Revolut’s Security Measures in Question After APP Fraud Surge
UK fintech Revolut was named in more fraud complaints than any of its peers last year, raising concerns about the digital-only bank’s fraud prevention program. According to the BBC, the 9,793 complaints against Revolut were nearly two thousand more than Barclays. Most of these incidents involved automated push payment (APP) fraud tactics, including one case […]
Barclays Moves Into the GM Card Business, Pushing Goldman Aside
Barclays’ takeover of the General Motors line of credit cards is another coup for the American subsidiary of the UK-based bank. Barclays is assuming the card business from Goldman Sachs. Earlier this year, Barclays CEO C.S. Venkatakrishnan made U.S. credit card expansion a priority, with a focus on co-branded partnerships. Starting next summer, Barclays will […]
QR Codes: The Missing Link To Instant Payments Adoption
There are more ways to send and receive payments than ever before, but the added complexity isn’t always a boon for merchants. While emerging payment methods like instant payments offer significant benefits for businesses, there is no easy way for a consumer to pay a business instantly. QR codes are the missing link for merchants […]