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The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.
22 July 2024
Block is killing off its Cash App P2P payments service in the UK as it "deprioritises global expansion".
19 July 2024
California-based Aven has raised $142 million to bring its home equity-backed credit card to homeowners across the US.
Standard Chartered is among the firms picked to join Hong Kong's new stablecoin issuer sandbox. The announcement comes a day after the island's regulators said they will soon propose a regulatory regime for stablecoin issuers.
The Bank of England says a 'global payments issue' dealyed high value payments, including house purchases, processed through the national real-time gross settlement system Chaps.
18 July 2024
Indian cryptocurrency exchange WazirX has been hacked, with crooks making off with around $230 million in various tokens.
Allium, a blockchain data platform that works with the like of Visa and Stripe, has raised $16.5 million in a Series A funding round.
Natwest has made its banking app available on Apple Vision Pro, the tech giant's smart googles which blend digital content with the physical world to create new immersive experiences.
The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.
Chase customers will soon be banned from using their credit cards to pay for third-part BNPL instalment plans.
Matera, a Brazilian fintech that has become a significant part of the country's Pix instant payments ecosystem, is targeting North America after securing $100 million in investment from Warburg Pincus.
Swedish BNPL outfit Klarna is lining up potential financial advisors for a US initial public offering that could happen in the first half of next year, according to the Financial Times.
17 July 2024
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