UK Finance, Apple, AA and FairFX in Cards and Payments

 In Payments
  • City of London Police have shut down a fraudulent cryptocurrency business that cold-called investors and attempted to sell them fake online money
  • UK Finance has reported that more than a tenth of people aged between 25 and 34 used coins and notes no more than once a month in 2017. Across all age groups, cash was still the most popular way to pay, but was found to be rarely used by nearly 3m people
  • Apple is preparing to introduce facial recognition for Apple Pay, according to online reports
  • AA has partnered with EVO Payments International to launch Card Pay, which provides card terminals for small business owners. Card Pay is offering £500 if it is unable to offer AA Business Customers better rates than their current card payments provider
  • FairFX has announced that it has conditionally acquired CardOne, a digital banking services provider to small businesses and retail consumers, for £15m, and launched a £26m share placing and open offer. The company is using the acquisition to ‘fast-track’ its push into the small business lending space

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