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Latest Results from /retail

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Visa launches platform to help banks issue fiat-backed tokens

Visa has unveiled a platform that helps banks issue and manage fiat-backed tokens such as stablecoins on blockchain networks.

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Meta forms data-sharing programme with UK banks to tackle scammers

Tech giant Meta says it will expand an information sharing partnership with UK banks after a pilot with NatWest and Metro helped take out thousands of scammers on its platforms.

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Payfare share price craters after DoorDash contract blow

Shares in Payfare plummeted by more than 75% after the Canadian earned wage access firm initiated a strategic review in response to losing its biggest client, DoorDash.

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Starling Bank fined £29m for 'shockingly lax' AML screening

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

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MoneyGram 'shocked' by UK Post Office move to end relationship

US money transfer giant MoneyGram has responded to the UK Post Office's decision to terminate a long-term relationship between the two following a cyber security incident.

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AI adoption doubles in UK banking sector

There has been a "significant shift" in UK banks' attitude to AI with greater adoption and greater recognition of its benefits, according to recently published research.

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Majority of UK adults "unaware" of open banking

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

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Mastercard agrees to buy subscription management startup Minna

Mastercard has struck a deal to acquire Swedish subscription management specialist Minna Technologies. Financial terms were not disclosed.

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HSBC writes off Monese stake

HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.

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UK Post Office axes MoneyGram services in wake of cyber attack

The UK's Post Office is no longer offering MoneyGram services in the wake of a serious cyber security incident at the American money transfer giant.

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Wells Fargo and Fiserv end merchant acquiring JV

Wells Fargo and Fiserv will end their long-running merchant acquiring joint venture next year.

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Man pleads guilty to illegally operating crypto ATM network

In a UK first, a man has pleaded guilty to illegally operating a network of crypto ATMs without FCA registration.