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 FCA Asks Banks To Explain High Overdraft Fees

UK FCA Asks Banks To Explain High Overdraft Fees
UK FCA Asks Banks To Explain High Overdraft Fees
January 28, 2020  |  Cross-border Payments

The U.K.’s Financial Conduct Authority (FCA) is questioning banks about recently-hiked overdraft fees, some as high as 40 percent and 10 times the cost of...

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N26 Reaches 250K Customers Since US Launch
N26 Reaches 250K Customers Since US Launch
January 27, 2020  |  Banking

N26, a mobile bank and a subsidiary of one of Europe’s fastest-growing financial startups, has announced that after five months of operation in the U.S.,...

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Takeaway.com’s Just Eat Buyout Faces Regulatory Setback
Takeaway.com’s Just Eat Buyout Faces Regulatory Setback
January 24, 2020  |  Legal & Regulation

After a British competition body said it would probe its purchase of Just Eat, food delivery firm Takeaway.com said the forecasted timetable for its takeover...

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Revolut Offers High-Interest Savings Product In UK
Revolut Offers High-Interest Savings Product In UK
January 23, 2020  |  Cross-border Payments

Global financial services startup Revolut is now offering U.K. customers a 1.35 percent AER interest rate with its new product, Savings Vaults, the company announced...

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i2c, CashFlows Partner To Assist European Payment Card Issuers
i2c, CashFlows Partner To Assist European Payment Card Issuers
January 22, 2020  |  Partnerships

Payments processing and digital banking tech firm i2c has partnered with business payment services provider CashFlows to benefit payment card issuers across Europe, i2c announced...

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Amazon Seeks Pharmacy Trademarks In Canada, UK, Australia 
Amazon Seeks Pharmacy Trademarks In Canada, UK, Australia 
January 21, 2020  |  Cross-border Payments

Amazon has filed for a trademark for Amazon Pharmacy in several countries, according to a report by CNBC. Get the Full Story Complete the form...

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Proposed UK Bill Aims To Crack Down On Late Payments
Proposed UK Bill Aims To Crack Down On Late Payments
January 21, 2020  |  B2B Payments

Labor peer Lord Jonathan Mendelsohn, a member of the House of Lords of the British Parliament, has introduced a bill to combat late payments and...

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Late Payments Cause Cash Flow Pain From UK To India
Late Payments Cause Cash Flow Pain From UK To India
January 20, 2020  |  B2B Payments

Among other strategies, the U.K. has enlisted a name-and-shame approach to late-paying corporates. Yet analysts agree that the late B2B payments problem continues to worsen....

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