09/14/2023
Debit and Credit Cards Remain King as UK Finance Reveals UK Payment Preferences
As a result, businesses accounted for 82 per cent of the total value of payments made.
Retail Banking
09/14/2023
ClearBank boasts 144% revenue growth in H1 2023
Reporting an 80% increase in customer deposits, a 39% increase in payment volumes and £5.9m in profit sets the clearing bank up to achieve full year profitability in 2023.
09/14/2023
Half of UK payments made using debit cards in 2022 – UK Finance
The use of remote banking by businesses contributed to a growth of remote payments made through the Faster Payments Service, which saw a 17% increase to 4.3 billion payments.
09/13/2023
Alliances that keep BBVA at the forefront of technology
BBVA and Telefónica also use this relationship model to optimize BBVA's communications, boost the capacity of the technology network and support cloud operations.
09/13/2023
Episode Six Launches Business Now, Pay Later™ Enabling Financial Institutions to Offer B2B Installments to Small and Medium-sized Enterprises
It’s clear there is an increased demand from SMEs for more flexible working capital solutions, and the economic headwinds that have led to rising rates are only strengthening the need.
09/12/2023
Splitit enables AliExpress’ shoppers to ‘Pay After Delivery’ in the US
Splitit’s installment service is now also being offered in addition to Pay After Delivery in Spain and Germany.
09/12/2023
Truist to cut hundreds of jobs and rein in technology spend
The bank, which is expected to post a seven percent increase in expenses this year, aims to bring down expense growth to just one percent for 2024.
09/12/2023
Natwest debuts payment links for open banking payments
The new functionality is also deemed useful for time-consuming admin such as issuing non-card refunds, returning deposits, and sending one-off payments.
09/11/2023
Fintech Paysafe, Eightcap to Provide Embedded Wallet Solution
This innovative solution allows partners “to offer a white-label, plug-and-play trading and payment wallet for their retail traders, making it easier and more convenient for them to engage in trading activities from every corner of the globe.”
09/08/2023
CFPB takes aim at Apple over NFC chip access
Last year, the EC charged Apple with restricting access to the NFC chip technology in a move that could eventually lead to fines worth billions of euros.
09/08/2023
Funding Circle says UK business profitable despite lending dip
Funding Circle's lending to UK SMEs is down but demand for its new Flexipay product is soaring.
09/08/2023
Pleo taps Banking Circle's UK FPS membership
Through its partnership with Banking Circle, Pleo is enhancing its service with real-time direct clearing and settlement for GBP.
09/08/2023
Signal: Zopa raises another £75m
Total capital raised by UK digital challenger, Zopa Bank, reaches £530m with £150m raised in 2023
09/08/2023
WorldFirst records 50% increase in transactions during 2023
With the explosive growth of e-commerce, SMEs have increasingly turned to platforms like 1688 for diverse sourcing options.
09/07/2023
UK to test Regulated Liability Network concept for retail payments
While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market.
09/07/2023
Aussie fintech Upstreet shuts up shop
Upsteet also offered a programme for companies to provide their employees with fractional shares.
09/06/2023
nCino’s Cloud Banking Platform Streamlines Dodd-Frank 1071 Compliance Support for Financial Institutions
Recent enhancements to nCino’s Small Business Banking Solution allow banks and credit unions to easily adopt and comply with Section 1071 of the Dodd-Frank Wall Street Reform Consumer Protection Act as part of the end-to-end lending process
09/06/2023
Merchant lender Momnt raises $15 million
Barclay Keith and the Momnt team have consistently demonstrated their deep industry insights and groundbreaking solutions
09/05/2023
JPMorgan Payments selects Network International as acquiring partner in the Middle East
Network has worked closely with governments and financial institutions in the Middle East to promote financial inclusion and to drive digitisation.
09/04/2023
Fintech giant Ant Group expands Alipay+ cross-border payments service in South Korea with ZeroPay tie-up
ZeroPay was launched by the Seoul city government to help small businesses, which can use the QR-code-based payments service without paying a settlement fee