Latest Cards News: Finextra Research

Mastercard supercharges fraud detection with GenAI

Mastercard is turbocharging its fraud detection technology with generative AI that can scan a trillion data points to predict whether a transaction is likely to be genuine or not.

02 February 2024

News/payments

Biometric card pioneer Zwipe backs out of payment card market

Biometric card company Zwipe is backing out of the payments market following disappointing uptake of its fingerprint-powered contactless cards.

31 January 2024

News/identity

Mastercard bids to kill passwords with new biometric service

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.

26 January 2024

News/regulation

CFPB takes on non-sufficient fund fees

America's Consumer Financial Protection Bureau (CFPB) has proposed a rule that would stop banks charging non-sufficient fund fees for transactions that are declined in real time.

24 January 2024

News/payments

Citi unveils browser extension to help shoppers find online offers

Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.

24 January 2024

News/people

Brex axes 20% of staff

Corporate spend management giant Brex has laid off 282 people (20% of its workforce) and revealed that its COO and CTO are leaving their roles.

23 January 2024

News/payments

Commerzbank and Global Payments form payments joint venture for SMEs

Global Payments and Commerzbank are to launch a joint venture company catering to the digital payment needs of small and medium sized enterprise in germany.

12 January 2024

News/payments

Swiss payments fintech Rivero raises $7 million

Swiss payment technology house Rivero has raised $7 million in Series A funding to step into new markets and boost its product development and workforce.

11 January 2024

News/security

EBL to launch 'world-first' biometric metal card

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.

21 December 2023

News/payments

Visa expands Fintech Fast Track programme

Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.

18 December 2023

News/payments

Apple, Visa and Mastercard face anti-trust class action lawsuit

Apple, Visa and Mastercard are facing a class action lawsuit over allegations that they conspired to suppress competition in the market for point-of-sale payment card services.

18 December 2023

News/payments

UK payments watchdog proposes cap on interchange fees

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.

13 December 2023

News/payments

JCB to begin Phase 2 trials of offline CBDC

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

13 December 2023

News/payments

Motive acquires controlling stake in Splitit Payments

Private equity firm Motive Partners has acquired a controlling stake in Australian-listed BNPL outfit Splitit Payments.

13 December 2023

News/people

Paymentology hires former Marqeta exec Jeff Parker as CEO

Global card issuer and processor Paymentology has hired Jeff Parker, the former SVP and managing director of Marqueta, as its new CEO.

12 December 2023

News/payments

Intesa Sanpaolo rolls out contactless payment ring

Intesa Sanpaolo is launching a wearable payment ring for customers to tap and pay at the checkout.

11 December 2023

News/payments

Visa and Mastercard lower Canadian interchange fees

Canada has finalised a deal with Visa and Mastercard to lower credit card interchange fees for small businesses.

11 December 2023

News/payments

Adyen to act as global acquiring bank for Klarna

Buy now pay later giant Klarna has selected Adyen as a global acquiring partner, responsible for collecting card-based payments from customers and their banks, and then delivering them to retailers and merchants - both in-person and online.

05 December 2023