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Latest Results from /payments

/payments

HPS acquires Dublin-based CR2

HPS has acquired long-established Irish digital banking and payments software company CR2.

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Klarna labels CFPB BNPL rule 'baffling'

The US Consumer Financial Protection Bureau's new rule on buy now, pay later lenders has received a mixed reception from industry players, with Affirm welcoming the outcome but rival Klarna calling it "baffling".

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Google Pay lets customers ditch CVVs for biometrics

Google Pay has received a revamp to make it easier for shoppers to see card benefits, use BNPL on more sites, and ditch CVV codes in favour of biometrics at checkout.

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Mastercard takes GenAI to the Dark Web

Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards.

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CFPB rules that BNPL lenders should be treated as credit cards

The US Consumer Financial Protection Bureau has ruled that buy now, pay later lenders should be treated in the same way as credit cards.

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Ex-Revolut team launch DeFi wallet and crypto card

A team of ex-Revolut employees have released Zeal, a DeFi wallet and debit card combination that enables direct cryptocurrency spending on everyday items, eliminating the need for conversion to fiat currency.

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UK bank fraud losses topped £1 billion last year

Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.

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Fabrick continues open finance consolidation strategy with acquisition of finAPI

Open finance firm Fabrick has entered the DACH market through the acquisition of a majority 75% stake in German operator finAPI.

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Stripe launches payment and financing tools in the UK

Stripe is strengthening its position in the UK, opening a flagship London office in the heart of the City and launching its first Open-Banking-powered payment method and new financing options for small businesses.

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Alchemy Pay preps Web3 digital banking

Singapore-based fiat-crypto payments firm Alchemy Pay has unveiled a Web3 digital banking platform for enterprises.

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PSR steps back from capping Visa and Mastercard fees despite lack of competition

The UK's Payment System Regulator (PSR) has stepped back from imposing financial penalties on Visa and Mastercard scheme and processing fees, despite evidence that the firms are running an effective duopoly in the supply of services to merchants.

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Swift opens API channel for ISO 20022 corporate payment tracking

Swift is working with 25 leading cash management banks and 20 corporates to develop a white labelled transaction tracking service for ISO 20022 messages across the entire payment chain.