastercard, the world’s second-largest payments network — which already has 250 research, development and technology employees in New York — plans to add the new jobs by 2024. The company operates five technology hubs around the world.

St. Louis 115
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Payments Tech Firm InComm Acquires Meridian Loyalty

PYMNTS

Payments technology company InComm has acquired Meridian Loyalty, a business incentives company that works to build loyalty as well as engagement opportunities for corporations, according to a release. . We’re incredibly excited to be joining the InComm team and finding innovative ways to drive positive client outcomes.” .

St. Louis 162
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Top News in Payments: UK FCA Asks Banks To Explain High Overdraft Fees; Yandex Launches 15-Minute Grocery Delivery

PYMNTS

Yandex, the biggest technology firm in Russia, launched a 15-minute grocery delivery service for Moscow residents. The FinTech, which focuses on cross-border payments, will use the funding to boost its technology portfolio and partner network. . Bank Is Doing To Drive Virtual Card Adoption.

St. Louis 131
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Sam?s Club Takes On Convenience In Age of Amazon

PYMNTS

The new brick-and-mortar location will come chock-full of new retail innovations, but the store won’t carry a plethora of items. This will be smaller than a typical club — which is perfect for testing innovations in a live shopping environment,” Iannone said. Upon exit the store, shoppers receive a receipt via phone.

St. Louis 109
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QSRs Ramp Up Mobile Order-Ahead Offerings

PYMNTS

Here’s how QSRs are integrating mobile order-ahead technology into their stores and where the innovation is headed in the future. — Last year, the St. Johnson pointed out the company’s scale in mobile payments and loyalty members, which positions it well for other innovative initiatives. million active members.

Mobile 103
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. With $580 billion in private-term loans and lines of credit and $62 billion in credit cards, they accounted for 56% of the small business financing market. economic ecosystem.

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