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Metro Joins Bacs For SMB Direct Debits

PYMNTS

challenger bank Metro Bank has joined the Pay.UK-operated operated Bacs and partnered with Boston payments firm Bottomline Technologies to enable direct debits for small to medium-sized businesses (SMBs), Metro announced on Wednesday (Feb. SMBs and FinTechs. Unlike the U.S.,

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Metro Bank Pulls Back On Commercial Lending

PYMNTS

challenger bank Metro Bank, the financial institution is reportedly looking to reduce its corporate loan exposure and wind down commercial lending operations. Metro will look to instead focus on residential property financing as it seeks a new chairman. Following a series of setbacks for U.K. The Times on Sunday (Sept.

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Facebook Threatens EU Pullout As Data Sharing Comes Under Scrutiny

PYMNTS

according to Metro. Facebook’s Cunnane laid out the threat in a sworn affidavit to the Irish regulator, hinting that the social media giant might be prepared to shut down its operations in a region where it has more than 400 million users. “It government.

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Disrupting The Security Deposit With Insurance

PYMNTS

metros that time can extend to a decade and beyond. The average security deposit in the U.S. Their savings might cover the security deposit — barely, in some cases — but will more or less be consumed. Affordable housing in many American cities has reached crisis levels.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million.

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Bankers Call For Overhaul Of RBS Fund Program

PYMNTS

million) to help with banking investments, but last week, Metro Bank , which received the biggest reward, said it would give back 50 million pounds ($63.8 They included Arbuthnot Latham, CYBG, The Co-operative Bank, Hampden & Co., Metro Bank, Monzo, Nationwide Building Society, Santander, Starling Bank, Handelsbanken and TSB.

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Taking Real-Time Payment Rails To The Tipping Point

PYMNTS

Real-time payments are imperative for running successful operations in today’s global ecosystem. The aim of creating this system was both to provide more speed and security to the country’s merchants. The payments network will allow merchants in the country to receive funds just by having consumers scan QR codes on their cell phones.

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