FCA

Online retailers risk losing £3.64m daily as SCA becomes mandatory

March 14, 2022

Online retailers who are not set up for Strong Customer Authentication (SCA) risk losing £3.64m every day as the two-factor authentication becomes mandatory today, Monday 14 March. Data from Barclaycard…

Bitcoin cashpoints have been declared illegal in the UK

Blockchain & Crypto News

Bitcoin cryptocurrency FCA

March 11, 2022

George Iddenden

No Comments

All Bitcoin cashpoints in the UK have been ordered to be shut down after the Financial Conduct Authority (FCA) declared the illegal. The FCA has written to all the providers…

Early SCA enforcement impacting ecommerce sales

Ecommerce News Security

ecommerce FCA SCA

March 7, 2022

George Iddenden

No Comments

The new SCA (Strong Customer Authentication) laws set for implementation on 14 March have been enforced earlier than expected by the Financial Conduct Authority (FCA). The FCA has already issued…

BNPL firms to refund unfair customer fees

Ecommerce News Payment

BNPL buy now pay later Clearpay FCA Financial Conduct Authority Klarna Laybuy Openpay payment Regulation Sheldon Mills

February 14, 2022

Jacqui Parr

No Comments

Buy Now Pay Later (BNLP) firms Clearpay, Laybuy and Openpay will be refunding customers who cancelled their order but were still charged late fees, following the latest guidance from the…

Monzo comes under fire from CMA for failing to disclose maximum credit fees

Fintech News

CMA FCA fintech Monzo pandemic

February 2, 2022

George Iddenden

No Comments

Monzo has been reprimanded by the UK’s Competition and Markets Authority (CMA) for falling to specify the monthly charge in the correct document when users agreed to overdrafts. The CMA…

THG wants to prove to FCA that stockbrokers conspired to push its share price down

Companies IPOs & Investment News

FCA Matt Moulding THG THG Ingenuity THG IPO THG share price

January 10, 2022

George Iddenden

No Comments

THG has provided the Financial Conduct Authority (FCA) with a dossier of data it believes proves that hedge funds and stockbrokers conspired to push its share price down. The company’s…

Buy now pay later (BNPL) borrowing can be like slipping into quicksand, a charity has warned, as the Treasury launched a consultation into bringing the sector under regulation.

Crackdown on BNPL looms as consultation is launched

Companies Ecommerce Fintech

BNPL buy now pay later FCA Klarna Laybuy Retail StepChange tech

October 22, 2021

Jasdip Sensi

No Comments

Buy now pay later (BNPL) borrowing can be like slipping into quicksand, a charity has warned, as the Treasury launched a consultation into bringing the sector under regulation. Products allow…

The contactless card payment limit has increased from £45 to £100, although many retailers’ terminals will need to be updated so the option will not be available everywhere immediately.

Contactless card payment limit rises to £100

Payment

Contactless COVID 19 FCA Retail Treasury UK Finance

October 15, 2021

Jasdip Sensi

No Comments

The contactless card payment limit has increased from £45 to £100, although many retailers’ terminals will need to be updated so the option will not be available everywhere immediately. The…

Wise words from one of the most successful rappers of all time, words that should be headed by a number of the UK's growing demographic of people falling into the trap of buy now pay later (BNPL) schemes which are growing in strength.

“If you can’t buy it twice then you can’t afford it” – How BNPL schemes are ruining credit scores

Features Fintech

Afterpay BNPL Clearpay FCA Klarna Monzo Paidy

October 1, 2021

George Iddenden

No Comments

If you can’t buy it twice then you can’t afford it. – Jay Z Wise words from one of the most successful rappers of all time, words that should be…

Nearly two thirds of shoppers say they expect to be doing the majority of their shopping online in a years times after the post-lockdown excitement subsides.

“Buy Now, Pay Later” firms to be hit with FCA regulation amid growing debt fears

Industry Payment

buy now pay later Clearpay FCA Financial Conduct Authority Klarna Laybuy

February 3, 2021

Ben Stevens

No Comments

‘Buy now, pay later’ firms like Klarna and Laybuy will now face tougher regulations by UK authorities after their usage nearly quadrupled last year. The Financial Conduct Authority (FCA) will…

FCA

Online retailers risk losing £3.64m daily as SCA becomes mandatory

Bitcoin cashpoints have been declared illegal in the UK

Early SCA enforcement impacting ecommerce sales

BNPL firms to refund unfair customer fees

Monzo comes under fire from CMA for failing to disclose maximum credit fees

Crackdown on BNPL looms as consultation is launched

Contactless card payment limit rises to £100

“If you can’t buy it twice then you can’t afford it” – How BNPL schemes are ruining credit scores

“Buy Now, Pay Later” firms to be hit with FCA regulation amid growing debt fears

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