26 March 2015

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PayPal pays $7.7m in US sanctions case

8 hours ago  | 4 comments | 2 tweets | 3 linkedin

PayPal has agreed to pay $7.7 million to settle charges from the US Treasury that lax screening technology saw the firm violate multiple sanctions programmes.

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Europe sets the pace as fintech investment triples in 2014

12 hours ago  | 0 comments | 15 tweets | 13 linkedin

Global investment in fintech ventures tripled from $4.05 billion in 2013 to $12.2 billion in 2014, with Europe being the fastest growing region in the world, according to a new report by Accenture.

The UK government's midata initiative has launched, enabling Brits to download their current account transactional data and put it into online tools that will help them find the most suitable providers.

London - Big Ben

Barclays and PayPal join Government ID access scheme

22 hours ago  | 0 comments | 9 tweets | 6 linkedin

Barclays and PayPal are among a list of nine companies applying to act as identity providers for UK consumers accessing Government services online.

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UK banks agree protocol on branch closures

25 March 2015  | 0 comments | 4 tweets | 9 linkedin

British banks will have to provide 12 weeks' notice of branch closures and publish assessments of the impact on customers, under a new protocol to be published this week. However, the agreement is unlikely to slow the rush to cut expensive branch networks, stressing that closures are ultimately commercial decisions.

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Google preps Gmail bill payment feature

25 March 2015  | 1 comments | 10 tweets | 12 linkedin

Google is plotting a service that enables people to receive and pay their bills through Gmail, according to an internal document seen by Re/code.

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