Europe should create a payments system independent of the US, says German foreign minister Heiko Maas. The move would enable Europe to keep the Iran nuclear deal (abandoned by President Trump) alive. Maas said it was  "indispensable to strengthen European autonomy by setting up payment channels that are independent of the U.S., creating a European monetary fund and setting up an independent SWIFT system." German Chancellor Angela Merkel was cautious when asked about the idea, noting that cooperation with the US was important for combating terrorism financing. A metal credit card with Bitcoin cashback is targeted at the millennial jetset, reports Finextra. The card, made from a sheet of reinforced steel and three times as heavy as an ordinary credit card, is being launched by Digital banking startup Revolut, reports Finextra. "Revolut Metal' comes with a host of benefits, including cashback in Bitcoin and other cryptocurrencies and costs £12.99 a month, or £120 a year, nearly double the £6.99 a month cost of the firm's basic premium subscription. UK banks have been warned that they will need to show "clear evidence" that they have investigated push pay fraud cases thoroughly - and reflected hard on what more might have been done to protect their customers and their money, reports Finextra. The Financial Ombudsman says it's unfair to automatically accuse customers of 'gross negligence' when deciding on reimbursement for victims of push payment fraud (when businesses or individuals are conned into sending money to a fraudulent account to pay for goods or services). There were 43,875 cases of APP fraud and total losses of £236 million in 2017, only a quarter of which was refunded by financial services firms. Chief Ombudsman Caroline Wayman said: "We often hear from banks that their customers have acted with 'gross negligence' - and this means they're not liable for the money their customer has lost. However, gross negligence is more than just being careless or negligent. And as our case studies show, the evolution of criminals' methods - in particular, their sophisticated use of technology and manipulative "social engineering" - means it's an increasingly difficult case to make."