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Why Global Payments Buying Tsys Is ‘More Defensive Than Offensive’

Its the third mega-merger this year in the payments industry: Global Payments (GPN) is acquiring Total System Services (TSS) in a 21.5 billion all-stock deal, the companies announced on Tuesday.

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Facebook Crypto Project Seals $10M Investment Each From Visa, Mastercard, Paypal, Uber

Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13.

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Amazon Ventures Further Into Credit Card Industry With Synchrony Partnership

Amazon AMZN opened Monday up over 4 after announcing its new Amazon Store Card Credit Builder. Partnered with Synchrony Bank SYF, the card will be marketed to those with low credit scores who would have a hard time getting a standard credit card from major providers such as Visa V or American Express AXP.

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30 Greatest Threats to Your Retirement

Saving for retirement is difficult enough if all goes according to plan. However, individuals often encounter serious speed bumps on the road to retirement wealth. Although one of these issues on its own might not spell disaster, taken together, these obstacles can derail even the soundest retirement plans.

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Facebook’s Shady Bitcoin Killer Crypto ‘GlobalCoin’ Is Coming 2020

Facebook’s rumored cryptocurrency, codenamed ‘GlobalCoin’, is coming in 2020 according to the BBC. | Photo by Amy Osborne / AFP By CCN: Facebooks cryptocurrency ambitions could translate into reality as soon as next year.

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Peter Thiel and Li Ka-shing Have a Banking App for America’s Generation Z

(Bloomberg) — A German banking app backed by billionaires Peter Thiel and Li Ka-shing is trying to woo young consumers with free current accounts as it expands outside Europe.

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Consumer Banking Trends to Watch in 2019, According to This Software Analytics Firm

SINGAPORE (Dec 26): 2019 is set to be a year of significant progress for banks around the world, according to analytics software company FICO, formerly known as the Fair Isaac Corporation.

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6 Solid Reasons to Add Mastercard (MA) to Your Portfolio

Estimates for Mastercard Incorporated MA have been revised upward over the past 30 days, reflecting analysts’ optimism on the stock. The stock has seen the Zacks Consensus Estimate for 2018 and 2019 earnings move 0.2 and 0.1 north over the same time frame. Shares of this Zacks Rank 2 (Buy) company have rallied nearly 16.

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Apple Launches Apple Pay in Germany, Boosts Global Footprint

Apple AAPL recently rolled out its mobile payment service Apple Pay in Germany, four months after the official announcement. About 15 banks including Deutsche Bank are supported by the payment service and an additional nine banks are expected to be added in 2019.

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25% of ‘Affluent’ Millennials Hold Cryptocurrency

A full quarter of affluent American millennials are using or holding cryptocurrency. That’s among the findings in the Millennials with Money report from Edelman. The survey defines affluent millennials as aged 24-38, making $100,000 in individual or joint income, or having $50,000 in investable assets.

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American Express Wants to Get Digital

When the American Express Company (NYSE: AXP) reported its 2018 third-quarter earnings last month, investors had plenty of reason to cheer. Its largest top-line contributor, discount revenue, grew to 6.18 billion, an 8 increase year over year.

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Apple Pay Struggles to Meet Heady Expectations

A crew of Apple Pay ambassadors descended on several Chicago neighborhoods, including Lincoln Park, in advance of the city’s Oct. 7 marathon. “Activation zones for the iPhone makers electronic payments service were set up along the route for the race. Spectators using Apple Pay could get 1 tacos from local food trucks.

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