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Latest Results from /retail

/retail

Fed working group suggests scams information sharing network

A Federal Reserve-backed working group has recommended that the US payments industry set up an independent information exchange framework to provide a single source for scam intelligence across payment rails.

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XRP soars as SEC drops Ripple case

Ripple's XRP token has surged 10% after the firm declared victory in its four-year legal tussle with the Securities and Exchange Commission

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Santander to shut almost a quarter of UK branch network

Santander is set to reduce its UK branch network by nearly a quarter, shutting 95 branches and putting 750 jobs at risk

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Fiserv acquires CCV to boost growth across Europe

Fiserv has acquired CCV, a 67-year old provider of payment services in the Netherlands, Belgium and Germany, to boost growth of its Clover payment terminal across Europe.

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Temenos to recruit 200 technology staff for new innovation hub in Florida

Temenos is to recruit 200 technology and product development staff for a new innovation hub in Florida.

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Mena Banking-as-a-Service player NymCard raises $33 million

Abu Dhabi-based banking-as-a-Service vendor NymCard has secured $33 million in a Series B funding round.

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Revolut staffs up and carries out testing ahead of UK banking switch

Having finally secured its UK banking licence, Revolut is hiring staff and testing its systems as it aims to move millions of customers to its new bank entity this summer.

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Cash App integrates with Afterpay for BNPL at the checkout

Cash App has joined with Afterpay to offer buy now, pay later services at online merchants.

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Burbank goes live with online tap and PIN payments

A Welsh fintech startup has developed a novel way to combat card-not-present fraud - by migrating offline tap and pin payments to the e-commerce realm.

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Robinhood rolls out prediction markets contracts

Robinhood has rolled out an in-app 'Predictions Hub', enabling customers to bet on the outcomes of world events.

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Klarna officially releases IPO prospectus; snags Walmart OnePay business

Swedish BNPL giant Klarna has formally applied with the Securities and Exchange Commission to list its ordinary shares on the New York Stock Exchange under the symbol 'KLAR'.

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MUFG uses photons to curb IT outages

NTT DATA and MUFG Bank have successfully tested technology that could prevent future IT outages: migrating live banking systems between data centres up to 100 km apart with less than one second of downtime.