uk

14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

READ MORE >
JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
JPMorgan Boosts Business After Silicon Valley Bank’s Collapse
July 12, 2023  |  Banking

Silicon Valley Bank’s collapse in March has prompted J.P. Morgan to tap into the resulting vacuum and grow its business of banking venture capitalists and...

READ MORE >
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  |  Legal & 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)....

READ MORE >
Report: Revolut US Payments Flaw Leads to $20 Million Theft
Report: Revolut US Payments Flaw Leads to $20 Million Theft
July 09, 2023  |  Cybersecurity

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...

READ MORE >
UK Businesses Say New Subscription Rules Too Rigorous
UK Businesses Say New Subscription Rules Too Rigorous
July 09, 2023  |  Subscriptions

British businesses are protesting new regulations to make it easier for customers to cancel subscriptions. As the Financial Times (FT) reported Friday (July 7), the broadcaster...

READ MORE >
UK Finance: 61% of Push Payments Fraud Tied to Meta
UK Finance: 61% of Push Payments Fraud Tied to Meta
July 09, 2023  |  Cybersecurity

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) —...

READ MORE >
SumUp Selects Form3 for Access to UK Faster Payments Scheme
SumUp Selects Form3 for Access to UK Faster Payments Scheme
July 07, 2023  |  Real-Time 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...

READ MORE >
BP Begins Rollout of Digital Payments Solution for Fleets
BP Begins Rollout of Digital Payments Solution for Fleets
July 05, 2023  |  B2B Payments

BP has begun its rollout of a digital payments solution for fleets. The energy company’s new BP In-Truck Connect is being launched in the United Kingdom with Mercedes-Benz...

READ MORE >
Zellis and Wagestream Partner to Support Financial Wellbeing for UK Employees
Zellis and Wagestream Partner to Support Financial Wellbeing for UK Employees
July 05, 2023  |  Partnerships

Workplace solutions provider Zellis has launched its new workforce finance platform MyView PayNow in the United Kingdom. The joint venture with Wagestream is designed to provide financial wellness to employees and have a...

READ MORE >