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HSBC’s Banking Robot Debuts In Miami

PYMNTS

HSBC Bank USA, a unit of HSBC Group, announced Thursday (May 30) the launch of Pepper, the humanoid robot it developed with SoftBank Robotics America, in Miami. In a press release , HSBC said Pepper is being deployed in a retail branch in Miami, marking the first time Pepper has been deployed in Florida.

Miami 108
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Cuentas wants to turn convenience stores into financial centers

Bank Innovation

Cuentas, a Miami-based prepaid debit card company targeting Spanish-speaking populations, wants to turn convenience stores into financial hubs through Cuentas-branded debit cards and accounts. The cards, which will launch in early September, will be linked to an online bank account from Saturn Bank.

Miami 210
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How Swap.com Kept Fraudsters From Ruining Christmas

PYMNTS

The pandemic drastically altered consumers’ shopping habits and retailers’ strategies for getting customers the items they needed during the 2020 holiday season. Experts predicted that online commerce over the holidays would increase 35 percent from the previous year, while brick-and-mortar retail sales were expected to decline by 4.7

Fraud 143
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Retailers Rethink Store Concepts, Digital Strategies Amid New Realities

PYMNTS

Traditional retail locations, ranging from fashion and home furnishings to hardware and department stores, have been forced to make significant changes in the face of heightened competition from eCommerce giants like Amazon and omnichannel powerhouses, like Walmart and its online unit, Jet.com.

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ClassWallet Unveils Expense Tool For School Maintenance

PYMNTS

Miami-based FinTech ClassWallet has grown its classroom expense management offering to help with the requirements of custodial and maintenance workers in primary and secondary schools, according to a Monday (Jan. 25) announcement.

Tools 154
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Default Rates Remain Stable In First Month Of New Year

PYMNTS

In a press release , the companies said the bank card default rate rose 8 basis points to 3.4 The rate for Miami increased 26 basis points to 2.19 “The uptick in the bank card default rate combined with a decline in the auto default rate reflects volatility in the consumer economy,” David M.

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Default Rates Rise Across All Loan Types In December

PYMNTS

The bank card default rate rose 25 basis points to 3.34 In Miami, it increased 41 basis points to 1.93 ” Blitzer noted that the economic picture behind autos, mortgages and bank cards are all showing different patterns. percent, while the auto loan default rate jumped 10 basis points to 1.03 percent. .”