EMEA

London-based Shieldpay will expand its reach in the U.S. this year through a partnership with AutoClassics.com.

Both PayPal and Citigroup are taking a bigger role in the market for cross-border payments, a strategy that led both companies to participate in a $50 million round in PPRO Group, a U.K.-based cross border e-payment company.

Paysafe Group will launch an in-store and online installment payment service to serve a growing appetite it sees in the U.S. and Canada.

Worldpay and Mastercard have formed a global strategic partnership, expanding the ways consumers and merchants connect for online and in-app payments via Mastercard’s Vocalink business.

The department of Transport for the West Midlands is looking at how to provide a smart ticketing system to ensure that contactless card users get the best rate on a journey.

When current CEO Jerry Ragan retires next month, Brian Albrecht will take over at the helm, having started with the credit union 10 years ago as a member service representative.

About a month after Visa's European outage, Mastercard encountered a similar glitch for a brief period of time on Thursday.

The Bank of England, together with the Financial Conduct Authority and the Prudential Regulation Authority, has cautioned U.K. banks to prepare for cyberattacks and technical failures.

Brexit's implications for the U.K.'s technology industry are deepening political fractures, with no clear answer as to how startups fintechs and challenger banks can operate in the U.K. after it leaves the European Union.

The U.K.’s Rural Payments Agency has long been renowned for its inefficiencies in processing timely and accurate financial support payments to farmers across the country. But now industry figures expect Brexit will lead to an improvement in performance due to a loosening of the EU-driven bureaucratic regulations.