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Amazon to ban Visa credit cards in the UK

/payments

Amazon to ban Visa credit cards in the UK

Amazon UK is to stop accepting credit cards from Visa, blaming the ban on the 'high cost of payments'.

Salvation Army rings the bells for contactless giving

/payments

Salvation Army rings the bells for contactless giving

Visa has initiated a pilot programme with The Salvation Army and tiptap to make donations contactless at the charitie’s iconic Red Kettles this holiday season.

Upgrade almost doubles valuation on $280 million funding round

/payments

Upgrade almost doubles valuation on $280 million funding round

Upgrade, a fintech startup that turns credit card balances into installment loans, has raised a $280 million Series F round at a $6 billion pre-money valuation, effectively doubling its valuation from just three months ago.

Justt raises $70m to take on chargeback system

/startups

Justt raises $70m to take on chargeback system

Justt, a startup using machine learning to help online merchants prevent false chargebacks, has come out of stealth with $70 million in funding.

Newt to operate SaaS payment platform for BBVA in Mexico

/payments

Newt to operate SaaS payment platform for BBVA in Mexico

Canadian fintech Newt has inked a deal with Blackhawk Network to operate an SaaS payment platform for BBVA's 11 million customers in Mexico.

Mastercard backs New Orleans card programme to boost financial inclusion

/inclusion

Mastercard backs New Orleans card programme to boost financial inclusion

Mastercard is working with the city of New Orleans to launch a card programme designed to boost financial inclusion and provide better access to services.

Mexican credit card startup Stori closes $125m Series C

/inclusion

Mexican credit card startup Stori closes $125m Series C

Stori, a Mexican fintech bringing credit cards to the country's middles class, has raised $125 million in a Series C funding round, adding another $75 million in debt financing.

Visa launches Eco Benefits bundle

/sustainable

Visa launches Eco Benefits bundle

Visa has unveiled a package of sustainability-focused benefits for account issuers designed to enable and encourage their cardholders to go green.

Daimler drivers will soon be able to pay with a finger

/payments

Daimler drivers will soon be able to pay with a finger

Daimler drivers will soon be able to pay for goods and services with the touch of a fingeprint, under a new 'connected car' partnership with Visa.

SDG corporate debit card launched by quartet of payments players

/sustainable

SDG corporate debit card launched by quartet of payments players

RailsBank, Toqio, and Mastercard have partnered with fintech platform HealRWorld, to deliver a corporate debit card that rewards sustainable businesses and promotes their commitment to the UN’s Sustainable Development Goals (SDGs).

Grover promotes circular economy with new debit card

/payments

Grover promotes circular economy with new debit card

German tech subscription platform Grover is teaming up with Solarisbank and Visa to bring embedded finance into its offering in a bid to encourage a societal shift towards the circular economy.

Revolut app lets customers sketch their own card design

/retail

Revolut app lets customers sketch their own card design

Revolut cardholders can now create a design of their own choice, using images, texts, emojis and even freehand sketches, to be rendered in monochrom on a chosen card

American Express opens business bank account

/payments

American Express opens business bank account

American Express has launched a digital checking account for businesses and issued its first ever debit card as part of the package.

Validus buys KlearCard platform to bolster upcoming SME neobank

/payments

Validus buys KlearCard platform to bolster upcoming SME neobank

Singapore-based SME financing player Validus has acquired KlearCard’s business payments and expense management technology platform. Financial terms were not disclosed.

Visa invests in card tech startup Deserve

/startups

Visa invests in card tech startup Deserve

Visa has followed Mastercard in investing in Deserve, a provider of bespoke white label mobile-centric API and SDK-based credit card technology.

Digital payments infrastructure startup Extend raises $40m

/payments

Digital payments infrastructure startup Extend raises $40m

New York-based digital payments infrastructure provider Extend has raised $40 million in a Series B fundraising round led by March Capital and backed by B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo, and Pacific Western Bank.

Mastercard introduces accessible card design for visually impaired

/payments

Mastercard introduces accessible card design for visually impaired

Mastercard has delivered a new design standard using a series of notches on the side of the card to help visually impaired people distinguish between a credit, debit or prepaid card.

Nium launches in the US with Crypto-as-a-Service platform

/crypto

Nium launches in the US with Crypto-as-a-Service platform

Singaporean embedded finance company Nium has launched in the US and extended its range of Banking-as-a-Service products to include cryptocurrency buying.

Brex hits $12.3bn valuation

/startups

Brex hits $12.3bn valuation

Corporate credit card fintech Brex has seen its value soar to $12.3 billion after pocketing another $300 million in funding, according to TechCrunch.

BBVA launches digital retail bank in Italy

/retail

BBVA launches digital retail bank in Italy

Spanish giant BBVA is making a push into the Italian retail banking market with the launch of a digital-only service.

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