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Massachusetts Regulators To Crack Down On Robinhood

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Robinhood has come under the watchful eye of regulators — this time in Massachusetts. The complaint is from the office of William Galvin, Massachusetts secretary of state. Robinhood has opened up financial markets for a new generation of people who were previously excluded,” the spokeswoman said. “We

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NCR Buys StopLift To Prevent Retail Fraud

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“This acquisition will help NCR accelerate growth in our market-leading self-checkout and store transformation solutions,” President and Chief Executive Officer Michael D. Hayford said in the press release. “In

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COVID-19 Scams Target The Business Community

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government's inability to curb the risk of fraud that emerged during the first round of PPP funding. According to the WSJ, nearly 1,500 firms are facing allegations of fraud after receiving a combined $2 billion in federal stimulus aid, while an additional 432 companies are said to have laid off staff after receiving their PPP loans.

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Today In Payments: California Proposes Financial Watchdog; Germany Launches Investigation Into Amazon

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Amazon is facing an investigation by Germany’s national competition regulator into the eCommerce giant’s relationship with third-party sellers in Amazon’s second-largest market. The Federal Reserve is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing a digital currency.

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Facebook Loses $36.7B In Market Value Amid Steep Data Scandal Sell-Off

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billion in market valuation and hitting a low not seen in four years thanks to its latest privacy scandal, this time with Cambridge Analytica. investors sold off shares of the stock in droves, taking other tech names and the broader market down with it. Facebook’s stock tanked in trading Monday (March 20), erasing $36.7 and the U.S.,

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Payfone Nabs $24M In Funding; Partners With TransUnion

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The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “The fear of identity fraud and cyberattacks holds the digital economy back from its full potential,” said Rodger Desai, CEO of Payfone, in a press release.

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Crypto 2020: One Step Up; Two Steps Back

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Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. At a high level, that means helping crypto companies and FinTechs come to market with crypto payments across the Visa rails. Keeping An Eye On Fraud. It all depends on how you look at it — and where you look, of course.