Editorial credit: UnImages / Shutterstock.com TrueLayer has announced that its technology is now the foundation for Stripe’s “Pay by Bank” feature in the UK. Under the agreement, Stripe has selected TrueLayer to…
Tag: money
Vegas casino pays $130m to settle unlicensed money transmission allegations
Credit Sean Pavone / Shutterstock US law enforcement have signed a non-prosecution agreement with Wynn Las Vegas (WLV), a prominent Las Vegas casino, regarding allegations of unlicensed money transmitting. The casino, owned…
FCA fines Coinbase £3m citing money laundering concerns
Credit: Pro Aerial Master / Shutterstock A Coinbase platform has found itself in choppy regulatory waters in the UK, having been hit with a hefty fine by the Financial Conduct Authority (FCA)….
Danish casino brand faces regulatory criticism for money laundering shortcomings
Editorial credit: hyotographics / Shutterstock.com Denmark’s gambling authority, the Spillemyndigheden, has issued its latest enforcement action against a betting operator for breaching AML requirements. The authority has reprimanded an online casino firm,…
HSBC, Virgin Money, Barclays and Nationwide hit by payments outages
Credit: chrisdorney, Shutterstock Three of the UK’s biggest retail and online banks saw an outage to their services on Friday (29 June), affecting customers at a time when payslips and bills are…
Money 20/20: JustEat and more merchants reveal the most pressing payment needs
Merchants, just like customers, are dependent on providing the latest and greatest forms of payment methods in order to appease and retain their clientele. But what are merchants seeking in 2024? As…
Money 20/20: How Veridas are fighting the surging deepfake fraud problem
Deepfakes, and generative artificial intelligence (gen AI) in general, are becoming an increasingly worrying problem for financial services. The emerging technology is evolving right before our very eyes and there remains more…
Money 20/20: Meta unveils the key ingredients behind subscription payments
“Everything is a subscription. Music, your dog food, razors, you name it, there’s probably a subscription behind it.” Vaishali Parekh, Product Lead at Meta, declared at Money 20/20 Europe that the subscription…
Money 20/20: Mastercard – reveals the challenges facing retail banks today
Retail banks are increasingly seeking to digitise their products and services in a bid to keep up to pace with the ever-evolving financial landscape. Ngozi Megwa, Senior VP of Global Retail Banking…
Visa announces issuance of 10 billionth token at Money 20/20
credit: Shutterstock Visa’s tokenisation efforts are bearing fruit after it was announced today (4 June) at Money 20/20 Europe that the global payments service has issued its 10 billionth token. This major…