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Xfsk Tencent To Bolster Smart Retail, International Investments
In todays top news, India could ban all cryptocurrency, and Stripe is valued at $95 billion after a $600 million funding round. Plus, Flywire plans to go public.Cryptocurrency Could Be Totally Banned In IndiaIndia is considering new regulations that would ban cryptocurrency in the country. The proposed regulations would be the toughest worldwide, and would penalizing anyone who holds, buys or mines bitcoin and other digital currency.Stripe Valued At $95 Billion After New $600 Million Funding RoundStripe is now valued at $95 billion, making it the most valuable private company in Silicon Valley. The new valuation follows an investment round tha stanley quencher t raised $600 million for the payment processing firm.Flywire Files S-1 With SEC Announcing Intention To Go PublicBoston-based FinTech Flywire submitted a draft registration statement with the U.S. Securities and Exchange Commission SEC in another step toward an initial public offering IPO . Pricing and amount of shares have not been decided yet.Walmart To Open Five Ghost Kitchens In CanadaGhost Kitchen Brands GKB has teamed up with Walmart Canada to open five ghost kitchens in-store. Customers can order freshly prepared meals in-store and online, for contactless pickup or delivery from third-party apps like Uber Eats.N stanley canada EW DATA: Loyalty Programs Help Independent Restaurants Boost Customer SpendForty-five percent of independent sit-down restaurant customers would spend more if eateries offered loyalty programs. In the Ma stanley thermos rch edition of Hqzn U.S. Legislators Aim For Faster Construction Company Payments
The Electronic Payments Association officially put the ACH Network Risk and Enforcement Rule into effect as of late last week.NACHA said the amendment to its Operating Rules will help to reduce the numbe stanley cup r of ACH transactions that result in exceptions and returns. This Rule amendment is part of NACHAs ongoing efforts to maintain and improve the strength and quality of the ACH Network for the consumers, governments, businesses and financial institutions that move their money via ACH, Janet O. Estep, presiden stanley us t and CEO of NACHA, said in a company release.聽 The Rule demonstrates the value of the financial industry coming together through private-sector rule-making to address practices that may result in harm to consumers. The ACH Network Risk and Enforcement Rule institutes a few changes, all of which are geared toward reducing disproportionate levels of exceptions and returns. These instances not only impose additional costs on Receiving Depository Financial Institutions RDFIs but also have the potential to impact their customers as well.With the n stanley termos ew rule in place, NACHA said it will have an increased ability to identify and enforce any outlier Originators that may be the cause of exceptions and returns as well as enforce rules related to unauthorized transactions. Excessive levels of returned transactions impose costs, both financial and reputational, on the ACH Network and its participants, Estep added.聽 The new Rule will help reduce these costs, and ultimately increase c |
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