Almost £60 million has been reported stolen through card fraud over the past three years in the UK according to new research from Trustly, the global leader in open banking payments. The figures were obtained via a freedom of information request sent to the National Fraud Intelligence Bureau run by City of London Police.

UNIPaaS, a leading Payment as a Service (PaaS) provider, has announced a new partnership with American Express that will enable more small and medium-sized businesses (SMBs) to offer their customers the option of paying invoices with Amex Cards through its platform.

Genesis Global announced that Sumeet Chabria, formerly Global Head of Business Services and COO for Technology and Operations at Bank of America and Global CIO for Banking and Markets at HSBC, has joined the firm as a senior advisor.

Innovation in payments is critical to keep pace with evolving consumer and business behaviours, and demands. The financial services industry must continue to develop forward-looking solutions to address immediate challenges and push the boundaries of what is possible. 

Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, today announced it has raised $ 15 million in Series A equity funding. The round was led by PayPal Ventures, with participation from NFX, Globo Ventures, Clocktower Ventures, Big Bets, FJ Labs, Endeavor and Norte Ventures. Ume has also raised a USD $20 million FIDC debt facility from Verde, Wersten Asset, Itaú, Credit Saison and Milenio.

Fime, a global leader in consulting, testing, and certification services, is excited to announce the acquisition of Consult Hyperion, a renowned consultancy firm with expertise across payments, smart mobility and digital identity. The acquisition augments and cements Fime’s ability to deliver comprehensive consulting and advisory services—from ideation to implementation and testing—across these key sectors.

Paymentology, the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54, a company dedicated to providing secure messaging and instant payment systems.

HiBob, the company behind Bob, the modern HR platform transforming the world of work, today proudly announces the launch of UK Payroll, a next generation payroll processing product for the UK workforce. 

Tide, the UK’s leading business financial platform, has reached one million customers (members) globally, a significant milestone for the Company. This includes 650,000 members in the UK, and 350,000 in India, where it launched in December 2022. Tide entered the German market in May, where it has started to roll out its product proposition.

CTS EVENTIM, the leading provider of ticketing services and live entertainment in Europe, and number two in the world, is offering its customers a new, simple, and user-friendly payment option. Collaborating with Tink, a market-leading payment services and data enrichment platform, CTS EVENTIM has now added Pay by Bank to its checkout process. Pay by Bank shortens the payment journey and improves the user experience.