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Ukraine raises fraud concerns, Stripe exec says

Payments Dive

The war in Ukraine raised the stakes for payment fraud detection, as bad actors devise more complex ways of evading oversight.

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Do We All Know Where Ukraine is Now?

South State Correspondent

Ukraine War Will Continue to Dominate Trading This Week. Even if the economic calendar were chock full of first-tier releases, it would be developments in the Ukraine war that would dominate trading. The post Do We All Know Where Ukraine is Now? Suffice it to say, there will be nothing positive in the report with a 0.8%

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Chip shortage drives up card costs

Payments Dive

Russia's invasion of Ukraine is affecting card chip prices because Ukraine is home to two companies that produce half of the world’s neon supply, a key ingredient in chips.

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MoneyGram Launches First-Ever Ukraine Bank Deposit Service

PYMNTS

Peer-to-peer payments service MoneyGram will partner with Industrialbank to create a new bank deposit service in Ukraine. In Ukraine, funds from MoneyGram will be available on the same day they are sent, if they are sent within Ukrainian business hours. Otherwise, they will be available on the next business day with no back-end fees.

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Oligarch renounces Russian citizenship over Ukraine war

TheGuardian

Oleg Tinkov, who has previously spoken out against the conflict, says he won’t be associated with a ‘fascist country’ The billionaire banker and entrepreneur Oleg Tinkov has renounced his Russian citizenship because of the conflict in Ukraine, which he has previously criticised. “I I have taken the decision to exit my Russian citizenship.

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HSBC cuts references to Ukraine ‘war’ from its analyst reports

TheGuardian

Bank has softened language in research documents, according to report, amid pressure to exit Russia Russia-Ukraine war: latest updates What we know on day 33 of Russia’s invasion HSBC has reportedly removed references to a “war” in Ukraine from research reports, amid calls for the British bank to close its operations in Russia.

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Two fintechs halt Russian payments in solidarity with Ukraine

BankInovation

International money transfer fintechs Paysera and Wise halted transfers to and from Russia in a show of solidarity with Ukraine today as Russian armed forces invaded the Eastern European country. The fintech is capping transfers on its platform to Ukraine so that it […].

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