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685 Results from /payments, 2018

/payments

South Africa's app-only Bank Zero gets license

Bank Zero, a digital-only South African bank co-founded by former FNB chief executive Michael Jordaan, has begun alpha testing its app after securing a mutual banking license.

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Open Banking comes to small business lending with Lloyds and iwoca

Iwoca has become the first small business lender to use Open Banking rules to connect with one of the UK's largest banks, enabling customers of Lloyds Bank to submit their transaction history and apply for a loan.

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UK watchdogs propose regulatory framework for cryptoassets

UK financial watchdogs have outlined proposals to adopt a range of measures to bring cryptoassets into the regulatory fold.

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Japanese banks trial blockchain-based interbank settlement system

A group of nine Japanese banks are set to trial a blockchain-powered interbank settlement system developed by Fujitsu.

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KBC introduces spare change investing service

Belgian bank KBC is adding a spare change investing feature to its app, offering customers the option to round up their transactions and put the difference into an investment plan.

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DBS launches Facebook Messenger bot for restaurant orders

Singapore-based DBS has begun testing a chatbot that allows customers to order and pay for meals at participating restaurants through Facebook Messenger.

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TransferGo turns to Seedrs for EUR11.5 million crowdfunding round

Remittance outfit TransferGo is to run a EUR11.5 million equity crowdfunding campaign on Seedrs.

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Hitachi and SBI form payments joint venture

Hitachi is moving into the merchant acquiring business, buying a 26% stake in SBI Payment Services in India.

/payments

Sweden's central bank prepares for cashless future with e-krona

Sweden's central bank is pushing ahead with plans to build a technical framework for the issuance of a new electronic currency, the e-krona.

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ABN Amro to hike business fees for 'manual' payments processing

ABN Amro is to raise fees for business customers who use payment services that require manual intervention, as part of a move to switch more clients to digital banking channels.

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BBVA unveils account aggregation service for businesses

BBVA is launching a real-time account aggregation service for Spanish businesses, enabling them to control all their domestic accounts, credit accounts and cards from a single dashboard.

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British Airways warns another 185,000 cards compromised by data breach

British Airways is warning that another 185,000 customers may have had their payment card details stolen in a data breach.