December 2021 card spending data from UK Finance reveals that the average amount spent per contactless card transaction rose by almost 30 per cent following the contactless spending limit increasing from £45 to £100 in October last year.  

In September, prior to the contactless limit increase, the average spend per contactless payment was £11.86, which increased to £15.30 in December.  

The new solution, ITP Data Analytics, enables firms to research and optimize the timeliness and accuracy of their trade processing and compare it against peers while gaining operational insights as they prepare for T+1 in the U.S. and to meet regulations such as CSDR in Europe

Solution significantly lowers Financial Institution settlement costs by up to 90% for international brokerage account transactions

 Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), announces today that it has partnered with Ledger, the leading hardware wallet provider, to enable direct on-ramps for 125+ cryptocurrencies with all the leading fiat funding options via its Simplex by Nuvei solution. Through Ledger Live, Ledger users will be able to purchase cryptocurrencies through Visa, Mastercard, SEPA, SWIFT and over 100 other fiat funding options for various global currencies.

Community bank invests in AI-powered technology to become more client focused, automated and agile

Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, announced today the completion of the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business of Piraeus Bank (Bank) in Greece.

Small and medium-sized businesses can access working capital loans up to £3 million, make secure international payments and expand into new geographies within days

Following publication of the Bank of England and FCA’s Artificial Intelligence Public-Private Forum (AIPPF) final report on AI in financial services, Gery Zollinger, Head of Data Science & Analytics at Avaloq, assesses the best ways to support ethical use of AI by financial firms.