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America: a nation living in the 20th Century

Chris Skinner

Finland stopped using checks in 1993, Poland in 2006 and the Netherlands from the start of next year. These days, in … The post America: a nation living in the 20th Century appeared first on Chris Skinner's blog. Although a valid payment mechanism in some countries, it has been phased out in many.

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Impact of Covid-19 Felt in the Shared National Credit Reviews Released by Bank Regulators

Perficient

” SNC (pronounced like the candy bar but without the “ers”) stands for the Shared National Credit Program, which, since 1977, has assessed risk in the largest and most complex credits shared by multiple regulated financial institutions. Total Outstanding.

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Turkey to be cashless by 2023

Chris Skinner

If nothing else, I love Turkey for their cheesy adverts: In this latest update BKM, the ACH for most of the retail banks, provides the story of Troy, the first and only national payments scheme of Turkey. Turkish banks launched the world’s first national digital wallet, BKM Express, as early as 2012.

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TCC Group Bids For Tesco’s Asia Stores

PYMNTS

Tesco Lotus now has approximately 2,000 store locations in operation in the nation. The British group has 74 locations in Malaysia, where it has operated since 2006. The news comes as Tesco has finished its exit from China with the $357 million sale of its joint venture portion to state-run partner China Resources Holdings (CRH).

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Sales Of Existing US Residences Hit Record High In 2020

PYMNTS

The National Association of Realtors® (NAR) said on Friday (Jan. 22) that existing-home sales increased in December, while home sales for last year reached their highest point since 2006, according to a press release. The median existing-home price for all kinds of dwellings in December was $309,800, marking a 12.9

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Three Small US Banks Collapse Over Past Month

PYMNTS

1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 Last year was the first time since 2006 that not one U.S. recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ).

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How Facebook Unfriends Ad Fraudsters

PYMNTS

Digital fraud is particularly threatening in Southeast Asia, despite the fact that the Association of Southeast Asian Nations’ (ASEAN) eCommerce market is projected to exceed $200 billion in value by 2025. This is the first year-over-year (YoY) decline in card fraud since AusPayNet first reported this statistic in 2006.

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