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PayPal Launches Cashback Credit Card

Bank Innovation

The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. exclusively for PayPal members in a effort to increase usage in online and physical stores. The card offers 2% cash back on all purchases, with […].

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PayPal Sells Consumer Loans to Long-Time Partner Synchrony Financial

Bank Innovation

Synchrony Bank has been PayPal’s banking partner since 2004. Yesterday, the San Jose, Calif-based PayPal said it agreed to sell $5.8 billion in consumer credit receivables to Stamford, Conn-based Synchrony Bank, a unit of Synchrony Financial. In addition to selling its credit […].

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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent. The price of an individual taxi medallion sold at an auction skyrocketed 240 percent from 2004 to 2014, from $283,300 to $965,000.

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Reserve Bank of India Says It’s Exploring Possibility Of Digital Rupee

PYMNTS

In addition, the RBI might try to expand adoption of crypto by targeting people born between 1982 and 2004, which has been considered “the generation which is most responsive to technology and digital age,” according to the report. According to Cointelegraph there has been a 12.5 percent and 4.5

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Alibaba’s Ant Group Produces Preparatory Regulatory Filing For Intended IPO

PYMNTS

The firm runs online payment service Alipay that was introduced in 2004 and has reportedly grown into the biggest payment and lifestyle platform in the world. It was previously noted that the firm is aiming to increase its valuation to over $200 billion by selling from 5 percent to 10 percent of its shares in the offering.

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Chinese Tycoon Jack Ma Delivers Speech In First Public Appearance Since Ant IPO Pulled

PYMNTS

He then created Alipay in 2004. Following Ant’s halted IPO, millions of investors pulled out of five mutual funds, draining $3 billion. Alibaba Group, which billionaire Jack Ma founded in 1999, owns about one-third of Ant, a spinoff company.

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So many new banks – how many can succeed?

Chris Skinner

that moved to the UK in 2004 with the acquisition of Abbey Banco Sabadell’s acquisition of Lloyds spin-off TSB the soon-to-launch RBS spin off William & Glyn Vernon Hill’s Metro … I am surprised how many new start-up banks there are in Britain. My list so far includes physical distribution players such as: Santander (a challenger?)

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