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UK Government to ban "rip off" card surcharges

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UK Government to ban "rip off" card surcharges

The UK Government is to outlaw card surchages applied by retailers and e-commerce operators that penalise customers who choose to pay by debit and credit cards.

Swatch brings contactless watch payments to China

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Swatch brings contactless watch payments to China

Swatch is bringing the second generation of its contactless payments-enabled watches to China through a deal with the country's UnionPay card scheme and 11 banks.

Mastercard to buy AI outfit Brighterion

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Mastercard to buy AI outfit Brighterion

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.

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

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

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

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Competition watchdog green lights plans to merge UK payment schemes

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.

Santander InnoVentures steps up fintech spending

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Santander InnoVentures steps up fintech spending

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

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

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).

Self-service kiosk vendor hit by hackers

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Self-service kiosk vendor hit by hackers

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.

IZettle eyes IPO

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IZettle eyes IPO

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO.

Monzo disables card features as services go awry

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Monzo disables card features as services go awry

UK challenger bank Monzo has disabled card payments for customers after suffering an unspecified issue with a supplier.

Mobile payments taking off for contactless commuting

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Mobile payments taking off for contactless commuting

Long viewed as a gateway to mainstream acceptance of contactless cards, the London transport network appears to be providing a similar uplift for the mobile payments market, with one-in-ten contactless journeys on London's buses and tubes now paid for by the likes of Apple Pay and Samsung Pay.

SAP Financial Services Forum, London - Day 2 live blog

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SAP Financial Services Forum, London - Day 2 live blog

Welcome to Finextra's live coverage from Day 2 of the SAP Financial Services Forum in London. The theme for this event is 'winning in the digital moment'. The agenda will examine how technologies such as AI, machine learning, analytics, blockchain, open APIs and the cloud can be best leveraged to deliver truly digitised financial services.

Curve promises card users 'financial time travel'

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Curve promises card users 'financial time travel'

London-based payments startup Curve claims to have cracked time travel, or at least found a way to let customers switch the card used for a transaction - after the purchase is made.

Finextra charts the new payments landscape

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Finextra charts the new payments landscape

Finextra’s European Payments Industry Insights Report tackles key questions about how ready Europe’s payments market participants really are for the unprecedented waves of change about to hit.

Danske Bank develops pocket money app

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Danske Bank develops pocket money app

Danske Bank has released a parent-controlled pocket money app and card for 8-12 year olds.

Rise in online and mobile shopping drives card fraud transactions to new high

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Rise in online and mobile shopping drives card fraud transactions to new high

European card fraud losses hit a record €1.8bn in 2016, with the UK seeing the highest losses at £618m, as criminals took advantage of a boom in CNP-based online and mobile shopping.

UK banking app transaction numbers soar

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UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year.

Ukrainian banks affected by latest global cyberattack

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Ukrainian banks affected by latest global cyberattack

Several Ukrainian banks are understood to have been affected by what appears to be a coordinated ransomware cyberattack targeting firms around the world.

Visa invests in Klarna

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Visa invests in Klarna

Visa is set to buy a stake in Klarna as part of a planned strategic partnership with the Swedish payments firm focussed on pushing online and mobile commerce in Europe.

Barclays celebrates golden anniversary of the ATM

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Barclays celebrates golden anniversary of the ATM

Barclays Bank has given the ATM at its Enfield branch a lick of gold paint to commemorate the 50th anniversary of the cash machine.

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