News Round-ups

Rollout of the new £100 contactless limit in the UK

Starling Bank and Lloyds Banking Group to let customers set their own contactless limit

SumUp is entering the US market

Monzo offers its business customers a request payment product

PSR decided existing protections, particularly for payments that were unauthorised or were wrongly executed, are sufficient for now

EBA Clearing, SWIFT and The Clearing House partner to speed up and enhance cross-border payments

Banks made record investment in European fintech last year

Splitit offers instalment payments for Discover

United Airlines to introduce PayPal QR codes as inflight payment option

Barclays will take on BNPL

Klarna launches savings products for the Dutch market

FCA is working on new regulation for BNPL products

LINK volumes and values show that there has been a fundamental change in how some consumers are using cash

Orange invests €230 million in Orange Bank

Worldline and Livescale to offer live shopping

Fintech sector receives more than double the amount of VC funding in 2021

EC is preparing an antitrust charge over Apple NFC chip access

Sistema de Tarjetas y Medios de Pago launches a BNPL feature

Central banks issue a set of reports intended to build a global consensus for a retail digital currency

Visa is working on a ‘universal payment channel’ (UPC) to enable interoperability between different digital currencies

Curve is now letting its users to buy cryptocurrencies

Starling Bank set to expand its BaaS platform to France, Germany, Netherlands and Spain

N26 has been fined €4.25 million by BaFin over AML failings

CMSPI analysis of August data yields an estimated European failure rate on eCommerce transactions of 26%

UK banks trial emergency hotline for APP fraud

PagoFX from Banco Santander is to shut down on 30 November

Fraud in the UK has risen to a level where it poses a “national security threat”

Shopify helps merchants to go cross-border

Curve steps into BNPL

Claro is campaigning against BNPL

ZIP will let merchants accept Bitcoin

The British Retail Consortium is calling on politicians to tackle the cost of card fees

JPMorgan Chase has launched its UK digital bank

Amazon is working on a new type of point-of-sale system

Only 6% of US consumers with iPhones use Apple Pay in-store

Revolut and Monzo prepare to launch BNPL offer

JP Morgan buys majority stake in Volkswagen’s payments business

Apple’s App Store will allow ‘reader’ apps to bypass Apple’s payment system with their own

PayPal is raising fees for transactions between UK and European businesses

28% of UK consumers have ‘no idea’ what Open Banking is

Worldline and Bitcoin Suisse have announced the go-live of their omnichannel crypto payment solution in Switzerland

epay and Euronet announced the integration of the PayPal QR Code in their point-of-sale solution

Shopify is expanding its retail hardware to retail merchants in Germany

Laybuy has launched a mobile app

Citizens Advice latest research shows that 1 in 10 BNPL users have been chased by debt collectors