The Federal Deposit Insurance Corporation (FDIC) has ordered Discover Bank to return more than $1.2 billion to merchants that were overcharged on swipe fees and pay a $150 million civil money penalty.

Project Promissa, a collaboration between the Bank for International Settlements' Innovation Hub, the Swiss National Bank, and the World Bank, has demonstrated that paper-based promissory notes ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Money Money operates a specialised financing engine ...

Governor Kelly Ayotte signed House Bill 302 into law, paving the way for NH'S Treasury to allocate up to 5% of public funds ...

After aggressively pursuing an AI-driven workforce reduction strategy, Klarna says it is "evolving" the strategy and hiring ...

Already available in in the UK, Austria, France, Italy, the Netherlands and Spain, the push into the US is set to further cement the American market as Klarna's biggest revenue earner. Shoppers ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Texas-based US District Judge Mark Pittman granted a joint ...

Through the integration, financial institutions (FIs) on the Temenos platform will benefit from a faster go-to-market in accessing the Standard Chartered’s extensive currencies offering ...

Alexander Mashinsky, the former CEO of crypto firm Celsius Network, has been sentenced to 12 years in prison for commodities ...

Finland, Sweden, Norway, Denmark and Estonia are developing an offline card payment systems to avoid outages if online ...

German neobank N26 is following in the footsteps of Revolut by entering the telecommunications market with the introduction ...

The round brings the application security platform and cybersecurity company's total funding to $94 million. Led by DTCP with ...