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Today In Payments: Biden Expected To Name Michael Barr To Head OCC; Biden’s Treasury Pick Yellen Leary Of Crypto

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Plus, the chief of the CFPB stepped down at Biden’s request. Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden. Biden Asks Consumer Protection Chief Kraninger To Step Down. 20) at the request of U.S.

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Facebook Steps Up Social Commerce For SMBs

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The numbers are devastating,” Sheryl Sandberg, chief operating officer of Facebook Inc. Soon, sellers, brands and creators will be able to tag products from their Facebook Shop or catalog before going live and those products will be shown at the bottom of the video so people can easily tap to learn more and purchase.

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PayU Acquires Wibmo To Grow India Business

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The company is paying $70 million for the firm, which is based in Cupertino but primarily operates in India, according to reports. PayU Global Chief Financial Officer Aakash Moondhra said, according to the report, “This is a strategic acquisition for PayU that combines our merchant network and Wibmo’s leadership in digital security.”

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Former Heartland CEO Agrees To $250K SEC Fine

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To settle charges of insider trading, the ex-chief executive of Heartland Payment Systems Inc. The judge will also make the determination as to whether Carr is banned from being a public company’s director or officer. operations of Global Payments across small and mid-sized enterprises, bolstering its vertical reach and client base.

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UnitedHealth Earnings Show Healthcare At The Crossroads

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While earnings and operations at UnitedHealthcare were considerably set back when compared to the same time period last year, the company’s Optum division for healthcare services posted a profit margin of nearly 9 percent, compared with just under 1 percent at UnitedHealthcare. “We

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TRENDING: Robots And Humans Join Forces To Speed eCommerce, Together

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The solution, Azure Sphere, includes three elements: a new microcontroller unit chip, a customized Linux-based operating system and a turnkey cloud security service. You want to change your operations? Microsoft isn’t the only company upping its game. Israeli firm Armis recently raised $30 million in new funding.

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Moneycorp Goes After SMEs With Corporate FX Acquisition

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Reports Wednesday (May 10) said Moneycorp has agreed to acquire Commonwealth FX, though the companies did not disclose the price tag of the deal, but did say that it would finance it by paying 20 percent using cash on hand. million in value, according to reports.