uk

ACI Worldwide Offers Instant Payments to UK and EU Merchants
ACI Worldwide Offers Instant Payments to UK and EU Merchants
June 19, 2023  |  Real-Time Payments

ACI Worldwide has launched its instant payments solution for merchants in Europe and the U.K. ACI Instant Pay will let merchants in these areas accept instant...

READ MORE >
Investor Molten Ventures Cuts 40% off Revolut’s Valuation
Investor Molten Ventures Cuts 40% off Revolut’s Valuation
June 15, 2023  |  Business

Revolut’s struggle to land a U.K. banking license continues to cost the London-based FinTech. Molten Ventures, a venture capital firm that has invested in Revolut,...

READ MORE >
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
AI Regulation: How Could It Impact Everyday Life for Consumers and Businesses
June 15, 2023  |  Regulation

By Danni Yu & Benjamin Cedric Larsen Different AI regulatory regimes are currently emerging across Europe, the United States, China, and elsewhere. But what do these...

READ MORE >
GoCardless Cuts Staff by 15% in Push to Profitability
GoCardless Cuts Staff by 15% in Push to Profitability
June 13, 2023  |  Personnel

U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday...

READ MORE >
HSBC Innovation Banking Debuts in UK
HSBC Innovation Banking Debuts in UK
June 12, 2023  |  Banking

British banking giant HSBC has officially launched a revamped version of Silicon Valley Bank UK. After weeks of teasing an innovation-focused version of SVB UK...

READ MORE >
Investors Bullish on Farfetch After Strong Results Announced in May
Investors Bullish on Farfetch After Strong Results Announced in May
June 09, 2023  |  Retail

Shares of luxury eCommerce retailer Farfetch have been on the rise. The British luxury goods merchant’s shares rose as much as 15% Friday amid elevated trading volume,...

READ MORE >
UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
UK Tribunal Halts Proposed Class-Action Lawsuits Against Mastercard and Visa
June 08, 2023  |  Credit Cards

Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by...

READ MORE >
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
UK Regulator: Banks Have Five Days to Reimburse Push Payments Fraud Victims
June 07, 2023  |  Regulation

Authorized push payments (APP) fraud victims in the U.K. could soon see faster reimbursements. That’s according to Great Britain’s Payment Systems Regulator (PSR) which on Wednesday (June...

READ MORE >
Stitch Fix Looks to Exit UK and Cut Back US Distribution
Stitch Fix Looks to Exit UK and Cut Back US Distribution
June 07, 2023  |  Retail

Stitch Fix is considering withdrawing from the British market as it rethinks its business. The online personal styling service said in an earnings announcement Tuesday (June 6) that...

READ MORE >