Before the invention of money, the only way to trade goods was via barter. If you had a spare goat but wanted a big pile of wheat, you had to find someone in the reverse position. This would have been fine in a community where the […]

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Robert Lemos 2007-10-15
California Governor Arnold Schwarzenegger vetoed a bill on Saturday that would have prevented companies from retaining certain sensitive payment data and spelled out what information firms would need to disclose in the event of a breach.
The bill, identified as Assembly Bill 779, would have prohibited the storage of “payment verification codes, […]

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Mark Hendrickson
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Peer-to-peer lending service CircleLending has been taken under the wings of Richard Branson’s Virgin empire and rebranded as Virgin Money USA.
Virgin’s US investment firm recently bought a majority stake in the Waltham, Massachusetts company, which acts as an online middleman for friends and family who want to loan each other money. The […]

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Andrew Crowe Named as SVP to Meta Payment Systems Division
SIOUX FALLS, SD (September 21, 2007) Andrew Crowe has joined Meta Payment Systems as Senior Vice President of Product Development and Emerging Product Management.
Crowe has over 18 years of experience in the financial services industry, including credit, debit, and prepaid products. He holds a Bachelor […]

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By JULIA WERDIGIER

LONDON — The Virgin Group, which is controlled by Richard Branson is preparing a bid for Northern Rock, the troubled British bank, a person with direct knowledge of the proposal said today.
Virgin teamed with several British and international investment funds and financial institutions to hand in a proposal for Northern […]

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Dow Jones NewswiresWASHINGTON — The Federal Reserve’s top attorney told a Senate panel Thursday that Congress should prohibit commercial and retail firms from owning banks going forward because of competitiveness and safety issues for the U.S. banking system.
More than 50 companies own industrial loan companies, or ILCs, state-chartered banks that can be owned by a […]

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