Twitter has officially unveiled co-founder Jack Dorsey as the social network’s permanent chief executive, meaning the 38-year-old is now running both Twitter and payment processor Square.

Tyler and Cameron Winklevoss, the twins best known for their legal action against Facebook creator Mark Zuckerberg, have started a new bitcoin exchange after they received regulatory approval from the New York Department of Financial Services.

Challenger banks and Payment Service Providers (PSPs) now have direct access to the UK’s Faster Payments system, with the firm launching its ‘pre-funding’ settlement model that is designed to guarantee settlement between all participants without any shared risk.

As NFC technology continues to become more popular, Transport for London has released a new video to highlight the advantages of going contactless.

Delivery.com has become the latest online retailer to partner with Visa on its checkout delivery system, making it easier for its customers to pay for goods and services.

Most Canadians (67 per cent) say they are open to trying new banking or payment technology, such as depositing cheques by taking a photo with their mobile device or paying at the checkout with a wave of their smartphone, according to a new poll by CIBC.