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Once it's published, use of the new code “is eventually left up to the users in the industry,” an ISO spokesperson said
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The payments processor plans to spin off its merchant business, which will reclaim its Worldpay name, and appointed its former CEO, Charles Drucker, to lead the unit
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Like the company's $1 billion sale of its Netspend consumer unit, the divestiture reflects efforts to refine its portfolio, said Global Payments CEO Jeff Sloan
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The retailer and one-time parent of PayPal cited economic uncertainty in cutting jobs to invest in new technologies and innovation
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