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Adyen’s Intelligent Payment Routing Cuts Costs by 26% and Boosts US Debit Payment Performance

Hey FinTech Fanatic, Adyen has just launched its AI-powered solution, Intelligent Payment Routing, for U.S. debit transactions, designed to enhance revenue while cutting costs. In a recent pilot with major merchants like eBay, Microsoft, and 24 Hour Fitness, Adyen achieved an average of 26% in cost savings and a

Klarna Criticized by FSA for Risk Assessment Failures

Klarna Criticized by FSA for Risk Assessment Failures

Hey FinTech Fanatic, Klarna Bank AB is facing criticism from the Swedish Financial Supervisory Authority (FSA) over alleged shortcomings in its anti-money laundering efforts. A preliminary assessment by the FSA indicates that Klarna may have violated several regulations outlined in the Money Laundering Act. Issues highlighted include deficiencies in risk

barq Partners with Mastercard to Elevate Digital Payments in Saudi Arabia

barq Partners with Mastercard to Elevate Digital Payments in Saudi Arabia

Hey, FinTech Fanatic! Saudi FinTech startup barq just made a power move by partnering with Mastercard to expand digital payment services across the Kingdom! By integrating Mastercard Gateway technology, barq is set to deliver faster, more secure payment solutions for merchants and consumers alike. This collaboration aligns with Saudi Arabia’

Blik + Revolut, a Game Changing Payment Expansion

Blik + Revolut, a Game Changing Payment Expansion

Hey FinTech Fanatic! Big news in the world of FinTech: Blik, the revolutionary Polish payment system, is teaming up with Revolut to expand its instant payment services beyond Poland! Blik, which has captured the hearts of over 16.5 million users in Poland since 2015, is known for its seamless

Massive £4 Billion Claim Against Mastercard and Visa Moves Forward

Massive £4 Billion Claim Against Mastercard and Visa Moves Forward

Hey FinTech Fanatic! Mastercard and Visa face a collective lawsuit in the UK over claims they overcharged businesses on multilateral interchange fees (MIFs), with claims exceeding £4 billion. The Competition Appeal Tribunal has approved the action, allowing businesses affected between June 2016 and June 2022 to seek compensation. Sectors such

Revolut is Rolling Out Dedicated Crypto Payment Cards

Revolut is Rolling Out Dedicated Crypto Payment Cards

Hey FinTech Fanatic! Revolut is rolling out dedicated crypto payment cards for spending on everyday items. Integrated with Apple Pay and Google Pay, the new virtual cards enable users to pay in person and online for shopping using crypto, from big budget items to everyday essentials, such as the daily

SEC Exposes Massive Fraud: Nigerian FinTech Chief Fined $250M

SEC Exposes Massive Fraud: Nigerian FinTech Chief Fined $250M

Hey FinTech Fanatic! A US federal court has imposed a $250 million fine on Nigerian FinTech entrepreneur Dozy Mmobuosi and his three US-based companies, barring him from holding any directorial position in public companies. This follows charges by the SEC, which accused Mmobuosi of orchestrating a massive fraud by inflating