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Former PayPal boss Harris raises $17m for middle-class digital banking startup One

/startups

Former PayPal boss Harris raises $17m for middle-class digital banking startup One

One, a digital banking startup founded by former PayPal and Intuit CEO Bill Harris, is launching in private beta after closing a $17 million Series A funding round.

Revolut launches app for kids

/retail

Revolut launches app for kids

European fintech unicorn Revolut, has launched a money management app for parents and kids aged between seven and 17.

Citing coronavirus, AIB suspends planned contactless fee

/payments

Citing coronavirus, AIB suspends planned contactless fee

Irish bank AIB says that in light of the Covid-19 outbreak it is suspending its recently announced plan to introduce transaction charges for contactless payments.

Nets buys Polish merchant acquirer PeP

/payments

Nets buys Polish merchant acquirer PeP

Nordic payments giant Nets has agreed to buy Polskie ePłatności (PeP) in a deal valuing the Polish merchant acquirer at EUR405 million.

Mastercard and Phos pilot SoftPOS for micro and SME merchants

/Cards

Mastercard and Phos pilot SoftPOS for micro and SME merchants

Mastercard is partnering with Phos on a four week field trial of a SoftPOS solution that enables merchants to accept contactless payments on Android mobile devices without the need for any additional hardware.

/Cards

European Commission hails success of interchange fee caps

The European Commission has published a study on the application of the Interchange Fees Regulation (“IFR”) for card-based payment transactions.

/Cards

Paysafe and Mastercard extend partnership

Paysafe, a leading specialised payments platform, has today announced an expanded strategic partnership with Mastercard.

/security

Zortrex opens Token Vault

Edinburgh-based Zortrex, a disruptive data security start-up, has launched Zortrex Token Vault.

/payments

Nexo Standards welcomes Saudi Payments

nexo standards, the international association dedicated to enabling global interoperability in payment acceptance, today welcomes Saudi Payments as its latest Principal Member and the first in the association’s history from the Kingdom of Saudi Arabia.

/Cards

Modulr becomes a principle issuing member of Visa

The FinTech Modulr today announced it has joined Visa as a principal issuing member, granting it direct access to the industry-leading global payments network.

Credit Sesame introduces digital bank account

/Cards

Credit Sesame introduces digital bank account

Credit Sesame is launching a digital bank account, expanding beyond its core business of helping Americans access and boost their credit scores.

/Cards

Standard Chartered unveils Mox brand for new Hong Kong virtual bank

Trip.com Group has partnered with Standard Chartered, PCCW and HKT to launch a new virtual banking service and Asia's first all-in-one numberless bank card, Mox.

/Cards

JCB International enters Kyrgyz Republic

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., and PJSC Kyrgyzkommertsbank, one of the leading banks in the Kyrgyz Republic announced signing a License Agreement for building a JCB card acceptance network and to start JCB merchant acquiring operations in the Kyrgyz Republic.

/Cards

Revolut rolls out Perks feature to UK customers

Revolut has today announced that it is rolling out its Perks feature to all UK Revolut customers. With Perks, Revolut customers can now unlock discounts and cashback on a number of brands that they know and love, simply by using their Revolut card.

/payments

Visa teams up with Nigeria's Paga

We are pleased to announce our strategic partnership with Visa to enable Paga and Visa work closely in accelerating secure and convenient mobile payments for merchants and consumers in markets where Paga operates.

UK budget to introduce new laws to protect consumer access to cash

/Cards

UK budget to introduce new laws to protect consumer access to cash

The UK is set to introduce new legislation to ensure customer access to cash, under measures to be outlined in this weeks Budget statement.

/payments

Truevo launches point-of-sale product in UK, Ireland and Malta

Full-service card acquirer and payment service provider, Truevo, has announced the launch of their point of sale solution into the United Kingdom, Ireland and Malta today.

/Cards

Yellow Pepper provides Credential-on-File for Bradesco

YellowPepper today announced the Credential-on-File (CoF) for Bradesco.

/payments

Helsinki public transport goes contactless

Littlepay today announces it has won a contract with Helsinki Regional Transport. In a project spanning three years, completing in 2023, our transit payment gateway will enable contactless EMV payments on all transport modes in Finland’s vibrant capital and some other cities in Finland.

/security

FIS readies for SCA rules with news 3D Secure authentication product

As merchants prepare for new regulatory requirements to employ Strong Customer Authentication (SCA) by December 31, 2020[2] in the European Economic Area and by March 14, 2021 in UK, FIS™ (NYSE: FIS), a global leader in financial services technology, launches its new 3D Secure (3DS) authentication service, 3DS Flex.

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