clear
clear

/payments

Revolut and Visa file legal challenges over PSR's plan to cap fees

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

/crypto

Markets unmoved by Trump's Bitcoin reserve plan

Bitcoin's price dipped on Thursday as markets were left underwhelmed by an executive order from President Donald Trump creating a strategic reserve made up of the cryptocurrency already owned by the government.

/people

Lloyds to cut UK jobs, shift IT skills to India - FT

Lloyds is planning to cut hundreds of permanent IT employees working in the UK, whilst simultaneously hiring IT engineers in similar roles in India.

/ai

87% encountered AI-driven cyberattacks in 2024 - SoSafe

SoSafe’s report explores the global tension between AI adoption and the associated security risks, highlighting the views of 500 global security professionals and 100 SoSafe customers across 10 countries.

/ai

Skyfire payments network for AI agents exits beta

Skyfire, a startup founded by former Google and Ripple executives, has brought its payments network that enables AI agents to make autonomous transactions out of beta.

/people

Zopa hires Visa Europe data lead as chief analytics officer

UK-based digital bank Zopa has appointed Visa Europe head of data science Jeremy Penzer as chief analytics officer.

/payments

Klarna to file for IPO next week - Bloomberg

Buy now, pay later giant Klarna is looking to file its initial public offering as early as next week, according to sources quoted by Bloomberg.

/payments

PSR to take action against card schemes after 25% hike in fees

The UK's Payment Systems Regulator is take action against Mastercard and Visa in the wake of steep hikes on card fees by the duopoly.

/crypto

Emirates NBD enters cryptocurrency space

Emirates NBD's digital banking unit Liv has added cryptocurrency trading to its mobile banking app.

/payments

Google Wallet opened up for least-cost routing in Australia

Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and least-cost routing (LCR) on transactions made via Google Wallet, giving merchants the options to move away from costly card scheme networks.

/retail

UK banks hit a month of outages in the last two years; Barclays to pay out millions for IT downtime

Nine of the top banks and building societies operating in the UK accumulated at least 803 hours - the equivalent of more than 33 days - of tech outages in the last two years, new data published by the Treasury Committee shows.

/crime

CFIT publishes Digital Company ID plan to slash UK fraud

The Centre for Finance, Innovation and Technology (CFIT) has unveiled plans for a digital company ID that it says could help slash fraud and save British businesses billions of pounds every year.