Fintech Cushion Closes Its Doors
Cushion, an app designed to assist Americans in negotiating bank and credit card fees for refunds, has officially closed its operations. In a LinkedIn post,...
UK to Implement New Regulations to Safeguard Cash Transactions and Compensate Fraud Victims
The UK Government is set to introduce new legislation aimed at safeguarding access to cash and requiring banks to reimburse victims of authorised push payment...
UK Treasury Committee Recommends Treating Cryptocurrency as Gambling
The UK Treasury Committee has urged that consumer trading in unbacked cryptocurrencies, such as bitcoin and ether, be regulated similarly to gambling. This influential cross-party...
Nationwide Prevents 2,000 Additional Fraud Cases Monthly with SCA Regulations
Nationwide Building Society reports that the implementation of Strong Customer Authentication (SCA) rules in March has helped the institution prevent approximately 2,000 cases of online...
Ripple Acquires Crypto Custody Firm Metaco
Blockchain firm Ripple has acquired Swiss crypto custody provider Metaco in a $250 million deal. This acquisition represents Ripple's entry into the burgeoning institutional crypto...
Google Introduces Virtual Cards for Chrome and Android
Google is collaborating with Visa, Mastercard, and American Express to introduce virtual cards for Chrome and Android users. Starting this summer, shoppers with eligible cards...
Bank of America Spearheads $35 Million Funding Round for OpenFin
Bank of America has spearheaded a $35 million Series D investment in OpenFin, a provider of capital markets operating systems, with notable participation from existing...
Checkout.com Set to Acquire Digital Identity Startup Ubble
Checkout.com is set to enhance its merchant financial services portfolio by acquiring French digital identity verification (IDV) company, ubble. The deal, expected to finalize later...
Digital Currency Group Closes Its Institutional Trading Platform
Digital Currency Group (DCG) is shutting down its trade execution and prime brokerage services subsidiary, TradeBlock, due to challenges posed by the crypto winter, the...
Mastercard Launches Biometric Checkout Initiative
Mastercard has developed a technology framework aimed at establishing minimum standards for biometric payments during checkout. The card scheme is collaborating with partners such as...