News 

Michael Vick makes final payment on debt from bankruptcy deal

“Michael Vick has made his final payment to creditors stemming from when he filed for bankruptcy in 2008” reports sportingnews.com. According to ESPN, with his $1.5 million payment made Thursday to creditors, Vick has now paid back $17.4 million of the $17.6 million he owed.Vick filed for Chapter 11 bankruptcy back in 2008, which gave him the option of paying back all the money he owed.Had he decided to file Chapter 7 bankruptcy he would have had all of his debt erased. Source: sportingnews.com Share This:

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Crypto News Stocks 

Square shares rise after Evercore ISI says bitcoin test is innovative, upgrades stock

“After news of Square’s bitcoin testing broke on Wednesday, it bounced back from a 30 percent slide last weekend” writes Thomas Franck for cnbc.com. Evercore ISI upgraded shares of Square on Thursday, citing the company’s new lineup of payment technology and rapid revenue growth.Square’s bitcoin testing adds to the company’s innovative reputation and could spell earnings success down the road, according to one Wall Street analyst.In last week’s impressive earnings report, Square launched Square Register, its first all-in-one point-of-sale hardware.”However, in the mid-term Square’s early-stage, bitcoin pilot program remains immaterial…

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News Platforms 

India Central Bank Clears Infibeam For B2B Payments Launch

“The company is collaborating with the Federal Bank to implement a B2B payments infrastructure aimed at streamlining B2B logistics payments, reports said at the time” reports pymnts.com. In another B2B payments initiative for the country, last year 4TiGo expanded in the market to tackle fragmented B2B payments in the logistics space.India’s central bank, the Royal Bank of India (RBI), has cleared the way for eCommerce company Infibeam to launch a B2B payments service, according to news from Inc42.Infibeam is looking to integrate B2B payments capabilities into its existing CCAvenue payments platform…

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News 

Chrome River Brings Invoice Approvals To The Smartphone

“Corporate expense management firm Chrome River is enhancing its invoice B2B payment capabilities, the company said Tuesday (Nov. 14)” reports pymnts.com. Chrome River upgraded its INVOICE solution to support mobile management of invoices, enabling professionals to access the invoice processing capabilities of the tool from smartphones and tablets without the need for a separate mobile app. This time last year, Chrome River announced a partnership with Amadeus to provide its corporate travel and expense management capabilities to Amadeus’ customers to streamline businesses’ ability to book corporate travel and make B2B…

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Crypto News 

MasterCard Files Patent for Blockchain-Based Payment System

“According to a CoinDesk report, electronic payments company MasterCard is exploring the adoption of blockchain into its payments network” reports financemagnates.com. In any case, MasterCard is certainly pursuing the integration of blockchain technology more aggressively than really any other electronic payments company. Source: financemagnates.com Share This:

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News 

Lazada experienced ‘explosive growth’ in Southeast Asian sales on Singles Day

“In a separate statement, online payment platform Alipay said it processed a record-breaking 256,000 payment transactions per second at its peak within the first 10 minutes of the Singles Day or Double 11 sales” writes Sujin Thomas for businessinsider.sg. That works out to be an “explosive growth” of 191% over the same period last year, said a statement from Lazada, which operates in Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines. Source: businessinsider.sg Share This:

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Crypto News 

Pundi X ICO backed by angel investors including NEM President and OmiseGo investor

“About Pundi X Pundi X is a blockchain startup that aims to make cryptocurrency an enabler of ubiquitous cashless payment environments across South East Asia and beyond” reports newsbtc.com. Pundi X aims to solve the last mile challenge for access to reliable and trusted financial services for the next billion by enabling wide cryptocurrency adoption thanks to their POS smart device.Pundi X POS enables shops, cafes and convenience stores to sell cryptocurrency to a broad cross section of consumers and builds on the success of Pundi-Pundi which is one of…

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News Oil 

There’s a big oil story flying under the radar

“But there’s another big oil story flying under the radar that should not be overlooked: Venezuela is creeping closer towards a formal default” writes Elena Holodny for businessinsider.com. Rising tensions between Saudi Arabia and Iran, as well as the kingdom’s weekend crackdown, have drawn the attention of oil watchers.And last week, President Nicolas Maduro announced Venezuela is aiming to restructure future debt payments, raising questions about the state’s and its oil company’s ability to make the remaining payments in 2017 and 2018. Venezuela has been in a deteriorating economic and political crisis, plagued by economic mismanagement, a chronic balance…

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News 

UK Watchdog Proposes Compensation Plan For Victims Of Push Payment Fraud

“The U.K. Payments System Regulator (PSR) is taking steps to address the 100 payment scams hitting consumers and businesses every day” reports pymnts.com. According to the watchdog, individuals lose an average of nearly $4,000, while businesses hit by the scam lose seven-fold, an average of more than $28,000 per scam.Reimbursement would also only be available after a review found the victim could not have “reasonably” prevented the fraudulent payment, which will also likely be difficult to define.Analysts noted an estimated 19,000 push payment scams were carried out in the first…

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News 

Square Inc posts smaller loss as transaction volumes grow

“(Reuters) – Payments company Square Inc (SQ.N) posted better-than-expected third-quarter results and raised its full-year profit and revenue forecasts, as a growing number of larger merchants used its technology to process transactions” writes Anna Irrera for reuters.com. It had earlier expected an adjusted profit of 21-23 cents per share and revenue of $2.14 billion to $2.16 billion.The company, co-founded and led by Twitter Inc (TWTR.N) Chief Executive Jack Dorsey, now expects full-year adjusted profit of 24-25 cents per share and revenues of $2.18 billion to $2.19 billion. Analysts on average…

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