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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. We can and must do better.

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Mastercard’s Playbook On Fighting Online Fraud’s Big Surge

PYMNTS

In some cases, hit hard by the economic devastation of the pandemic, they may not have enough money in the proverbial till to issue a refund. Issuers may be eying the coming chargeback and dispute storm, but right now, said Quevedo, they’re concentrating on prioritizing claims processing. The Issuer Side Of The Equation.

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The Dark Side Of India’s New eCommerce Rules

PYMNTS

The most recent, and perhaps most telling, hints of nationalism-as-economic-policy came a few days ago, when a Hindu nationalist group described by Straits Times as being “close” to Modi’s government said that India should not push back those deadlines. Might the comments from the U.S. The jousting between China and the U.S.

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Toronto’s Rising Digital Star

PYMNTS

In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take a look at Canada’s “economic powerhouse” and explore why Toronto may just be the next great tech startup creator. Toronto has one of the largest concentrations of financial services in the Americas. million as of 2016. The city’s GDP tops $304 billion.

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SWIFT Logs Gains In Average Daily Message Volume

PYMNTS

This has given rise to certain questions, which range largely around concerns of concentration, need for competition, and the resultant impact on economic efficiency and financial stability,” the bank said. Among the dominant players: UPI, IMPS and others.

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Transcript: Joel Tillinghast, Fidelity

Barry Ritholtz

If you’ve got a undifferentiated, crappy retailer and you’re saying it’s going to have $5 of free cash flow in five years, and you’ve got Visa, MasterCard, most of the magnificent seven, and you say that’s $5, they’re not the same. Low price stock has historically had some very large concentrated positions.

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Bitcoin: 10 Years Of Smoke And Mirrors

PYMNTS

Ten years after Visa and Mastercard launched, they had each licensed their tech to thousands of banks that had cards in the hands of millions of consumers, who were using them to buy things at millions of merchants. Ten years after PayPal launched, it was operating in 190 countries and had 60 million users.