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Banking Circle Expands Global Footprint by Entering Into a Definitive Agreement to Acquire Australian Settlements Limited (‘ASL’)

Fintech Finance

(Banking Circle), a Luxembourg licenced bank and a leading international provider of next-generation banking services, has announced today that it has entered into an agreement to acquire a 100% stake in Australian Settlements Limited (ASL), subject to satisfaction of certain closing conditions including regulatory approvals.

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Norway Joins TIPS, Adding Norwegian Krone to Eurosystem’s Instant Payment Service

Fintech Finance

The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) service. Norway is the first non-European Union country of the European Economic Area to join one of the Eurosystem’s TARGET Services.

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Dojo Signs New Agreement with American Express to Simplify Payment Processes for Small Businesses

Fintech Finance

The strategic agreement will help Dojo’s small business customers accept American Express payments seamlessly with one unified contract, which offers a smoother experience featuring a consolidated statement for transaction reconciliation, a unified settlement process, a streamlined onboarding journey, and a single point of contact for servicing.

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Visa CEO ‘strongly’ disagrees with class settlement ruling

Payments Dive

The card network giant expects the parties to negotiate a new settlement following a judge’s rejection of an agreement reached earlier this year, but its CEO notes that could happen after a trial begins.

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Uber Seeks Driver Lawsuit Settlement Before IPO

PYMNTS

According to a report in TechCrunch , citing law firm Lichten & Liss-Riordan, Uber has as part of the settlement tentatively offered to pay 11 cents for each mile Uber drivers drove. With the settlement, drivers who accept it must release all claims lodged against Uber related to misclassification of employees.

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Visa, Mastercard, Banks Agree To $5.54-$6.24B Settlement In Card Fee Lawsuit

PYMNTS

In a settlement that has been given preliminary approval by a federal court in New York, Visa and Mastercard, along with bank defendants, have agreed to provide roughly $6.24 billion in settlement funds. The Court has now given preliminary approval to this settlement.” 7 to determine if the proposed settlement is approved.

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Colo. 'true lender' settlement is path forward for bank-fintech partnerships

Payments Source

The agreement between Colorado authorities, marketplace lenders and banks offers a way to structure partnerships without triggering the wrath of state regulators.