3385 articles tagged with this keyword
News/payments
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.
08 March 2019
News/security
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.
News/regulation
The Bank of England is to take supervisory action against Visa following a widespread outage last year that disrupted payments for millions of shoppers across Europe.
Philadelphia has become the first major US city to ban cashless stores and restaurants in a move designed to end discrimination against the unbanked.
UK banks and regulators are being urged to act to prevent the country from "sleepwalking" into a cashless society, in a hard-hitting report prepared by former financial ombudsman Natalie Ceeney.
06 March 2019
News/startups
Wave, a Toronto-based startup offering products and services to small businesses, has acquired Every, which provides business accounts and debit cards to SMEs. Financial terms were not disclosed.
News/Cards
Kroger, the United States' largest supermarket chain by revenue, is extending a ban on Visa credit cards to its Smith's Food and Drug Stores division in protest at "excessive" interchange fees.
01 March 2019
JPMorgan Chase is preparing to move into the POS financing market, enabling customers to pay in installments for $500-plus purchases and run up loans on bigger ticket items.
28 February 2019
The European Commission is pondering a "regulatory push" to encourage adoption of the new TIPS instant payments service and make it a genuine rival to the card schemes and tech giant-built digital wallets.
26 February 2019
Taiwan's E SUN Bank has teamed up with NEC Corporation to roll out ATMs featuring facial recognition technology.
A huge dump of cards and PIN codes from Pakistani banks has gone up for sale on notorious Dark Web site Joker's Stash.
25 February 2019
The US push back against cashlessness has begun in earnest, with several cities and states taking steps that could force stores and restaurants to accept paper money.
20 February 2019
In the wake of fierce criticism from politicians and consumer groups over the disappearance of ATMs and bank branches from the high street, Lloyds Banking Group is to run a pilot scheme which will offer retailers a fee for processing cashback transactions over the counter.
19 February 2019
Barclaycard Commercial Payments is integrating its business-to-business product, Precisionpay, into SAP Ariba, a B2B marketplace.
15 February 2019
CaixaBank is offering customers the opportunity to use facial recognition technology rather than PIN codes to withdraw cash from ATMs.
14 February 2019
Global card expenditure is tipped to almost double over the next four years as surging growth in contactless payments continues to push the plastic payment card into the low value cash market.
12 February 2019
ACI Worldwide has bought technology assets from RevChip and TranSend to boost its UP Merchant Payments offering with new cloud-based, omni-channel in-store capabilities.
11 February 2019
Visa has raised its takeover offer for cross-border payments outfit Earthport, beating off a rival bid from Mastercard
08 February 2019
Mastercard is heading to the Grammys and the Brit Awards to debut a new sonic brand identity scored with the help of Mike Shinoda of US rock band Linkin Park.
The European Central Bank is floating the idea of using instant payment rails to link up national card schemes as a means to break the duopoly enjoyed by Visa and Mastercard, who between them account for over 80% of all EU card transactions.
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