Latest Cards News: Finextra Research

Online retailers warned of lost sales as SCA comes into effect

Online retailers are being warned to be prepared for the introduction of Strong Customer Authentication (SCA), the biggest change to payments since Chip & Pin rolled out 16 years ago.

14 March 2022

News/payments

Revolut raises €10 million for Red Cross Ukraine appeal

Launched on the 25th February, Revolut enabled millions of its customers worldwide to instantly donate to the Red Cross Ukraine Appeal, targeted at supporting victims of the war in Ukraine. The €10 million was raised through donations of Revolut customers, which were then matched by Revolut itself.

11 March 2022

News/payments

Curve lands in the US

London-based fintech Curve has launched in the US, offering Americans the option to combine all their debit, credit and loyalty cards into one.

10 March 2022

News/payments

Mastercard class action suit moves closer to trial as billions more pounds added to claim

A £14 billion class action lawsuit against Mastercard interchange fees has moved a step closer to trial with an additional £2.7 billion added to the claim following the latest judgement by the UK's Competition Appeal Tribunal.

10 March 2022

News/people

Forty percent of Amex staff choose to go virtual

Up to 40% of American Express employees have chosen to go completely virtual under the card scheme's flexible working model.

10 March 2022

News/startups

Italian banking platform for micro entrepreneurs launches

A new digital banking platform is launching in Italy to help micro enterprises and the self-employed with their administration and financial management.

10 March 2022

News/payments

Citi Commercial Cards picks Marqeta for mobile wallet offering

Citi Commercial Cards has selected Marqeta's tokenisation technology to power its global mobile wallet offering.

09 March 2022

News/payments

Merchants bid to block looming interchange fee hikes

The Merchants Payments Coalition is calling on US politicians to block Visa and Mastercard interchange fee hikes that are set to take effect in April.

08 March 2022

News/startups

Mastercard invests in Zeta

Mastercard has joined a $30 million funding round in credit card processing vendor Zeta and signed a five-year go-to-market deal with the startup.

07 March 2022

News/payments

PayPal, Mastercard, Visa, Amex suspend all services in Russia

PayPal and each of the major card schemes have shut down all services in Russia in an escalation of financial sanctions that go beyond just targeted banks.

07 March 2022

News/startups

Oz business banking startup Zeller hits A$1bn valuation

Australian business banking startup Zeller has hit a A$1 billion valuation thanks to a A$100 million Series B funding round led by Headline.

02 March 2022

News/payments

Barclaycard adds Apple Pay support to virtual expense card

Barclaycard Payments has added Apple Pay support to its Precisionpay Go virtual Visa cards, enabling employees to pay for face-to-face as well as online business expenses.

02 March 2022

News/wholesale

Hubuc raises $10m for 'AWS of embedded finance'

Barcelona-based Hubuc has become the latest embedded finance player to raise funding, closing a $10 million seed round co-led by WndrCo and Runa Capital.

24 February 2022

News/crypto

Hi partners Contis to launch crypto debit card

Crypto exchange and mobile banking platform hi has teamed up with BaaS player Contis on a debit card that lets shoppers pay with their digital assets at over 60 million merchants.

24 February 2022

News/startups

Nomo adds current account to SME fintech app

Nomo, the Banco Sabadell-backed fintech platform for the self-employed and SMEs, is adding a current account and virtual card to its offering.

24 February 2022

News/payments

Nexi in talks to acquire BPER merchant payment business

Italian bank BPER has entered exclusive negotiations with local payments processor Nexi for the sale of its merchant payments business.

23 February 2022

News/people

Warren Buffett dumps Visa and Mastercard stock, buys Nubank

Warren Buffett’s Berkshire Hathaway has sold a combined $3.1 billion worth of shares in Visa and Mastercard and bought a $1 billion stake in Brazilian digital lender Nubank.

21 February 2022

News/payments

Amazon reaches global deal with Visa over card fees

Amazon has dropped its threat to stop accepting Visa cards across its global operations after reaching an agreement with the card scheme.

17 February 2022

News/payments

Siam Commercial Bank invests $100 million in Indonesian BNPL player Akulaku

Siam Commercial Bank has invested $100 million in Indonesian buy now, pay later platform Akulaku.

17 February 2022

News/payments

Closed loop and A2A payments set to take a bite out of card schemes

Closed-loop payment systems are top of the alternative payment product wish list for payment professionals, with account-to-account payments at the point-of-sale running a close second, according to research by regulatory intelligence agency Vixio.

16 February 2022