United Kingdom

UK Reveals Late Payments Law Loophole
UK Reveals Late Payments Law Loophole
July 08, 2019  |  B2B Payments

The U.K. is perhaps the most vocal market in the late B2B payments world, with regulators working to address delayed invoice payments, while FinTechs and...

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UK Watchdog Orders Barclays To Improve SMB Treatment
UK Watchdog Orders Barclays To Improve SMB Treatment
July 08, 2019  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) is ordering Barclays to improve its treatment of small and medium-sized businesses (SMBs) after the financial institution reportedly...

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Crypto Drug Dealers Get Jail Terms
Crypto Drug Dealers Get Jail Terms
April 26, 2019  |  Bitcoin

After relying on the supposed anonymity of bitcoin, members of a ring that imported drugs into the United Kingdom with the help of the dark...

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Ant’s Xiang Hu Bao Brings In 50M Users; Bristol Leads UK In Contactless Payments
Ant’s Xiang Hu Bao Brings In 50M Users; Bristol Leads UK In Contactless Payments
April 11, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes a ranking that shows Bristol as the top city for...

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Draft Guidelines Clarify GDPR Scope
Draft Guidelines Clarify GDPR Scope
December 03, 2018  |  Regulation

As GDPR continues to take root, having an impact in Europe and beyond the confines of the continent, news came late last month that the...

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Western Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments
Western Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments
October 10, 2018  |  Global Payments

Welcome to The Axis, your look at payments news from around the world. Coverage includes The Western Union Company’s roll out of high-value digital transfers...

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US Regulators Lead Pack In Penalties On Firms And Individuals
US Regulators Lead Pack In Penalties On Firms And Individuals
October 05, 2018  |  Regulation

In the rundown of how individual countries rank, in terms of regulators levying fines on people and corporations, the United States tops the list. That’s...

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Western Union Expands Banco Monex Alliance, Volopa Unveils Contactless Multi-Currency Cards
Western Union Expands Banco Monex Alliance, Volopa Unveils Contactless Multi-Currency Cards
September 24, 2018  |  Global Payments

Welcome to The Axis, your look at payments news from around the world. Coverage includes the expansion of the alliance between Western Union Business Solutions and...

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PayPal-iZettle Deal Probed By UK Regulators
PayPal-iZettle Deal Probed By UK Regulators
September 21, 2018  |  Partnerships / Acquisitions

As reported by the Financial Times on Friday (Sept. 21), the United Kingdom’s competition watchdog, the Competition and Markets Authority said, in what is known...

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