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Puerto Rico Falls Prey To $4M Online Fraud

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An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. Agencies affected include the Puerto Rico Industrial Development Co. and the Puerto Rico Tourism Co. The finance director at the Puerto Rico Industrial Development Co.

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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold

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In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.

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Off The Continent And Into Puerto Rico For Online SMB Lending

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In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. Verticals within the SMB realm that may be receptive to online lending, he said, include manufacturing and retail.

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Why Cash Is King In Puerto Rico

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Cash is king—and that is particularly true when it comes to helping victims of Hurricane Maria in Puerto Rico. Meanwhile, the Center for International Disaster Information provided 55 ways people can turn their goods into cash to send to Puerto Rico, including hosting a garage sale. million from 22,803 people.

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MoneyGram Extends Relationship With Walmart

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Puerto Rico and on its digital platform at walmart.moneygram.com. In July, the company reported that its online transaction volume grew 106 percent year over year during the second quarter, as the firm capitalized on a digital transformation that began long before the pandemic. . million in revenue. Total revenue was $279.8

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No Candy: Godiva To Close US Stores

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retail presence in recent decades, is reversing course and closing all its North American brick-and-mortar locations, according to numerous online news sources citing a company statement. They are in 31 states and Puerto Rico. Godiva, the maker of high-end chocolates that significantly expanded its U.S.

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Adult Sneakers Drive Shoe Carnival’s Record Q3 Sales

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Mark Worden, president and chief customer officer, told SGB Media that the move to online shopping amid the pandemic helped boost the bottom line, with ads pulled from TV and print and moved to digital channels. . and Puerto Rico, the shoe retailer is planning four new locations. Gross profit increased $3.0