News Round-ups

Black Friday payment data reveals 51% increase in BNPL usage

PayPal’s Pay in 4 saw its volume up by 400% on Black Friday

Brits will rely on BNPL for Christmas

Barclays says unregulated BNPL is a growing risk

Executives of cryptocurrency firms have been called to testify before a US congressional committee

Monzo enables business clients to accept mobile payments

FCA removes 3-month re-authentication requirement

Ingenico launches Payments Platform as a Service solution

Stripe powers TikTok Tips feature

Stripe launches its POS terminal in Europe

Klarna launches ‘Pay Now’ and Klarna Card in the US

Zip introduces a mobile-based virtual card

Monzo adds a virtual card to its Flex BNPL product

PayPal launches BNPL service in Italy

Research shows over 25% of people using BNPL services this Christmas say they would struggle without it

BNPL fraud is increasing

Ireland’s largest banks commit to establish a multibank payments app

ECB’s new oversight framework for electronic payments to include crypto-assets

Amazon UK to stop accepting Visa credit cards

SumUp launches a Business Account solution in the UK

NewDay has launched a regulated instant access credit account

Fundamental change in how UK consumers use ATMs and cash

N26 to shut down its US operations

Amazon considering renouncing its partnership with Visa for credit card issuing

Research reveals complete implementation of Open Banking will take years to realise

UK’s CMA delays the introduction of Variable Recurring Payments for sweeping services

PSR sets out plans to fight fraud and protect victims of APP scams

EPI appeals for public funding

Klarna to roll-out its one-stop shopping app globally

Clearpay announces in-store function in the UK

Facebook updates Subscriptions programme with recurring monthly payments

Mastercard allows any Bank, Neobank or Merchant to offer Crypto payments or acceptance in the US

Visa sees crypto as key to Visa Direct’s future

3DS 2.x protocol helps driving down e-commerce fraud by 36%

ECB report shows card fraud declined in 2019

PSR publishes its card-acquiring market review

EBA launches public consultation on the amendment of its Regulatory Technical Standards on SCA and CSC

PayPal launches the Zettle Terminal, its all-in-one POS solution for SMEs

Trilo and Yapily enabling A2A payments for F2F and online merchants

Stripe partners with Klarna to offer BNPL options

UK shoppers rack up more than £4bn in BNPL debt

SCA failure rates reach 29% in September

Link required to ensure a broad geographic coverage of free-to-use ATMs in the UK

Mastercard to discontinue its Maestro brand

Growing list of issuers, acquirers and fintechs using Visa Installments Solution

UK Government launches BNPL regulation consultation

Klarna now lets UK consumers to pay in full at the checkout

N26 reaches $9bn valuation but forced to cap new customers

BBVA launches digital retail bank in Italy

Banco Sabadell first to offer Mastercard Click to Pay in Spain

Marqeta launches a crypto card payment solution

Samsung Pay finds new the contactless payments limit in UK might be problematic

Brits are using the ATMs 40% less than before