Commuters In India Will Soon Need Only One Transport Payment Card
Commuters In India Will Soon Need Only One Transport Payment Card
January 16, 2020  |  Payment Methods

Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that...

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Far Point Acquisition Merges With Global Blue In $2.6B Deal
Far Point Acquisition Merges With Global Blue In $2.6B Deal
January 16, 2020  |  Partnerships / Acquisitions

Virginia-based FinTech firm Far Point closed a $2.6 billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue, earning it a listing on...

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Global Blue Acquisition Capitalizes On Consumer X-Border Spend
Global Blue Acquisition Capitalizes On Consumer X-Border Spend
January 16, 2020  |  Acquiring

New day, new multi-billion-dollar deal within the payments space. To that end, Far Point Acquisition – which operates as a “blank check” company that focuses...

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Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers
Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered...
January 16, 2020  |  News

In today’s top payments news, Apple buys artificial intelligence (AI) firm Xnor for $200 million, a panel in New York City is seeking a $500...

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Dozens Of US Firms Had Same Security Flaw As Travelex
Dozens Of US Firms Had Same Security Flaw As Travelex
January 16, 2020  |  Security & Fraud

The vulnerability that allowed Travelex to be attacked by hackers has existed at many other companies and institutions in the U.S., according to a report...

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Ant Financial Looks To Resurrect Stalled IPO
Ant Financial Looks To Resurrect Stalled IPO
January 16, 2020  |  IPO

China’s Ant Financial is in discussions with banks to resurrect plans for an initial public offering (IPO) that was shelved over a year ago, the Financial...

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WeWork’s Lease Volume Dries Up After Botched IPO
WeWork’s Lease Volume Dries Up After Botched IPO
January 16, 2020  |  Investments

Shared workspace and real estate company WeWork only signed four new leases in Q4, a drop of 93 percent in leasing activity, after its failed...

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Does Hipmunk’s Demise Signal Larger Changes In Travel?
Does Hipmunk’s Demise Signal Larger Changes In Travel?
January 16, 2020  |  Travel Payments

As the travel industry shifts into higher digital gear, and increasingly responds to the needs and desires of new consumer groups — millennials and Gen...

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India Unimpressed By Amazon’s $1B Infusion
India Unimpressed By Amazon’s $1B Infusion
January 16, 2020  |  Amazon

During a visit to India by Amazon CEO Jeff Bezos and following the announcement of a $1 billion investment, the country’s trade minister Piyush Goyal...

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