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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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Lisbon Metro, Littlepay to launch contactless bank card payments

The Paypers

Portugal-based transit system Lisbon Metro has partnered with UK-based transit payments processing company Littlepay to facilitate contactless bank card payments.

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InComm, LA Metro expand network for contactless transit card sales

Payments Source

InComm has partnered with the Los Angeles County Metropolitan Transportation Authority (Metro) to more than quadruple the number of retail locations at which customers can purchase and reload its contactless TAP transit fare cards.

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Wholesale company Metro launches Business Card powered by Mastercard

The Paypers

Germany-based wholesale company Metro has launched the embedded finance product Metro FS card for the hospitality industry with cooperation partner Mastercard.

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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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Cashfree empowers AutoPe Smart Cards to facilitate payments for Delhi Metro commuters

The Paypers

Cashfree has enabled standing instructions on credit cards for AutoPe , to facilitate payments for Delhi Metro commuters.

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