India has lifted restrictions on Mastercard after the payments giant demonstrated ‘satisfactory compliance’ with the South Asian market’s local data storage rules, the central bank said on Thursday. In a series of moves last year, the Reserve Bank of India indefinitely barred Mast?

ClearBank – a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services – has closed a big round of funding, money it will be using to take its services beyond its hom?

Court gives green light to push ahead with £10bn claim over credit card fees on behalf of 46 million customers

Mastercard has revealed it will start phasing out the magnetic strip on the back of credit and debit cards which have been made largely obsolete by chip and pin and contactless payments

Returns on short-term bonds are at their highest since October and four easy access accounts are paying 0.5 per cent for the first time in six months.The Islamic bank Gatehouse?s 1.1 per cent 12-month

The bank says 840 staff will be affected by the decision although it will try to offer them roles elsewhere.

The Bank of England unveiled the design of a new banknote celebrating mathematician Alan Turing, who helped Britain win World War Two with his code-breaking skills but is believed to have killed himself after being convicted for having sex with a male partner.

The UK’s biggest building society says it wants to give employees more control over their lives.

Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.

NatWest has become the latest British lender to switch to issuing Mastercard debit cards from Visa, in an agreement that includes 16 million consumer and business customer cards.

HSBC, Nationwide Building Society, NatWest and Santander were accused of not making it clear that they charged mark-ups on payments which could cost up to €51 when converting £1,000.

HSBC, Barclays, NatWest and Lloyds Banking Group have all begun freezing business accounts linked to suspected fraud. They have seized sums of up to £50,000 from the accounts of hundreds of customers.

Money is still pouring into easy-access accounts, figures showed this week. In November, the nation’s savers added a further £12.9 bn, boosting the total in easy-access accounts to £858bn.

One man nearly binned an envelope containing £50 after presuming it was a scam

The Money Saving Expert says anybody on the list of UK banks needs to watch out for a specific letter

HSBC said the closure decisions have been made in response to ‘market trends, customer behaviour and branch usage.’

Customers of some of Britain’s biggest banks living in Belgium, Italy (pictured) and the Netherlands have either had their accounts closed or will see them shuttered in the next few weeks.

Bank had propped up Trump Organization for years despite being sued by president but acted after Capitol attack

The offer at each bank is only available to customers affected by Covid until January 31, 2021.

Insurance, pension and investment assets to be shifted to Reclaim Fund and could aid Covid relief efforts

Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains.Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the

Which? reveals the best and worst banks for online security, working with independent experts 6point6.

Mastercard is one step closer to having to pay out as much as £14bn in total to more than 46m UK adults after it lost a landmark Supreme Court case.

The financial watchdog says there is a 36% rise in complaints about how banks have dealt with fraud.

The pound and Britain’s biggest banks came under pressure as the prospect of a no-deal Brexit spooked the City.Bank shares fell as much as 6.7 per cent yesterday, enduring their worst week since July

Most risks to financial stability posed by Covid and a no-deal Brexit have been mitigated, the Bank says.