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...The fintech assault has so far succeeded at the start of that chain, helping merchants take payments more cheaply and easily....
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...the east by a long straight road....
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...Operating margins, at 57 per cent for Mastercard and 67 per cent for Visa, are among the highest in the S&P 500. Merchants have long complained that they pay too much in fees....
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...“Perhaps it was the ancient nightmare of the middleman-merchant that made them all so aloof and secretive”, wrote Dan Morgan in his 1979 book Merchants of Grain....
...Barnett also said the nature of central bank digital currencies under development by the European Central Bank, Bank of England and other authorities remained unclear....
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...“Taking a bite out of [payments company] Block is nothing, but taking a bite of Ingenico and Verifone is something, and taking a bite from Visa and PayPal is the long-term goal.”...
...need to think long and hard to place it – there was a palpable frisson of excitement....
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...During the 1980s, low interest rates and a stock market bubble fuelled a Japanese buying spree of trophy US assets like the Pebble Beach golf course, Columbia Records, Firestone Tire and InterContinental...
...EU trade policy certainly moves as slowly as a container ship waiting for a slot at Long Beach. The battery of unilateral defence instruments is working its way through the legislative process....
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...But the ultimate cause of the failure of SVB, beyond any doubt, was that under Becker’s leadership the bank foolishly matched uninsured deposits to long-term, low-yielding assets in a way no other bank would...
...helps merchants process payments....
...At Mythenquai, on the western side of the lake, a 250m-long beach gently slopes into the water, with a large park area behind, where visitors can barbecue, picnic and play games....
...Rocket Lab, the fast-growing launch start-up with offices across the road from Virgin Orbit’s headquarters in Long Beach, California, bought the company’s 140,000 sq ft rocket factory and equipment for $16.1mn...
...As one of the original PayPal founders, he has long sought to shake up the world of payments, and recently outlined plans to turn Twitter into a payments engine. Second, crypto....
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