Visa Europe, iZettle, Revolut, SWIFT in cards and payments
- Visa Europe has reportedly offered Charlotte Hogg the post of chief executive. Ms Hogg was effectively forced to resign as deputy governor of the Bank of England in March 2017, after failing to disclose that her brother worked in a senior role at Barclays
- iZettle has said it is preparing for a potential IPO. Revenue increased from €41.7m in 2015 to €66.8m in 2016, while losses fell by 23% to €23.7m in 2016
- Revolut disabled card payments on Friday for customers after suffering an unspecified issue with a supplier. Monzo, Loot, Starling Bank, and Curve have also been impacted by the issue
- SWIFT has announced 22 additional banks have joined its blockchain proof of concept. The new members include BBVA, Banco Santander, Commerzbank, Deutsche Bank, JPMorgan Chase Bank, Lloyds Bank, Rabobank, Société Générale and Standard Chartered Bank
- Transport for London has reported that 40% of all pay-as-you go journeys on the network are now made using contactless payments, up from 25% in early 2016
- Valitor, a fintech payment service company, has announced the acquisition of Chip & PIN Solutions, a UK card-based payment provider
- Worldline has signed a contract with Govia Thameslink Railway to provide its mobile ticketing service called @Station
- Monzo has reported a £6.7m loss for the year ended February 2017, compared to a £1.4m loss in the comparable period. The fintech bank is looking to increase the number of current account customers and reduce the number of customers using its prepaid card scheme. Currently, the prepaid card scheme loses around £50 per active customer per year. CEO Tom Bloomfield said the bank has about 50 current accounts live currently among staff with a goal of rolling out to all existing customers in late summer 2017
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