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Plaid FinTech Expands Into Three More European Countries

The FinTech unicorn Plaid has rolled out in three more European countries – Ireland, France and Spain – as part of an expansion initiative, CNBC reported on Thursday (Nov. 21). The Silicon-based startup, launched in 2013, uses a unified application programming interface (API) to link FinTech apps with people’s bank accounts. Plaid says it has […]

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Sluggish Sales Sink Macy’s Earnings

The mall has not been kind to Macy’s, or at least that was the takeaway from the retailer’s earnings report released earlier today (Nov. 21). As the numbers hit the wires, sluggish sales figures and stumbling same-store sales growth hit Macy’s figures with a one-two punch, and sent its stock price spiraling as regular trading […]

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Qualcomm 5G Plans Provide Fresh Signs Of Mobile Growth

As retailers and payment service providers look for what might be their best 5G edges, clarity is emerging about the pace of the global rollout of that new and faster mobile network technology. As Reuters reported this week (Nov. 19), Qualcomm, the largest suppler of mobile phone chips in the world, “expects global smartphone makers […]

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WeWork Begins Layoffs Of 20 Pct. Of Workforce

Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp its struggling business and cut costs, The New York Times reported on Thursday (Nov. 21). The downsizing follows major losses, a failed initial public offering (IPO) and the resignation of […]

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Verizon And Snap Partner Up On AR, 5G Content

Verizon has announced that it’s partnering with Snap Inc., the company that owns popular social media video platform Snapchat, to provide 5G content for users, including enhanced augmented reality (AR) experiences. The initiatives will take advantage of Verizon’s 5G Ultra Wideband tech to not only provide innovative AR products, but content and new ways for […]

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Top News In Payments: PayPal Agrees To Buy Honey; Aon Acquires Insurance Platform CoverWallet

In today’s top payments news, PayPal has agreed to acquire shopping discount and rewards platform Honey Science Corporation. Also, professional services company Aon has announced it will buy digital insurance platform CoverWallet. And a movie and a meal can now be booked through Duplex via Google Assistant. Google’s Duplex-Powered Assistant Offers Movie Ticket Purchases A […]

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US Faster Payments Council Expands With ACI Worldwide

Membership in the U.S. Faster Payments Council (FPC) is growing with the addition of ACI Worldwide, as the electronic payments and banking solution provider announced this week. The company is joining the FPC to support U.S. initiatives of innovating in faster payments capabilities and promoting adoption of real-time payments. ACI Worldwide noted it already has […]