21 July 2017
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Latest payments news

TransferWise CEO Hinrikus steps aside for co-founder Käärmann

TransferWise CEO Hinrikus steps aside for co-founder Käärmann

18 July 2017  |  4729 views  |  0 comments | 3 tweets | 5 linkedin

TransferWise CEO Taavet Hinrikus is stepping down, handing over the reins at the fintech unicorn to his co-founder Kristo Käärmann.

Barclays rides payments-as-a-service wave with investment in Form3

Barclays rides payments-as-a-service wave with investment in Form3

18 July 2017  |  7881 views  |  0 comments | 16 tweets | 12 linkedin

Barclays Bank has joined Angel Co-Fund and individual investors in a $5 million funding round for Form3, a provider of an API-based single point of access to the full universe of payment schemes.

Mastercard to buy AI outfit Brighterion

Mastercard to buy AI outfit Brighterion

18 July 2017  |  8692 views  |  0 comments | 14 tweets | 20 linkedin

Mastercard is looking to boost its fraud detection capabilities through the acquisition of artificial intelligence specialist Brighterion. Financial terms of the deal were not disclosed.

EPC gears up for pan-European instant payments

EPC gears up for pan-European instant payments

14 July 2017  |  9843 views  |  0 comments | 10 tweets | 28 linkedin

A new voluntary pan-European instant credit transfer scheme that will bring real-time money transfers across the Single Euro Payments Area (Sepa) is on course to go live in November, with five countries onboard from the off.

Back office consolidation and the ATMfutura project

Back office consolidation and the ATMfutura project

14 July 2017  |  7656 views  |  0 comments | 5 tweets | 4 linkedin

Jürg Weber, division CEO SIX Payment Services outlines the business imperative for consolidating and sharing common bank back office functions as the Swiss bank ATMfutura project comes to fruition.

Festy unveils digital currency payments wristband

Festy unveils digital currency payments wristband

14 July 2017  |  9117 views  |  1 comments | 11 tweets | 7 linkedin

Combining two of the most hyped trends in fintech, wearables and cryptocurrencies, Irish startup Festy has unveiled a wristband that lets festival-goers make contactless payments in Dash.

Visa offers small firms free $10k upgrade...with a cashless catch

Visa offers small firms free $10k upgrade...with a cashless catch

13 July 2017  |  10893 views  |  2 comments | 16 tweets | 19 linkedin

Visa is stepping up its war on cash, promising up to $500,000 to 50 US restaurants and food vendors that stop accepting paper money altogether.

Competition watchdog green lights plans to merge UK payment schemes

Competition watchdog green lights plans to merge UK payment schemes

12 July 2017  |  8003 views  |  1 comments | 16 tweets | 19 linkedin

The UK payments industry is facing further upheaval as the Competition and Markets Authority approves consolidation of the operators of Bacs, the Cheque and Credit Clearing Company and Faster Payments Scheme into a New Payments Systems Operator.

Revolut scores bumper $66 million investment round

Revolut scores bumper $66 million investment round

12 July 2017  |  6161 views  |  0 comments | 15 tweets | 13 linkedin

Money transfer outfit Revolut has scored a bumper $66 million investment round and announced plans for a £4 million crowdfunding campaign as it looks beyond Europe's borders to Asia and the US and builds on its progression into a fully-fledged banking-as-a-service platform.

Debit cards overtake cash to become UK's top payment method

Debit cards overtake cash to become UK's top payment method

12 July 2017  |  11874 views  |  3 comments | 36 tweets | 60 linkedin

For the first time, debit cards have overtaken cash to become the number one payment method in the UK, according to data collected by the British Retail Consortium (BRC).

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