EMEA

American Express Global Business Travel Simplifies Structure to Reduce Compliance Costs
American Express Global Business Travel Simplifies Structure to Reduce Compliance Costs
July 11, 2023  |  B2B Payments

American Express Global Business Travel has begun eliminating its umbrella partnership-C corporate (UP-C) structure. With the series of transactions it has undertaken to do so, all...

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Amazon Challenges EU’s ‘Large Online Platform’ Law
Amazon Challenges EU’s ‘Large Online Platform’ Law
July 11, 2023  |  Legal

Amazon has filed a court challenge to Europe’s online content law for Big Tech companies. The company on Tuesday (July 11) filed suit before the Luxembourg-based...

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Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023  |  Regulation

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI)....

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Total Processing and Token.io Partner to Offer A2A Payment Solutions in Europe
Total Processing and Token.io Partner to Offer A2A Payment Solutions in Europe
July 10, 2023  |  Partnerships

Total Processing, a payment processor, and Token.io, an account-to-account (A2A) payment infrastructure provider, have joined forces to offer A2A payment solutions to their European customers. Token.io’s...

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Convera Concludes Western Union Business Solutions Deal
Convera Concludes Western Union Business Solutions Deal
July 10, 2023  |  Acquisitions

B2B FinTech Convera says it has completed its acquisition of Western Union Business Solutions (WUBS). WUBS was acquired last year by Goldfinch Partners and The Baupost Group for $910...

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B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
B2B Platforms Need to Think Globally, Act Locally to Drive Business Growth
July 10, 2023  |  B2B Payments

As companies look to steer their business strategy to drive growth, Pierre Lion, chief growth officer at FinTech firm Mangopay, says thinking globally should be...

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Report: Revolut US Payments Flaw Leads to $20 Million Theft
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023  |  Security & Fraud

A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over...

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UK Finance: 61% of Push Payments Fraud Tied to Meta
UK Finance: 61% of Push Payments Fraud Tied to Meta
July 09, 2023  |  Security & Fraud

British lobbying group UK Finance has reportedly tied a bulk of the country’s digital payments fraud to Meta Platforms. As the Financial Times reported Sunday (July 9) —...

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SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Faster Payments

SumUp has partnered with Form3 to enhance its business account offering for United Kingdom customers. With this move, SumUp, a global FinTech that serves 4 million small businesses in 35...

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