FintechDaily – Page 57 – Fresh Dose of Fintech News

Fraud Surge Compels Bus Company to Prohibit Online Banking and Lower Mobile Contactless Payment Limits

An Essex bus company has implemented a ban on customers using Monzo and Revolut to pay for fares with smartphones. They've also reduced the contactless...

Lord Hammond Joins Support for £1 Billion UK Fintech Fund

A group of senior industry leaders is spearheading the establishment of a new £1 billion fintech fund designed to accelerate the growth of promising scale-ups...

Tim Fitzpatrick, Former CEO of Chaps, Assumes Chairmanship at Synch Payments

Synch Payments, the Irish bank-backed instant mobile account-to-account payment service, has appointed Tim Fitzpatrick, the former CEO of the UK's Chaps high-value payment system, as...

Finix, a Payments Infrastructure Firm, Secures $30 Million in Funding

Payments infrastructure platform Finix has secured $30 million in a funding round that included American Express. Participating in the round were several notable investors, including...

Celsius Founder Taken Into Custody on Fraud Allegations

The former CEO of cryptocurrency lending platform Celsius Network, Alex Mashinsky, has been arrested on federal fraud charges. He faces allegations of securities fraud, wire...

Upper90 Secures $180 Million for New Credit and Equity Fintech Fund

Upper90, a hybrid fund that offers customized credit and equity solutions to e-commerce, fintech, and supply chain finance startups, has successfully raised $180 million in...

Visa Tokens Surpass Physical Cards in Circulation

Visa has announced the issuance of its four billionth network token for e-commerce payments, surpassing the total number of physical cards in circulation globally. The...

CommBank’s x15 Venture Scaler Invites Founders to Innovate the Future of Payments

Commonwealth Bank’s venture-scaling arm, x15ventures, is inviting founders who are innovating the future of payments to participate in its next 'Xccelerate' programme. The Xccelerate 2022...

Samir Desai Launches Exciting New Venture Offering Exceptional Savings for Shoppers and Businesses

Super, a new shopping superapp founded by Samir Desai, who previously led Funding Circle, has opened a waiting list for potential customers. The app aims...

Block Facing Lawsuit Due to Cash App Breach

Block is currently facing a class action lawsuit regarding a data breach involving Cash App Investing, which affected 8.2 million customers last year. In April,...