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/startups

Visa boasts of fintech Fast Track success

Fintechs are a central part of the global payments ecosystem, and amidst COVID-19 have launched further into the spotlight, reporting sizable upticks in the usage of their apps1, as more people manage their money from their personal devices.

/payments

Truist signs long-term card services deal with TSYS

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation (NYSE: TFC), to process the bank’s consumer, commercial and small business credit card portfolios.

/payments

Currencycloud strikes deal with Carta Worldwide

Carta Worldwide, an innovator in digital transaction processing, and Currencycloud, the leader in providing embedded B2B cross-border solutions for platforms of the future, have partnered to bring increased transparency, real-time foreign exchange at the point of sale, and an enhanced customer experience to international card transactions.

/payments

Conferma adds virtual Visa cards to mobile payments app

Fintech leader Conferma Pay has teamed up with Visa to integrate Visa virtual cards in the Conferma Pay mobile app.

/payments

Pandemic accelerates contactless payment adoption in the Nordics

The first four months of 2020, during which the Nordics imposed strict Covid-19 social distancing measures, saw contactless payments in the region increase by an unprecedented 12 percentage points, according to transaction data from European payments industry leader, Nets, released today.

/startups

Nordic fintechs Rocker and Enfuce team up for neobank build-up

Rocker, the Swedish neobanking pioneer, has selected Enfuce– Finland’s largest fintech startup – as partner for card issuing and payment processing.

/people

Mastercard names Mark Barnett as European president

Mastercard today announced the appointment of Mark Barnett as President of its European business, based in Brussels.

/payments

Safaricom and Visa join forces

Safaricom (NSE: SCOM), Kenya’s largest mobile operator and Visa (NYSE: V), the global leader in digital payments have today announced a partnership that will enable the development of products that will support digital payments for M-PESA customers.

Covid-19 spurs contactless payments takeup - Mastercard

/payments

Covid-19 spurs contactless payments takeup - Mastercard

As shoppers around the world adjust to social distancing measures, more than three quarters are now using contactless payments, according to a Mastercard study covering 19 countries.

UK cash withdrawals plummet 60% during Covid-19 lockdown

/payments

UK cash withdrawals plummet 60% during Covid-19 lockdown

The Covid-19 pandemic is radically changing cash usage in the UK, with ATM withdrawals falling 60% during the lockdown and three quarters of Brits reporting that their use of paper money is down.

/payments

ACI Worldwide upgrades card management programme to handle Covid-19 challenges

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, is delivering financial institutions a series of card management features within its ACI Issuer product as part of its COVID-19 rapid response program.

Bank of America's Head of FIs GTS: Cash has increased in prominence as a security

/covid-19

Bank of America's Head of FIs GTS: Cash has increased in prominence as a security

Despite the assumption that the Coronavirus pandemic will prove the last nail in the coffin, Bank of America's head of financial institutions GTS believes demand for paper money as a security has in fact increased.

/payments

JCB to develop 'tap-on-mobile' softPOS programme

JCB Co. Ltd. ("JCB"), Japan's only international payment brand, is leveraging Asia's leading fintech player, Soft Space Sdn. Bhd.'s ("Soft Space") technological expertise to develop the Tap on Mobile programme that capitalises on the wide availability of Android smartphones equipped with NFC (near-field communication).

/payments

Visa supports move in UAE to increase PIN-free contactless transaction limits

Visa (NYSE: V) today announced that it welcomes the UAE Central Bank’s move to increase the Card Verification Method (CVM) limit for contactless transactions in UAE to AED 500 (from AED 300).

/payments

DPO Group and Mastercard join forces to help businesses in Africa move online

African digital payments company, DPO Group, has launched an e-commerce store.

/Cards

PAX Android terminals receive UK Finance approval and RNIB certification

PAX Technology, the world’s leading electronic payment terminal solution provider, has received certification by the Royal National Institute of Blind People (RNIB), a United Kingdom charity, for accessibility and usability of new generation payment devices by blind and partially sighted people.

/payments

Barclays reports seven million transactions in higher contactless band

Less than a month since the introduction of the new £45/€50 contactless limit in the UK and Ireland, Barclaycard, which handles half of all contactless transactions in the UK, has processed over 7 million contactless payments above the previous limit of £30/€30, and up to the new £45/€50 limit.

/payments

Gala Technology partners with Paysafe to offer multi-channel payment options

Leading specialised payments platform Paysafe Group (Paysafe) announces a partnership with Gala Technology, the innovative Yorkshire-based company behind the multi-award winning 'Cardholder Not Present' (CNP) payment solution, SOTpay.

/payments

Rapyd enters card acquiring market through Korta acquisition

Rapyd, a global Fintech as a Service company announced today that it will acquire Korta, an Iceland-based payment card service provider.

/payments

Wirecard helps merchants and restaurants introduce takeaway and delivery services with contactless

Wirecard, the global innovation leader for digital financial technology, and mobile payment specialist Stampay are helping restaurants and retailers to expand their services by offering cashless delivery and takeaway options.

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