3393 articles tagged with this keyword
News/payments
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
US pharmacy chain Walgreens is launching its own mobile and online bank account in partnership with InComm Payments and Meta Bank.
News/startups
UK startup Monavate has raised £5 million for its technology-enabled, compliance and card scheme sponsorship platform.
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
Australian BNPL giant Afterpay is stepping up its assault on in-store payments through the introduction of a contactless virtual card offering.
News/crypto
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.
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
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
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
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
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
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.
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
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.
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