U.K.

Loot has been in development since 2014 and has raised a total of more than $7 million thus far.

Pay by Bank, an app developed in recent months by Mastercard’s Vocalink unit, is expanding as Germany’s Wirecard makes the service available to all of its U.K. merchants.

We’ll view this wild rally as the starting point of cryptocurrencies becoming mainstream. They cannot be defined as a fad any longer, writes Nigel Green, founder and CEO of deVere Group.

The U.K. challenger bank appeals to its customers to use a debit top up sparingly and for “last minute emergencies” since this feature will cost them around $30 per customer each year due to processing fees.

Google was sued by a group of U.K. consumers over claims that the company improperly collected personal data from millions of users of Apple Inc.’s iPhone.

Uber Technologies Inc. said information from 2.7 million U.K. customers was taken in a 2016 security breach that hit 57 million riders and drivers globally and that the company kept secret from the public and authorities until recently.

With the wide-scale adoption of mobile phones, and the use of NFC and QR codes for payments, the card brands most likely see a threat to their business model and, in a defensive move against potential disruptors, are wisely embracing the spirit of mobile, writes Jeremy Gumbley, CTO at Creditcall.

A recent change raises geographic FOM potential by 50 percent, which could help CUs in some of Britain’s most heavily populated areas.

Black Friday is making headway with bargain-hunting U.K. consumers, but their 3 billion pounds ($4 billion) in spending is doing nothing to help Britain’s troubled retail centers.

Transit agencies worldwide are attempting to eradicate cash and the bottlenecks that it causes from situations where customer throughput is paramount. But is this effort truly viable given the entrenched payment behaviors and requirements for serving everyone, even digital naysayers?