Reuters

German Watchdog Investigates Payments Company Wirecard

German Watchdog Investigates Payments Company Wirecard

FRANKFURT (Reuters) – Germany’s financial watchdog BaFin said on Tuesday it was conducting multiple investigations into Wirecard (WDIG.DE), sending its shares lower and adding to pressure over allegations it has denied. At 1309 GMT, Wirecard’s shares were 3.3% lower, making them the biggest faller on the German blue-chip index.

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Exclusive: Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

Exclusive: Mexican Startup Credijusto Raises $100 Million, Seeks to Boost Loans Amid Coronavirus

MEXICO CITY (Reuters) – Mexican fintech startup Credijusto has raised $100 million in debt from Credit Suisse Group, a move that will help it extend more loans to small and mid-sized businesses as banks gauge how to respond to the impact of coronavirus, its joint CEO said.

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UK Regulators Crack Down on Bank IT Outages

UK Regulators Crack Down on Bank IT Outages

Regulators made proposals on Thursday to strengthen the ability of banks and payment firms in Britain to recover from disruptions to services within set timeframes. FILE PHOTO: Workers are seen in the City of London, near the Royal Exchange and Bank of England, London, Britain, December 2, 2019.

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Big Tech Executives Headed to Capitol Hill for Antitrust Hearing Next Week

Big Tech Executives Headed to Capitol Hill for Antitrust Hearing Next Week

FILE PHOTO: The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files. REUTERS/File Photos WASHINGTON (Reuters) – Executives from Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Alphabet’s Google (GOOGL.

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Twitter Chief Jack Dorsey Helps UK Refugee Entrepreneurs Take Payments

Twitter Chief Jack Dorsey Helps UK Refugee Entrepreneurs Take Payments

LONDON (Reuters) – Square, the payments company co-founded by Twitter chief executive Jack Dorsey, has launched an initiative to enable refugee entrepreneurs to accept card and mobile payments, to help get their businesses off the ground.

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High Court Deals Apple a Sharp Setback

High Court Deals Apple a Sharp Setback

in a major legal setback for apple the US Supreme Court on Monday gave the green light for a sweeping anti trust lawsuit against the tech giant to move ahead apple shares fell about five percent after the High Court in a five four ruling upheld the lower court’s decision allowing the class action suit […]

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Worried a Recession Is Coming, U.S. Online Lenders Reduce Risk

Worried a Recession Is Coming, U.S. Online Lenders Reduce Risk

NEW YORK (Reuters) – U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn.

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U.S. Firm FIS Buys Worldpay for $35 Billion in Payments Deal Bonanza

U.S. Firm FIS Buys Worldpay for $35 Billion in Payments Deal Bonanza

(Reuters) – Fidelity National Information Services Inc (FIS) agreed to buy Worldpay for about 35 billion on Monday, with the U.S. financial services provider striking the biggest deal to date in the fast-growing electronic payments industry.

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Fintechs Could Help Mexicans Abroad Send Money Home More Cheaply:…

Fintechs Could Help Mexicans Abroad Send Money Home More Cheaply:…

MEXICO CITY (Reuters) – Mexico’s new government is trying to slash the cost of sending cash home for Mexican families living abroad and is hoping competition from fintechs will encourage banks and services like Western Union to reduce commissions and improve exchange rates.

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Singapore Police Raid Wirecard Office Following FT Reports

Singapore Police Raid Wirecard Office Following FT Reports

FRANKFURT/SINGAPORE (Reuters) – Singapore police raided the premises of German payments company Wirecard in the city state on Friday following a series of investigative reports in the Financial Times alleging fraud and creative accounting.

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Ecosystem Must Evolve to Make Euro Instant Payments a Success

Ecosystem Must Evolve to Make Euro Instant Payments a Success

Real-time euro payments are already here – but there’s wider work to do to serve corporate needs. By Thomas Egner, Secretary General, Euro Banking Association Speed, as any racing driver will tell you, is not necessarily synonymous with success. A racing car, for example, is a masterpiece of technology.

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Visa, Mastercard Offer Tourist Card Fee Cut in EU Antitrust Probe

Visa, Mastercard Offer Tourist Card Fee Cut in EU Antitrust Probe

Visa and Mastercard have offered to trim the fees merchants pay on card payments by tourists in the European Union in an attempt to stave off possible fines after a long-running antitrust investigation, people familiar with the matter said.

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