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Latest Results from /payments

/payments

Adyen shares soar on more realistic growth targets

Shares in Adyen jumped 35% on Thursday on news that the payment processor has lowered its growth targets for the next three years, providing investors with more clarity over its medium-term future.

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TrueLayer brings open banking payments to Shopify

Following its reccent integration with Stripe, TrueLayer's new A2A payments app has nowgone live in the Shopify App Store, allowing UK and EU merchants to add open banking payments to their checkout.

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Payments app Cardeo shuts down

UK credit card management app Cardeo is closing its doors after failing to find fresh investment to keep the firm afloat.

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Visa launches AI advisory practice

Visa has launched an advisory practice to help clients unlock the potential of artificial intelligence.

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Ripple and Onafriq offer digit asset-enabled payments between Africa and rest of the world

Ripple has joined forces with Onafriq (previously called MFS Africa) to power digital asset-enabled cross-border payments between Africa and a host of other countries.

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How stable are stablecoins? Not very says the BIS

Not a single stablecoin monitored by the Bank for International Settlements has succeeded in maintaining parity with its currency peg, leading to uncomfortable questions about the their utility in the real economy.

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FTC bars Chargebacks911 from working with certain high-risk clients

The Federal Trade Commission and the State of Florida have reached a settlement with Chargebacks911 that prohibits the “chargeback mitigation” firm from working with certain high-risk clients and using deceptive tactics to stop consumers trying to dispute charges.

/payments

EU agrees game-changing deal for instant payments

The European Council and European Parliament have struck a provisional agreement on the mandatory provision of instant credit transfers in euros and access to central bank payment rails by non-bank e-money institutions and stablecoin issuers.

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Goldman Sachs bids to offload GM credit card

Goldman Sachs is preparing to sell off its General Motors credit card programme as part of its wider retreat from the retail market, according to the Wall Street Journal.

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Banks look to fintechs to stave off threat from Big Tech

Nearly half of all banks are looking to buy majority stakes in fintechs to fend off the threat from Big Tech companies muscling into the payments arena, according to an Economist Impact report.

/payments

CFPB proposes oversight of Big Tech digital wallets

The Consumer Financial Protection Bureau (CFPB) wants to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.

/payments

Due raises $3.3m for blockchain-based cross-border payments

Blockchain-based international payments startup Due has raised $3.3 million in seed funding.