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/payments

Debit cards overtake cash at the POS in Switzerland

Debit cards have overtaken cash as the favoured payment method among consumers in Switzerland.

/payments

Stablecoin-based card issuer Rain raises $24.5 million

Rain, a card issuing platform for stablecoins, has raises $24.5 million in new funding led by Norwest Venture Partners.

/startups

Incore Invest raises €25 million to fund high growth fintechs

Incore Invest has raised €25M for a new fund designed to accelerate the growth of high-potential SaaS, embedded finance and fintech companies across Europe.

/payments

Burbank raises £5m for online tap and PIN payments

Welsh startup Burbank has raised £5 million to bring offline tap and pin payments to the e-commerce realm.

/ai

Lloyds puts leadership team through AI training programme

Lloyds Banking Group is calling in edtech Cambridge Spark to help run an AI training programme for its senior leaders.

/identity

PwC Italy and SKChain Advisors prep blockchain-based digital identity product

PwC Italy has joined forces with blockchain consultancy SKChain Advisors to develop an enterprise-grade Web3 EU digital identity product.

/payments

Monzo introduces Split payments feature to remove the hassle of shared expenses

Monzo is rolling out a new split payments feature for customers to track, pay and chase payments for shared expenses.

/security

Westpac rolls out 'panic button' for customers who think they've been scammed

In its latest move to stop scammers, Westpac is to introduce SafeBlock, a new feature that allows customers to block their accounts and cards in an instant via the app or online banking.

/payments

Embedded payments startup enza raises $6.75 million

Enza, a Dubai-based embedded payment startup founded by former executives at Network International, has secured a $6.75 million seed equity round, co-led by Algebra Ventures and Quona Capital.

/payments

DoorDash and Klarna let users eat now, pay later

DoorDash has struck a deal with Klarna to enable customers to pay for their food delivery orders in instalments.

/people

Appeals court rules Capital One hacker's sentence was too light

A US appeals court has overruled the sentence given to the hacker behind the huge 2019 Capital One data breach, saying it was too lenient.

/markets

Accenture loses revenue amid US federal cuts

Accenture Federal Services, a branch of Accenture, has lost sales in the 2024 fiscal year due to uncertainty from the Trump administration.