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7-Eleven Is Suspending Its Mobile Payment Feature After Hackers Stole $500,000 From Japanese Consumers

Hackers exploited a flaw in a mobile payment feature introduced by 7-Eleven Japan on July 1 to target 900 accounts and use them to make 500,000 in purchases, causing the retailer to shut down the program, according to The Verge.

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Apple Sued by App Makers Alleging App Store Breaks Antitrust Law

The developers behind a basketball workout and a baby naming app are taking Apple to court and the timing could not be more awkward for the iPhone maker.

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JPMorgan Is Investing Billions in the Tech Arms’ Race. Here’s Everything You Need to Know.

Here’s what we know about what’s going on inside of JPMorgan right now, from who is leading the race to succeed CEO Jamie Dimon one day, to how the bank is deploying its 10.8 billion annual tech spend to better serve clients and compete with rival financial firms.

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Technology Has Helped Improve Lives Around the World. Here’s How It’s Going to Change Our Relationships With Businesses.

Technology and the digital transformation it powers have seen the global rate of innovation increase exponentially. Technology has broken down barriers and improved lives on every continent.

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Visa CEO Al Kelly Skeptical of Real-time Payments

Visa CEO Al Kelly shared his skepticism about the outlook of real-time payment (RTP) platforms at an investor conference last week, noting that he doesn’t see a robust consumer need for payments faster than current card network or settlement platforms, per Bloomberg.

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Ex-Walmart Exec Says ‘Fairy-tale’-like Amazon Go Won’t Win the Future of Retail

Joel Larson, the former head of checkout innovation for Walmart, says Amazon Go’s technology has too many limitations to succeed in large stores. The technology’s accuracy rates decline in stores with too many products that are similar in appearance, he said.

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Global Regulators Are Struggling to Define Fintech Credit

While many jurisdictions have highlighted fintech credit as a key development in the nonbank financial space over the last year, they struggle to define exactly what fintech credit is, per findings of the Financial Stability Board’s (FSB’s) Global Monitoring Report on Non-Bank Financial Intermediation 2018.

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The Fed Is Worried About Fintechs and How They’re Regulated

The US Federal Reserve is reluctant to give fintechs, such as alt lenders OnDeck and Kabbage, access to the country’s financial infrastructure, including its payment systems and settlement services, according to Reuters.

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Wirecard Expands Cooperation With Singtel’s Dash to Enable Mobile Payments With Apple Pay

MUNICH, December 20, 2018 /PRNewswire/ — Wirecard, the global innovation leader in digital financial technology, has deepened its partnership with Singtel’s Dash to support the Dash mobile wallet’s Visa Virtual Account on Apple Pay.

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The Prepaid Card Report: What Issuers Can Do to Win Market Share in a Period of Unprecedented Regulation and Competition

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here. The US prepaid card ecosystem is huge, with 10.7 billion prepaid card transactions made in 2016 reaching 290 billion.

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Healthcare Providers Investing in Digital Payment Solutions

This story was delivered to Business Insider Intelligence Digital Health Briefing subscribers hours before appearing on Business Insider. To be the first to know, please click here.

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Australia Still Has the Potential to Lead the Charge on Fintech, but Hong Kong Is Hot on Our Heels

Australia has recently seen an increase in fintech-related activity, as the government forms fintech agreements with other countries around the world and launches initiatives designed to boost the industry. At the same time, banks are increasingly releasing innovative new products, and funding for fintech startups continues to gather pace.

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