uk

LHV UK Fights Push Payment Fraud With Confirmation of Payee Service

LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
LHV UK Fights Push Payment Fraud With Confirmation of Payee Service
June 14, 2022  |  Cybersecurity

Banking services provider LHV UK is fighting authorized push payment (APP) fraud with the integration of the Confirmation of Payee (CoP) service, now live for...

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Today in TechREG: EU Faces Opposition for Digital Euro; Amazon Offers Remedies for EU Antitrust Fines
Today in TechREG: EU Faces Opposition for Digital Euro; Amazon Offers Remedies for EU Antitrust...
June 13, 2022  |  Legal & Regulation

Today in TechREG news, the European Commission will see the results (June 13) of a public consultation on the digital Euro and according to the...

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SMB Trade Finance Bank Neotrade Launches in UK
SMB Trade Finance Bank Neotrade Launches in UK
June 13, 2022  |  SMBs

Trade finance bank Neotrade has launched in the U.K., offering financing for small- to medium-sized businesses (SMBs) using an artificial intelligence (AI)-based scoring system to...

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UK Online Retail Sales Fall 8.7% in May
UK Online Retail Sales Fall 8.7% in May
June 13, 2022  |  Retail

Sales by discount retailers fell 15% in May across the United Kingdom, leading an overall 8.7% year-over-year drop in those types of purchases in the...

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Walmart Invites UK Sellers to Join Its Online Marketplace
Walmart Invites UK Sellers to Join Its Online Marketplace
June 13, 2022  |  Walmart

Walmart wants U.K. retailers to join its online marketplace to give them another place to make their eCommerce revenue, touting the 120 million monthly visitors...

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Revolut Debuts US Dollar B2B Payments Transfers to UK
Revolut Debuts US Dollar B2B Payments Transfers to UK
June 10, 2022  |  B2B Payments

FinTech app Revolut has announced it will allow its business customers to make fee-free U.S. dollar (USD) transfers to the United Kingdom, IBS Intelligence reported...

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BOE: UK Banks Need to Show They Can Fail ‘Safely’
BOE: UK Banks Need to Show They Can Fail ‘Safely’
June 10, 2022  |  Europe

Three of the U.K.’s biggest lenders need to do more to show they could fail without harming customers and taxpayers, the Bank of England (BOE)...

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Today in TechREG: CFPB’s ‘No-Action Letters’ May Raise Questions; WhatsApp Has One Month to Comply With EU Consumer Law
Today in TechREG: CFPB’s ‘No-Action Letters’ May Raise Questions; WhatsApp Has One Month to Comply...
June 09, 2022  |  Legal & Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) removed Upstart from its list of approved “no-action letters” (NALs). The NALs provided regulatory immunity, but...

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