"Fiserv, Inc. announced the appointment of Michael P. Lyons as President and CEO-elect of Fiserv, effective January 27, 2025."
African Fintech Moniepoint Gets Visa Backing, Plans to Work on Contactless Payments
Visa has joined African fintech Moniepoint as a new investor. The business banking and payments platform confirmed to TechCrunch that it received a “strategic investment” from the global payments giant as both companies look to drive financial inclusion and support...
HSBC Touts 50% Increase in Suspicious Transactions Intercepted in Past Year
"HSBC said it is stepping up its efforts to stop scammers and increasing its spending on anti-fraud technology, as the lender unveiled a new alert system that aims to protect online banking users."
HSBC to Close International Payments App Zing a Year After Launch
"Zing, the international payments app launched by HSBC just last year, is set to close down in the bank’s latest fintech flop, Financial News can reveal. The bank developed Zing to compete with fintechs Wise and Revolut."
UK to Launch Independent Firm to Boost Variable Recurring Payments
"British regulators are setting up an independent company that will advance variable recurring payments, allowing third-party financial service providers to access banking information and initiate payments on behalf of consumers or businesses."
Apple and Google Hit by UK Probe Into Mobile Dominance
"Apple Inc. and Alphabet Inc. were hit with UK antitrust investigations over concerns their dominance in mobile services is distorting the market and putting up barriers to entry for competitors."
Ally and CardWorks Reach Agreement on Sale of Ally’s Credit Card Business
"Ally Financial Inc. and CardWorks, Inc. announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card...
Amazon to Acquire Indian Digital Lending Firm Axio to Expand Credit Solutions
"Amazon has signed an agreement to acquire Axio, a Bengaluru-based digital lending firm that provides credit access to underserved individuals and households across India. The acquisition, which awaits regulatory approval, is expected to bolster Amazon’s footprint in...
Owner of Multibanco Suing Bank of Portugal
"SIBS, the owner of Multibanco and MB Way, has filed an administrative action against Banco de Portugal. At issue is the different understanding that the regulator and the supervised company have of a European regulation that aims to ensure, on the one hand, that the...
Google Hit With $12.6m Fine in Indonesia for Monopolistic Practices in Payment System
"Indonesia’s antitrust agency KPPU fined Google 202.5 billion Rupiahs, equivalent to $12.6 million, on Wednesday for antitrust violation related to its payment system services for the Google Play Store."