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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank

PYMNTS

We are in principle prepared to provide this support in the context of a continuation of business operations, if such assistance should become necessary,” Deutsche Bank told the newspaper. The move would be in collaboration with the Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator. “We

Houston 278
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PingPong To Enter Europe Via $113M Investment

PYMNTS

PingPong and Luxembourg’s relationship goes back to 2017, when the FinTech startup got a payments license in the region, which allowed it to operate between Chinese outfits and customers in Europe. Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.

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Minimum Wage or RoboChefs

PYMNTS

Orders are speeded up at the front-end of many eateries through the use of digital kiosks, tabletop tablets and mobile phones, but there has been little displacement of workers at the back-end of food service as a result of new technology, according to Reuters. As a result, most operators do not want to assume the investment risk.

Chicago 161
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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

PYMNTS

Launched in 2001, PayCore notes that more than a million POS terminals in Turkey operate with software developed and provided by the company. PayCore has been pushing to expand globally from its home base in Turkey, having acquired Mastercard Payment Transaction Services Turkey Bili?im im Hizmetleri A.?.,

Payments 141
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Barclays Corporate Banking Chief Resigns

PYMNTS

Barclays’ chairman of its corporate banking operations, Kevin Wall, will reportedly take Winter’s place as interim head of the unit. According to reports, Winter has been at the bank since 2001, previously serving at Deutsche Bank. and Germany-based credit card operations.

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Magaya Lands Funding For Supply Chain Software

PYMNTS

The company’s investments are focused mainly on the technology, healthcare and services businesses. In addition to their technology, the breadth of Magaya’s reach was particularly impressive, currently extended to over 1,600 customers of all sizes operating global shipping routes across more than 75 countries. “In

Software 100
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Solve This Problem with Your Strategic Horizon

South State Correspondent

In comparison, investments in new technology or new business lines pale in comparison to other strategic investments due to the time and effort it takes to get a business line off the ground. Demographics shift, products change and technology drives channel preferences. Today’s R&D investments are tomorrow’s businesses.