Tom Nawrocki
Staff Writer at PaymentsJournal
Staff Writer at Javelin Strategy & Research
Russia is paying me $400,000 a month for these posts. I don't think it's worth it, but who am I to judge.
Articles
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3 days ago |
paymentsjournal.com | Tom Nawrocki
Xero, a New Zealand-based platform for small businesses, is making a major move into the U.S. market with plans to acquire Melio Limited, a bill pay platform that serves small and medium-sized businesses. The acquisition, valued at $2.5 billion, will be a mix of cash and equity. Melio currently serves 80,000 customers and processes more than $30 billion in payments annually.
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4 days ago |
paymentsjournal.com | Tom Nawrocki
For years, Walmart turned a blind eye to criminals who coerced victims into sending them wire transfers through its in-store money transfer services, according to the Federal Trade Commission. Walmart has now agreed to pay $10 million to settle the allegations. FTC’s investigation found that Walmart failed to implement basic anti-fraud safeguards, such as proper employee training and customer alerts.
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5 days ago |
paymentsjournal.com | Tom Nawrocki
After a year of research, FICO is introducing two new credit score models that incorporate buy now, pay later data in their calculations. FICO Score 10 BNPL and FICO Score 10 T BNPL will be available alongside the existing versions of the FICO Score at no additional cost, giving lenders the ability to evaluate the impact of BNPL data within their current evaluation processes.
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1 week ago |
paymentsjournal.com | Tom Nawrocki
As trade wars escalate globally, an African payment system is accelerating its efforts to enable businesses across the continent to conduct cross-border transactions in local currencies. The Pan-African Payments and Settlements System (PAPSS) allows companies in different African nations to trade without relying on the dollar.
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1 week ago |
paymentsjournal.com | Tom Nawrocki
As we stand at the gates of the world’s greatest generational wealth transfer, from the Baby Boomers down to their heirs and descendants, banks are positioning to capture those assets. This requires a long-term multigenerational strategy, one for which a bank must start sowing the seeds now so it can win later—perhaps much later.
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Watching a Mariners-Twins game from 1982, as one does, and so far they have gone to commercials with snippets of both "Time Out of Mind" and "Hey Nineteen." @baddantakes
RT @MartyMcKee: I don’t give much of a damn about Marvel movies, but this is a good book. More candid than I expected.
Three of my favorite websites - Bill James Online, Football Outsiders, and Baseball Think Factory - went kaput in 2023. Recommendations for replacements are welcome.
