23 July 2017
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Visa offers small firms free $10k upgrade...with a cashless catch
Mobile & online

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

13 July 2017  |  11264 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
Cards

Competition watchdog green lights plans to merge UK payment schemes

12 July 2017  |  8332 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
Start ups

Revolut scores bumper $66 million investment round

12 July 2017  |  6192 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.

Santander InnoVentures steps up fintech spending
Cards

Santander InnoVentures steps up fintech spending

12 July 2017  |  10192 views  |  0 comments | 21 tweets | 7 linkedin

Santander InnoVentures, the venture capital fund of Santander Group, is moving ever deeper into the fintech ecosystem with strategic investments in the UK startups Pixoneye and Curve and US based Gridspace.

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

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

12 July 2017  |  12359 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).

Seismic Foundry sizes up fintech startups in capital markets
Start ups

Seismic Foundry sizes up fintech startups in capital markets

12 July 2017  |  5058 views  |  0 comments | 6 tweets | 1 linkedin

Co-founded by five seasoned veterans of the capital markets space, Seismic Foundry is jumping aboard the fintech funding train, capitalising on tax-efficient Seed Enterprise Investment Schemes (SEIS) and EIS to attract investment capital for promising fledgeling startups.

Self-service kiosk vendor hit by hackers
Payments

Self-service kiosk vendor hit by hackers

12 July 2017  |  6509 views  |  1 comments | 6 tweets | 9 linkedin

US firm Avanti Markets says that nearly 2000 of its self-service payment kiosks have been infected with malware, putting customers' card data at risk.

World Bank's IFC targets financial inclusion through $15m CompareAsiaGroup investment

World Bank Group member IFC is looking to boost financial inclusion and literacy in Southeast Asia through a $15 million investment into local online marketplace CompareAsiaGroup.

OCC warns banks on fintech risks
Risk & regulation

OCC warns banks on fintech risks

11 July 2017  |  9029 views  |  0 comments | 9 tweets | 15 linkedin

US banks are opening themselves up to increased strategic risk by moving into new products and services as a way to take on emerging fintech rivals, warns the Office of the Comptroller of the Currency (OCC) in a report which also highlights the threat of cyber attacks and an increased reliance on third-party tech service providers.

Consumer groups and fintech firms at loggerheads over screen scraping
Retail banking

Consumer groups and fintech firms at loggerheads over screen scraping

11 July 2017  |  7079 views  |  7 comments | 9 tweets | 8 linkedin

European consumer interest group BEUC has waded into the screen-scraping debate, urging banking authorities to ban the practice in favour of the creation of a harmonised interface for customer data sharing.

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