Hong Kong-based virtual bank ZA Bank has introduced a new service allowing retail users to directly buy and sell Bitcoin and Ethereum with fiat currency.
The Financial Conduct Authority has imposed a GBP 40 million fine on Barclays for failing to disclose specific arrangements with Qatari entities during its 2008 capital-raising efforts.
TBC Bank Uzbekistan , a mobile-only bank, has announced that it obtained a USD 10 million loan from the European Bank for Reconstruction and Development ( EBRD ).
9Pay has partnered with the Maritime Commercial Joint Stock Bank (MSB) to scale opportunities in cross-border payments and optimise transactions for consumers.
Full stack payment processor Finix has introduced Advanced Fraud Monitoring, a capability powered by Sift , an AI-driven fraud prevention company, to increase transaction safety for businesses.
The FTC has started to send refunds to consumers harmed by Credit Bureau Center ’s fake rental property ads and deceptive promises of free credit reports.
The Aptos Foundation has announced plans to integrate Circle 's native USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) into the Aptos Network.
ACI Worldwide , a global provider of payments technology, has released its latest Scamscope report, showing that APP scam losses will reach USD 7.6 billion by 2028.
NICE Actimize has announced its partnership with TF Bank in order to elevate the latter’s financial crime prevention programme through AML and SaaS solutions.
US-based fintech company Jack Henry has announced that CommonWealth Central Credit Union selected its services to modernise its technology infrastructure and advance its growth.
The Bank for International Settlements (BIS) together with seven central banks has announced plans to join forces with the private sector to explore how tokenisation can enhance the functioning of... read more The post Project Agorá:...
TSG (The Strawhecker Group), an analytics and intelligence firm in the payments industry, has worked with payments companies to compile the industry’s most comprehensive resource on merchant acquirers. Collectively, the... read more The...
The havoc to crypto payrolls caused by Binance’s decision to stop supporting the BUSD token shows how quickly a decision by one actor can upset an entire ecosystem. As Central... read more The post CBDCs – Central Banks losing heart?...
Just weeks after reaching a landmark $30 billion settlement on interchange fees designed to provide relief to retail businesses, Mastercard appears to be planning to increase certain credit card fees... read more The post Mastercard...
Yesterday we reported on the efficacy of the UKs Confirmation of Payee (CoP) program reaching 2 billion check. Now EBA CLEARING has announced it will provide its CoP service at... read more The post Pan-European Confirmation of Payee...
In the past manual reconciliation processes have sufficed but placing heavy reliance on such can lead to inefficiency. Currently, 84% of UK and US payment firms rely heavily on manual... read more The post Persistent challenges: the...
Pay.UK, the operator of the UK’s national retail payments system, announced that Confirmation of Payee (CoP), has reached 2 billion checks. This is a significant milestone and the volume of... read more The post Confirmation of Payee...
ACI Worldwide has revealed striking new data proving instant payments will boost the financial prospects of young adults in the EU. New research from the Centre for Economics and Business... read more The post Instant payments...
BANCOMAT and Nexi have signed a contract for the creation of a new centralised technological infrastructure that will allow BANCOMAT to autonomously manage and optimise the offer of innovative and... read more The post BANCOMAT and Nexi...
Ant Group, along with 11 overseas payment partners of Alipay+ and major international card organizations, is set to launch a nationwide program to build International Consumer Friendly Zones across major Chinese... read more The post...
Starting next month, ridesharing users in a dozen cities can opt in for a $50 an hour ride, Uber Technologies Inc. announced on Friday (May 29). Following a pilot program in Australia, Africa, Europe and the Middle East, this new feature...
After reports that eCommerce delivery platforms are allowing consumers to “tip bait,” four U.S. senators are asking the Federal Trade Commission (FTC) to look at “potentially unfair and misleading” tipping practices on Instacart as well...
In today’s top news, Mastercard introduces Recovery Insights tools, Google is mulling a purchase of a share of Vodafone India, and British digital bank Starling has raised $49 million in funding. Mastercard Debuts COVID-Recovery Data...
Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC reported. The Nordic country reported its gross domestic product (GDP), a...
Most every state in the U.S. this week is starting to walk the road to recovery. Mandatory stay-at-home orders are easing and businesses are beginning to reopen, albeit in very different ways than at the start of the year. As Deluxe CEO...
After officially shutting its doors in mid-March and furloughing staff, Disney World is planning its comeback. The park has officially scheduled a grand reopening for July. Disney officials plan a phased reopening that will see the...
Self-service retail tools have gained momentum over the last week, as SMBs look to make the digital shift a consistent part of their business. Facebook, Instagram and Shopify’s social selling tools have been met with a positive...
The digital shift has come to Nordstrom, and not a moment too soon. The department store chain earned a respectable first quarter as announced Thursday (May 28) through a mix of shrewd inventory management, financial reorganization and...
As shoppers stocked up on products in bulk amid the pandemic, Costco’s same-store sales increased 4.8 percent for the period concluding on May 10. The warehouse club’s online shopping sales, however, surged 64.5 percent compared to the...