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Fed working group suggests scams information sharing network

/security

Fed working group suggests scams information sharing network

A Federal Reserve-backed working group has recommended that the US payments industry set up an independent information exchange framework to provide a single source for scam intelligence across payment rails.

XRP soars as SEC drops Ripple case

/crypto

XRP soars as SEC drops Ripple case

Ripple's XRP token has surged 10% after the firm declared victory in its four-year legal tussle with the Securities and Exchange Commission

Santander to shut almost a quarter of UK branch network

/retail

Santander to shut almost a quarter of UK branch network

Santander is set to reduce its UK branch network by nearly a quarter, shutting 95 branches and putting 750 jobs at risk

Fiserv acquires CCV to boost growth across Europe

/payments

Fiserv acquires CCV to boost growth across Europe

Fiserv has acquired CCV, a 67-year old provider of payment services in the Netherlands, Belgium and Germany, to boost growth of its Clover payment terminal across Europe.

Temenos to recruit 200 technology staff for new innovation hub in Florida

/people

Temenos to recruit 200 technology staff for new innovation hub in Florida

Temenos is to recruit 200 technology and product development staff for a new innovation hub in Florida.

Mena Banking-as-a-Service player NymCard raises $33 million

/payments

Mena Banking-as-a-Service player NymCard raises $33 million

Abu Dhabi-based banking-as-a-Service vendor NymCard has secured $33 million in a Series B funding round.

Bakkt sees shares plunge as crypto firm loses major customers

/crypto

Bakkt sees shares plunge as crypto firm loses major customers

Shares in digital asset player Bakkt tumbled by more than a third on news that the firm has lost two major customers, Bank pf America and Webull.

Revolut staffs up and carries out testing ahead of UK banking switch

/retail

Revolut staffs up and carries out testing ahead of UK banking switch

Having finally secured its UK banking licence, Revolut is hiring staff and testing its systems as it aims to move millions of customers to its new bank entity this summer.

Cash App integrates with Afterpay for BNPL at the checkout

/payments

Cash App integrates with Afterpay for BNPL at the checkout

Cash App has joined with Afterpay to offer buy now, pay later services at online merchants.

UK Government enters procurement phase for Digital Gilt Instrument issuance

/markets

UK Government enters procurement phase for Digital Gilt Instrument issuance

The UK Government has issued a procurement notice for a pilot of blockchain-based Digital Gilt Instrument (Digit) issuance.

Verification of Payee: Prepare for October 2025 deadlines at NextGen Nordics

/regulation

Verification of Payee: Prepare for October 2025 deadlines at NextGen Nordics

In March 2025, the Eurosystem completed exploratory work for offering a Verification of Payee (VoP) service for payment service providers (PSPs) in SEPA, helping them comply with the EU’s Instant Payments Regulation across credit transfers in Euro. NextGen Nordics 2025 at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will explore how VoP can reduce fraud and payment, and prepare for 5 October 2025, the effective date of the VOP scheme rulebook.

BX Digital to roll out DLT-based settlement system for digital assets in Switzerland

/markets

BX Digital to roll out DLT-based settlement system for digital assets in Switzerland

BX Digital, a subsidiary of Boerse Stuttgart, has received conditional approval from Swiss market regulators to operate a blockchain-based settlement system for digital assets.

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