Two new independent directors have been appointed by Bacs Payment Schemes Limited (Bacs) to the Current Account Switch Service Executive Committee, fulfilling a key undertaking set out by the Competition and Markets Authority (CMA).

The appointment of Chris Pond and Faith Reynolds further strengthens governance of the switching service and ensures wider representation in the decision-making process from the likes of consumer groups and small businesses, meeting the requirement set out in the CMA’s investigation into the personal current account market last year.

Today, PayPoint, the UK’s leading retail technology and multichannel payments provider to convenience and independent retailers, has announced a strategic partnership with customer engagement specialists, Box Technologies. 

Does payment security matter?

Ask yourself a simple question: would you be more likely or less likely to do business with a company that has been the victim of a data breach? Few of us would say more likely. Payment card security matters.

With cybercrime on the increase, payment card security is increasingly a focus for companies and consumers alike. The Payment Card Industry Data Security Standard (PCI DSS) is there to help businesses that take card payments protect their payment systems from breaches and theft of cardholder data.

Fraud and risk management experts, The ai Corporation (ai), are helping global retailers to combat fraudulent use of fuel cards, and protect users, using artificial intelligence (A.I.) and machine-learning (ML), in a move that will revolutionise the global retail industry’s use of fuel cards.

As traditional methods of trading continue to be challenged, 2017 is the year (and time) to “re-think traditional trading”. Returning after a successful inaugural year, this year’s Fixed Income Leaders Summit APAC will be back in an enhanced format from 26^th to 28^th September at The Westin Hotel in Singapore.

Payworks, a leading provider of Point of Sale payment infrastructure, announced today their new certification with First Data Merchant Solutions UK (FDMS), a global leader in commerce-enabling technology and solutions. 

The first blockchain fundraising platform that offers 3-in-1 solutions for ICOs, crowdfunding, and crowdinvesting started its ICO today at 1 PM (GMT) and already by 3 PM reached its 69 percent goal.

A short time ago, I hosted an interesting group for the Nordic Finance Innovation meetings.  The meeting gathered several of the leading-edge Banking-as-a-Service (BaaS) companies that have launched in the last few years including Bud, Clearbank, Leveris, Saxo Bank and Solaris.  Building on each others narrative it soon became clear that anyone could launch a full scale bank without a banking licence.  I could launch a bank with a few APIs from Bud and Solaris.  I could launch a full-scale investment and retail bank if I added in a few more from Saxo Bank.  This is something else.

PayPal customers in the U.S. can now earn cash back on every purchase online and in stores with today’s launch of the new PayPal Cashback Mastercard issued by Synchrony Bank. The PayPal Cashback Mastercard, designed exclusively for PayPal members, offers cardholders 2% cash back every day, on every purchase – everywhere Mastercard is accepted.