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Latest Results from /payments

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CFPB takes on non-sufficient fund fees

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.

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Klarna CEO says US IPO could come 'quite soon'

It is "very likely" that Klarna will launch a stock market listing in the US "quite soon", according to CEO Sebastian Siemiatkowski.

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Scams to drive complaints to UK's Financial Ombudsman Service

The UK's Financial Ombudsman Service is expecting more than 181,000 consumer complaints in the next year, driven in part by an increase in financial fraud and scams.

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Citi unveils browser extension to help shoppers find online offers

Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.

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Brex axes 20% of staff

Corporate spend management giant Brex has laid off 282 people (20% of its workforce) and revealed that its COO and CTO are leaving their roles.

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Qatar's Karty raises $2m for digital wallet

Qatari digital wallet startup Karty is gearing up for launch after securing more than US$2 million in seed funding.

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Crédit Agricole acquires minority stake in Worldline

Crédit Agricole has acquired a seven percent stake in payments processing partner Worldline.

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Apple offers to open up NFC payments access to settle EU antitrust probe

Apple has moved to head off European Commission antitrust charges by offering third-party providers access to the NFC chip technology that enables iPhone users to make contactless payments.

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Wise accuses high street banks of hidden exchange rate fees

For GBP to EUR, Wise reports that HSBC has the highest fee for exchange rates (3.7%), followed by Lloyds at 3.6%, Barclays at 2.75%, and NatWest, TSB and Santander all at 2.5%.

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SumUp releases suite of new product features

Global fintech SumUp has announced its array of new product features to support small businesses at the company’s annual event.

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Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

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Payroll credit fintech Kashable raises $25.6 million

Kashable, a finech platform that offers credit to employees through a company's payroll system, has bagged $25.6 million in a Series B capital raise.