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Mastercard and Payrails Join Forces to Revolutionize Global Payment Flexibility for Large Enterprises
Mastercard has partnered with Payrails, a modular payment technology provider, to enhance digital payment solutions for large enterprises. This collaboration aims to deliver scalable and flexible payment options, leveraging Payrails’ expertise and Mastercard’s extensive network, allowing seamless integration with existing systems. Customers can transact using preferred payment methods, benefiting from secure transactions globally. Initially targeting the Eastern Europe, Middle East, and Africa (EEMEA) region, the partnership seeks to support high transaction volumes across markets. Executives from both companies emphasize the collaboration’s potential to improve transaction security, scalability, and set new industry standards in digital payments.
LSEG Expands APAC Footprint: Hiroki Tomiyasu Appointed as New Head of Post-Trade Operations
LSEG has appointed Hiroki Tomiyasu as the new Head of Post Trade for Japan and Head of Post Trade Solutions for the Asia-Pacific region, effective February 17, 2023. This strategic move aims to enhance LSEG’s operations in the rapidly evolving markets of Japan and APAC. Reporting to Rohit Verma and Andrew Williams, Tomiyasu brings extensive experience from his previous role as Managing Director at Morgan Stanley MUFG Securities and significant positions at the Development Bank of Japan. His advanced degrees in finance and management position him to drive innovation and growth in LSEG’s Post Trade services, underscoring the company’s commitment to the region.
Tractive and Lassie Join Forces: Revolutionizing Pet Care with GPS Tracking and Comprehensive Insurance
Tractive, a leader in GPS pet trackers, has partnered with Lassie, an innovative pet insurance provider, to enhance pet health monitoring and fitness. This collaboration combines Tractive’s real-time tracking and health alerts with Lassie’s preventive insurance features, addressing the demand for integrated pet care solutions. All Lassie customers will receive a complimentary Tractive GPS and health tracker, available through a subscription. Users can earn points for achieving activity goals, redeemable for discounts on Lassie insurance plans. Both CEOs emphasize the partnership’s aim to promote pet wellbeing through technology and preventive care, creating a comprehensive health management approach for pets.
Americans Lose $3 Billion to Impersonation Scams Despite Enhanced Protections
In 2024, Americans lost nearly $3 billion to impersonation scams, despite regulatory efforts to combat financial fraud. The Federal Trade Commission (FTC) reported significant losses from scams impersonating businesses and government officials. To address this, the FTC introduced the Government and Business Impersonation Rule in April 2023, prohibiting false representation and imposing fines up to $53,088 for violations. The FTC has taken action against five fraudulent firms and shut down 13 impersonating websites. Chris Mufarrige, FTC’s Director of Consumer Protection, emphasized the agency’s commitment to enforcing the rule and protecting consumers from these sophisticated scams.
TAINA Teams Up with Complere Consulting to Revolutionize Compliance in Emerging Markets
TAINA Technology has partnered with Complere Consulting to enhance compliance solutions across Africa, the Middle East, the Caribbean, and Latin America. This collaboration focuses on TAINA’s Customer Due Diligence (CDD) platform, which streamlines self-certification and IRS W-series form completion while ensuring secure authentication and compliance. Complere Consulting brings regulatory expertise in FATCA and CRS, aiming to integrate and enhance TAINA’s platform functionalities. The partnership seeks to redefine compliance standards by merging innovative technology with regulatory knowledge, offering clients unparalleled support and solutions worldwide. Leaders from both companies express enthusiasm about the potential impact of this alliance.