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...It has also invested more than £10bn in Project Clover, it said, which is the name of its effort to transfer user data to secure sites in Europe for storage....
...Rivals such as Toast and Fiserv’s Clover have taken share with such offerings. Shares in Block have fallen 43 per cent since July....
...Merchant payments — led by Clover, a rival to Square previously owned by First Data and Carat — is now Fiserv’s fastest-growing division. Revenue from the unit rose 12.5 per cent last year to $7.3bn....
...Small and medium-sized businesses, which equal about half of Worldpay’s revenues according to Mizuho, defected to rival payment providers such as Square, Toast, Clover and Shopify....
...On Wednesday, the company said its European data security regime, known as Project Clover, will see it open two data centres in Dublin, and a third in Norway, to store videos, messages and personal information...
...TikTok recently unveiled its plans to protect user data in Europe, dubbed “Project Clover”....
...First Data has also found success under Fiserv ownership, with its Square-like Clover product and its Carat operating system....
...For Fiserv the addition of Clover — a rival to Square that was owned by First Data — gave it access to one of the biggest payments trends of the past few years: portable, branded point-of-sale terminals...
...TikTok has a similar plan in Europe, called “Project Clover”, to fence off data in three centres: two in Ireland and one in Norway....
...The combination gave Fiserv, historically a payments processor, an edge in payments technology because First Data had scooped up mobile payments start-up Clover in 2013....
...published by Nikkei Asia on January 18 2023. ©2023 Nikkei Inc....
...Not necessarily for someone who bought in at the peak and saw stocks like Clover Health fall 80 per cent. But certainly for us....
...India’s ban on Covid vaccine exports, manufacturing problems and delays in approving new vaccines such as those from Novavax and Clover contributed to the shortfall....
...such as Saputo are increasingly looking for distinctive, locally produced food to meet customer demand, said analysts, even as they remain minnows in comparison to bestsellers such as Country Life butter, Clover...
...On Tuesday he announced that his third blank cheque company, Social Capital Hedosophia III agreed to merge with Google-backed healthcare insurer Clover Health in a $3.7bn deal....
...In May, Dairy Crest, which also owns brands including Clover spreads, Country Life butters and Frylight oil, said that increasing demand for its cheese had prompted a planned expansion of its production...
...Transaction volumes on its tablet-based device — known as Clover — are now running at a $70bn annualised rate, the company said, up 45 per cent from a year ago....
Film censors allow plots that reflect Beijing’s more muscular foreign policy
Ride-hailing group aims to build and operate fleets of self-driving vehicles for hire
Ride-hailing company aims to use partnerships to boost vehicle-sharing services
Lawsuit against California start-up has echoes of dispute between Uber and Waymo
...“The most plausible explanation is a China Inc deal,” says a research note from Bernstein in Hong Kong....
Group exploits legal grey area to start trials as Beijing works to roll out national regulations
Beijing encouraged investment in the US film industry to influence perceptions but is now rethinking its Tinseltown ties
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