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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

This week’s must-know stories: Metro Bank’s Financial Struggles: Will Metro Bank in the UK be 2023’s next banking collapse? UK’s Metro Bank shares plummeted by 31% following reports of its urgent need to raise funds to stabilize its finances. 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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Payhawk Raises $3.35M For Virtual Corporate Cards

PYMNTS

Payhawk , which makes next-generation paperless company cards, closed a 3-million-euro ($3.35 The system has machinations for putting funds into employee credit cards, dealing with invoice payment or collection, and working out transactions via the company software and generating the corresponding reports.

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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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Managing Spend In A Sector Where Unplanned Expenses Are The Norm Issues

PYMNTS

Metro Bank is hoping a new feature that allows employees to take and instantly upload photos of such receipts will help fix that. The solution uses automated technology to categorize and codify relevant data from these documents in real time, thereby trimming the time employees and expense managers need to sort through them.

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CFPB Feb. 2016 complaint report highlights prepaid card complaints, complaints from Texas/Houston metro area consumers

CFPB Monitor

The CFPB has issued its February 2016 complaint report which highlights complaints about prepaid cards and complaints from consumers in Texas and the Houston metro area. The CFPB began taking complaints about prepaid cards in July 2014. percent of total complaints.

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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. has chosen Adyen to manage its online and in-store payments in the continent, Adyen said in an announcement. In addition, Gap Inc. Ireland and Italy.

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