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BBVA BACKS UK DISRUPTOR ATOM WITH FURTHER INVESTMENT
BBVA is to increase its stake in UK digital bank Atom with a further £85.4 million cash injection. This brings the total invested so far, including this latest round, to £167 million and its ownership in the challenger bank to 39 percent, which is subject to regulatory and shareholder approval. Since launching in 2016, the [...]
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NPSO TAKES OVER CONSOLIDATION OF BACS AND FASTER PAYMENTS
The New Payment Systems Operator (NPSO) has announced that it has taken over responsibility for the operation of Bacs and Faster Payments. The completion of this transaction represents a significant milestone for the payments industry and is the latest step in a series of developments bringing wholesale change to UK payments. The PSR set up [...]
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INGENICO LAUNCHES ANDROID POS MARKET PRODUCTS
As the Android POS market really begins to gain traction in both mPOS and traditional POS, Ingenico launched Axium, its next-generation POS platform designed with acquirers’ clients in mind. It gives access to a complete cloud ecosystem for commerce, which builds on the open Android and Ingenico’s Telium Tetra operating systems to converge business and [...]
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RIPPLE DEVELOPS BLOCKCHAIN PAYMENT APP WITH 61 JAPANESE BANKS
Ripple in partnership with a consortium of 61 Japanese banks has developed a payments app that settles transactions instantly via Blockchain technology. Ripple says that the ‘Money Tap’ app will first go live in the autumn. It will initially be available via three banks — SBI Net Sumishin Bank, Suruga Bank and Resona Bank — [...]
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CONSUMERS AT RISK AS MOBILE BANKING TROJANS THREATEN
Consumers around the world that use mobile banking apps are at a greater risk of being tricked by cybercriminals and falling victim to mobile banking Trojans. This is according to new global research from Avast, which asked almost 40,000 consumers in 12 countries around the world to compare the authenticity of official and counterfeit banking [...]
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