uk

UK Contactless Spend Hits £1.5B Milestone
UK Contactless Spend Hits £1.5B Milestone
May 20, 2016  |  Payment Methods

The U.K. Cards Association announced on Thursday (May 19) that the monthly spending on contactless cards reached a record £1.5 billion in March 2016. In...

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UK Regulator Pushes Retail Banking Reform
UK Regulator Pushes Retail Banking Reform
May 18, 2016  |  Regulation

In a 405-page document by the United Kingdom’s Competition and Markets Authority (CMA), a number of proposals came to light that would encourage more competition...

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Barclays’ Mobile Payments App To Be In Play Soon
Barclays’ Mobile Payments App To Be In Play Soon
May 13, 2016  |  Mobile Payments

It looks like the Barclays Mobile Banking app will be going head to head against Android Pay in the very near future. The U.K. bank...

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The UK’s Technology ‘Hotbed’ Picks Up Steam
The UK’s Technology ‘Hotbed’ Picks Up Steam
May 13, 2016  |  International

Each week, PYMNTS will cast a global spotlight on one of the many tech hubs sprouting up across the world. This Weekly Country Roundup will...

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London’s Dirty Little (Money Laundering) Secret
London’s Dirty Little (Money Laundering) Secret
May 12, 2016  |  Security & Fraud

Insider warnings have led to speculation that London may be transforming into a global hub for illicit finance. At least that’s what a recent investigation...

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Lending Club Ripple Effect Reaches Across The Pond
Lending Club Ripple Effect Reaches Across The Pond
May 11, 2016  |  International

The Lending Club saga has had reverberations across the pond, according to Reuters. As noted by the newswire on Tuesday (May 10), the fact that...

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Cyberattacks Have Hit Majority Of Big UK Businesses
Cyberattacks Have Hit Majority Of Big UK Businesses
May 09, 2016  |  Security & Fraud

The majority of large businesses based in the United Kingdom have been victims of cyberattacks in the past year, new research has posited. As reported...

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European P2P Lending Platform Lendix Raises $13.5M
European P2P Lending Platform Lendix Raises $13.5M
April 27, 2016  |  Alternative Finances

France-based Lendix has secured a $13.5 million investment in its Series B funding round, led by CNP Assurances, it announced Tuesday (April 26). The company...

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‘Fraud Squad’ Cracks $43M Money Laundering Ring
‘Fraud Squad’ Cracks $43M Money Laundering Ring
April 25, 2016  |  Security & Fraud

The City of London Police made what’s believed to be the biggest seizure ever by U.K. law enforcement last week. CNNMoney reported that a special...

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