Starling faces payment and app issues, again
The bank struggled with its payment processor in the past.
GPS
Dunedin invests in payments processor GPS’s £44m funding round
UK private equity firm takes stake in Global Processing Services.
Revolut uses GPS for FX app launch in APAC
Starting with New Zealand, Singapore and Japan.
Revolut to bring processing in-house
Revolut is building its own in-house processor, following a string of outages caused by its current third party provider.
GPS goes for luxury payments with wearables for Armillion
Global Processing Services (GPS) has teamed with Armillion to incorporate contactless payment technology into its exclusive high-end bracelets.
Top fintech stories this week – 10 March 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Monzo, Revolut, Loot, U Account and other fintechs let down by payments processor
Payment outages have caused major problems to cardholders and fintech services provides in the UK and internationally. This is understood to be down to payments processor Global Processing Services (GPS).
Ffrees, Wirecard, GPS and Bottomline Technologies team up for U Account
UK-based banking services challenger Ffrees Fiamily Finance has launched a new “digital agency banking solution” – U Account. The account is supported by Wirecard, Global Processing Services (GPS) and payments software vendor Bottomline Technologies.
US, EU regulators examine ‘time traveller’ trades from space
Regulators in Europe and the US are struggling to get to grips with trades that appear to be travelling back in time. Led by the UK’s National Physical Laboratory, new efforts are underway to synchronise time, with the help of atomic clocks.
