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Latest Results from /retail

/retail

Emirates NBD enters cryptocurrency space

Emirates NBD's digital banking unit Liv has added cryptocurrency trading to its mobile banking app.

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Google Wallet opened up for least-cost routing in Australia

Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and least-cost routing (LCR) on transactions made via Google Wallet, giving merchants the options to move away from costly card scheme networks.

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UK banks hit a month of outages in the last two years; Barclays to pay out millions for IT downtime

Nine of the top banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of more than 33 days - of tech outages in the last two years, new data published by the Treasury Committee shows.

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FS-ISAC offers payment card industry guidance on quantum computing risks

With work on quantum computing gaining momentum, the Financial Services Information Sharing and Analysis Center (FS-ISAC) has issued guidance to help the payment card industry mitigate risks posed by the technology.

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Flex raises $25m to build all-in-one business and personal financial management platform

Flex, a fintech that helps business owners automate their back offices, has raised $25 million in an equity round led by Titanium Ventures.

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PayPal scammers adopt Docusign API to con customers

PayPal scammers are using an old Docusign trick to enhance the trustworthiness of their phishing emails.

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Savings accounts see huge surge in mule-linked activity

Money launderers and their mules are switching away from current accounts to savings accounts in a bid to bypass stringent bank checks brought about by APP reimbursement rules and AI-based anti-fraud tools.

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BVNK launches embedded wallet that unifies fiat and stablecoin payments

Stablecoin payments infrastructure firm BVNK has launched an embedded wallet that unifies fiat and stablecoin payments globally.

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CFPB drops suit against JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has dropped a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo which had accused the banks of allowing fraud to "fester" on P2P payments platform Zelle.

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Lloyds seeks out startups for 'Launch Innovation' programme

Lloyds Banking Group is opening applications for this year's 'Launch Innovation' programme to discover potential business partnerships.

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Bank of Israel unveils design of possible digital shekel

The Bank of Israel is inviting feedback on a newly-published high-level design for a potential digital shekel.

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Bitcoin ATM operator jailed for four years

The operator of a crypto ATM network in the UK has been sentenced to four years in prison in the first such case brought the FCA.