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    MUFG INVESTS IN POS FINANCING PLATFORM CHARGEAFTER

    Jun 10, 2020

    US multi-lender Point-of-Sale financing platform ChargeAfter has secured an investment from the venture capital arm of Japanese financial services giant MUFG. The size of the investment from MUFG Innovation Partners has not been disclosed but comes as part of a wider partnership with ChargeAfter des...

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    FACEBOOK PRACTICES TO TRAIN AI IN CHATBOTS TO BE LIKE HUMANS

    Jun 08, 2020

    Facebook has launched a new way to train artificial intelligence (AI) in chatbots.Facebook revealed 13,000 human to human conversations across two retail spaces, furniture and fashion, were used as data for the training.The research follows Facebook’s detailing of the AI systems behind its sho...


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    DOORDASH STOREFRONT WILL HELP EATERIES CREATE THEIR OWN ONLINE ORDERING SITES

    May 29, 2020

    To let eateries create their own websites for ordering so they won’t need to pay marketing fees, DoorDash will reportedly announce a new service on Thursday (May 28). Chief Operating Officer Christopher Payne said restaurants will not need to pay most charges for the DoorDash Storefront offeri...

    PYMNTS
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    SOFI POWERS SAMSUNG PAY MOBILE BANKING SERVICES

    May 28, 2020

    To help users manage everyday finances, Samsung Electronics America, Inc. has announced a new mobile-focused money management experience called Samsung Money by SoFi. The technology company said the account is secure and offers rewards for those who save, with “higher interest relative to the ...

    PYMNTS
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    WALMART MONEYCARD ADDS 2% HIGH YIELD SAVINGS ACCOUNT, FREE CASH DEPOSITS AND FAMILY ACCOUNTS

    May 27, 2020

    Walmart (NYSE:WMT), together with Green Dot (NYSE:GDOT), today announced updated features and benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard, issued by Green Dot Bank, member FDIC, will now provide accountholders with a 2% annual percentage yield on money sav...

    BUSINESS WIRE)
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    XERO PARTNERS WITH TRANSFERWISE TO HELP SMBS WITH CASH FLOW

    May 26, 2020

    New Zealand cloud accounting startup Xero​, is collaborating with British payments startup Transferwise to offer a wider suite of financial tools to help small-and-medium-sized businesses (SMBs) navigate cash flow post-pandemic. “We know small businesses around the world are facing an uncertai...

    PYMNTS
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    EBAY CLASSIFIEDS ATTRACTS INTEREST FROM AXEL SPRINGER

    May 25, 2020

    A new suitor has emerged for eBay Inc.’s classified advertising business, the Financial Times reported. Axel Springer, the German-based digital publishing house that is backed by KKR & Co., a global investment firm with offices in New York, has submitted an initial bid for the eBay divisio...

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    SHOPIFY BALANCE TO HELP MERCHANTS KEEP TRACK OF FINANCIAL HEALTH

    May 21, 2020

    Shopify Balance promises to close the gap by providing merchants with a one-stop-shop where they can see cash flow, pay bills, track expenses.The company also unveiled a Shopify Balance Card that will provide merchants with access to their money faster when spending in-store.Shopify also announced W...


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    FACEBOOK STARTS ONLINE SHOPS TO ENCOURAGE ONLINE BUSINESS DURING COVID-19

    May 20, 2020

    Facebook announced the launch of Shops, a way for businesses to set up free storefronts on Facebook and Instagram.The launch of Shops comes as stay-at-home orders related to the COVID-19 pandemic have led to record sales for e-commerce companies.Shops can be found on businesses’ Facebook pages...


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    MASTERCARD TAKES PROTECTIVE STEPS TO PREVENT FRAUDS AT GAS PUMPS

    May 19, 2020

    Mastercard has announced a series of consumer protections aimed at protecting customers from fraud at fuel stations.Banks that issue Mastercard will receive data on high-risk transactions to prevent fraud before it occurs.For owners who experience high fraud, Mastercard will provide additional detai...


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    WALMART MERGES GROCERY, SHOPPING APPS

    May 14, 2020

    Say goodbye to one Walmart app.In a few weeks, the world’s largest retailer will phase out its standalone grocery app.In a Q&A sent to customers, the Arkansas-based chain explained that the grocery app is not going away – it’s simply being integrated with Walmart’s origin...

    PYMNTS
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    APPLE GIVES SHOP-FROM HOME EXPERIENCE WITH NEW ECOMMERCE PORTAL

    May 12, 2020

    Apple is introducing a new hub to streamline the shop-from-home experience.The new portal offers an enhanced user experience (UX) that enables people to chat with tech specialists and learn more about contactless delivery options.The hub also allows people to trade in their iPhones to upgrade to a n...


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