The Financial Conduct Authority (FCA) proposed new rules to help customers who are in persistent credit card debt. This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. Under the FCA’s definition, credit card customers are in persistent debt…
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Citigroup Pty Limited has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions. In early 2016, Citibank began charging international transaction fees for Australian dollar transactions made with…
Read moreA new study commissioned by SafeCharge (LON:SCH) has revealed that payment outages and downtime are causing frequent disruption to merchants’ bottom line and growth abilities. The research ‘Payments, Interrupted’, conducted by WBR Digital, surveyed 200+ CFO, VP Finance, Payment Managers and Payments Controllers at large multinational retailers across Europe. The research assesses the current performance…
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Mizuho Financial Group, Inc., Mizuho Bank, Ltd., and Marubeni Corporation announced that have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region. As various new FinTech based financial services are recently being offered, the companies will explore opportunities to provide community-based financial businesses in the ASEAN region…
Read morePayments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced its full year 2016 results. And, despite using phrases such as 'strong financial performance' and 'strong trading and operational momentum', the numbers indicate that SafeCharge saw a slight decline in both revenues and profitability in the second half of the year. Nevertheless, SafeCharge's 2017…
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ThinkMarkets, a global multi asset brokerage, has enhanced its payment offering with the launch of PayPal. The new payment solution enables ThinkMarkets’ global user-base to deposit and withdraw funds through PayPal’s international network. With the addition of PayPal as a funding method, ThinkMarkets’ users will be able to deposit funds into their trading accounts on…
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Google is wading back into the crowded P2P payments arena, adding a feature to its Gmail Android app that makes sending friends funds as easy as attaching a file to an email. Google first began letting US users send and receive money through Gmail on desktop back in 2013 but is only now bringing the…
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DBS Bank and Xero, a global cloud accounting platform, announced a strategic partnership to transform the way SMEs in Singapore manage their financials and access capital. The partnership is centered on several aspects including aligning both parties’ technology platforms to ultimately enable SMEs to make payments and apply for loans seamlessly, transforming how SMEs manage…
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Fiserv, Inc. (NASDAQ: FISV), the global provider of financial services technology solutions, has launched Credit Sense, a solution that enables financial institutions to meet consumer expectations for personalized credit information by integrating credit scores into the digital banking experience. Credit Sense provides a credit score, daily credit monitoring, insight into factors influencing credit score and…
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There have been multiple reports of victims being cheated of their money by scammers operating on Chinese social media app WeChat, the Singapore Police Force (SPF) stated yesterday. More than $70,000 was lost by the victims in these cases. The scammers had promised to sell various items such as online gaming credits or foreign currency…
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