3323 articles tagged with this keyword
News/payments
Visa is set to take advantage of Brexit to raise interchange fees on cross-border transactions between the UK and EU, according to the Financial Times. The move comes as the payments giant faces an investigation by the US Justice Department over possible anticompetitive practices in debit card transaction routing.
19 March 2021
News/startups
Pollinate, a merchant acquiring startup founded by former Monitise chief Alastair Lukies, has closed a $50 million Series C funding round led by Insight Partners and joined by NatWest, Mastercard and NAB.
Commonwealth Bank of Australia has waded into the competitive buy now, pay later market, competing with local juggernaught Afterpay, and Klarna, in which it has invested $350 million.
17 March 2021
Toronto-based payment technology firm Brim Financial has closed a $25M Series B, co-led by Desjardins Group and US-based Epic Ventures.
16 March 2021
India's Axis bank has rolled out a range of wearable devices for contacless payment transactions.
News/sustainable
Starling has become the first UK bank to issue Mastercard debit cards made of recycled plastic.
15 March 2021
New York's Metropolitan Transit Authority (MTA) is to phase out its thirty-year old MetroCard in 2023 in favour of contacless payment acceptance across its network.
12 March 2021
News/crypto
Cryptocurrency player BlockFi has hit a $3 billion valuation off the back of a $350 million Series D funding round led by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global.
11 March 2021
News/inclusion
Cheese, a US digital banking platform targeting Asian communities, has launched with a pledge to donate $100,000 to nonprofits and community service programmes in support of Asian neighbourhoods and businesses hit by violence and economic hardship during the pandemic.
10 March 2021
Spain's CaixaBank is the latest lender to start issuing cards made from recycled plastic and biodegradable components.
Southeast Asian digital payments infrastructure provider Xendit has raised US$64.6 million in a Series B funding round led by Accel.
03 March 2021
Lithuanian payments startup kevin. has released a novel product for merchants that switches customers from card payments to account-to-account (A2A) payments at the checkout.
UK chancellor Rishi Sunak is set to announce a change in the contactless limit from £45 to £100 in his budget speech this week.
02 March 2021
Mexican fintech Stori has raised $32.5 million in a Series B funding round to bring credit cards to the country's middles class.
01 March 2021
Max Levchin's BNPL outfit Affirm is launching a debit card that lets users pay for purchases over time.
26 February 2021
TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $5.1 million in a funding round led by EQT Ventures
25 February 2021
Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.
24 February 2021
Buy now, pay later schemes are expected to account for 10 percent of all UK e-commerce sales by 2024, according to data compiled by Worldpay.
The European Payments Initiative, a bank-backed joint venture that aims to build a rival to Mastercard and Visa, has put out a Request for Information for 'qualified technical partners' to help build its central infrastructure.
News/cloud
South African digital lender TymeBank has raised R1.6 billion (about $109 million) in a round joined by an Apis Partners fund and Philippines-based JG Summit.
23 February 2021
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