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Klarna reported to Norway's Consumer Authority

/payments

Klarna reported to Norway's Consumer Authority

Norway's Consumer Council has referred Klarna to the country's Consumer Authority over an alleged failure to provide clear details about interest paid on its buy now, pay later products.

Australian Payments Plus to bring least-cost routing to online Cick to Pay transactions

/payments

Australian Payments Plus to bring least-cost routing to online Cick to Pay transactions

Australian Payments Plus (AP+) has selected Giesecke+Devrient (G+D) to develop eftpos Click to Pay with integrated least-cost routing (LCR), a project that is billed as a world first for online debit card payments.

Payroll data startup Teal raises £1.4 million

/payments

Payroll data startup Teal raises £1.4 million

Payroll data platform Teal has raised £1.4 million in pre-Seed funding led by Passion Capital.

Payments fintech Navro acquires first US licence

/payments

Payments fintech Navro acquires first US licence

Navro, the London-headquartered fintech that simplifies international payments for businesses, has secured its first US money transmitter licence.

Walmart's OnePay adds credit cards to financial services portfolio

/payments

Walmart's OnePay adds credit cards to financial services portfolio

Walmart's fintech unit OnePay is to add credit cards to its expanding portfolio of financial services.

Worldpay scores new business distribution channel with Santander UK

/payments

Worldpay scores new business distribution channel with Santander UK

Santander UK has joined forces with Worldpay to offer e-commerce and POS technology to its business banking and corporate clients.

JPMorgan opens Fintech Forward programme in the UK

/payments

JPMorgan opens Fintech Forward programme in the UK

JPMorgan has opened applications for a new fintech accelerater programme for startups and business founders in the UK.

Keeta, Solo partner on blockchain-native credit bureau

/payments

Keeta, Solo partner on blockchain-native credit bureau

Keeta Network, a high-performance blockchain that connects Web3 and traditional financial systems, aims to be a real-world tokenisation and financial interoperability frontrunner by working with Solo. Solo turns data into reusable, verified credentials, enabling banks, fintech firms and cryptocurrency platforms to make smarter, faster decisions, without compromising privacy.

Fiserv to acquire AIB Merchant Services

/payments

Fiserv to acquire AIB Merchant Services

Founded in 2007 as a joint venture between AIB and Fiserv, AIB Merchant Services (AIBMS) is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers, providing businesses with the ability to accept card payments from their customers.

LHV survey: Digital banks should pass savings from not operating physical branches to consumers

/payments

LHV survey: Digital banks should pass savings from not operating physical branches to consumers

As the cost-of-living crisis continues, new research from LHV Bank reveals that 46% of UK adults are struggling to save regularly, despite reported income increases for nearly a third of the population.

Meta taps Klarna for 'Play Now, Pay Later' headset offer

/payments

Meta taps Klarna for 'Play Now, Pay Later' headset offer

Meta has teamed up with BNPL firm Klarna to launch a 'Play Now, Pay Later' bundle for its mixed reality headsets in the UK.

Bank of England tests AI to spot real-time payment fraud

/payments

Bank of England tests AI to spot real-time payment fraud

A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.

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