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Latest Results from /payments

/payments

Visa and Mastercard face another UK class action suit over card fees

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

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Trump expected to sign stablecoin regulation Genius Act into law

This week, the US House of Representatives also passed the Clarity Act and Anti-CBDC Surveillance State Act.

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FCA sets out BNPL oversight proposals

The UK's Financial Conduct Authority has provided details of its plans to bolster protections for buy now, pay later borrowers from next year.

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OpenAI tests in-chat payment checkout system

OpenAI is planning to integrate a payment checkout system into ChatGPT in a bid to boost revenues, according to the Financial Times.

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Wise shares fall after Q1 earnings miss analysts' forecast

UK fintech Wise is counting the cost of falling short of analysts' expectations after its latest quarterly results triggered a sharp fall in its share price despite a solid financial performance that saw most metrics increase.

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Activist investor builds stake in Global Payments

Global Payments shares rose on Wednesday after media reports that activist investor Elliott Management has built up a stake in the fintech.

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UniCredit taps Wise Platform for cross-border retail payments service

Italian bank UniCredit has partnered Wise to develop an international payment service for retail customers.

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Government vows to make UK 'fintech capital of the world'

The UK government is promising bespoke support for financial technology firms as they start, scale and list as it vows to make the country the "fintech capital of the world".

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BofE sets out model for delivering National Payments Vision

The UK is overhauling its approach to retail payments infrastructure, with a greater role for the Bank of England and the creation of a new industry-led delivery company to work alongside Pay.UK.

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Rydoo buys accounts payable automation specialist Semine

Expense management provider Rydoo has acquired AI-powered accounts payable automation technology provider Semine. Financial terms were not disclosed.

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JP Morgan to charge fintechs for customer data

Fintechs wanting access to banks' customers' data may have to pay for the privilege, according to a report from Bloomberg on US bank JP Morgan.

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Lloyds Bank in talks to acquire Curve - Sky News

The UK's largest high street bank is reportedly in talks to buy digital wallet provider Curve.