Latest Cards News: Finextra Research

Brex makes permanent move to 'remote first' working

Six months after Covid-19 began forcing firms and their staffers to make the switch to working from home, San Francisco-based fintech Brex is embracing the change and becoming a permanent remote-first employer.

14 September 2020

News/payments

NAB launches no-interest credit card

National Australia Bank is offering an alternative to third party buy now, pay later offerings with the launch of an interest-free credit card.

10 September 2020

News/payments

Starling Bank launches Kite cards for kids

Starling Bank is to launch its Kite debit card, which can be used by children under the age of 16 for spending online, instore and withdrawing cash from ATMs.

09 September 2020

News/payments

Visa faces EU scrutiny over digital wallet licencing rules

The European Commission has opened a preliminary investigation into Visa's rules regarding staged digital wallets.

07 September 2020

News/retail

Tandem pivots from challenger mode with credit card wind down

Tandem Bank is the latest UK challenger to undertake a business pivot in the midst of the pandemic, shutting down its credit cards to focus instead on plain vanilla savings and loans.

04 September 2020

News/retail

Monzo bids to cut costs with new fees for ATM withdrawals and lost cards

Monzo is to slap free-loading users with a three percent charge for ATM withdrawals amounting to over £250 per month and a £5 fee for replacing lost cards.

02 September 2020

News/payments

Visa uses AI to reduce declined transactions during service outages

Visa is using real-time AI to help financial institutions manage transaction authorisations during service outages and disruptions.

26 August 2020

News/startups

Teen banking app Copper raises $4.3m

Copper, an app-based banking startup targeting teens, has raised $4.3 million in a seed funding round led by PSL Ventures.

25 August 2020

News/payments

Japan facing credit card number shortage

Japan is running out of 16-digit credit card numbers amid a government effort to encourage electronic payments and a surge in online shopping during the Covid-19 pandemic, according to local press reports.

25 August 2020

News/payments

India's NPCI launches unit to take UPI and RuPay global

The National Payments Corporation of India (NPCI) has set up an international subsidiary to sell the technology behind its RuPay network and Unified Payments Interface (UPI) to other countries

21 August 2020

News/payments

Brits shunning cash over misplaced fears about Coronavirus spread

New research commissioned by GoCompare Money reveals that a third of UK adults are avoiding using cash because of the risk of spreading the Coronavirus, despite reassurances by central banks and the World Health Organisation over the safety of cash payments.

18 August 2020

News/payments

Card scammers target Ritz diners

Crooks have snaffled dining reservation information from the Ritz hotel in London and used it to call customers in an effort to trick them into handing over their card details.

17 August 2020

News/payments

UAE card issuer and processor NymCard secures regulatory pre-approval

Abu Dhabi-based fintech NymCard has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FRSA) to hold and transfer money, issue payment instruments with stored value and carry out currency exchange.

17 August 2020

News/payments

BBVA introduces contactless cash machines

BBVA is offering customers zero-touch contactless cash withdrawals from ATMS as a means to promote safety and hygiene protocols during the pandemic.

11 August 2020

News/payments

Curve bids for £10 million BCR grant to break into the small business market

All-in-one card Curve is bidding for £10 million from the RBS bail out fund as it prepares to move into the small business market.

10 August 2020

News/inclusion

RBI plans offline digital payments pilot, sets up innovation hub

The Reserve Bank of India is prepping an offline digital payments pilot to encourage the migration from cash in rural areas that lack internet connectivity.

07 August 2020

News/security

Capital One fined $80m for massive 2019 hack

Capital One has agreed to a $80 million fine from US regulators over a 2019 hack which exposed the personal information of more than 100 million customers and applicants.

06 August 2020

News/payments

What does Apple's acquisition of Mobeewave mean for banks?

Apple's acquisition of Mobeewave, a Canadian-based startup that allows merchants to use their smartphone as payment terminals by a simple tap of the card, could have serious implications for banks, according Christoffer O. Hernæs, chief technical officer of Norwegian online bank Sbanken,

06 August 2020

News/payments

Splitit secures $71.5m

Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

06 August 2020

News/payments

US mint facing coin shortage

The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic.

30 July 2020