Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the retail banking sector. The order requires banks to follow strict rules for informing customers about...
Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form like cryptocurrency, according to CoinDesk. That forced the entire operation to shut down for six...
The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. Contactless payments, after all, could help prevent the virus from spreading further, if people can avoid touching others. Contactless payments constitute eschewing the usual process of entering PINs...
Cross-border B2B payments company TransferMate announced news on Monday (Nov. 20) that it secured equity investment from Allied Irish Banks. In an announcement emailed to PYMNTS, TransferMate said it received more than $35 million, with the investment seeing Allied Irish Banks (AIB) taking a minority...
September 08, 2025
Ireland’s three retail banks say they will introduce a mobile payment service next year. Zippay, a joint collaboration by AIB, Bank of Ireland and PTSB, is set to debut in early 2026, the Banking and Payments Federation of Ireland (BPFI) announced Monday (Sept. 8). According to the announcement, Zippay will be an in-app service provided […]
July 25, 2024
Four major U.K. banks have been accused of violating a regulator’s competition rules. The Competition and Markets Authority (CMA) says HSBC, Lloyds, TSB and AIB all breached a 2017 order created in response to competition concerns in the...
May 06, 2020
Irish bitcoin ATM operator Boinnex found itself facing roadblocks from Allied Irish Banks (AIB), which shut down its account and said it didn’t want to deal with an unregulated form...
March 18, 2020
The coronavirus outbreak, now spreading worldwide, has caused Ireland’s AIB to reconsider charging people for contactless payments. Contactless payments, after all, could help prevent the virus from spreading further, if...