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Latest Results from /retail

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Fraudsters plead guilty to operating OTP scam site

Three men have pleaded guilty to operating a subscription-based Web service in the UK that enabled criminals to circumvent One-Time-Passcode (OTP) anti-fraud checks.

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McLear shuts down pre-paid payment ring programme

Wearable payments vendor McLear is closing down its flagship Ring pre-paid programme, blaming the increasing complexity and cost of maintaining the product.

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Tabby to acquire Saudi digital wallet Tweeq

UAE-based buy now, pay later player Tabby is to acquire Saudi digital wallet Tweeq, expanding its product suite to offer customers spending accounts with money management tools.

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Singapore to empower police to stop voluntary bank transfers to scammers

Singapore's Ministry of Home Affairs is opening consultations on new rules that would empower the police to order banks to restrict the banking transactions of people who refuse to believe that they are being scammed.

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Canadian budgeting app Hardbacon goes under

Hardbacon, a Canadian budgeting app that generated revenue through lead generation and affiliate marketing, has shut down after tweaks to Google's search algorithm saw users plummet.

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Revolut rolls out virtual crypto payment cards

Revolut is rolling out dedicated crypto payment cards for spending on everyday items.

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Multiple UK banks hit by app outage spikes

Lloyds Bank is facing multiple complaints from customers related to an apparent failure of its online banking app.

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The Bank of London selected by Waafi Bank for Shariah-compliant UK banking entry

The Bank of London has been selected by Malysian start-up Waafi Bank to support its plans to enter the UK's Shariah-compliant banking market.

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Atlantic Money provides low-cost alternative to Swift with app-less money transfers

Money movement firm firm Atlantic Money is to make it possible for users to forsake its app and instead send and receive currencies direct from within their own bank accounts.

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Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

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Fed governor Waller cool on interlinking fast payment systems

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

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NatWest app glitch leaves customers unable to make payments

For the second time in three months, the NatWest banking app has suffered technical issues, leaving some customers unable to make payments or fund transfers on Friday morning.