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#paytech

5 posts · Last used Jul 31

Alex Jimenez @AlexJimenez@mas.to
· 3mo ago
Block to pay $45M to states for fraud on Cash App Block allegedly falsely advertised "advanced fraud detection" and secure account protocols when predatory scams were permitted to proliferate. https://www.americanbanker.com/news/block-to-pay-45m-to-states-for-fraud-on-cash-app #FinTech #FinServ #Banking #Payments #PayTech
americanbanker.com

Block to pay $45M to states for fraud on Cash App

A settlement with 46 states resolves allegations that Block's Cash App engaged in deceptive marketing and failed to maintain legally mandated fraud protections. The deal also requires Block to honor an agreement with the Consumer Financial Protection Bureau made in the final days of the Biden…

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Alex Jimenez @AlexJimenez@mas.to
· 6mo ago
Western Union launches its own #Stablecoin Western Union has officially released its #USDPT stablecoin on Solana through a partnership with Anchorage Digital Bank. https://www.americanbanker.com/news/western-union-launches-its-own-stablecoin #FinTech #FinServ #Banking #Payments #PayTech
americanbanker.com

Western Union launches its own stablecoin

The company is officially releasing a digital asset product that it first announced back in October.

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Alex Jimenez @AlexJimenez@mas.to
· 6mo ago
Adyen to buy German loyalty platform in first-ever acquisition Adyen has entered into a definitive agreement to buy Berlin-based loyalty and incentive platform Talon.One for 750 million euro ($879 million). https://www.americanbanker.com/payments/news/adyen-to-buy-talon-one-in-first-ever-acquisition #FinTech #FinServ #Banking #Payments #PayTech
americanbanker.com

Adyen to buy German loyalty platform in first-ever acquisition

The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.

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