Visa Inc., Mastercard Inc., merchant processor Stripe Inc. and online marketplace eBay Inc. said Friday afternoon they will not join the Facebook-backed Libra cryptocurrency project. The defections came a week after PayPal Holdings Inc. became the first of the Libra Association’s 28 tentative members to withdraw in the face of …
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Unattended-payments provider USA Technologies Inc. announced late Wednesday that it has filed overdue financial reports for its fiscal years 2019 and 2018 ended June 30, as well as several late quarterly reports. The company also restated financial data for some periods dating back to fiscal 2015. The new filings and …
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The London-based financial-services technology provider Finastra said Wednesday that it has agreed to offer blockchain technology from Ripple Labs Inc. for cross-border payments processed by its client institutions. In related news, more than 1,500 firms have inquired with the Libra Association about joining the group, the association said, in the …
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The Federal Bureau of Investigation recently notified cybersecurity companies about attacks that could defeat multifactor authentication systems protecting sensitive online personal and financial data, systems usually considered much stronger than two-factor authentication combinations such as user names and passwords. The FBI last month quietly sent a so-called private-industry notification (PIN)—a …
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Friday’s news that PayPal Holdings Inc. is bailing out of Facebook Inc.’s Libra cryptocurrency project underscores the importance of an upcoming meeting of the project’s backers in Geneva, Switzerland, observers say. It has also heightened speculation about whether the project is likely to lose more of the remaining 26 companies …
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In a bad week for cryptocurrency, a news report emerged late Thursday that PayPal Holdings Inc. skipped a key meeting of backers of Facebook Inc.’s Libra initiative. And, in the state of Ohio, officials on Wednesday suspended a pioneering site that accepted business taxes via Bitcoin. Twenty-seven of the 28 …
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A report Wednesday that at least some members of the consortium backing Facebook Inc.’s Libra cryptocurrency project—including Visa Inc. and Mastercard Inc.—are having second thoughts has drawn fire from the top Facebook executive in charge of the project. “The tone of some of this reporting suggests angst, etc….I can tell …
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Global Payments Inc. may be on the hook for more than $135 million following a jury verdict in a breach-of-contract lawsuit filed by an independent sales organization against the Atlanta-based processor. A jury in the Superior Court of DeKalb County in Georgia found that Global Payments breached parts of its …
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The New York attorney general is suing Dunkin’ Brands Group Inc. for allegedly violating the state’s data-breach notification act by failing to notify nearly 20,000 customers that their Dunkin’ accounts had been compromised in a series of brute force cyberattacks beginning in 2015. Hackers also gained unauthorized access to more than 300,000 accounts in …
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Tech behemoths Google, Amazon, and Apple, goliath retailers Walmart and Target, and PayPal, all support the Federal Reserve providing faster payments via its FedNow service, slated for introduction by 2024. Each of them, however, would howl in protest if Washington proposed competing with their business or helping would-be competitors. Fearing The Clearing …
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