Articles with tag like: Brexit

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Mollie publishes data on the challenges UK and Europe-based merchants face

News | Ecommerce | 31 Mar 2021

Mollie has published data revealing the challenging conditions UK and EU merchants face and their plans to bounce back following the UK’s formal exit from the EU.

Mollie, research, retail, ecommerce, Brexit, merchants

Visa raises interchange fees for UK-based cardholders

News | Online Payments | 23 Mar 2021

Visa has been reported to follow Mastercard’s earlier decision as it plans to increase interchange fees on purchases made by British customers from most of Europe.

Visa, interchange fee, Brexit, online payments

Barclays expands private banking business to France and Italy

News | Payments General | 23 Mar 2021

In the wake of Britain’s exit from the European Union, Barclays has expanded its private banking business to France and Italy.

Barclays, investment, banks, Brexit

Online payments post-Brexit: navigating cross-border challenges in ecommerce

Voice of the Industry | Online Payments | 18 Mar 2021

Brexit has brought new restrictions to sales in and out of the UK including some additional intra-regional fees. Here are a few tips from Worldline’s experts on what merchants can do with the new measures both in the UK and EU

Worldline, Brexit, ecommerce, local payment method, SCA

Creating a level playing field in the cross-border transactions space

Voice of the Industry | Payments General | 16 Mar 2021

Gino Ravaioli, Chairman of the DCC Forum, examines why now is the time to open up the industry to greater competition

DCC Forum, cross-border payments, Brexit, interchange fee, merchants, regulation, European Commission

Key trends and challenges shaping the ecommerce industry in 2021

Voice of the Industry | Ecommerce | 12 Mar 2021

Luca Cassetti, the Secretary General of Ecommerce Europe, elaborates on the main trends and challenges that are expected to play a vital role in the ecommerce sector in 2021

Ecommerce Europe, ecommerce, omnichannel, COVID-19, online payments, Brexit, SCA, 3-D Secure, European Commission

Contactless card limit will rise to GBP 100 in the UK, the Treasury confirmed

News | Cards | 04 Mar 2021

The Treasury has confirmed that the limit on a single payment using contactless cards will rise to GBP 100 in 2021.

Brexit, contactless payments, card scheme

Increased costs for EUR payments from UK as a result of Brexit, Banking Circle

News | E-invoicing, SCF & E-procurement | 25 Feb 2021

Cross-border payments expert Banking Circle has identified an issue affecting some financial institutions handling cross-border transactions from the UK to the EU. 

Banking Circle, trade finance, cross-border payments, SEPA, B2B payments, Brexit

EC to allow continued financial data flows to UK following Brexit

News | Payments General | 24 Feb 2021

The European Commission has announced that it would start a process to allow a continued flow of police and financial data from the EU to Britain for the next four years.

data sharing, GDPR, data protection, Brexit

Mollie expands focus to help UK merchants

News | Online Payments | 16 Feb 2021

Payment service provider Mollie has expanded its focus to support UK merchants looking to grow into Europe post Brexit.

Mollie, expansion, Brexit, ecommerce, merchants, online payments

Increased costs for EUR payments from UK post Brexit, Banking Circle says

News | Payments General | 12 Feb 2021

Cross-border payments service provider Banking Circle has identified an issue affecting some financial institutions handling cross-border transactions from the UK to the EU. 

Banking Circle, UK, Brexit, payments, cross border payments, SEPA, bank

UK-based SMBs offered GBP 20 mln Brexit fund after border trade disruption

News | E-invoicing, SCF & E-procurement | 12 Feb 2021

Small UK-based businesses have gained access to a GBP 20 million Brexit support fund from the government to help new trade rules following border disruption following Brexit, according to The Guardian.

UK, SMB, Brexit, global trade, investment, import, export, supply chain finance

FCA proposes increase in UK contactless spending limit

News | Cards | 02 Feb 2021

The UK’s Financial Conduct Authority (FCA) have proposed to increase the limit for single contactless payments from GBP 45 to GBP 100 and the limit for cumulative contactless transactions from GBP 130 to GBP 20O.

FCA, Financial Conduct Authority, contactless payments, mobile payments, card payments, UK, Brexit

Top 5 learnings from 2020's exceptional peak season

Voice of the Industry | Digital Identity, Security & Online Fraud | 01 Feb 2021

Mark Strachan, EMEA Managed Risk Principal at Cybersource, discusses the top 5 learnings from 2020's exceptional peak season, and considers what to look out for as we head into 2021

Mark Strachan, Cybersource, COVID-19, Brexit, fraud, cross-border, MOTO, PSD2, SCA, merchants, account takeover, authentication, phishing attacks, behavioural analytics, ecommerce, tokenization, ransomware, hacking, data privacy

Mastercard to increase interchange fees post Brexit

News | Online Payments | 25 Jan 2021

Mastercard has announced that that they will increase the interchange fees for transactions made from the UK to the EU starting from October.

MasterCard, UK, EU, interchange fees, Brexit, online payments, credit card, debit card

UK, EU to talk over financial cooperation

News | Payments General | 13 Jan 2021

The UK has announced talks with the European Union in January 2020 on how regulators will cooperate over financial services after Brexit has been completed, according to Bloomberg.

UK, EU, finance cooperation, financial services, regulators, Brexit, Memorandum of Understanding, MOU

Revolut applies for UK banking licence

News | Online & Mobile Banking | 12 Jan 2021

Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation’s financial regulators.

Revolut, neobank, challenger bank, PRA, FCA, Brexit, banking, bank licence, EU

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, SCF, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

Many fintechs simply want to survive in 2021, study reveals

News | Payments General | 24 Nov 2020

The priority for one in ten fintech firms over the next year is survival, according to FinTech Connect’s FinTech State of Play Benchmarking Report.

FinTech Connect, FinTech State of Play Benchmarking Report, fintechs, Wirecard scandal, Brexit, study, UK, digital transformation, pandemic

FCA announces changes to open banking identification requirements

News | Online & Mobile Banking | 04 Nov 2020

The FCA has announced changes to limit the risk of disruption to open banking services after Brexit.

FCA, Open Banking, identification, TPPs, payments, Brexit, compliance, eIDAS certificate, UK