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REPORTING

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PAYMENTS CORRESPONDENT

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ILLUSTRATION · FINTECHLY EDITORIAL · APR 2026

KEY TAKEAWAYS

01

Two pricing memos suggest a separate, higher take-rate for AI-agent-initiated transactions.
02

A small group of large platforms have been quietly briefed; pilots begin in Q3.
03

Schemes argue agent traffic carries new fraud and dispute risk - and want to be paid for it.

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REPORTING NOTE

Two memos seen first-hand. Six independent sources across both networks, three large acquirers and one payments-platform CEO. Visa and Mastercard declined to comment on specifics.

HOW FINTECHLY REPORTS →

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THE LEDGER · FRIDAYS

The week the rails moved.

Fintechly’s weekly letter. What actually shipped, what got repriced, and what the industry will react to next.

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ABOUT THE CORRESPONDENT

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Payments Correspondent, Fintechly

Covers card networks, acquirers, and the regulatory framing of consumer payment rails. Based in London.

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THE LEDGER · FINTECHLY’S WEEKLY LETTER · FRIDAYS

The week the rails moved — in one Friday email.

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