U.K.

The U.K.’s Nationwide Building Society has invested in Ordo, a fintech that protects consumers from invoice and payments fraud by allowing billers to send payment requests directly to it.

While advanced push payment fraud has dominated the headlines in recent years, another type of scam has been costing U.K. businesses millions — even though many companies are completely unaware of it.

When it comes to naming the U.K.’s biggest cashless hubs, Bristol may not immediately spring to mind — but the city has topped Manchester, Birmingham and even London to lead the way as the country’s contactless capital.

Payment solutions that lower the cost of electronic payments through exchange rate transparency ultimately improve the buyer’s relationships with their suppliers, writes Nvoicepay's Alyssa Callahan.

If cryptocurrency is on its way to becoming a mainstream payment method in the U.K., it will be due to an increased appetite from major card networks for forming alliances with leading cryptocurrency providers.

Metro Bank had worked to win shareholder support by raising fresh capital and cutting ties with Hill's wife's design firm.

Fears are growing that the rapid rise in fee-charging ATMs could have catastrophic consequences for the U.K.’s fragile SME market, with major supermarkets and card networks predicted to be the biggest beneficiaries.

While the European Union positions itself as one common, homogeneous market, the reality is that the European e-commerce market is very diverse with both leaders and laggards.

Vernon Hill's U.K. bank sold $479 million of new stock and issued fresh details about its turnaround efforts. Those included plans to cease its controversial practice of purchasing design and branding services from a business owned by Hill's wife.

Amazon led a Series G funding round worth £475 million (about US$575 million) with three other investors for London-based food delivery company Deliveroo.

As Metro Bank’s problems mount, calls for Hill’s ouster as chairman are getting louder.

Sainsbury’s has launched the U.K.’s first mobile-only checkout-free grocery store, inviting comparisons to what Amazon Go is doing in the U.S. But their models are far from identical.

Facebook Inc. intends to drive a global expansion of mobile payments on WhatsApp from London, accelerating its efforts to make money off the popular messaging service.

British bank NatWest will launch a merchant acquiring service to attract small and midsize businesses in the U.K. and other countries.

Barclays has been highly active and aggressive in payments innovation on its home turf, giving it insight into which of its projects could find footing as it expands in the U.S.

Royal Bank of Scotland's top banker will leave the state-backed lender within a year, in an expected move that potentially paves the way for a senior female executive to take his role.

NatWest has started a three-month testing period of a payment card using biometric fingerprint for authorization with 200 customers, saying it is the first such card issued by a U.K. bank.

Silicon Valley, New York, London and several of China’s largest cities are the world’s leading fintech hubs, but many other locales are gunning for their crown.

The British startup OakNorth sees U.S. community and regional banks as good prospects for its lending technology.

Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.