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AmEx card details exposed in third-party data breach

/security

AmEx card details exposed in third-party data breach

American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.

/Cards

TrueNorth and Brim to deliver credit card-as-a-service platform in the US

TrueNorth, a leading professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial (Brim), a next generation provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their strategic partnership aimed to bring robust and innovative consumer, small medium business (SMB) and commercial credit card solutions to banks, fintechs and major brands in the US and Canada.

Top 5 payment stories you missed in February 2024

/payments

Top 5 payment stories you missed in February 2024

Fintech heated up a bit in February meaning you could have missed out on some of the biggest stories. Here are some of the top stories we saw in January 2024.

Sibstar secures £125k from Dragon’s Den

/inclusion

Sibstar secures £125k from Dragon’s Den

Founder of Sibstar, a debit card and app designed for dementia patients and their families to securely manage their funds, has received £125k from Dragon’s Den investors Sara Davies and Deborah Meaden.

/sustainable

Allpay cards joins sustainable card project

Allpay cards, a pioneering entity in card manufacturing, proudly announces its collaboration industry leader in the production of high-performance recycled and virgin PVC material. As the only card manufacturers in the UK with this set-up, this partnership marks a significant stride toward fostering sustainable practices card production industry.

/inclusion

Mastercard and Loop team up to drive financial inclusion in Saudi Arabia

Mastercard has partnered with Loop, a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions.

/payments

Marqeta and AffiniPay combine on credit offering

Marqeta (NASDAQ: MQ), the global modern card issuing platform enabling some of the world’s most innovative embedded finance solutions, today announced a partnership with AffiniPay, the leader in online payments and software solutions for professionals.

/payments

Wedge launches white-label programmable payments platform

Wedge, the revolutionary fintech startup that is redefining the way people spend, today announced the launch of the Wedge white-label programmable payments platform.

/payments

Buckaroo wins merchant services deal with ABN Amro

Buckaroo, a premier omnichannel Payment Service Provider (“PSP”), entered into a strategic commercial partnership with ABN AMRO, where it will become the exclusive provider of cutting-edge merchant payment services to the bank’s clients.

/payments

Marqeta processing volume up 34% to $222 billion, generating $676 million in annual revenue

Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the fourth quarter and full year ended December 31, 2023.

/payments

Bison Bank issues virtual Visa card

Bison Bank, the European private and investment bank based in Lisbon dedicated to providing a range of wealth management services, today announced the launch of a debit card in partnership with Visa, a global leader in digital payments, developed in collaboration with Spain´s fintech Pecunpay, a company that offers several payment methods solutions.

Mastercard offers issuers open banking-based account opening

/payments

Mastercard offers issuers open banking-based account opening

Mastercard has launched a programme that uses open banking to streamline the account opening process for some US debit and prepaid products.

/payments

Woli selects Paynetics for embedded payment accounts and Visa card

Woli, the money management platform that provides children and teenagers with the tools to manage their finances, is partnering with Paynetics, one of Europe’s leading providers of embedded finance, to power their payment accounts and Visa cards.

Worldline slips on deteriorating outlook

/payments

Worldline slips on deteriorating outlook

Shares in French payments processor Worldline slipped in early morning trading after the company reported a net loss due to a €1.15 billion impairment charge in merchant services and a deteriorating outlook.

Older shoppers boost growth in contactless payments

/payments

Older shoppers boost growth in contactless payments

New Consumer Spend data from Barclays’ annual contactless trends report has revealed that 2023 was another record-breaking year for ‘touch and pay’, with the fastest growth coming among the over 65s.

Enfuce secures UK EMI licence; appoints Krieger as chairman

/payments

Enfuce secures UK EMI licence; appoints Krieger as chairman

Finnish-founded card issuer and payment processor Enfuce has secured a UK e-money licence and installed former Tide CEO and Revolut COO Laurence Krieger as chairman.

Google Pay to shut down in the US

/payments

Google Pay to shut down in the US

Google is rejigging its mobile payments services again, killing off Google Pay in the US in favour of Google Wallet.

Digitisation is a priority for ESG initiatives – Paymentology

/sustainable

Digitisation is a priority for ESG initiatives – Paymentology

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

/retail

Green Dot forms BaaS partnership with Dayforce

Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. (NYSE: DAY; TSX: DAY).

/payments

Worldline extends contract with BNP Paribas Fortis

Worldline (Euronext: WLN), a global leader in payment services, is extending its partnership with BNP Paribas Fortis, the Belgian subsidiary of the French multinational bank and financial services provider, BNP Paribas.

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