U.K.

Toreson Lloyd was a vice president of relationship management at WorldPay and a business development manager at American Express before joining London-based APEXX.

Regulators are calling for the boards of the three separate faster-payments initiatives to review and endorse the consolidation plan and complete most of the consolidation before the end of 2017.

Even as consumers embrace digital payments in the U.K., the value and amount of cash in circulation remain high.

Samsung Pay last week went live in four more regions—Hong Kong, Sweden, Switzerland and the UAE—but despite reaching 14 major global markets, it’s still not officially available in the U.K., one of the world’s most active zones for contactless payments.

Visa Inc. has partnered with Dallas-based Active Network, whose customers organize activities and events, to make Visa Checkout available as a payment option at events in the U.S., Canada, Ireland and the U.K.

PayByPhone will add Apple Pay as a payment option for U.K. drivers later this year, as competition in the fast-growing market for mobile payment apps intensifies.

Check imaging reduces the need to handle paper, reduces clearing time and paves the way for mobile deposit and remote capture. However, this new functionality also means financial institutions take on greater risk from electronic acceptance, images in the cloud, and significantly reduced float times.

The service will start with transfers to India and the Phillipines, though Remitly plans to add more recipient countries in the near future.

For London-based fintech provider Tramonex, seeing so many Chinese tourists visiting the U.K. meant a chance to join the success of WeChat Pay. But how to accomplish this was less clear.

Merchants storing and batch processing payments offline in the U.K. are opening the door for fraudsters to potentially use contactless cards that have been reported lost or stolen for several months after a bank cancels them.

Square Inc. is rolling out mobile payment services in the U.K., marking its biggest global expansion in a push to boost growth while the U.S. market nears saturation.

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services.

Ever since Apple opened its Siri voice assistant to outside developers late last year, payment companies have been experimenting with the potential of voice-controlled payments. Here's a look at what some of the early adopters have already accomplished.

Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so.

ACI's Universal Payments software for merchants will deliver various payments options to a new Co-op program which covers more than 2,800 stores in the U.K.

London-based Prepaid Financial Services (PFS) has purchased Malta-based financial services software development company Spectre Technologies.

British technology startups are beginning to stress out over Brexit.

Wirecard Card Solutions is taking over as the issuer of Bread4Scrap, a prepaid card program used by U.K.-based Payment Card Solutions (PCS) to distribute funds to scrap metal dealers.

The digital personal financial management company is eyeing Europe as it expands its geographic footprint.

As technology evolves, payment capabilities become more deeply embedded, becoming practically invisible to the end user. This concept works already in specific use cases such as Uber, and many companies have yearned to implement a hands-free payment experience for all of retail.