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Tag: Payments News

Has Elon Musk set his sights on the payments industry via Twitter acquisition?

Elon Musk has taken over as CEO of Twitter. There may be many reasons why the worlds nuttiest (richest) man paid $44 billion for...

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Banks are missing out on a customer payment data goldmine

Nets has launched a new product that helps banks which are currently struggling to collate and interpret customer payment data. Banks are missing out on payment...

56% of FCA regulated firms have not implemented critical Consumer Duty deadline

Businesses are in danger of failing to embrace the opportunity that the upcoming Consumer Duty regulation presents and may not be compliant due to...

Class action lawsuit served against Visa and Mastercard to contest interchange fees

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number...

Paym mobile payments service to close

Pay.UK and 15 of the UK’s banks and building societies have announce their decision that Paym, the mobile payments service, will close permanently to...

NCR board announces it will split into two separate entities

NCR has announced that its Board of directors has unanimously approved a plan to separate NCR into two independent publicly traded companies – one focused...

Citibank has lucky escape over $500 million transfer as Judge overturns ruling

Citibank has been told it is entitled to recoup $500 million that it accidentally wired Revlon, a US appeals court has announced. Citibank has lucky escape...

Nordic mobile wallets mega merger blocked by EC

Back in June 2021, Norwegian Vipps, Danish Mobilepay and Finnish Pivo announced that the three mobile wallets would merge. Nordic mobile wallets mega merger blocked Late...

BigCommerce expands crypto capabilities with BitPay and CoinPayments

BigCommerce expands crypto capabilities with BitPay and CoinPayments -...

Acquisitions market: Hits and Misses show FinTech slowing

Its a been a rocky few weeks of late as the bad news surrounding the global economy starts to hit home and this is...

Checkout.com launches Integrated Platforms to meet growing marketplace demands

Checkout.com launches Integrated Platforms to meet growing marketplace...

UK credit card and consumer borrowing rising at alarming rate

Credit card borrowing in the UK has grown at its fastest pace since 2005 in the 12 months to July, Bank of England data...

Citibank forced to shutter Russian operations after no buyer found

Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer...

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