21 January 2018
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Latest payments news

Consumer group calls on payments watchdog to stand up against ATM closures

Consumer group calls on payments watchdog to stand up against ATM closures

19 January 2018  |  3724 views  |  3 comments | 4 tweets | 4 linkedin

Plans to shut down loss-making ATMs across Britain could leave hundreds of communities without ready access to cash, says consumer group Which?.

Westpac launches iMessage app following PayKey blockage

Westpac launches iMessage app following PayKey blockage

19 January 2018  |  4851 views  |  1 comments | 8 tweets | 1 linkedin

Westpac has launched an in-app shortcut for transferring funds to friends via iMessage. The move comes six months after Apple demanded that Westpac disable a feature from Israeli startup PayKey that added optional banking icons to the bottom of the screen during text conversations.

Could distributed ledgers restore the reputation of the MBS market?

Could distributed ledgers restore the reputation of the MBS market?

18 January 2018  |  5442 views  |  0 comments | 6 tweets | 8 linkedin

Four top tier financial institutions are collaborating on the use of distributed ledger technology to revive the market for mortgage-backed securities, the reviled financial instruments which precipitated the global banking crisis in 2008.

Blockchain security startup Ledger scoops £56 million funding round

Blockchain security startup Ledger scoops £56 million funding round

18 January 2018  |  5633 views  |  0 comments | 10 tweets | 11 linkedin

Draper Esprit has led a whopping £56 million Series B investment round in Paris-based cryptocurrency wallet and blockchain security outfit Ledger.

Contego gets the nod for Open Banking ID checking

Contego gets the nod for Open Banking ID checking

18 January 2018  |  4631 views  |  0 comments | 11 tweets | 7 linkedin

The UK's Open Banking Implementation Entity has selected Contego to run ID checks and verify the bona fides of users accessing personal account data for third party development work.

Blackhawk agrees $3.5bn sale

Blackhawk agrees $3.5bn sale

16 January 2018  |  5718 views  |  0 comments | 7 tweets | 12 linkedin

Blackhawk Network Holdings, a US fintech outfit specialising in prepaid gift cards, has agreed to be acquired by PE firm Silver Lake and hedge fund P2 Capital Partners in an all-cash deal worth around $3.5 billion.

IBM and Maersk form JV for blockchain-based global trade platform

IBM and Maersk form JV for blockchain-based global trade platform

16 January 2018  |  5723 views  |  0 comments | 10 tweets | 18 linkedin

IBM and transport and logistics outfit AP Moller-Maersk are setting up a joint venture that will build a blockchain-based cross-border supply chain programme to manage and track the paper trail of tens of millions of shipping containers across the world.

China regulator says fintech must serve real economy

China regulator says fintech must serve real economy

16 January 2018  |  8679 views  |  0 comments

One of China's senior financial regulators has stated that the government will only support fintechs that serve the real economy, casting further doubt on the future of virtual currencies and related technologies within China.

Europe begins Open Banking era in subdued style

Europe begins Open Banking era in subdued style

15 January 2018  |  13006 views  |  5 comments | 33 tweets | 38 linkedin

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

KFC introduces Bitcoin Bucket

KFC introduces Bitcoin Bucket

12 January 2018  |  9834 views  |  1 comments | 18 tweets | 16 linkedin

The Canadian arm of KFC has launched a 'Bitcoin Bucket', inviting people to trade in their cryptocurrency for a more stable asset - fried chicken.

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Blackhawk agrees $3.5bn saleBlackhawk agrees $3.5bn sale
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