Latest Cards News: Finextra Research

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

News/wealth

eToro makes acquisition ahead of debit card launch

Online investment platform eToro has furthered its preparations for the launch of its first debit card by acquiring UK-based e-money platform Marq Millions.

29 July 2020

News/people

UK fintech Curve hires ex-PayPal exec as first CFO

PayPal's former finance director has been hired by UK-based card and mobile app provider Curve to act as its first chief financial officer (CFO).

28 July 2020

News/crypto

Mastercard extends cryptocurrency interest

Mastercard is expanding its interst in virtual currencies, approving Wirex as the first native cryptocurrency platform to be granted principal membership, allowing it to directly issue payment cards.

20 July 2020

News/startups

HSBC backs Hong Kong open banking initiative

HSBC has teamed up with Hong Kong Science and Technology Parks Corporation (HKSTP) to help startups drive open banking innovation on the island.

16 July 2020

News/payments

Visa pilots instalment payments

Visa is entering the fast-growing instalment payments arena, working with a host of partners on pilots in the US.

14 July 2020

News/startups

Fintech startup Lanistar raises £15 million

Lanistar, a personal financial management startup founded in 2019, has raised £15 million to support its forthcoming commercial launch in Winter 2020.

13 July 2020

News/payments

Marqeta eyes IPO - Reuters

Unicorn open API card issuing and processing platform Marqeta has begun talking to investment banks about a potential initial public offering, according to Reuters.

10 July 2020

News/people

Railsbank arrives in the US

London-based open banking platform Railsbank has launched in the US, introducing a first-of-its-kind Credit Card as a Service (CCaaS) offering.

10 July 2020

News/payments

Mastercard to issue 'True Name' cards for transgender community

Mastercard is to roll out cards in Europe that enable users to display an alternative to their given name.

09 July 2020

News/payments

Card schemes to take Click to Pay standard global

American Express, Visa, Mastercard and Discover are to roll out the online 'Click to Pay' standard globally, having signed up 10,000 merchants in the US since launch in 2019.

08 July 2020