Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

P.F.C introduces retroactive buy-now, pay-later product

Swedish payment institution P.F.C. is introducing a retroactive buy-now, pay-later option for users to convert purchases to a part-payment after the fact.

16 January 2020

News/security

Equifax agrees $1.38bn data breach lawsuit settlement

A US judge has rubber-stamped a $1.38 billion settlement related to the massive 2017 data breach at Equifax - capping the amount available for cash payouts to victims.

16 January 2020

Company update/payments

Manigo and CashFlows release turnkey payment and banking package on Mastercard network

Manigo, the online banking services provider, today unveiled a new programme in partnership with CashFlows and Mastercard, aimed at helping companies to offer next-generation banking and payment products.

15 January 2020

News/Cards

NatWest to funnel SME loans through pre-paid card provider Soldo

NatWest is to provide Esme Loans and Rapid Cash lending services direct to users of pre-paid company card Soldo, as the bank aims to increase lending to SMEs throughout 2020.

15 January 2020

Company update/Cards

Mastercard partners with CleverCards and EML on money messaging app

Mastercard, the partner of choice for fintechs, is announcing its partnership of CleverCards and EML to cement their position as the leading facilitator of PayTech innovation in Europe.

14 January 2020

News/Cards

Visa unveils Tap to Phone contactless payments programme

Visa and Samsung are banishing the dongle, teaming up on a handset that enables merchants to accept contactless payments without the need for any additional hardware.

13 January 2020

Company update/payments

Mastercard promotes Raj Seshadri to president, data and services

Mastercard today announced the appointment of Raj Seshadri as president for the company’s data and services organization, reporting directly to Ajay Banga, president and chief executive officer. She succeeds Kevin Stanton, who has taken on a new role as chief transformation officer.

13 January 2020

Company update/Cards

Ingenico raises over £100,000 for charity

Ingenico Group, the global leader in seamless payments, today marks two significant milestones as the payment partner of the prestigious industry awards body, The Card and Payments Awards (TCPA). Not only is it celebrating a decade of supporting the awards, but also raising more than £100,000 through its payment terminals for TCPA’s chosen charities during that time.

13 January 2020

News/Cards

Credit card issuer Newday to purchase finance platform Deko

UK credit card issuer NewDay is set to acquire retail finance platform Deko in bid to diversify its offering.

10 January 2020

Company update/Cards

SIX introduces scheme for national ATM transactions

SIX launches a scheme to regulate national ATM transactions. The aim of the “National Cash Scheme” (NCS) is to create a general standard for cash transactions in Switzerland.

10 January 2020

News/Cards

Belgium's big four banks to build shared ATM network

Belgium's big four banks are joining forces to set up a network of bank-neutral ATMS, with the aim of accommodating changing customer behaviour towards the use of cash.

10 January 2020

News/regulation

Dixons Carphone fined £500k over massive data breach

UK consumer electronics retail group Dixons Carphone has been fined £500,000 after hackers compromised its point-of-sale system and gained access to the details of 5.6 million payment cards.

09 January 2020

News/Cards

Amex closes in on Chinese market

American Express has taken another step towards entering the massive Chinese payments market after the country's central bank accepted the US firm's application to start a bank card clearing business.

09 January 2020

News/Cards

Tandem to introduce monthly charge on cashback credit card

With sources of profit proving elusive in the competitive challenger bank market, Tandem has acted to raise returns by announcing that users of its cashback credit card will be charged a monthly fee of £5.99 from 9th March.

09 January 2020

News/Cards

Mastercard to release augmented reality benefits app

Mastercard is to introduce an augmented reality app that will transport cardholders into an immersive 360-degree virtual environment from where they can explore the range of benefits that come with their card.

09 January 2020

Company update/payments

Mobeewave partners Elavon on digital merchant onboarding in Canada

Mobeewave, a pioneer in contactless mobile card payment acceptance, and Elavon, a leading global payments provider, have partnered to develop a first-of-its-kind digital merchant onboarding process for the newly-launched Samsung Point-of-Sale (POS) app.

08 January 2020

Company update/payments

Square imposes new fees for instant transfers

Beginning on February 7, 2020, the rate for instant and same-day transfers from your Square balance to your bank account is changing to 1.5% per transfer.

08 January 2020

Company update/Cards

Lithuanian postal service extends card acquiring deal with Ashburn

Lietuvos paštas, the largest Lithuanian postal service provider, extended the cooperation agreement with ASHBURN International, which develops and implements software solutions for authorization of payment cards and network management of EFTPOS terminals, for another two years.

08 January 2020

News/payments

Mastercard unveils music single featuring its sonic brand

The line between art and commerce blurs ever further, with Mastercard teaming up with Swedish singer Nadine Randle on a song that integrates the payment giant's 'sonic brand'.

08 January 2020

Company update/Cards

3C Payment names Tim Goodwin as CEO

3C Payment, a global Payment Service Provider, announced today that Michele Ferraris, will step down as CEO of the company effective 1st January 2020.

07 January 2020