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1 in 3 UK and 1 in 4 US Subscription Holders Notice Unrecognised Charges, New Research Reveals

The Fintech Times

million people) have noticed a subscription payment coming out of their bank account that they could not recognise or had forgotten, according to new research by online prepaid payment firm Recharge. “Prepaid payments products are one of the ways to do this, bringing a hard cap to spending with specific merchants or cards.

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Creditspring Reveals Affordable Credit Options Needed as 2 Million UK Adults Turn to Illegal Lenders

The Fintech Times

New research from lending firm, Creditspring has been published during Debt Awareness Week to shed light on the fact that two million UK adults have borrowed from illegal lenders in the last 12 months. Given that 15 per cent (7.6) Given that 15 per cent (7.6)

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RTP® and FedNow Transaction Limit Increases Fuel Instant Payments Surge

Fintech Finance

New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. 84% of US banks say the new $10 million RTP® limit boosts its attractiveness, and 84% believe raising FedNow’s $500,000 cap will have the same effect.

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Southeast Asia Shows Strong Interest in “Degen” Crypto Tokens

Fintech News

The Philippines has been uncovered to be the leading country in Southeast Asia showcasing overall interest in degen crypto and small cap cryptocurrency tokens, according to an extensive recent update from crypto resource platform CoinGecko. of global interest in smaller market capitalisation crypto on onchain DEX trackers.”

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With Capped Fees, Dining Aggregators May Face Tough Post-Covid Future 

PYMNTS

Several states have instituted caps on the fees that apps and platforms can charge on restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants. Last month, Chicago announced a 15 percent delivery cap on what third-party aggregators can charge restaurants.

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CRS Report: “Unclear Who Would Benefit” from Durbin-Marshall Credit Card Bill

Electronic Payments Coalition

The independent Congressional Research Service (CRS) released the latest in a string of reports questioning the benefits and raising the unintended consequences of the Durbin-Marshall credit card bill. The post CRS Report: “Unclear Who Would Benefit” from Durbin-Marshall Credit Card Bill appeared first on Electronic Payments Coalition.

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Alphabet Market Cap Hits $1T

PYMNTS

Apple was the first tech giant to see its market cap top $1 trillion. per share — a market cap of $964 billion. Pivotal Research Group Senior Analyst Michael Levine upgraded the stock to a buy rating. Google’s parent company Alphabet is the fourth U.S. Apple and Amazon hit the trillion-dollar mark in the summer of 2018.

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