uk

UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
UK Regulator Reports ‘Broad Support’ for Reimbursing APP Fraud Victims
February 06, 2023  |  Security & Fraud

The U.K.’s payments regulator wants banks to reimburse victims of authorized push payment (APP) fraud. In light of a 40% increase in APP fraud in...

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Phlo Raises $12M to Extend Digital Pharmacy Services Across UK
Phlo Raises $12M to Extend Digital Pharmacy Services Across UK
February 03, 2023  |  Investments

Scotland-based digital pharmacy Phlo has reportedly raised 10 million pounds (about $12 million) in Series A funding. The digital pharmacy will use the new capital...

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UK Sets Stage for Future Digital ID Legislation and Data Use
UK Sets Stage for Future Digital ID Legislation and Data Use
February 03, 2023  |  Regulation

The U.K. government is seeking public comment on how to make it easier to prove one’s identity online. Consumers can comment on the draft legislation...

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Unbanked and Mastercard Partner on Crypto Card Issuance in Europe
Unbanked and Mastercard Partner on Crypto Card Issuance in Europe
February 02, 2023  |  Cryptocurrency

Unbanked and Mastercard have partnered to accelerate decentralized finance (DeFi) card issuance in Europe. Through this partnership, the two companies will use their existing footprint...

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Iwoca Raises New Finance to Fund UK and German Businesses
Iwoca Raises New Finance to Fund UK and German Businesses
February 02, 2023  |  SMBs

Embedded lending firm iwoca has raised new finance to meet a rising level of demand. The firm has increased its funding line from £125 million...

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ACI Expands; Says It Covers Third of Countries Offering Real-Time Payments
ACI Expands; Says It Covers Third of Countries Offering Real-Time Payments
February 01, 2023  |  Real-Time Payments

Software firm ACI Worldwide says it is expanding amid a global boom in real-time payments. The expansion means ACI now covers about a third of the world’s...

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Young Brits Seek to Improve Financial Literacy, Better Manage Debt
Young Brits Seek to Improve Financial Literacy, Better Manage Debt
January 31, 2023  |  Personal Finance

The number of British 16-24-year-olds seeking help to manage their debt has soared. In fact, since 2016 to 2017, the number of young people in...

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UK Loyalty Card Data Offers Consumers Early Diagnostic Insights
UK Loyalty Card Data Offers Consumers Early Diagnostic Insights
January 30, 2023  |  Loyalty & Rewards

Researchers have suggested that loyalty card data could help spot ovarian cancer cases earlier. Recent results published from the Cancer Loyalty Card Study (CLOCS), led...

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Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
January 29, 2023  |  Cryptocurrency

As European regulators crack down on unlicensed crypto exchanges, gaining approval is proving challenging. Last week, for instance, De Nederlandsche Bank (DNB), the Dutch central...

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