Latest Cards News: Finextra Research

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.

30 January 2023

News/people

Marqeta appoints Simon Khalaf as CEO

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

27 January 2023

News/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.

23 January 2023

News/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.

20 January 2023

News/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.

20 January 2023

News/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.

22 December 2022

News/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.

20 December 2022

News/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.

20 December 2022

News/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.

15 December 2022

News/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.

09 December 2022

News/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.

08 December 2022

News/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.

07 December 2022

News/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.

05 December 2022

News/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.

02 December 2022

News/regulation

Barclays slapped with £8.4 million interchange fee fine

The Payment Systems Regulator has fined Barclays Bank £10 million for failing to supply retailers with full information about the fees attached to different card services.

02 December 2022

News/startups

TreeCard raises $23 million for wooden debit card

TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $23 million in a funding round involving Peter Thiel's Valar Ventures, World Fund and EQT, Seedcamp, Episode 1 and various angels.

01 December 2022

News/cloud

New Singapore digital bank Trust selects Thought Machine core

Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine's cloud-native core platform.

30 November 2022

News/payments

Court dismisses Mastercard appeal against £14 billion class action lawsuit

A £14 billion class action lawsuit against Mastercard interchange fees has moved a step closer to trial following a failed last ditch attempt by the card scheme to derail the claim.

29 November 2022