Cards

3445 articles tagged with this keyword

/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.

/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.

/payments

Visa hikes UK-EU online interchange fees; faces US investigation into debit card practices

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.

/startups

Pollinate closes $50m funding round

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.

/payments

CommBank steps into BNPL fray

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.

/payments

Payments-as-a-service platform Brim raises $25 million

Toronto-based payment technology firm Brim Financial has closed a $25M Series B, co-led by Desjardins Group and US-based Epic Ventures.

/payments

Axis Bank introduces 'Wear 'N' Pay'

India's Axis bank has rolled out a range of wearable devices for contacless payment transactions.

/sustainable

Starling issues debit cards made from recycled plastic

Starling has become the first UK bank to issue Mastercard debit cards made of recycled plastic.

/payments

MTA to phase out MetroCard as contactless payments pick up

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.

/crypto

BlockFi raises $350m at $3bn valuation

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.

/inclusion

Cheese launches digital banking platform for Asian communities

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.

/sustainable

CaixaBank to replace cards with recycled material

Spain's CaixaBank is the latest lender to start issuing cards made from recycled plastic and biodegradable components.

/payments

Indonesian payments infrastructure firm Xendit raises $64.6m

Southeast Asian digital payments infrastructure provider Xendit has raised US$64.6 million in a Series B funding round led by Accel.

/payments

Lithuanian startup kevin. bids to cut out card networks at the checkout

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.

/payments

Sunak to pitch increase in contactless limit to £100 as 'Brexit dividend'

UK chancellor Rishi Sunak is set to announce a change in the contactless limit from £45 to £100 in his budget speech this week.

/inclusion

Stori raises $32.5m to bring credit cards to Mexico's middle class

Mexican fintech Stori has raised $32.5 million in a Series B funding round to bring credit cards to the country's middles class.

/payments

Affirm unveils BNPL debit card

Max Levchin's BNPL outfit Affirm is launching a debit card that lets users pay for purchases over time.

/sustainable

TreeCard secures $5.1 million investment for wooden debit card

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

/payments

Intuit sues Visa and Mastercard over 'price fixing'

Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.

/payments

BNPL expected to double market share in UK e-commerce within the next four years

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.