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Visa has issued its four billionth network token for e-commerce payments, surpassing the number of physical cards it has in circulation worldwide.
26 August 2022
An Essex bus company has banned customers from Monzo and Revolut from using their smartphones to pay for fares and has slashed mobile contactless limits to just £10 following a spike in debit and credit fraud across the network.
24 August 2022
The world's largest crypto exchange, Coinbase, is facing a Federal Class Action lawsuit over allegations that it failed to secure user accounts from hackers and thieves.
Fintech and regtech outfit Computer Services Inc is set to go private after agreeing to be bought by investment firms Centerbridge Partners and Bridgeport Partners for around $1.6 billion.
22 August 2022
Revenue derived from cryptocurrency-related crime is down by 65% in the first half of 2022 compared to the corresponding period in 2021.
The UK's Financial Conduct Authority (FCA) has levied a £12.5m fine against Citigroup Global Markets over past failures to police its trading activity
A handful of Wall Street banks are preparing to pay up to $200m each to settle a case with the Securities and Exchanges Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over the use of WhatsApp messages.
The UK has been crowned the card fraud capital of Europe, with more victims and higher losses experienced than any of its continental peers.
04 August 2022
Research by ACI Worldwide has found that one in ten UK adults fell victim to online fraud in the past four years.
27 July 2022
As reported in The Telegraph, UK banks have urged Big Tech and telecommunications firms to take responsibility for their contribution to the rise of online fraud and voluntarily reimburse victims.
25 July 2022
Fintechs and crypto asset providers have welcomed the UK government’s decision to bring stablecoins into regulatory scope as part of the recently published Financial Services and Markets Bill.
21 July 2022
The UK government has published its plans to regulate the use of artificial intelligence (AI) which would see it depart from the EU's strategy to establish a centralised body to oversee the use of technology.
20 July 2022
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