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Banks reject proposal by corporates to club 'fraud' A/Cs & 'wilful defaulters'

CFO News

Banks have come together to reject a proposal by corporate lobbies to club borrowers tagged as 'fraud' accounts with 'wilful defaulters'.

Banking 52
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Brexit Trade Deal Flop Could Mean $80 Billion Price Tag For Businesses

PYMNTS

New analyst estimates say the cost of Brexit without a negotiated trade deal will cost businesses on both sides of negotiations billions of dollars. According to news from The Independent on Monday (March 12), a “no-deal Brexit” would cost both U.K. from making trade deals with other countries, reports explained.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. but that is not involved in the deal with Paysafe, Bloomberg reported.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 Consolidation of this kind has been sweeping the financial technology sector as of late, with Intuit’s deal just the latest example. The deal lays bare the growing need for financial services groups to accumulate data. billion on Monday (Feb.

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Walgreens Adds To Digital 3.0 Momentum

PYMNTS

Two new projects have already been tagged for the initiative. The deal comes as the global pandemic has shut down gyms nationwide, leaving U.S. “This digital magic coupled with the valued knowledge and quality of care provided by our pharmacists and team members is what allows us to best serve our customers.”.

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NCR’s Cardtronics Bid – And The Rise Of Self-Service Banking At The ATM 

PYMNTS

To that end, and as reported, NCR is looking to buy Cardtronics , in a deal that takes place amid recent news that Apollo Global and Hudson Executive Capital, private equity firms, were also gunning for Cardtronics. Even cryptos – and post-pandemic, a quickening embrace of the ATM.

Banking 57
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Google: State-Backed Hackers Behind Coronavirus Phishing Attempts

PYMNTS

Each day, Google experts find more than 18 million new Gmail messages that use the virus as a springboard on which to offer supposed deals when, in reality, they contain malicious hacking attempts. Google’s Threat Analysis Group (TAG) said hackers had been targeting the World Health Organization (WHO), as revealed in early April by Reuters.