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UK Metro Bank Hit By Messaging Scams

PYMNTS

Technology speeds commerce and eases daily life, but also acts as a conduit to payments fraud. To that end, Metro Bank said earlier this week that at least some of its customers had been victimized by fraud that focuses on text messages sent across telecom companies’ networks that Reuters reported are used to verify transactions.

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Metro Bank UK: 2023’s Next Bank Collapse? | Samsung’s Trackable Card Unveiled | UBS Tests Tokenized Fund on Public Blockchain

Bussman Advisory

Gain insights into disruptive technologies, industry updates, and success stories from our portfolio companies. This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? The post Metro Bank UK: 2023’s Next Bank Collapse?

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Washington’s Metro System Plans For Mobile Payment Future

PYMNTS

“Mobile fare payment is the future of transit, giving customers the ability simply to tap their phone and go, all without stopping at a fare vending machine or using a separate card,” Metro General Manager Paul J. Through the app, customers will be able to add funds to their fare cards through an auto-reload feature.

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Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.

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Western Union Unveils UK High-Value Transfers; Gap Taps Adyen For European Payments

PYMNTS

has tapped Adyen for online and in-store payments in Europe , and the Bangalore Metro Rail Corporation in India is at work on a quick response (QR) code ticketing system. The technology will come to more than 150 stores in France , the U.K. As a result, riders won’t need plastic fare cards, or have to wait in line to top them off.

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China Tests Facial Recognition Subway Payment

PYMNTS

The face would be linked to a payment account, although whether the technology will work for similar faces or twins is not known. Right now the experiment is being limited to one station, and people will be able to scan faces at the same place they enter subway cards or tap their phones.

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Personetics Raises $85M For Its Banking Personalization And Customer Engagement Technology — Its Competitors Include 10x And Meniga

CB Insights

Some of its customers include Huntington Bank, RBC, Intesa Sanpaolo, Metro Bank, Hyundai Card, and MUFG. The post Personetics Raises $85M For Its Banking Personalization And Customer Engagement Technology — Its Competitors Include 10x And Meniga appeared first on CB Insights Research. Want the full post?

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