Payment processing

Revolut has caught the attention of U.K. regulators over money laundering compliance, a predicament that sheds light on issues faced by the entire digital financial services industry.

Consumers are willing to pay a bit more for repeat business at a merchant. By passing these fees on to shoppers, small retailers no longer have to cut vital operational costs to accommodate for lower margins from loyalty programs, says Robert Maynard, the founder of SurchX.

With Brexit on the horizon, the U.K.’s new agriculture bill is expected to drastically change the payments landscape for U.K. farmers — most notably through a new payments scheme known as the Environmental Land Management Scheme (ELMS).

The time has come for payment incumbents to increasingly depend on the cloud for more production applications and emerging technologies and choose platforms, partners and tools that will turn them into butterflies rather than fast caterpillars, writes Stephan Fabel, director of product at Canonical.

Addressing lawmakers for the second straight day, the Fed chairman defended his agency’s refinements to the post-crisis regime.

The U.K.’s major banks are urging regulators to allow for greater flexibility in processing high-risk transactions, in a bid to tackle ever-rising levels of financial crime.

It creates an auditable, distributed ledger of transactions that cannot be altered or removed, enabling transactions that are valid, authentic, trustworthy and immutable, according to David Uhryniak, a blockchain services leader at Crowe LLP, and Brian T. Zygmunt, a partner with Crowe LLP.

German payments company heidelpay has made a series of recent deals to diversify its merchant appeal, including this week's agreement to buy digital point of sale terminal seller Alpha-Cash Payment GmbH.

By taking precautions to protect your mPOS devices, your business can safely sell at more locations for a comparatively low cost while keeping your customer and company data safe, writes Rafael Lourenco, an executive vice president at ClearSale.

Business management software provider Sage will partner with U.K. fintech Modulr to deliver real-time salary and supplier payments to small and medium-size businesses in the country.