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UK banks outage caused by problem at US payment service provider

A hardware problem at a US payments service provider left UK customers of major banks and building societies unable to access accounts and pay...

Fed names leader for development of real-time payment system

Kenneth Montgomery, a longtime executive at the Federal Reserve, will lead the central bank’s development of its newly planned real-time payment system.Montgomery’s appointment, announced...

UK finance regulator gives extra time for companies to meet payment...

The Financial Conduct Authority has given payments and e-commerce firms an extra 18 months to meet the European Union (EU)-wide Strong Customer Authentication (SCA)...

Why 6 credit unions are partnering to access better payment solutions...

As credit unions look to improve their technology on smaller budgets, one solution is to band together and pool assets. On Thursday, six credit...

KKR to Acquire Majority in German Payment Company

Heidelpay and its majority shareholder AnaCap have today reached an agreement on the terms of investment from KKR, a leading global investment firm.KKR will...

Federal Reserve to create FedNow real-time payment and settlement service

Aug. 5, 2019The Federal Reserve Board announced a long-anticipated faster payment system called the FedNow Service, which will allow near instantaneous payments and settlement in...

Nordic banks move into wearable payment technology

Consumers have been used to tapping and paying with credit or debit cards for years, removing the need to enter their cards into a...

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