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Additional measures include prohibiting trading incentives and credit card payments, demanding a thorough assessment of customers’ risk awareness and net worth, and restricting financing or leverage offerings. These entities comprise 11 Major Payment Institution licensees and two Standard Payment Institution licensees.
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I write about finance and technology. The payment was by Computershare, a global transfer agent, from Bank of New York Mellon (BNY) to another financial institution. Vendors are working with their client banks to help them avoid disintermediation, but she hasn’t seen a lot of vendors meeting their growth goals.
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