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Natwest becomes first bank accepted into UK Open Banking DPS

NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.


Citi taps ChargeAfter for POS instalment loan product

Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.


Cred moves into wealth management with acquisition of Kuvera

Indian fintech giant Cred is to move into the wealth management market with the acquisition of mutual fund and stock investment platform Kuvera.


HSBC installs first of ten 'Cash Pods' in town with no bank branches

HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in the Crown Glass Shopping Centre in Nailsea, North Somerset, in advance of the closure of the last bank in town.


Top 5 payment stories you missed in January 2024

Fintech is a busy world and sometimes we miss out on the biggest stories. Here are some of the top stories we saw in January 2024.


Banorte launches bineo, the first completely digital bank in Mexico

Chairman of Grupo Financiero Banorte, Carlos Hank Gonzalez, has launched bineo, the first fully digital bank in Mexico.


Mastercard supercharges fraud detection with GenAI

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.


Biometric card pioneer Zwipe backs out of payment card market

Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.


Mastercard bids to kill passwords with new biometric service

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.


CFPB takes on non-sufficient fund fees

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.


Citi unveils browser extension to help shoppers find online offers

Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.


Brex axes 20% of staff

Corporate spend management giant Brex has laid off 282 people (20% of its workforce) and revealed that its COO and CTO are leaving their roles.


Commerzbank and Global Payments form payments joint venture for SMEs

Global Payments and Commerzbank are to launch a joint venture company catering to the digital payment needs of small and medium sized enterprise in germany.


Swiss payments fintech Rivero raises $7 million

Swiss payment technology house Rivero has raised $7 million in Series A funding to step into new markets and boost its product development and workforce.


EBL to launch 'world-first' biometric metal card

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.


Visa expands Fintech Fast Track programme

Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.


Apple, Visa and Mastercard face anti-trust class action lawsuit

Apple, Visa and Mastercard are facing a class action lawsuit over allegations that they conspired to suppress competition in the market for point-of-sale payment card services.


UK payments watchdog proposes cap on interchange fees

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.


JCB to begin Phase 2 trials of offline CBDC

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).


Motive acquires controlling stake in Splitit Payments

Private equity firm Motive Partners has acquired a controlling stake in Australian-listed BNPL outfit Splitit Payments.