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Consumers are willing to pay a bit more for repeat business at a merchant. By passing these fees on to shoppers, small retailers no longer have to cut vital operational costs to accommodate for lower margins from loyalty programs, says Robert Maynard, the founder of SurchX.

Revolut Ltd., the fast-growing financial technology startup, is facing regulatory scrutiny following an alleged compliance lapse that could have allowed illegal transactions on its app.

There are a number of actions financial institutions should take to improve their application of machine learning and data analytics technologies.

At least five banks have warned about the potential loss of tax benefits if it is proven that DC Solar operated an investor scheme.

The U.S. embassy wants to meet with Sweden’s financial regulator over AML concerns; revelation that he borrowed to buy Barclays shares doesn’t sit well with others.

EBay Inc. has reached an agreement with Elliott Management Corp. and Starboard Value, appointing two new directors to the board and paving the way to potentially carving off some of its businesses.

The bank gained $45 million in PACE financings, which let homeowners pay back the costs of efficiency projects over time.

The information you need to start your day, from PaymentsSource and around the Web. Today: Air Canada adds Amex to marketing deal; Facebook's work on crypto makes progress; Standard Bank pursues blockchain; One97 expands API access.

A data-driven approach, regardless of human or machine involvement, is a state that organizations need to move to in order to maximize detection in the present and to ease the transition to a more primarily machine-driven future, writes Oliver Tearle, head of research at The ai Corporation.

With Brexit on the horizon, the U.K.’s new agriculture bill is expected to drastically change the payments landscape for U.K. farmers — most notably through a new payments scheme known as the Environmental Land Management Scheme (ELMS).