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Breaking News articles for November 2024

Jury awards $8 million to ISO snookered by unscrupulous lender

Friday, November 8, 2024

Score one for ISOs paralyzed by unscrupulous lenders. On Oct. 29, 2024, following a seven-week trial and nearly three years of litigation, a 12-person jury awarded $8 million to an ISO that was held "captive" by an unscrupulous lender.

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Visa chief pans DOJ on debit suit

Thursday, November 7, 2024

Visa CEO Ryan McInerney said the card giant is standing firm on its position in the debit marketplace, rejecting a Department of Justice lawsuit that it has created a monopoly in the debit card marketplace.

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Scams, check fraud continue to plague financial world

Tuesday, November 5, 2024

Financial services companies are facing unprecedented increases in fraud of all types. But perhaps most surprisingly, given the growth in payments digitization, is the growth being experienced with check fraud. A new study from Unit21 revealed that nearly a third of banks (30 percent) have seen dramatic increases in check fraud, on the order of 25 to 75 percent in the last 12 months.

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Holiday pay later plans entice millennials, parents, self-gifters

Monday, November 4, 2024

As holiday shopping ramps up, consumers are increasingly turning to pay later options for both gift purchases and self-gifting, according to new research by Splitit and PYMNTS. Their study, The Use of Card-linked Installment Plans in Holiday Shopping, revealed that 38 percent of consumers plan to use pay later options for treating themselves this holiday season.

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Quick takes: Things that caught our eye this week

Friday, November 1, 2024

This week, we're highlighting two sets of predictions for 2025, one from a technology research and consulting firm and another from a payments industry CEO; a new collaboration between long-time Chinese rivals; and a Chinese platform seeking to do business with U.S. retailers.

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