Cards

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/security

EMVCo rebrands secure remote commerce as Click to Pay

Technical body EMVCo has confirmed that consumer-facing solutions and programmes based on the EMV Secure Remote Commerce (SRC) Specifications are to be known as Click to Pay.

/startups

BPC joins Visa’s Fintech Fast Track Program

BPC today announced that it has joined Visa’s Fintech Fast Track Program, which makes it quicker and easier for fintechs to leverage Visa’s global payments network and introduce new payment experiences.

/payments

Amazon joins Mastercard tokenization initiative

More and more consumers are going online to purchase everything from groceries and food delivery to home improvement goods, apparel and entertainment; as they do, merchants are focused on providing an increasingly seamless experience.

/payments

Worldpay rolls out Open Banking Hub for account-to-account payments

Worldpay is rolling out a new Open Banking Hub to merchants, enabling users to pay for purchases direct from their bank account, circumventing the need to enter card or account information into a third party site.

/payments

UK's top court rules against Visa and Mastercard in interchange fee battle

The UK's Supreme Court has come down in favour of the UK's biggest supermarket chains in a long-runnning legal battle over the level of interchange fees charged by Visa and Mastercard

/sustainable

Visa to issue sustainable plastic cards

Visa is to roll out cards made from recycled plastic to all financial institutions globally.

/payments

Fime acquires Cetecom US payments business

Payments testing and consultancy expert, FIME has announced its acquisition of CETECOM U.S.’s payment activities.

/payments

Chargebacks911 launches Fi911 to support financial institutions with automated chargeback management

Leading chargeback remediation and dispute technology specialist, Chargebacks911, has launched its revolutionary new brand, Fi911, to provide financial institutions with a suite of next generation chargeback and merchant lifecycle management technology.

/payments

DCBank works with XTM to introduce 'reverse ATMs'

Canada's DCBank has joined forces with technology outfit XTM to install cash kiosks that convert notes and coins into a pre-paid Mastercard for spending at shopping malls and sports stadiums.

/payments

American Express wins network clearing licence in China

American Express (NYSE: AXP) announced today that its joint-venture in mainland China, Express (Hangzhou) Technology Services Company Limited (“Express Company”), has received approval from the People’s Bank of China (PBOC) for a network clearing license.

/payments

QNB performs international transaction with Mastercard virtual pre-paid card

QNB Group, the largest financial institution in the Middle East and Africa, becomes the first bank in Sudan to have successfully performed an international payment card transaction in partnership with Mastercard, a global technology company in the payments industry.

/payments

Wirecard to drive corporate Visa card from Bulgarian fintech Payhawk

Wirecard, the global innovation leader for digital financial technology, is collaborating with Bulgarian Fintech Payhawk to launch a new Visa corporate card to provide companies with an easy solution to manage corporate expenses.

/payments

BBVA Open Platform helps firms move money in real-time

BBVA's API-powered open banking platform has launched a real-time payments service via Visa Direct, for US companies.

/security

Federal Bank of India combats card and merchant fraud with support from ACI Worldwide

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that India’s Federal Bank is leveraging its UP Payments Risk Management solution to identify fraudulent card activity, mitigate losses and enhance customer relationships.

/payments

Brits go weeks without using cash during Covid-19 lockdown

Brits have gone an average of 44 days without using cash as they ditch notes and coins for contactless payments during the Covid-19 pandemic, according to a survey from Nationwide Building Society.

/payments

86 400 forms partnership with credit card disruptor Zip

Credit card disruptor Zip Co & smartbank 86 400 have today announced an ongoing partnership that will accelerate change in financial services and help Australians take better control of their money.

/payments

Infibeam acquires India's Cardpay

Leading global financial technology (“FinTech”) solutions provider Infibeam Avenues Limited (“Infibeam” or “The Company”) (BSE: 539807; NSE: INFIBEAM), acquired100% stake in Bangalore based Cardpay Technologies Limited (“Cardpay”), offering one unified spend management platform to corporates under the brand name GRIT with physical and virtual credit cards, invoice processing, and early payment discounting.

/payments

TAS acquires payments processor Infraxis

TAS International SA, the wholly-owned subsidiary of TAS S.p.A., has today signed a binding agreement for the acquisition of the Swiss company, Infraxis AG, and its British subsidiary, Infraxis Ltd (UK).

/payments

Nium becomes Visa issuer in Australia

Nium, a global financial technology platform, has become a Visa issuer in Australia as part of its membership in Visa's Fintech Fast Track programme.

/payments

Russian store goes cashierless with Sberbank and Visa

Russia's Sberbank has teamed up with Visa and retailer Azbuka Vkusa to open a cashierless store where customers simply take items from shelves and are automatically charged.