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/payments

Computop calls on retailers to join EPI pilot trials

EU payment gateway Computop is calling on merchants to join pilot trials of the bank-backed European Payments Initiative's wero wallet scheme.

/payments

US judge rejects $30bn interchange fee settlement

A US judge has rejected a $30 billion settlement between Visa, Mastercard and retailers over credit card interchange fees.

/startups

Augmentum Fintech invests in LoopFX

Augmentum Fintech has made a £2.6 million investment in London-based peer-to-peer FX trading platform LoopFX.

/identity

Digital IDs from Lloyds, Yoti and the Post Office gain proof of age accreditation

Three digital ID apps from Yoti, Lloyds Bank and the Post Office have been accredited by the UK’s national Proof of Age Standards Scheme (Pass).

/startups

BaaS startup Connect Money raises $8 million

Egyptian Banking-as-a-Service startup Connect Money has closed an $8 million seed funding round led by Disruptech Ventures and Algebra Ventures.

/startups

Chift raises seed funding to help SaaS companies build integrations

Chift, a Belgian startup that helps SaaS companies integrate with other financial applications and tools via APIs, has raised €2.3 million in seed funding.

/wholesale

Funding Circle sells US business

Small business lender Funding Circle has reached an agreement with iBusiness Funding for the sale of its US operations in a £33 million all-cash deal.

/startups

MiddleGame Ventures raises new fintech fund

MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has raised a new fund targeting early-stage investments in Europe.

/payments

Fed launches ScamClassifier model

The Federal Reserve has developed a tool, called the ScamClassifier model, to help the payments industry improve scam reporting, detection and mitigation.

/payments

Klarna sells Checkout business

Klarna is selling its online checkout business to a consortium of investors for around €485 million in order to remove the conflict of interest it created with partners such as Adyen and Stripe.

/retail

Chase is the first bank in all lower 48 US states, what next?

Andrea Principe, managing director – Northeast division director – consumer banking, Chase, took to the stage at Future Branches in Boston to explore how while the banking industry faces challenges in sustaining core deposits, deepening customer trust, and building relationships, it is important to learn from failures, reengage with customers, and provide exceptional in-person experiences.

/payments

Samsung Next invests in Curve

The venture arm of electronics giant Samsung has made a strategic investment in all-in-one card app Curve.