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Upgrade launches contactless card

Upgrade, Inc., a neobank that offers affordable and responsible credit to mainstream consumers, today launched its first contactless-enabled Upgrade Card.

/payments

Sticpay introduces prepaid card

Fintech company Sticpay introduces the prepaid Stic Card for its award-winning e-wallet solution. Sticpay users can now harness the benefits of the Stic Card to withdraw and spend their funds in a fast, cheap, and convenient way.

CBA reports surge in digital wallet transactions

/payments

CBA reports surge in digital wallet transactions

Commonwealth Bank of Australia has recorded a surge in mobile payment transactions at the POS, as consumers reach for their phones to avoid touching PIN pads during the Coronavirus outbreak.

/payments

Tech constraints hobble ASB contactless limit raise

The New Zealand Payments Industry today announced that contactless payments can now be made up to $200 without the need for a PIN.

/payments

Mastercard advocates higher contactless limits across the globe as PIN-less transactions surge

Mastercard’s unwavering commitment to making transactions more convenient, safe and seamless through tap-and-go card payments has taken on new urgency and importance as the spread of COVID-19 highlights the imperative for “contact-free” environments and experiences as much as possible.

/payments

Blackhawk Network closes SVM Cards acquisition

Today, global branded payments provider Blackhawk Network announced that it has completed its acquisition of SVM Cards, a provider of physical and digital open- and closed-loop prepaid cards.

/payments

Allpay's prepaid card to help disburse emergency funds for those affected by Covid-19

allpay, a leading UK payment specialist, has announced a prepaid card programme has been made available to help disburse emergency funds to those affected by COVID-19.

/covid-19

Uber Eats partners with Mastercard to commit an additional 40,000 meals for NHS staff

From today, an additional 40,000 free meals will be available to NHS heroes on Uber Eats.

Starling Bank to issue spare debit card for trusted shoppers

/payments

Starling Bank to issue spare debit card for trusted shoppers

Starling Bank is introducing the 'Connected card', a second card that customers can link to their existing account and give to anyone they trust to pay for groceries and other essential items on their behalf.

Visa joins $11 million round in Hong Kong fintech Neat

/startups

Visa joins $11 million round in Hong Kong fintech Neat

Neat, a Hong Kong-based fintech offering multicurrency accounts to SMEs and startups, has raised $11 million in a funding round supported by Pacific Century Group, MassMutual Ventures Southeast Asia, and new commercial partner Visa.

/payments

Rubean and CCV introduce PhonePOS for Androind handsets

Rubean and CCV, in partnership with Intertrust and Riscure, today announced the launch of a jointly developed contactless payment application that transforms Android handsets running 8.0 Oreo or later into contactless payment terminals, supporting PIN entry with no additional hardware.

/payments

Visa Foundation commits $210 million to help small and micro business combat Covid-19

The Visa Foundation today announced a commitment of two programs totaling $210 million to support small and micro businesses, aligning with the Foundation’s long-term focus on women’s economic advancement and inclusive economic development, and to address an urgent need from local communities following the spread of COVID-19.

/payments

Billhop collaborates with Visa to improve working capital for Irish businesses

Billhop (billhop.com/ie) has launched a collaboration with Visa in Ireland to enable businesses to pay their suppliers using card, regardless of whether the supplier accepts card payments.

Curve introduces numberless cards

/payments

Curve introduces numberless cards

Card consolidation app Curve has become one of the first firms in Europe to roll out numberless cards in a move it says boosts security and convenience.

/payments

NatWest waives point-of-sale terminal fees during Coronavirus crisis

NatWest has announced that it is waiving monthly hire fees for Point-of-Sale terminals from its payments product Tyl until the end of 2020, adding to the range of support that the bank has launched for its SME customers during the current crisis, allowing businesses to offer a variety of payment options at a reduced cost.

/payments

AusPayNet lifts contactless limits

Australian Payments Network (AusPayNet), the self-regulatory body for the payments industry, confirmed today that the payment industry will be increasing the PIN limit for contactless card payments from $100 to $200 to reduce the need for physical contact with the payment terminal.

Key Ring data leak exposes millions of user details, say researchers

/security

Key Ring data leak exposes millions of user details, say researchers

Key Ring, an app that lets people upload and store card details, has left the information of millions of users exposed, according to researchers at vpnMentor.

/payments

Mastercard raises Canadian contactless limit to $250

Mastercard today announced it is enabling the increase of contactless payment limits across Canada, as people look for safer ways to pay in the wake of the COVID-19 (coronavirus) pandemic.

Payments revenue to enter negative territory

/payments

Payments revenue to enter negative territory

McKinsey is forecasting a dramatic decline in payments revenue as the Coronavirus crisis hits economic activity across the globe.

/payments

FCA to enforce payment freeze on consumer credit products

The Financial Conduct Authority (FCA) has today proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus.

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