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SBI Investment leads $28 million Series A in German fintech Pliant

/startups

SBI Investment leads $28 million Series A in German fintech Pliant

Japan's SBI Investment has led a $28 million Series A round in Berlin-based corporate card platform, Pliant.

Barclays records surge in contactless transactions

/payments

Barclays records surge in contactless transactions

The total value of all contactless payments jumped 49.7% in 2022, as Brits embraced the £100 transaction limit and returned to high street shopping following the easing of all coronavirus restrictions.

Westpac gives credit cards a BNPL twist

/payments

Westpac gives credit cards a BNPL twist

Westpac has developed a novel twist on the buy now, pay later concept, giving credit card customers the opportunity to pay off their bills in four instalments

Natwest installs card recycling machines

/sustainable

Natwest installs card recycling machines

Natwest is installing 'reverse vending machines' where people can recycle their old credit and debit cards.

White House to cap credit card late payment fees

/regulation

White House to cap credit card late payment fees

The Biden administration is taking aim at credit card late payment fees in a move that it says could save Americans $9 billion a year.

Cybercriminals can now block contactless payments

/security

Cybercriminals can now block contactless payments

Prilex, a malware that was used originally to infect ATM’s and then evolved to Point-of-Sales machines has been found by Kaspersky to have modifications which now allow it to block a consumer's ability to make contactless payments, forcing them to put their cards in the machine in a bid to steal Pin codes.

Marqeta makes first acquisition, buys Power Finance for $275 million

/payments

Marqeta makes first acquisition, buys Power Finance for $275 million

Card issuing fintech Marqeta is to acquire credit card programme management platform Power Finance for $275 million in cash.

Marqeta appoints Simon Khalaf as CEO

/people

Marqeta appoints Simon Khalaf as CEO

Marqeta has tapped technology executive, Simon Khalaf, as its new CEO, effective January 31st.

Big US banks prep mobile wallet to take on Apple

/payments

Big US banks prep mobile wallet to take on Apple

America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall Street Journal.

Capital One cuts 1100 'agile' tech jobs

/people

Capital One cuts 1100 'agile' tech jobs

Capital One has axed more than 1100 technology positions as the credit card firm eliminates its "agile" job family.

Marqeta builds web push provisioning product for mobile wallets

/payments

Marqeta builds web push provisioning product for mobile wallets

Open API card issuing and processing platform Marqeta has unveiled a web push provisioning product that helps merchants accept payments from mobile wallets without requiring their customers to download an app.

TfL celebrates a decade of contactless payment on London’s buses

/payments

TfL celebrates a decade of contactless payment on London’s buses

Transport for London is celebrating a decade of contactless payments on the city's buses, with more than 2.5 billion journeys made using tap and go.

ECB finds strong demand for both cash and digital payments

/payments

ECB finds strong demand for both cash and digital payments

Cash is still the most frequently used means of payment at the point of sale, but its share is declining according to the latest study on the payment attitudes of consumers in the euro area, published by the European Central Bank.

Santander pilots in-branch card recycling machines

/sustainable

Santander pilots in-branch card recycling machines

Santander is piloting a recycling scheme in select UK branches allowing the public to dump expired or unused plastic cards in a safe and green manner.

Visa pledges to invest $1 billion in Africa

/inclusion

Visa pledges to invest $1 billion in Africa

Visa has pledged to invest $1 billion in Africa over the next five years to accelerate the deployment of digital payments across the continent.

Axe the Card Tax campaign calls for cost of card payment review

/payments

Axe the Card Tax campaign calls for cost of card payment review

The Axe the Card Tax campaign has called to the UK Treasury and Payments System Regulator to review the cost of card payments to encourage fintech payment innovation.

Nigeria limits ATM withdrawals to boost digital payments

/inclusion

Nigeria limits ATM withdrawals to boost digital payments

The Central Bank of Nigeria has capped daily ATM withdrawals at $45 in order to encourage electronic payments, including the eNaira digital currency.

AmEx faces Australian lawsuit over card distribution laws

/regulation

AmEx faces Australian lawsuit over card distribution laws

Australia's securities regulator is taking American Express to court, accusing the firm of issuing credit cards without making sure that customers understood them.

Thales releases 'Voice Payment Card' for the visually impaired

/payments

Thales releases 'Voice Payment Card' for the visually impaired

Thales has released a 'Voice Payment Card', to help guide visually impaired people as they conduct transactions at the till.

G+D’s sustainable cards zero-in on virgin plastics

/sustainable

G+D’s sustainable cards zero-in on virgin plastics

Dr Carsten Wengel, head of global sales and distribution in the card and digital payment business at G+D, spoke to Finextra on sustainable cashless options that are emerging in the financial services sector.

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