PayTech

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal aims to enhance Brink's logistics capabilities.This acquisition positions Brink's as a...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...
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Apple rolls out Tap to Pay in the UK with Revolut and NatWest

Apple has rolled out its Tap to Pay contactless payment technology in the UK through partnerships with Revolut and NatWest. Tap to Pay allows...

Ten UK credit unions tap Engage for Faster Payments Service

Ten UK credit unions have partnered with Engage, a community banking division of Solaris, to utilize Engage's bulk Faster Payments Service (FPS). This collaboration...

UnionPay connects with Cambodia’s central bank over QR code interoperability

UnionPay International (UPI), a subsidiary of China's UnionPay, has partnered with the National Bank of Cambodia to promote QR code interoperability between the two...

Checkout.com launches AI-led ID verification solution

Checkout.com, a global payment solutions provider, has launched its AI-led ID verification solution. The solution leverages artificial intelligence and is capable of identifying and...

GoCardless names Franck Cohen as first chairman of the board

GoCardless, a UK-based paytech company, has appointed Franck Cohen as its first chairman of the board. Cohen brings extensive technology and software experience to...

Payoneer becomes latest fintech to cut jobs

Payoneer, a New York-based payment platform, is planning to cut 9% of its workforce by Q3 2023. The company aims to enhance productivity, streamline...

James Dixon named as new Allied Payment Network CISO

Allied Payment Network, a US-based payment solutions provider, has appointed James Dixon as its new Chief Information Security Officer (CISO). Dixon brings over 25...

SumUp taps Form3 for access to UK Faster Payments, appoints CPO

UK-based paytech company SumUp has partnered with cloud-based payments platform Form3 to gain direct access to the UK Faster Payments Scheme (FPS) and Bacs...

BIS names Maha El Dimachki as new head of Singapore innovation hub

Maha El Dimachki has been appointed as the new head of the BIS Innovation Hub Centre in Singapore by the Bank for International Settlements...
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