Cards

3451 articles tagged with this keyword

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Link data highlights inexorable decline in cash usage

New data from the UK's Link ATM network shows an ongoing decline in the use of cash machines for withdrawing money and checking balances, as contactless cards and mobile banking services take hold.

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ING tests software that turns mobile phones into POS terminals

Dutch bank ING has piloted a software-based 'tap on phone' app, which transforms mobile devices into point-of-sale terminals.

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Visa invests in Indian B2B payments firm PayMate

Visa has joined a $25 million funding round in Indian B2B payments company PayMate.

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Tally launches banking app tied to gold ownership

UK startup Tally has launched an app offering individual banking accounts delivering saving and spending in physical gold.

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Curve picks up $55 million in Series B funding

Curve, the UK fintech that consolidates multiple cards and accounts into one smart card and app, has secured $55 million as part of a Series B funding round, valuing the company at a quarter of a billion dollars.

/payments

Sydney could use facial recognition for public transport payments

Sydney's commuters could soon ditch their contactless cards and pay for journeys with their faces, predicts the New South Wales transport minister.

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Samsung Pay integrates loan and credit card applications in India

Samsung has struck a deal with Paisabazaar, an Indian online marketplace for financial products, to let people apply for things such as credit cards and loans through Samsung Pay.

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N26 launches in the US

German digital bank N26 has launched in the US, beginning a phased roll out of its app-based account and debit card.

/security

British Airways faces £183m fine over data breach

British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of people.

/startups

Nordea invests EUR5m in neobank P.F.C

Nordic banking giant Nordea has invested EUR5 million in P.F.C (Personal Finance Co.), a recently launched Swedish neobank.

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Manchester Metrolink goes contactless

Passengers travelling on Manchester's tram network can now use their contactless payment cards to pay their fares, in the first aggregated Pay As You Go implementation on light rail outside of London

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Uber drives financial inclusion with in-app account from BBVA

Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.

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Kyash raises $14 million for cashless Japan push

Japanese payments app and putative challenger bank Kyash has raised $14 million in a Series B funding round co-led by Mitsubishi UFJ and Goodwater Capital, the VC firm that recently participated in Monzo's £113 million raise.

/payments

Visa to buy Verifi

Visa is buying Verifi, a payment dispute resolution technology specialist that promises to help firms reduce chargebacks. Financial terms of the deal were not disclosed.

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Goldman Sachs could create digital coin

Goldman Sachs could follow JPMorgan Chase in creating a digital coin, CEO David Solomon has revealed in an interview in which he also dismissed the threat of tech giants such as Facebook moving beyond payments into deposits.

/devops

Visa rolls out payment instalment APIs

Visa has introduced a suite of APIs to help financial institutions and retailers offer their customers the option to pay off instore and online purchases in instalments.

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Indian neobank Open raises $30m

Open, an Indian neo-banking startup targeting SMEs, is set to launch a "programmable" bank account after raising $30 million in a Series B funding round led by Tiger Global Management.

/security

Visa buys Rambus tokenisation assets

Visa is beefing up its security credentials by buying the token services and ticketing business of chip maker Rambus. Financial terms of the deal were not disclosed.

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India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

/payments

Swedish central bank looks to TIPS for instant payments

Sweden's central bank says it plans to join the ECB's Target Instant Payment Settlement (TIPS) system to bring 24/7 real-time payments to the country by 2021.