Breaking News
Contactless card payment limit to rise in UK from £30 to £45 to stop spread of virus on PIN pads
The £30 limit on contactless card payments is set to rise to £45 in a bid to stop people dawdling in checkout queues and spreading coronavirus. The contactless card payment limit in shops will increase by £15 as part of measures to combat coronavirus.
Mark Barnett, Divisional President of Mastercard in the UK, said:
“As we all collectively navigate the current unsettling and uncertain times, providing consumers and businesses with a choice in how they wish to pay and get paid, remains a constant for us. On this basis we fully support the increased contactless limit here in the UK and across Europe, cardholders and shopkeepers will soon be able to make and receive more of their purchases both quickly and securely, and without the need to enter a PIN.”
- State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration Read more
- Solance Selects SaaScada to Power Next-generation Payments Platform Read more
- Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime Read more
- Redwood Reduces Rates and Increases Loan Limits Read more
- Socotra Becomes First Insurance Core to Release Generally Available AI Read more
State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.
State Bank of India and MUFG Sign Strategic Partnership to Strengthen India–Japan Financial Collaboration
State Bank of India (SBI), India’s largest commercial bank, and MUFG Bank, Ltd., (MUFG) Japan’s premier global financial institution, today announced the signing of a Strategic Partnership Agreement to advance bilateral financial collaboration and strengthen the India–Japan economic corridor. The agreement aims to enhance mutual collaboration by further leveraging the complementary strengths of both institutions to facilitate cross-border capital flows, create new synergistic financing opportunities and support sustainable economic growth across two of Asia’s largest economies.
Solance Selects SaaScada to Power Next-generation Payments Platform
Solance, a Dublin-based financial institution providing financial services for family offices, corporate service providers and corporates with multi-entity structures, has selected SaaScada to power its new multi-currency payments platform as part of its European launch.
Investment Management Industry Encouraged to Start Planning For UK Crypto Assets Regime
The Investment Association (IA) – the trade body for the UK investment management industry – today launched its ‘UK Crypto Assets Regime: How the investment management industry can navigate new waters’ report, produced in collaboration with Travers Smith.
Redwood Reduces Rates and Increases Loan Limits
Redwood Bank has reduced its interest rates on loans up to 60% LTV as part of a wider set of changes designed to support affordability and give brokers greater flexibility when structuring deals.
Socotra Becomes First Insurance Core to Release Generally Available AI
Socotra announced the general availability of Socotra Assistant, a powerful AI underwriting capability built directly into Socotra Operations Workbench
BioCatch unveils DeviceIQ: Redefines how banks evaluate device risk in the AI era
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, today announced the launch of DeviceIQ, a comprehensive new device identification and intelligence product transforming how financial institutions evaluate the trustworthiness of devices used for digital banking.
Ledgible and Label Partner to Streamline Digital Asset Tax Information CARF & DAC8 Reporting and Compliance
Ledgible, the enterprise digital asset tax, accounting, and data reporting platform, today announced a strategic partnership with Label to deliver integrated CARF (Crypto Asset Reporting Framework) and DAC8 reporting solutions for digital asset businesses.