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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. He will be succeeded by Mastercard’s Chief Product Officer Michael Miebach, who first joined the company in 2010 as president of the Middle East and Africa. .

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in the e-mail announcement, according to reports. In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The company operates in 25 countries and employs more than 1,500 people. s break from the European Union, N26 ended operations there. .

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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. The number is the highest since 2010’s 44 percent, the index says. The number of small U.S. companies not turning a profit has reached an unfortunate historic high due to the coronavirus pandemic, the Financial Times reports.

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Last Major US Video Rental Chain Is Closing All Brick-And-Mortar Stores

PYMNTS

on its brick-and-mortar operation. Family Video , which operates some 200 stores in 17 Midwest and Southern states, announced this week that it’s closing all physical locations after four decades in the business. Industry leader Blockbuster Video went from a peak of more than 9,000 stores in 2004 to filing for bankruptcy in 2010.

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Stripe, a $23 Billion Startup, Reckons With Waning Globalization

Bank Innovation

In 2010, when Patrick Collison founded Stripe Inc. with his younger brother John, he thought the world was headed toward ever-increasing globalization, economic stability and international commerce. Now, based on the events of the last couple years, no one holds “so Panglossian a view,” said the 30-year-old chief executive officer.

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Marqeta Teams With Goldman Sachs To Power Marcus Checking

PYMNTS

Silicon Valley’s Marqeta is a card-issuing platform that offers infrastructure and tools for building and operating payment solutions. “Marcus will take advantage of our platform’s open APIs and webhooks, as well as our first-rate developer experience, built to help power future-forward banking experiences,” the blog post indicated.

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