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Aruba’s Banks Switch To Instant Payments

All of the banks in Aruba have switched to instant payments (IP) through the use of the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), according to a release. The scheme was implemented through equensWorldline, a subsidiary of Worldline, a payments and transactional services company. The new payment structure is […]

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InDebted Notches $14M To Use Machine Learning In Debt Collection

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital and MassMutual Ventures Southeast Asia, with participation from Reinventure. “Our Series A is a testament to the amazing work our team puts in every day to deliver on our mission […]

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Finablr Exploring Options After Stock Rout Due To NMC

Finablr, which owns a number of currency-exchange businesses, including Travelex, is weighing its options after its stock took a hit due to association with health operator NMC Health, according to a report by Bloomberg. The company is considering a few moves, including bringing in new investors. Execs of Finablr will meet in the next few […]

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Turning Retail Solutions To Crisis Mitigation

At this point, the COVID-19 virus has gone global, with a foothold on every continent but Australia, an increasing caseload and, most disturbingly, a mortality rate that has officially been upgraded by the Centers for Disease Control (CDC) from around 2 percent to 3.4 percent. According to Director-General of the World Health Organization (WHO) Dr. […]

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COVID Stocking Issues Put Focus On Supply Chain Innovation

If there’s a positive development from the disruptive effect the COVID-19 virus has had on retailing, it’s a renewed focus on technology and the supply chain. Retailers are suddenly aware that goods don’t arrive by magic. And they’re aware that vulnerabilities in technology can be a competitive disadvantage. See Target’s earnings announcement earlier this week […]

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Afterpay Partners With Marqeta For US Growth

Payments unicorn Marqeta is partnering with buy now, pay later (BNPL) platform Afterpay to help advance its U.S. presence and support new products, Marqeta announced on Thursday (March 5). Afterpay allows merchants to give shoppers a way to pay for purchases in four installments over a short period of time. There are no fees for customers […]

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Ongoing Coronavirus Crisis May Cost Air Industry Over $100B

The drop in travel due to coronavirus fears could end up costing the airline industry more than $113 billion in revenue this year, which is four times more than a prediction for losses two weeks ago, according to a report by the Financial Times.  The International Air Transport Association (IATA) said Thursday (March 5) the […]

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Equifax Partners With CreditLadder On Rent Data Inclusion

Credit reporting agency Equifax is partnering with U.K. rent reporting platform CreditLadder in a move to include rental payment data in Equifax credit assessments, IBS Intelligence reported on Thursday (March 5).  The collaboration will help CreditLadder’s customers pay their rent on time and obtain better credit rates. “The inclusion of rental data in credit assessments […]