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3323 articles tagged with this keyword

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Visa acquires minority stake in Nigeria's Interswitch

Visa is to acquire a 'significant' minority equity stake in Nigerian payments processor Interswitch in a deal that propels the African firm into Unicorn territory.

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Apple Card faces investigation over sexist credit limit claims

US regulators have opened a probe into the algorithm used to determine the credit worthiness of Apple Card applicants after a man took to Twitter to call it "sexist" for giving him a credit limit 20 times higher than his wife's.

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Google Pay will now work with all banks after Curve integration

UK fintech Curve is now allowing its users with Android-operating devices to shop with Google Pay.

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Banks have lost a quarter of the payments franchise to new players - BIS

Non-banks now account for a quarter of the institutions offering payment services or payment instruments, up from 14% in only six years, according to a fresh batch of statistics from the Bank for International Settlements.

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Visitors to China get Alipay/WeChat Pay access

Ant Financial and TenCent have launched versions of their mobile payments apps for foreign visitors to China, making it easier for travellers to make purchases in the increasingly cash-averse country.

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Card-as-a-service startup Deserve raises $50 million

Deserve, a provider of bespoke white label credit card and loyalty programmes for third party audiences, has raised $50 million in a funding round led by Goldman Sachs.

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RBS, Mastercard and EFM Asset Management invest in Pollinate

RBS has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in merchant acquiring startup Pollinate.

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Link fields 100 applications for Cash Delivery Fund

A month after setting up an access to cash fund, the UK's Link ATM network says it has received more than 100 requests for the installation of free-to-use cash machines by local communities.

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Kroger ends Visa ban

US supermarket giant Kroger is accepting Visa credit cards at all of its stores again, ending a ban begun more than a year ago in protest at "excessive" interchange fees.

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Starling issues dual currency debit card

Starling Bank has issued a dual currency debit card which enables users to pay for purchases in either pounds or euros.

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Massive cache of Indian card data goes up for sale on dark web

The details of more than 1.3 million credit and debit cards - most of them from India - have been put up for sale on an underground forum.

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Royal British Legion taps Elavon for contactless donations

The Royal British Legion will be out in force across British cities in November, collecting contactless donations for the annual Poppy Appeal through a network of 1100 cashless terminals provided by Elavon.

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Globalisation of payments highlights need for new standards of governance

2020 will see a development in the standards governing the flow of money to match the increased globalisation of payment processing, according to Deloitte.

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Card schemes band together for one-click payments button

American Express, Discover, Mastercard and Visa are rolling out interoperable one-click checkouts at select e-commerce sites across the US, eliminating the laborious and repetitive key-entry of personal account numbers and information when shopping online.

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Revolut to launch in US with Mastercard

Revolut is to launch its first debit cards in the US with Mastercard, despite striking a global agreement with Visa last month.

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GoodBox taps Seedrs for £1 million raise

Contactless donation company GoodBox has raised £1 million in a crowdfunding campaign on Seedrs, adding to an earlier Series A round of £1.3 million.

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SCA – no more kicking the can down the road

With the EBA announcing a revised deadline for migration to Strong Customer Authentication (SCA) of December 31st 2020, how have industry players reacted and what now needs to happen make the transition a success?

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Fintech API builder Galileo to go global on $77 million capital injection

Galileo, which provides the API infrastructure layer for some of the world's top fintech startups, is plotting a global expansion programme after snagging $77 million in its first institutional funding round.

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Vocalink wins Link ATM deal

Vocalink has retained its role as technology provider to the UK's Link ATM network, beating off competition from four alternative suppliers for a five to 10-year contract for the provision of ATM switching and settlement services.

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Royal Mint launches solid gold payments card

The Royal Mint has teamed up with Mastercard and Accomplish Financial to launch a solid gold payments card.