Card and contactless payments continued to increase in 2019, with card payments accounting for over half (51 per cent) of all payments for the first time, according to the latest UK Payment Markets report from UK Finance.

Nine months after the regulation went live, nearly three-quarters of EMI Brands in the UK have yet to implement a PSD2 Open Banking compliant interface.

What are the reasons for this? There are three possible explanations. These organisations may simply not understand that they need to comply with the regulation, they may not have prioritised it yet, or, they may feel that any penalties imposed by the FCA won’t affect them.

UK-based payments service provider SumUp (www.sumup.co.uk) today announces a new experience to enable customers to support small businesses via social media during COVID-19 and beyond, by discovering Gift Cards directly from eligible SumUp businesses on Facebook and Instagram.

The coronavirus outbreak has spread to businesses, leaving many around the world counting costs. Notoriously, known as the Great Lockdown, it’s been affecting the world economy since early this year. The predicted recession is considered to be the steepest economic downturn since the Great Depression.

So, what does that mean for you? James Turner, Director at company formation specialists, Turner Little, suggests “While there’s no fool proof way to ‘recession-proof’ your finances, establishing a solid base now will put you in a better position to weather the storm.”

Landesbank Berlin, Germany`s largest issuer of co-branded credit cards, has chosen SIA, European hi-tech company, leader in the fields of payment services and infrastructures, for the realization of the new system for the management of payment cards co-branded with leading commercial partners in Germany, like ADAC (Allgemeiner Deutscher Automobil-Club) the German Automobile Club.

In only a year, a young technology company was able to change the trade finance market in Russia. The distributed platform automates the interaction of the customers’, suppliers’ and factors’ accounting systems, and removes all manual work in the preparation, verification, and approval of documents. Factorin reduces the overhead costs of all processes and minimizes the risks associated with human errors and fraud. 

Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS) and three new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).

JCB Finance will join the other 18 BBLS lenders who have been accredited since the scheme opened last month.

Ivalua, a leading provider of global spend management cloud solutions, has announced the findings of a worldwide study of supply chain, procurement, sales and finance business leaders on the current state of collaboration in procurement.

FIS™ (NYSE: FIS), a global leader in financial services technology, today announced Fraud Freedom, a new chargeback indemnification service designed for cryptocurrency brokers and exchanges.