Latest Cards News: Finextra Research

Open Banking loyalty app loyalBe secures £1 million investment

Belfast-based fintech company loyalBe has secured $1m investment in an oversubscribed funding round led by Techstart Ventures with support from Co-Fund NI and angels.

16 April 2021

News/crime

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

15 April 2021

News/payments

Cardlay raises €8 million from venture fund run by former Mastercard exec Javier Perez

Javier Perez, the former president of Mastercard Europe, has invested €8 million in Danish fintech Cardlay through his Global PayTech Venture fund.

14 April 2021

News/startups

Two-year old Ramp joins fintech Unicorn club

Ramp, a corporate credit card startup founded by the team behind Paribus, a consumer finance firm acquired by Capital One in 2016, has confirmed $115M in new funding from D1 Capital Partners and Stripe, with support from Goldman Sachs, Founders Fund, Coatue Management, Thrive Capital, Redpoint Ventures, Box Group, Neo, and Contrary Capital.

09 April 2021

News/payments

Von Moos builds pay-with-your-pen product

Swiss fountain pen manufacturer Von Moos is to embed a contactless payment chip into its made-to-measure range of writing implements.

09 April 2021

News/inclusion

Nubank pumps funds into Mexican unit

Brazilian digital banking powerhouse Nubank is pumping $70 million into its Mexican subsidiary and has secured another $65 million in revolving credit lines for the business from Bank of America, Goldman Sachs and JPMorgan Chase.

08 April 2021

News/payments

Mastercard releases end-user application for UK Request to Pay framework

Mastercard has rolled out an end-user application for the UK's Requst to Pay framework using standards developed by Pay.UK

08 April 2021

News/payments

Contactless payments surge across Europe

In less than a year since contactless limits increased across Europe, Visa has hit a processing milestone of one billion additional PIN-free transactions.

07 April 2021

News/startups

Indian startup Cred hits $2.2bn valuation

Cred, a fast-growing Indian startup that allows users to pay their credit card bills and gives rewards in return, has hit a $2.2 billion valuation off the back of a $215 million Series D funding round led by Falcon Edge Capital.

07 April 2021

News/payments

Revolut packs a punch with new glow-in-the-dark debit card

Revolut has launched a glow-in-the-dark debit card in partnership with two-times world heavyweight boxing champion Anthony Joshua as part of a programme to raise funds for independent boxing gyms across the UK.

06 April 2021

News/payments

UK watchdog accuses Mastercard and rivals of operating pre-paid card cartel

Mastercard and four other companies broke UK law by engaging in cartel behaviour in the pre-paid card market, according to the country's Payment Systems Regulator (PSR).

31 March 2021

News/retail

Walgreens launches a bank acount

US pharmacy chain Walgreens is launching its own mobile and online bank account in partnership with InComm Payments and Meta Bank.

31 March 2021

News/startups

Payments startup Monavate raises £5m

UK startup Monavate has raised £5 million for its technology-enabled, compliance and card scheme sponsorship platform.

31 March 2021

News/payments

Visa expands global money movement beyond the card

Visa has expanded its Visa Direct platform to help businesses push payments to eligible cards for domestic payouts, and to eligible cards and bank accounts for cross-border payments.

30 March 2021

News/payments

Afterpay unveils virtual card for in-store BNPL purchases

Australian BNPL giant Afterpay is stepping up its assault on in-store payments through the introduction of a contactless virtual card offering.

30 March 2021

News/crypto

Circle launches platform to let NFT marketplaces accept credit card payments

Fintech outfit Circle is bidding to cash in on the NFT craze by launching a platform that helps marketplaces accept credit card and crypto payments for their non-fungible tokens.

30 March 2021

News/crypto

Visa conducts first settlement transaction in USD Coin

Visa has become the first major payments network to settle transactions in USD Coin (USDC), a stablecoin backed by the US dollar.

29 March 2021

News/sustainable

Santander accelerates roll out of eco-friendly cards across Europe

Banco Santander has committed to converting all of its 30 million payment cards across Europe to recycled plastic within the next four years.

25 March 2021

News/startups

Fintech startup NumberX to launch app-based Mastercard

NumberX, a fintech firm established by former Revolut and Anyline managers, is preparing to launch an app-based Mastercard which promises to deliver to users neo-bank innovations without the need to upend a relationship with their trusted bank.

24 March 2021

News/payments

Probe into Apple Card finds no evidence of gender discrimination

The New York State Department of Financial Services (NYDFS) has found no evidence to support allegations that Goldman Sachs unfairly discriminated against Apple Card credit applicants.

23 March 2021