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Danske Bank begins wearable chip trials

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Danske Bank begins wearable chip trials

Danske Bank is testing FastPay, a wearable contactless chip that can be clipped to a wristband, keyring, jewellery or watchstrap for tap-and-go payments at the checkout.

Revolut looks to mitigate Brexit with Lux licence

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Revolut looks to mitigate Brexit with Lux licence

London-based digital payments company Revolut is applying for a licence in Luxembourg in order to mitigate any fallout from Brexit.

Outage fever strikes UK banks

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Outage fever strikes UK banks

A spate of online banking glitches has hit the UK's leading high street banks, leading inevitably to discussions of resilience and operational risk in the industry.

ANZ introduces cardless ATM withdrawals

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ANZ introduces cardless ATM withdrawals

Customers of ANZ can now leave their wallets at home and withdraw cash from the Australian bank's ATMs with their mobile phones via Apple Pay and Google Pay.

Stripe moves into in-store payments

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Stripe moves into in-store payments

Stripe is going after the high street, launching its own point-of-sale payments terminal package targeted at online retailers making the jump to offline.

New York sues the OCC over fintech charter rule

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New York sues the OCC over fintech charter rule

New York state has filed a lawsuit against the US Office of the Comptroller of the Currency (OCC) over a decision to allow fintech companies to apply for national banking charters.

China UnionPay to enter European market

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China UnionPay to enter European market

The world's largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.

Nearly half of UK transactions now contactless

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Nearly half of UK transactions now contactless

The UK's love affair with contactless payments continues to flourish, with almost one in two transactions now tap and pay, according to Mastercard figures.

European committee green-lights tougher sentences for digital payments fraud

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European committee green-lights tougher sentences for digital payments fraud

Criminals cashing in on digital payment trends and the rise of cryptocurrencies can expect stiffer jail sentences under new rules approved by a powerful European Parliament committee.

Regulator to crack down on ATM closures

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Regulator to crack down on ATM closures

The UK's Payment Systems Regulator is promising to take action to protect the availability of free-to-use cash machines across the country after the publication of new figures by network operator Link which show more than 250 machines a month disappearing from the high street.

Card payments dominate UK retail sales as cash usage falls

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Card payments dominate UK retail sales as cash usage falls

Cards now account for more than three quarters of the value of retail purchases in the UK, as contactless payments continue to eat into cash's share of the pie.

Cardnet glitch double charges consumers

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Cardnet glitch double charges consumers

Lloyds Bank is apologising to consumers and merchants after a glitch in its Cardnet eftpos terminals charged thousands of customers twice for debit card payments, and under- or overpaid settlement funds in merchant accounts.

JaJa Finance preps launch of mobile-controlled credit card

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JaJa Finance preps launch of mobile-controlled credit card

London-based startup JaJa Finance is preparing to launch its first mobile-controlled credit cards on the back of £7 million in funding.

Google bought Mastercard data to link ads with in-store purchases

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Google bought Mastercard data to link ads with in-store purchases

Google and Mastercard struck a secret deal that used card transaction data to let some US merchants see when online ads led to sales at physical stores, according to Bloomberg.

TSB delays switch from Visa to Mastercard - FT

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TSB delays switch from Visa to Mastercard - FT

TSB's disastrous IT migration in April continues to have repercussions, with the British bank now postponing plans to move all of its customers from Visa to Mastercard debit cards, according to the Financial Times.

Citi lets credit card customers pay Spotify subscriptions with points

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Citi lets credit card customers pay Spotify subscriptions with points

Citi has teamed up with Spotify to enable customers in Asia to use credit card points to pay their music streaming subscriptions.

Abolition of 1p and 2p coins would mean small change for UK shoppers

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Abolition of 1p and 2p coins would mean small change for UK shoppers

Bank of England economists believe that removal of 1p and 2p coins from circulation would have a limited impact on pricing at the checkout, re-igniting a debate over the future of small value copper change.

Revolut launches metal card with cryptocurrency cashback

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Revolut launches metal card with cryptocurrency cashback

Digital banking startup Revolut is targeting the millennial jet set through the launch of a new metal card that comes with a host of benefits, including cashback in Bitcoin and other cryptocurrencies.

Chinese firms partner for blockchain payment systems play

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Chinese firms partner for blockchain payment systems play

Two of China’s largest financial services firms have agreed to work towards the development of a blockchain-based mobile payment system in what has been a busy week for China's burgeoning fintech sector and also a signal of the extent of China's blockchain ambitions.

Paying by card? You're less likely to remember the amount spent

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Paying by card? You're less likely to remember the amount spent

The old axiom that people tend to up their spending when paying by card rather than with cash may lie in the recall accuracy of individual consumers, according to research published by the University of Cologne and the Alpen-Adria-Universität Klagenfurt.

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