U.K.

For much of the past few years, U.K. railroad systems have been using smartphones to display tickets as bar codes or other forms of digital fares.

U.K. supermarket giant Tesco has long supported Apple Pay at its contactless-enabled checkout locations, and now it also supports mobile payments through a proprietary app it’s rolled out to its nearly 7,000 stores.

Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said.

While the true impacts of the United Kingdom's departure from the European Union are still unknown, there are a number of factors that will pressure payments innovation.

Mastercard’s $920 million acquisition of VocaLink hasn’t cleared all the regulatory hurdles yet, but it’s closer to the finish line now that the U.K. Competition and Markets Authority (CMA) has said it will consider a strategic solution Mastercard has proposed to offset potential threats to competition.

The Financial Conduct Authority has given the green light to Geoswift, the Hong Kong-based cross-border payments company, to operate collection and settlement services between the U.K. and China.

Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to bring a 14 billion-pound ($17.2 billion) class-action lawsuit told a London court.

The U.K.’s Competition and Markets Authority (CMA) is on the verge of announcing its decision in its regulatory review of Mastercard’s acquisition of VocaLink, the London-based agency said.

Payment companies' efforts to modernize by connecting systems through partnerships and acquisition has invariably caused a chain reaction of competitive issues in the eyes of regulators.

Swedish mobile point of sale company iZettle has raised about $80 million in funding, in part from U.S. investors.

British consumers, who helped the economy emerge largely unscathed from the Brexit vote, now face their next big health check.

When Diebold wrapped up its $1.8 billion Wincor Nixdorf acquisition last August, there was one asterisk on the deal: The U.K. Competition and Markets Authority (CMA)—which this week threw a flag on Mastercard’s proposed acquisition of VocaLink—wanted to explore whether the ATM network giants’ merger stifled local competition.

Mastercard's $900 million acquisition of British payment company VocaLink is under fire, as the U.K.'s Competition and Markets Authority contends the deal will give the card network an unfair advantage in ATM-related negotiations.

Lloyds Banking Group Plc agreed to buy Bank of America Corp.’s MBNA credit-card business in the U.K. for 1.9 billion pounds ($2.4 billion) in cash, marking its first major deal since being rescued by British taxpayers eight years ago.

Mastercard cardholders in the U.K. will soon have the ability to choose a financing option for scheduled payments when making a purchase at a Verifone point of sale terminal accepting the new application.

Zopa is moving away from its longtime status of being a non-bank to apply for a banking license through the Prudential Regulation Authority and the Financial Conduct Authority.

The move is designed to help publishing companies improve coupon and payments performance.

Tesco Bank in Edinburgh, Scotland, has refunded 2.5 million pounds (about $3 million) to 9,000 customers who were affected by a large-scale online banking cybertheft last weekend.

Consumers increasingly are embracing contactless payments for smaller, routine transactions, with average transaction size rising slightly.

Alfred F. Kelly Jr. may be planning to run Visa his own way, but he will still face the same challenges his predecessor did. Here are a few of Visa's most immediate issues.