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- PayGround, a payments fintech specializing in health care, completed a $5.5-million funding round led by FCA Venture Partners and Lewis & Clark Ventures. The financing follows a $4-million seed round for PayGround last year.
- Chargebacks911 said its partnership with FIS Inc.’s Worldpay unit now includes Disputes Deflector, a set of chargeback and dispute avoidance tools.
- The payments fintech Rapyd will support in-app payments on the messaging app Viber, part of the Rakuten Inc. e-commerce and financial-service company.
- PayPal Holdings Inc. announced its Venmo Small Business Grant, a program that will offer $10,000 grants and counseling to some 20 Venmo Business Profile clients. Businesses must apply by Aug. 11, with recipients announced in September.
- Also, PayPal said it joined the newly formed Economic Opportunity Coalition, a White House-backed initiative to aid development in communities of color.
- ComplyAdvantage, a data firm specializing in investigation of financial crimes, published its new report, “Anti-Money Laundering (AML) Guide for Cross-Border Payments & Remittance.”
- Jim Magats, a long-time senior executive at PayPal, has been named chief executive of open-banking technology provider MX Technologies Inc., effective Aug. 17.
- Amy Andersen, most recently senior account manager in charge of payment experience at Amazon.com Inc., has joined CMSPI, a global payments advisory service.
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