Fintech

By 2030, Mastercard plans to phase out the manual entry of card information in European e-commerce transactions. Digital buyers who have become accustomed to entering their 16-digit card number and personal data will now be able to make purchases with a single click. The foundation for the credit card giant’s new process is tokenization, and […]

A new report from Visa digs deep into what they call “fintech-forward” consumers, who embrace diverse platforms, apps, and innovative payment methods for financial management. The How Digital Maturity Shapes Consumer Financial Behavior report, in collaboration with polling firm Ipsos, looked at six personas representing different financial mindsets. The most affluent and open to new experiences are […]

The Consumer Financial Protection Bureau took a key step toward enabling open banking in the U.S. by outlining guidelines for a standard-setting body. Open banking requires customers to share their bank and credit card account data with third-party financial technology companies, such as application programming interfaces. Defining and protecting consumers’ data rights is a critical part […]

Criminals are increasingly impersonating retailers to scam consumers out of money. According to the Federal Trade Commission, Best Buy, Amazon, and PayPal were among the retailers impersonated the most last year. These three companies alone were named in 98,000 fraud reports. However, the most damage was done when criminals impersonated Microsoft or Publishers Clearing House. […]

UK challenger bank Tandem has posted its second successive year of profitability as it attracts customers with its green focus. Tandem saw underlying profitability grow five-fold on the previous year, hitting £17.2 million, thanks to a net interest income rise of 28% to £87.8 million. The challenger has repositioned itself as a green alternative to […]

Quantexa debuts Q Assist, its new context aware Gen AI suite. Early adopter HSBC is supporting the new suite via Quantexa’s Lighthouse programme Technology leader in decision intelligence (DI) solutions for public and private sectors, Quantexa, has announced the launch of Q Assist, a context-aware generative AI (Gen AI) suite designed to help organisations augment […]

Compare the Market has announced the integration of Zopa Bank and Lendable into its rapidly growing Money Platform The move allows Zopa Bank and Lendable to leverage Compare the Market’s innovative products and services, aiming to facilitate more efficient and intelligent lending decisions for consumers. The integration includes a variety of financial products such as the Zable credit card, […]

HSBC and BNY Mellon are among the early adopter programme participants for Quantexa’s Q Assist context aware generative AI technology suite. Quantexa describes itself as an AI, data and analytics software company focused on “decision intelligence” that helps organisations make operational decisions with data. The firm says its new Q Assist suite will help customers […]

Shoppers are particular about what payment methods they like using and are letting retailers know. According to a new survey from payment service company Adyen, 55% of consumers will abandon a purchase if they can’t pay how they want. More than a quarter (27%) of consumers say they don’t carry wallets anymore and instead are […]

A UK tribunal has ruled that interchange fee lawsuits against Visa and Mastercard can proceed. The two US giants are being sued on behalf of hundreds of merchants over the multilateral interchange fees charged for accepting card payments. Having initially declined to certify the cases, London’s Competition Appeal Tribunal has now given the green light […]