MEDIUMVulnerability
Global

UK Payments Initiative launches to challenge Visa and Mastercard stranglehold

·Source: Finextra

Updated:

Executive Summary

The UK Payments Initiative, a new company formed with the backing of the UK's biggest banks, has gone live, with the aim of undermining the dominance of US card networks in payments.

Analysis

The UK Payments Initiative, a new company formed with the backing of the UK's biggest banks, has gone live, with the aim of undermining the dominance of US card networks in payments.
Source Attribution

Originally published by Finextra on Jun 2, 2026.

Related Threats

MEDIUMVulnerabilityNEW

Trump Signs Voluntary AI Cyber Review Order

<img src="https://ismg-cdn.nyc3.cdn.digitaloceanspaces.com/articles/trump-signs-voluntary-ai-cyber-review-order-image_small-6-a-31833.jpg" align=right hspace=4><b>White House Cuts Proposed AI Review Period From 90 Days to 30</b><br>President Trump signed an executive order creating a voluntary framework for evaluating advanced AI systems with significant cybersecurity capabilities, directing NSA,

Bank Info Security
MEDIUMVulnerabilityNEW

White House unveils pared-back AI executive order

The order notes that federal access to the models should be subject to “appropriate confidentiality, cybersecurity, insider-risk, and intellectual-property protection, use, and nondisclosure requirements.”

The Record
MEDIUMVulnerabilityNEW

EBA and NYDFS ink stablecoin MoU

The European Banking Authority (EBA) has signed a Memorandum of Understanding (MoU) with the New York State Department of Financial Services (NYDFS) under the Markets in Crypto-Assets Regulation (MiCA).

Finextra