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5 key trends for small business credit and debit cards in 2020

Payments Source

A strong economy in 2020 could lift the small-business card market, which is an important source of lending and payments for entrepreneurs and local merchants.

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Schwarzwald Capital Announces Strategic Investment in Vesta to Enhance Fraud Prevention in Digital Payments

Fintech Finance

Schwarzwald Capital , a leading venture capital firm focused on fintech and the creator economy, has announced a strategic investment in Vesta , a global leader in transaction guarantee solutions for online and other card-not-present transactions.

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ID2020: What’s Needed For Digital Identity In 2020

PYMNTS

We’re barely a quarter into 2020, and already it feels as if several lifetimes have been packed into just under three months. In commerce, knowing (and verifying) who’s on the other side of a transaction can mean the difference between a retailer making a sale to a loyal customer or a fraudster.

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Nium Verify Launched to Combat US$118.5 Billion Payment Failure Problem

Fintech News

With payment failures costing the global economy an estimated US$118.5 billion in 2020—often due to outdated, error-prone verification methods—Nium Verify offers a solution through direct integration with clearing systems and major banks within each country.

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Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

The Fintech Times

Following the collapse of Soviet control, Mongolia rapidly transitioned to a free-market economy by 1992, embracing economic reforms that opened the door to global trade and investment. Mongolia is currently classified as a lower-middle-income economy, with a gross domestic product (GDP) per capita exceeding $5,000.

Economy 115
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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. For eCommerce Amazon touched just north of 50 percent for Q1 2020 in eCommerce market share (51.2 percent in Q1 2020, but roughly even since 2016. For Q2 2020 Amazon took 9.0

Economy 118
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The Rise Of The Auto-Refill Economy

PYMNTS

And that’s the rise of the auto-refill economy. Reynolds reported that 26 percent of its customers in Q3 2020 use eCommerce to buy their products. P&G reported that eCommerce is now 10 percent of its business, growing globally by 35 percent in Q3 2020. General Mills reported that its U.S.

Economy 134