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US judge rejects "paltry" $30 billion swipe fee settlement

/payments

US judge rejects "paltry" $30 billion swipe fee settlement

A US district court judge has rejected an agreed $30 billion settlement over swipe fees between the two major card schemes and US merchants partially on the grounds that Visa and Mastercard have the financial armoury to pay "substantially" more.

Five Asian markets to link domestic instant payment schemes

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Five Asian markets to link domestic instant payment schemes

The Bank for International Settlements is to move toward live implementation of Prject Nexus, an initiative that seeks to enhance cross-border payments by connecting multiple domestic instant payment systems globally.

Chime buys enterprise employee rewards platform Salt Labs

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Chime buys enterprise employee rewards platform Salt Labs

Digital banking giant Chime has acquired employee rewards startup Salt Labs. Financial terms of the deal were not disclosed.

UK bank customers hit by payment delays

/payments

UK bank customers hit by payment delays

Thousands of major bank customers in the UK have been hit by payments problems that has seen some people not receiving their salaries.

ABC Projektai wins back banking licence

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ABC Projektai wins back banking licence

In a dramatic move, the Court of Justice of the European Union (CJEU) has ruled that ABC Projektai can regain their banking licence after it being revoked by the Bank of Lithuania.

Digital euro would maintain freedom to choose how Europeans pay - ECB

/payments

Digital euro would maintain freedom to choose how Europeans pay - ECB

With Europe inching towards the issuance of a digital euro, the ECB has embarked on a charm offensive, taking to media outlets across the continent to reassure citizens that the new payments option will compliment, not replace, cash and provide them with greater freedom of choice.

Visa launches digital card replacement service for travellers

/payments

Visa launches digital card replacement service for travellers

A new Visa service means that travellers that lose their wallet can now get a digital card replacement via text or email.

Payabli closes $20 million Series A

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Payabli closes $20 million Series A

Embedded payments platform Payabli has closed a $20 million Series A.

Central banks must raise game in face of AI - BIS

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Central banks must raise game in face of AI - BIS

Central banks should embrace artificial intelligence to sharpen their analytical tools in pursuit of financial and price stability, according to the Bank for International Settlements.

MuchBetter launches 'free' contactless payments ring

/payments

MuchBetter launches 'free' contactless payments ring

Wearable paytech provider MuchBetter has launched a contactless payments ring in Italy that is free - as long as users load it with €100 through the associated app.

Computop calls on retailers to join EPI pilot trials

/payments

Computop calls on retailers to join EPI pilot trials

EU payment gateway Computop is calling on merchants to join pilot trials of the bank-backed European Payments Initiative's wero wallet scheme.

US judge rejects $30bn interchange fee settlement

/payments

US judge rejects $30bn interchange fee settlement

A US judge has rejected a $30 billion settlement between Visa, Mastercard and retailers over credit card interchange fees.

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