UK Plans New Bank of England Payments Innovation Objective
The UK plans to make payments innovation a secondary Bank of England objective, subordinate to financial stability and subject to annual reporting.
Category: Payment Infrastructure
Second Lloyds App Outage in Eight Days Tests Resilience
Lloyds restored its apps after another access outage, the second reported in eight days, renewing questions about resilience and incident transparency.
Monzo Outage Delays Payments Despite Backup Bank Activation
Monzo activated its independent Stand-in service during an outage that delayed payments and disrupted phone support, but some customers still reported failed transactions.
Lloyds Group Digital Banking Outage Blocks Customer Access
Customers of Lloyds, Halifax and Bank of Scotland lost access to mobile and online banking before Lloyds Banking Group said the issue was resolved.
ECB Survey Finds Mobile Payment Acceptance at 68% as Cash Leads
Cash remains the most widely accepted payment method among surveyed euro-area companies, while mobile acceptance nearly doubled from 2024.
Draft FDIC Plan Would Certify Bank Fintech Vendors Without Replacing Oversight
A draft framework would create reusable certification for bank technology providers, but it leaves banks responsible for customer protection, integration and ongoing oversight.
India Gives Government More Control Over UPI Fee Protections
Parliament has shifted India’s statutory no-charge rule for digital payments to a government-notification model, leaving the future treatment of UPI merchant fees unresolved.
ION Says Rent Disputes Resolved After Landlord Actions in Three Countries
ION says office rent disputes are resolved after reported eviction steps and access restrictions raised questions about the financial software group.
Who Is Policing Fortris’s Gaming Customers?
Fortris promises compliant crypto infrastructure for gaming. Its public materials do not answer who verifies where its customers may legally take bets.
UK Bank Transfer Delays Expose Duplicate-Payment Risk
Transfer problems reported across several UK banks left customers uncertain whether payments had failed, creating a risk that retries could duplicate transactions.