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Remitly secures $220m to add services beyond remittances

Bank Innovation

Remitly, a Seattle-based online international money transfer service, announced $220 million of new financing on Wednesday to expand its global customer reach and stretch beyond remittances into other areas of financial services.

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Seattle Utility Customers Privy To Confidential Data

PYMNTS

But that’s what happened to customers of Seattle City Light and Seattle Public Utilities on Sunday (Sept. The City of Seattle was busy trying to fix a glitch that sent links to over 3,000 people in error. The mailings marked the launch of Seattle City Light and Seattle Public Utilities’ new billing system.

Seattle 100
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Remitly secures $220m to add services beyond remittances

Bank Innovation

Remitly, a Seattle-based online international money transfer service, announced $220 million of new financing on Wednesday to expand its global custom.

Seattle 170
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AT&T Plans Concept Store In Seattle With Cafe

PYMNTS

To provide a new shopping experience for wireless products, AT&T is opening a new 3,000-square-foot concept store in Seattle. They then will be able to use secure lockers located in-store to pick up their purchases. AT&T recently launched a new product, the LTE-M button, which allows users to place orders online in one click.

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Amazon One Lets Consumers Pay With Their Hand

PYMNTS

For now, the feature will only be available at two Amazon Go stores in Seattle, at 7th Avenue and Blanchard Street and its store in South Lake Union at 300 Boren Avenue North. But there are plans to expand it across Seattle, New York, Chicago and San Francisco, the company said.

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Catch the Early Bird Rate for Bank Innovation Ignite Before It Flies Away!

Bank Innovation

Interested in joining us for Bank Innovation Ignite 2019 on March 11-12 at the Hyatt Olive 8, Seattle? Register here to secure the lowest possible rate! In Seattle, you’ll see four Ignite Ideas sessions from the following fintech innovators: Lisa Frazier, Head […]. You’d better hurry!

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The Problem With How Most Banks Use IP Address Checks To Fight Fraud

PYMNTS

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). Chief security officers and most FinTech space players would typically say they already look at geolocation as part of their risk scoring, considering it critical to their fraud detection efforts.

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