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Sweden’s Klarna expands into U.S. payments market; names management team
Stockholm -- The U.S. payments market is getting a new player: Klarna, a Swedish e-commerce company focused on simplifying buying, plans to expand to the U.S. market in early 2015. The nine-year old company has an impressive track record in Europe that includes more than 25 million users and 45,000 retailers including Asos, Spotify and Zara.
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Home Depot puts breach costs at $62 million; 56 million cards at risk
Atlanta -- Home Depot Inc. confirmed that some 56 million payment cards were likely compromised in its five-month data breach, making it the largest known breach of a retail company’s computer network to date. By comparison, the widely publicized breach at Target last December affected 40 million credit and debit cards.