PayPal is to cough up $7.7m in fines after a US investigation found that it processed hundreds of illegal transactions involving blacklisted countries and individuals linked to terrorism.
Buried in the Chancellor’s budget breakdown were some compelling references to the future of digital currencies in the UK.
US-based Global Payments has picked up Irish payment technology company Realex payments in a deal worth €115 million.
The Barclays Accelerator will support cutting edge encryption technology for cyber security, a new bond marketplace and a Bitcoin company, along with seven other breakthrough startups.
The Bank of England mishandled the breakdown of its electronic payments system in October, an independent report has said.