Revolut

2024 - 10 - 14

Revolut Takes the POS Game Up a Notch: New Terminal to Shake Things Up!

Banking Security - Fintech Innovations - Fraud Complaints - Payment Solutions - POS Terminal - Revolut

Revolut’s new POS terminal is here to steal the show and the market! A must-know for business owners as we gear up for festive shopping! 🎉💳

In an exciting development for fintech enthusiasts and retailers alike, Revolut has unveiled its latest product aimed at transforming the point-of-sale (POS) experience: the Revolut Terminal. Targeting larger businesses in the UK and Ireland, this sleek device positions Revolut as a competitor to legacy payment providers such as Square and SumUp. With over 45 million customers globally, the company is setting its sights on the festive shopping season, offering pre-orders starting next month in Ireland and already available in the UK.

The launch is timely, as businesses are gearing up for increased transactions around holidays like Black Friday. Alex Codina, the general manager of merchant acquiring at Revolut, expresses a confident outlook, suggesting that competing with established players will be "pretty easy." The Revolut Terminal is designed for speed and efficiency, allowing merchants to process payments quicker than ever, making it a valuable addition for busy shops needing to keep lines moving during peak shopping hours.

However, as Revolut aims to dominate the POS market, it's not without its share of controversies. A recent BBC Panorama investigation revealed that Revolut has received more fraud complaints than any major bank in the UK. Some customers recounted harrowing tales of losing significant amounts due to scams, underscoring the need for enhanced security measures. With reports stating that APP fraud, where victims are tricked into transferring money, cost Britons an eye-watering £460 million last year, concerns are mounting about Revolut's security protocols as the company scrambles to roll out new products.

As Revolut pushes forward with its new payment terminal, it’s a reminder that innovation in finance comes with its challenges. Balancing rapid growth while ensuring robust customer protection is a tightrope walk for any fintech. Despite these hurdles, consumers and merchants are eager to see how the launch will unfold amidst the hustle and bustle of the forthcoming shopping season. Will the new Revolut Terminal be a game-changer for retail, or will it stumble over its troubled past? Only time will tell!

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Image courtesy of "Fintech Finance"

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The London-based banking firm is set to roll out the device, called Revolut Terminal, in the UK and Ireland ahead of the busy festive season in a push to ...

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London-headquartered fintech disruptor Revolut is launching a payment terminal targeting larger businesses and retailers in the UK and Ireland.

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Revolut is rolling out a POS terminal device for larger businesses in the UK and Ireland in advance of Black Friday and the busy festive shopping season.

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Alex Codina, the general manager of merchant acquiring at Revolut, said that taking on legacy payment providers would be 'pretty easy'

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Image courtesy of "Evening Standard"

Revolut named in more fraud complaints than any major UK bank ... (Evening Standard)

Some customers of Revolut said they were not protected when targeted by scammers, a BBC Panorama investigation found.

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Image courtesy of "The Independent"

Revolut named in more fraud complaints than any major UK bank ... (The Independent)

One Revolut customer said he had £165000 stolen from his business account by fraudsters.

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Image courtesy of "UKTN"

Revolut 'named in more fraud complaints than any major UK bank ... (UKTN)

A company insider told the BBC: “Protecting Revolut from being used for financial crime always played second fiddle to the desire to launch new products and to ...

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Image courtesy of "Mirror.co.uk"

'I watched as scammers stole £165000 from my Revolut account in ... (Mirror.co.uk)

Revolut has around 45million customers worldwide, with nine million in the UK, but has not yet been granted full status as a bank.

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Image courtesy of "Birmingham Live"

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The Revolut customer tells a BBC Panorama documentary, which is set to air tonight (Monday October 14), he believes the company's security measures failed ...

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Revolut named in more police fraud reports than any UK bank last ... (City A.M.)

APP fraud cost Britons £460m last year, according to banking trade body UK Finance. These scams involve tricking victims into transferring money from their bank ...

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Revolut unveils fast terminal in UK and Ireland (The Paypers)

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Will the staggering number of fraud complaints jeopardise the banking ambitions of UK e-money firm Revolut?

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Fraud complaints about Revolut rise 146% in just two years (This is Money)

The number of fraud reports mentioning Revolut to scam reporting body Action Fraud jumped by 36% to 9793 in 2023 an FOI reveals.

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Image courtesy of "Proactive Investors UK"

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London-headquartered fintech disruptor Revolut is launching a payment terminal targeting larger businesses and retailers in the UK and Ireland.

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Revolut UK receives thousands of fraud complaints (Euro Weekly News)

Revolut, the popular digital banking app, has been named in more police fraud complaints than any other major UK bank in the last year.

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Revolut's Security Measures in Question After APP Fraud Surge (PaymentsJournal)

Revolut was named in more fraud complaints than its peers last year, raising concerns about the digital-only bank's fraud prevention program.

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Revolut has announced the upcoming launch of Revolut Terminal, a wireless POS device aimed at larger businesses in the U.K. and Ireland.

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Revolut launches new POS terminal for large businesses ahead of ... (FinTech Global)

Revolut, a global FinTech company known for its versatile digital banking services, has launched a new point-of-sale (POS) terminal device aimed at larger ...

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Revolut tops fraud leaderboard by a country mile (Finextra)

The BBC has found that Revolut was named in more reports of fraud in the last financial year than any of the major High Street banks.

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