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- Cornerstone Payment Systems announced the acquisition of Move Your Mountain, a crowd-funding platform. Terms were not disclosed.
- Digital cross-border payments provider Remitly Inc. launched Passbook by Remitly, a mobile app aimed at immigrants in the United States that features a no-fee account from Sunrise Banks N.A. and real-time transfers via Visa Inc.’s Visa Direct push-payments service. First-generation adult immigrants in the United States number some 44 million, according to Remitly.
- Mastercard Inc. left Facebook Inc.’s Libra cryptocurrency project in October over concerns about Facebook’s data integrity and perceptions that the company was backing away from financial inclusion, according to Mastercard chief executive Ajay Banga, as reported by the Financial Times.
- Klarna Bank AB, whose technology allows merchants to offer point-of-sale credit on purchases, said it is launching its new Klarna shopping app in Australia following a successful debut in the U.S. market. The mobile app, which Klarna offers directly to consumers, in October became the top trending shopping app on the Google Play Store, Klarna says, after reaching more than 500,000 downloads across all app stores two months after its May launch.
- Under a newly expanded branding agreement with TD Bank, ATM network operator Cardtronics plc said it will place the TD Bank logo on 80 of its ATMs in Rite Aid drug stores in the New York City boroughs of Brooklyn, Queens and the Bronx. The deal brings to nearly 1,200 the number of Cardtronics ATMs with the TD Bank brand in the United States and Canada.
- Chargebacks911 named Andy Tierney vice president of strategic accounts. Tierney formerly worked at Radial and CardinalCommerce.
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