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Huge cache of Pakistani payment card data appears on Dark Web

/security

Huge cache of Pakistani payment card data appears on Dark Web

A huge dump of cards and PIN codes from Pakistani banks has gone up for sale on notorious Dark Web site Joker's Stash.

US cities look into banning cashless stores

/payments

US cities look into banning cashless stores

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.

Lloyds looks to unlock access to cash

/payments

Lloyds looks to unlock access to cash

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.

Barclaycard partners with SAP to simplify corporate payments

/payments

Barclaycard partners with SAP to simplify corporate payments

Barclaycard Commercial Payments is integrating its business-to-business product, Precisionpay, into SAP Ariba, a B2B marketplace.

CaixaBank rolls out facial recognition at the ATM

/security

CaixaBank rolls out facial recognition at the ATM

CaixaBank is offering customers the opportunity to use facial recognition technology rather than PIN codes to withdraw cash from ATMs.

Card spending tipped to double as contactless becomes the norm

/Cards

Card spending tipped to double as contactless becomes the norm

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.

ACI acquires tech assets for omnichannel payments offering

/payments

ACI acquires tech assets for omnichannel payments offering

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.

Visa fends of Mastercard with new offer for Earthport

/payments

Visa fends of Mastercard with new offer for Earthport

Visa has raised its takeover offer for cross-border payments outfit Earthport, beating off a rival bid from Mastercard

Mastercard seeks good vibrations with new sonic identity

/Cards

Mastercard seeks good vibrations with new sonic identity

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.

ECB chief says instant payments could break Visa/Mastercard duopoly

/Cards

ECB chief says instant payments could break Visa/Mastercard duopoly

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.

Barclays invests in payment-linked loyalty startup Bink

/Cards

Barclays invests in payment-linked loyalty startup Bink

Barclays has taken a minority stake in Bink as part of a wider strategic partnership with the digital loyalty startup.

Hackers spring into life at The Great British Florist

/security

Hackers spring into life at The Great British Florist

Hackers have stolen the card details of thousands of customers buying flowers for loved ones over the busy festive period from UK commerce site the Great British Florist.

American Express blocks Curve

/Cards

American Express blocks Curve

American Express has blocked attempts by Curve to load Amex cards into its all-in-one wallet, just days after the UK startup announced support for the feature.

Petal raises $30m for credit card aimed at unbanked

/Cards

Petal raises $30m for credit card aimed at unbanked

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has closed a $30 million Series B funding round led by Peter Thiel's Valar Ventures.

AIB eyes EUR100m Payzone acquisition

/payments

AIB eyes EUR100m Payzone acquisition

Allied Irish Banks (AIB) is in exclusive talks to buy local payments outfit Payzone in a deal that could be worth EUR100 million, according to the Sunday Times.

Mobeewave tops up Series B round with Samsung Venture Investment

/Cards

Mobeewave tops up Series B round with Samsung Venture Investment

Canadian mobile contactless payments outfit Mobeewave has increased the size of its Series B funding round to almost US$20 million thanks to new money from Samsung Venture Investment Corporation.

Advent buys majority stake in Argentinian bank-owned payments firm

/payments

Advent buys majority stake in Argentinian bank-owned payments firm

Private equity giant Advent International is buying a 51% stake in Argentinian payments firm Prisma Medios de Pago from a consortium of local banks and Visa International in a deal valuing the company at $1.42 billion.

European Commission hits Mastercard with EUR570 million fine over interchange rules

/Cards

European Commission hits Mastercard with EUR570 million fine over interchange rules

The European Commission has bashed Mastercard with a EUR570 million fine for obstructing merchant access to low-cost cross-border payment services.

Australian Payments Council consults on digital payments

/payments

Australian Payments Council consults on digital payments

The Australian Payments Council is calling for input from businesses, NGOs, government and consumers on what’s needed to support payments in the digital economy of the future.

Fingerprint payments startup Zwipe raises $14 million

/startups

Fingerprint payments startup Zwipe raises $14 million

Fingerprint payment card firm Zwipe has successfully raised $14 million in an oversubscribed offering of new shares to institutional investors and the general public.

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