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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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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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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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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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Branches more important than apps?

Chris Skinner

Since 2010, 19 new retail and commercial banking licenses have been issued, with at least eight more pending as at January 2017. The regulator has tried to encourage more competition in the sector by implying the process to launch a new bank, a challenger bank. We’re happy being customers’ second bank.

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Report: FinCEN Files Reveal Billions In Suspicious Money Flows

PYMNTS

Among the scams highlighted include HSBC in Hong Kong, which allowed a $15 million Ponzi scheme to move its money even after the business was being barred from operating in three states. Since 2010, prosecution has been delayed by 18 banks for anti-money laundering, according to BuzzFeed.

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UK’s Metro Bank To Buy P2P Lender RateSetter For At Least $3.27M

PYMNTS

Metro Bank will operate RateSetter as an independent entity and make loans under both its and Metro Bank brands. RateSetter, founded in 2010, said it is “the U.K.’s Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release.

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