The FCA wants to give card providers the flexibility to decide the right limit for them and their customers.

Many card providers already offer customers the ability to adjust their personal contactless limits or turn off contactless functionality on their card altogether. The FCA is encouraging firms to continue to offer their customers this choice. 

David Geale, executive director of payments and digital finance at the FCA, said:

Float today announced the launch of Float Business Accounts, Canada’s first fintech-built solution with zero fees, instant liquidity, market-leading returns and CDIC deposit insurance in a single account. This new account combines the everyday functionality of a chequing account with the earning power of a savings product—all without sacrificing speed, security or returns.

bunq, Europe’s second largest neobank, is celebrating the 10-year anniversary of its first app launch by surpassing 20 million users across Europe. To mark the occasion, bunq has introduced a complete app redesign and a suite of new features.

Liquidnet, a leading technology-driven agency execution specialist, today announced the launch of a new trading solution designed to support European buy-side traders in accessing bilateral liquidity more effectively. The initiative integrates access to bilateral liquidity from Liquidnet’s front-end application and through the firm’s liquidity-seeking algorithmic suite, providing a consolidated and controlled route to interact with leading liquidity providers.

Flutterwave, Africa’s leading technology company, is today announcing its partnership with Clear Junction, a trusted partner and pioneer payments solutions for regulated institutions.

Equifax has announced the opening of its state-of-the-art AI Innovation Lab at its operation in Wexford, Ireland, a new facility dedicated to advancing the company’s global artificial intelligence research and development. The new Lab builds on the company’s more than 10-year history of AI innovation and expands its global team of over 1,200 data and analytics professionals

ClearBank, the enabler of real-time clearing and embedded banking, today announces the expansion of its next-generation banking and payments services to UK corporate businesses, marking the next chapter in its growth strategy.

Gatehouse Bank has today expanded its Buy-to-Let (BTL) product offering for UK residents to include 5% and 7% product fee options available on two-year and five-year fixed term products.

Following today’s updates, the Bank now offers BTL rental rates* for UK residents starting from 3.39%.