Latest News – Page 173

BNY Executes Record-Breaking Instant Payment in U.S. History

BNY has executed the largest instant payment in U.S. history using The Clearing House's RTP Network, transferring $10 million to Bank of America on behalf...

Union Files Lawsuit Regarding CFPB Closure

A labor union has initiated legal action against Consumer Financial Protection Bureau (CFPB) acting director Russell Vought after he instructed staff to suspend much of...

Impersonation Scam Losses Surge Over 100% in H1

The public has been alerted to a significant rise in fraudulent calls, texts, and emails, as recent data from UK Finance reveals that the number...

BNPL Company Tabby Engages Banks for Upcoming IPO

UAE-based buy now, pay later company Tabby has engaged banks in preparation for a potential initial public offering (IPO). Sources indicate that the firm is...

Banks Held Responsible for “Alarmingly Low” Reimbursement Rates for APP Fraud

Over three-quarters of bank customers have been unable to secure reimbursements after becoming victims of authorized push payment (APP) scams. In 2020, losses from bank...

Australia’s AMP Leverages Starling Technology for Small Business Digital Banking

Australian financial services firm AMP has partnered with Engine by Starling to launch a new digital bank tailored for small business owners and everyday customers....

Lunar Secures €35 Million Funding Amid Challenging Economic Landscape

Danish neobank Lunar has successfully raised €35 million to support its growth and development as it continues to expand across the Nordic region and accelerate...

Sardine Secures $70 Million for AI-Driven Fraud Prevention Platform

Sardine, an AI risk platform specializing in fraud prevention, compliance, and credit underwriting, has successfully secured $70 million in a Series C funding round led...

Leading Tech Firms Commit £1 Million to Support UK Anti-Fraud Initiative

Major technology companies, including Google, Facebook, Instagram, Twitter, Amazon, Microsoft, and TikTok, have committed £1 million to an anti-fraud campaign in the UK. This funding...

Klarna Partners with JPMorgan Payments to Enhance Merchant Services Offering

Klarna’s buy now, pay later options are set to be available for businesses using JPMorgan Payments for their payment processing. As the Swedish BNPL giant...