Category: Payments
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PayPal launches a new solution for SMEs in the UK
PayPal has announced the launch of a new solution designed specifically for Small and Medium-sized Enterprises (SMEs) in the UK. The solution aims to help SMEs streamline their payment processes and grow their businesses. Key Features of the New Solution Fast and Secure Payments: The new solution from PayPal ensures that SMEs can receive payments…
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$1.95B Apple fine is eye-catching, but EU faces tough road collecting
In a significant move, the European Union has fined tech giant Apple a record-breaking $1.95 billion for anti-competitive practices. While this fine is eye-catching, the EU now faces a tough road ahead when it comes to collecting the money. The fine was imposed by the European Commission after it found that Apple had violated antitrust…
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CFPB imposes $8 credit card late fee rate
CFPB Imposes $8 Credit Card Late Fee Rate The Consumer Financial Protection Bureau (CFPB) has announced a new rule that will limit the amount credit card companies can charge for late fees. Under the new regulation, credit card companies will not be allowed to charge more than $8 for a late fee. This move comes…
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J.P. Morgan becomes principal member of Cartes Bancaires CB
J.P. Morgan has announced that it has become a principal member of Cartes Bancaires CB, the French interbank network for payment cards. This move solidifies J.P. Morgan’s presence in the European payments landscape and opens up new opportunities for the company in the French market. Cartes Bancaires CB is one of the largest payment networks…
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RBI to launch interoperable payment system for internet banking
The Reserve Bank of India (RBI) has announced plans to launch an interoperable payment system for internet banking, aimed at enhancing the digital payment infrastructure in the country. The move is part of RBI’s efforts to promote a more efficient, secure, and inclusive payment ecosystem. The new payment system will allow customers to make online…
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Fiserv lines up FedNow clients
Fiserv, a leading provider of financial technology solutions, has recently announced a number of financial institutions that have signed on to use their services for the upcoming FedNow instant payment platform. The Federal Reserve’s FedNow Service is set to launch in 2023 and will allow for real-time payments to be made between financial institutions 24/7,…
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EU fine challenges Apple’s payments business
Recently, the European Union fined tech giant Apple €1.1 billion for antitrust violations related to its App Store monopoly. This significant fine is expected to have far-reaching implications for Apple’s payments business and may lead to changes in how the company conducts its operations. One of the key issues in the EU’s case against Apple…
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Zelle transactions jumped 28% last year to $806B
According to recent reports, Zelle transactions saw a significant increase of 28% last year, reaching a total of $806 billion. This surge in transactions highlights the growing popularity and adoption of digital payment platforms. Zelle, a peer-to-peer payment service that allows users to send and receive money quickly and easily through their banking app, has…
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TrueNorth partners with Brim Financial
TrueNorth, a leading provider of financial services, has announced a new partnership with Brim Financial, a fintech company known for its innovative credit card solutions. This new partnership will allow TrueNorth to offer its customers access to a wider range of financial products and services, while also expanding Brim Financial’s reach in the marketplace. Benefits…
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Hecto Financial launches MAMS
Hecto Financial, a leading financial services company, has announced the launch of their new investment platform, MAMS (Multi-Asset Management System). MAMS is a cutting-edge platform that allows investors to easily manage their investment portfolios across multiple asset classes, including stocks, bonds, and commodities. With MAMS, investors can access real-time market data, make trades, and track…
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Mastercard, Fiserv execs take sides on debit regulation
In the world of finance, regulations play a crucial role in shaping the way businesses operate and consumers interact with financial products. One such regulation that has been a topic of debate among industry executives is the regulation of debit card fees. Recently, executives from Mastercard and Fiserv, two major players in the payments industry,…
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Cash App enforcement action expected this year
Recent reports suggest that a potential enforcement action against Cash App may be coming this year. The popular mobile payment app has come under scrutiny in recent months for various issues, including security concerns and alleged violations of consumer protection laws. The Consumer Financial Protection Bureau (CFPB) and other regulatory agencies have been monitoring Cash…
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WLPayments partners with Payplug
WLPayments, a leading payment processing company, has announced a new partnership with Payplug, a fintech company specializing in online payment solutions. This partnership aims to provide customers with a seamless and secure payment experience. Benefits of the Partnership Increased Payment Options: Customers will now have access to a wider range of payment methods, including credit…
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Flipkart partners with Axis Bank
Flipkart, India’s leading e-commerce platform, has announced a strategic partnership with Axis Bank, one of the country’s largest private sector banks. This partnership aims to provide customers with a seamless and secure payment experience while shopping online. Benefits of the Partnership Customers can now enjoy exclusive offers and discounts when using their Axis Bank credit…
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Acquired.com partners with Unitas Wholesale
Exciting news in the business world as Acquired.com announces a new partnership with Unitas Wholesale, a leading wholesale buying group. This collaboration is set to bring exciting opportunities for both companies and their customers. Read on to find out more! About Acquired.com Acquired.com is a fast-growing fintech company specializing in online payment solutions for businesses…
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Microsoft launches AI-powered Copilot for Finance
Microsoft has announced the launch of its new AI-powered Copilot for Finance tool, designed to revolutionize the way finance professionals work. This innovative new tool uses artificial intelligence to help streamline financial processes, increase efficiency, and improve decision-making. The Copilot for Finance tool is designed to assist finance professionals in a variety of tasks, including…
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Viva.com activates Cartes Bancaires on Tap to Pay on iPhone in France
Good news for iPhone users in France! Viva.com has announced the activation of Cartes Bancaires on Tap to Pay, making it easier and more convenient for users to make purchases using their iPhones. With this new feature, iPhone users can securely add their Cartes Bancaires to their device and make contactless payments at participating merchants.…
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Softpay integrates BankAxept
Softpay, a leading provider of payment solutions, has announced the integration of BankAxept into its platform. BankAxept is a widely used payment system in Norway, known for its secure and efficient transactions. This integration will allow Softpay’s customers to accept BankAxept payments seamlessly, providing a convenient and reliable payment option for consumers in Norway. With…
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Affirm preps for UK launch
After achieving success in the US market, Affirm, the popular consumer finance company, is gearing up for its launch in the United Kingdom. This move comes as part of the company’s plans for global expansion and bringing its ‘buy now, pay later’ services to a wider audience. Affirm’s entry into the UK market is expected…
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CFPB puts credit card comparison sites on notice
The Consumer Financial Protection Bureau (CFPB) has issued a warning to credit card comparison sites, urging them to improve transparency and accuracy in their listings. Many consumers rely on these sites to find the best credit card offers, but the CFPB has raised concerns about the potential for misinformation and hidden fees. In a recent…