U.K.

The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a sovereign country in north-western Europe, off the north-­western coast of the European mainland.

UK’s Online Grocer Ocado Sued Over Patent Claims
UK’s Online Grocer Ocado Sued Over Patent Claims
October 01, 2020  |  Legal

U.K. online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore, Reuters reported. Get the Full Story...

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EE, Square Team On Contactless Payments For SMBs
EE, Square Team On Contactless Payments For SMBs
October 01, 2020  |  B2B Payments

EE, which is part of BT Group, is partnering with Square to help expand the availability of contactless payments for small- to medium-sized businesses (SMBs)...

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UK Cracks Down On Late Payments To Suppliers
UK Cracks Down On Late Payments To Suppliers
September 30, 2020  |  Regulation

Large U.K. companies could face fines or penalties if they don’t pay smaller suppliers on time under new rules being considered by the government, the...

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UK Faces $30B In COVID Loan Losses
UK Faces $30B In COVID Loan Losses
September 30, 2020  |  International

The U.K. government now estimates its losses from the pandemic could hit 23 billion pounds (about $30 billion), Bloomberg reported, coming from loans used to...

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UK Retail Sales Get Further Lift After Lockdown Rules Dropped
UK Retail Sales Get Further Lift After Lockdown Rules Dropped
September 24, 2020  |  Retail

As the U.K.’s lockdown measures were lifted, consumers went out shopping for various products, including home-related goods like sofas. As a result, U.K. retail sales...

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Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks’ Aggregation Platform
September 21, 2020  |  Partnerships / Acquisitions

Swedish open-banking platform Tink and U.K.-based OpenWrks have entered into a strategic partnership that includes Tink acquiring OpenWrks’ aggregation platform for an undisclosed sum. Get...

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British Retail Sales Volumes Climb 0.8 Pct In August
British Retail Sales Volumes Climb 0.8 Pct In August
September 18, 2020  |  Retail

Retail sales volumes in Great Britain rose by 0.8 percent in August in contrast to July, marking the fourth straight month of expansion, according an...

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Pay.UK’s Answer Pay And Mastercard Execute Successful First Transaction
Pay.UK’s Answer Pay And Mastercard Execute Successful First Transaction
September 17, 2020  |  Payments Innovation

British payments firm Pay.UK’s Answer Pay service and new enrollee Mastercard have successfully completed their first post-testing transaction involving Answer Pay’s “Request to Pay” service,...

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Tesco Bank Debuts Digital Payment Platform For 2.6M Credit Card Customers
Tesco Bank Debuts Digital Payment Platform For 2.6M Credit Card Customers
September 15, 2020  |  Digital Payments

Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 million credit...

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