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UK facing 1970s-style balance of payments crisis under Liz Truss

TheGuardian

Tax cuts and spending pledges could spook global markets and trigger a collapse in sterling, Deutsche Bank warns Britain could face a 1970s-style balance of payments crisis in which the pound crashes if Liz Truss’s government loses the confidence of international investors, one of Europe’s biggest banks has warned. Continue reading.

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Green Dot Bank Names Ex-H&R Block CEO As Its Chief

PYMNTS

Through his more than 30 years of experience in leadership roles in the banking and payments industries, Greg has demonstrated a track record of leading change, driving results and strengthening operational risk and compliance, and is well positioned to lead Green Dot Bank’s continued transformation,” Henry said, according to the release.

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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

This week, two massive deals landed with B2B payments innovators at Fundbox and Tipalti, but they were far from the only players to have secured new funding. Operating out of New Zealand, Hnry offers gig economy workers tax administration technology that has just caught the attention of investors to the tune of $1.35 Everledger.

Payments 149
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Deutsche Bank Accounting Head Stands Aside Over Wirecard Scandal

PYMNTS

The move comes as Deutsche Bank and Andreas Loetscher are now in the scope of the investigation over Loetscher’s previous role at EY, the auditor of the disgraced payments company Wirecard. Wirecard , once a rising star in European payments, fell into scandal and then insolvency this year over the revelation of a missing 1.9

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Neon Lands $300M In VC Funding For Brazilian Expansion

PYMNTS

The MEI Fácil platform provides tax and payments products. We’ve worked closely with the Neon team since our initial investment last year to build upon its strong brand and bolster senior leadership in key strategic areas,” said Luiz Ribeiro, principal at General Atlantic. “We Neon says its user base now tops 9.4

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Merchants Using WeChat Pay Grew 80 Pct YOY In Q4

PYMNTS

Payment is one of the key infrastructure platforms of the company, enabling us and our merchant partners to complete transactions for online and offline services,” according to the report. “We extended our market leadership as the leading mobile payment platform by active users and number of transactions in China.”

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The Fiserv-First Data Merger Is Complete

PYMNTS

At the time the transaction was announced, the companies said users would benefit from a “highly complementary combination” that offers a range of payments and financial services, spanning account processing and digital banking, integrated payments and the Clover POS system, among other products and services.

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