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T-Mobile takes on US banks with checking account

/Cards

T-Mobile takes on US banks with checking account

Telecoms giant T-Mobile is taking on the American banks, teaming up with BankMobile to launch an app-based checking account.

Court revives £14bn class action suit against Mastercard

/Cards

Court revives £14bn class action suit against Mastercard

A £14 billion class action lawsuit against Mastercard over interchange fees is back on after the Court of Appeal granted permission to challenge an earlier decision to dismiss the case.

Mastercard gives commercial cardholders more insight into Amazon Business purchases

/Cards

Mastercard gives commercial cardholders more insight into Amazon Business purchases

Mastercard has moved to give commercial cardholders greater insight into their expenses by providing more transaction data on Amazon Business purchases.

Halifax rebrand slammed for copying Monzo and Starling

/Cards

Halifax rebrand slammed for copying Monzo and Starling

Days after Halifax's attempt at a rebrand to compete with digital upstarts such as Monzo and Starling, social media users noticed that the bank's new identity may have taken the competition a little too literally.

Extend raises $11m for virtual card issuance platform

/devops

Extend raises $11m for virtual card issuance platform

Virtual corporate credit card issuance startup Extend has raised $11 million in a Series A funding round led by Point72 Ventures and FinTech Collective.

Physical ATM attacks show explosive growth

/security

Physical ATM attacks show explosive growth

The number of physical attacks on ATMs in Europe has risen for the fourth consecutive year, although this was partially offset by a fall in the number of malware and logical attacks, according to industry association East.

Mastercard to invest EUR50m in African online retailer Jumia

/payments

Mastercard to invest EUR50m in African online retailer Jumia

Mastercard is set to invest EUR50 million in Jumia Technologies through a private placement ahead of the Africa-focused ecommerce firm's upcoming initial public offering, according to Bloomberg.

Remitly taps Visa to let users send cross-border payments to debit cards

/payments

Remitly taps Visa to let users send cross-border payments to debit cards

US mobile money transfer outfit Remitly has teamed up with Visa to let Americans send funds to debit cards across borders.

T-Mobile enters mPOS market

/Cards

T-Mobile enters mPOS market

T-Mobile is putting Square and First Data's Clover on notice With GoPoint, a new mobile Point of Sale (mPOS) device offering businesses free same-day funding and no software licensing fees.

Mastercard to invest $300 million in Network International

/payments

Mastercard to invest $300 million in Network International

Mastercard has confirmed plans to make a cornerstone $300 million investment in Middle Eastern payments processor Network International, which last week announced its intention to list on the London Stock Exchenge.

Citi moves into consumer payments business

/payments

Citi moves into consumer payments business

Citi is making a play for the fast-growing consumer digital payments sector, building a service that lets merchants collect from a host of methods including cards and e-wallets.

Apple unveils credit card

/Cards

Apple unveils credit card

Apple is launching its own credit card that will be tightly integrated into its mobile wallet and promises to help customers lead a "healthier financial life".

Card issuing outfit Marqeta nears $250m funding round - TechCrunch

/Cards

Card issuing outfit Marqeta nears $250m funding round - TechCrunch

Open API card issuing and processing platform Marqeta is closing in on a $250 million Series E round at a $1.875 billion valuation, according to TechCrunch.

Visa builds Crypto Team

/Cards

Visa builds Crypto Team

Visa is quietly building a 'Crypto Team' to execute the card scheme's strategy for the cryptocurrency world.

UK embraces contactless payments

/Cards

UK embraces contactless payments

Total UK contactless spending rose by nearly a third last year to £69 billion, with tap and pay now accounting for more than 40% of all card transactions, according to industry figures.

Barclaycard opens up to Alipay

/payments

Barclaycard opens up to Alipay

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has extended an existing provisional agreement with Alipay, enabling retailers across the country to accept the Chinese payment app at the point-of-sale.

Mastercard to buy Ethoca to reduce fraud in digital commerce

/security

Mastercard to buy Ethoca to reduce fraud in digital commerce

Mastercard continues its spending spree, agreeing to buy Ethoca, a firm that helps merchants and card issuers collaborate in real-time to identify and resolve fraud in digital commerce. Financial terms were not disclosed.

NatWest pilots biometric payment card

/Cards

NatWest pilots biometric payment card

UK bank NatWest is piloting in-card biometric technology that lets customers verify point-of-sale transactions with their fingerprints.

Mastercard drops Earthport bid; turns attentions to Transfast

/payments

Mastercard drops Earthport bid; turns attentions to Transfast

Visa appears to have won the bidding war for cross-border payments firm Earthport after rival Mastercard dropped its bid and instead struck a deal to buy another money transfer network, Transfast, for an undisclosed amount.

US Senate castigates Equifax over data breach

/security

US Senate castigates Equifax over data breach

Equifax failed to prioritise cybersecurity and left itself open to attack in the lead up to the massive 2017 data breach that compromised the personal information of more than 145 million Americans, a Senate investigation has found.

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