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Mobile credit card firm Tymit secures £4m in debt and equity funding

Tymit, the new mobile enabled credit card, has secured £4 million in funding, the London headquartered firm announced today.

Russian accused of running carding forum extradited to US

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Russian accused of running carding forum extradited to US

A Russian man accused of running a website selling stolen payment card details has been extradited from Israel to the US.

/payments

Coinbase introduces five new currencies to card programme, including XRP

Today is a big day for Coinbase Card. Not only are we celebrating the launch of the card in 10 new countries — bringing the grand total to 29 — we’re also excited to announce that customers can now spend using five additional assets, including XRP and BAT.

/Cards

Bokis and Nets enter into new five-year agreement

BOKIS, a Danish payment and card company representing 57 domestic banks, and Nets, a market leader in the payments industry, have entered into a new five-year agreement.

/Cards

Sunrate inks deal with Moorwand for card issuing services

Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, today announced that it is providing BIN sponsorship and card issuing services to Sunrate Partners Limited, a world-class foreign exchange and global payments provider.

Cardlay wins Eurocard deal; raises $10 million in funding

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Cardlay wins Eurocard deal; raises $10 million in funding

Copenhagen-based Cardlay has signed a breakthrough deal with Eurocard, the largest card issuer in Scandinavia, and secured $10 million in new funding from both current and new investors such as SEB Bank and Seed Capital

Georgian neo bank Space to go global with Visa partnership

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Georgian neo bank Space to go global with Visa partnership

Georgian neo bank Space, an app-only offshoot of FTSE 250 TBC Bank, is to expand its international footprint through a partnership agreement with Visa.

Pakistan lays out digital payments strategy

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Pakistan lays out digital payments strategy

The State Bank of Pakistan has set out a new, digital-focused, national payment systems strategy designed to boost financial inclusion, particularity for women.

/Cards

JP Morgan picks Boost to automate commercial card payments

Boost Payment Solutions, Inc., the leader in optimizing the use and acceptance of commercial cards, announced today a strategic collaboration with J.P. Morgan.

/Cards

Turkey's İşbank pioneers implementation of 3D Secure 2.0 with Visa

The largest private bank in Turkey, İşbank, became the first Visa partner in Europe to complete EMV 3DS (3D Secure 2.0) implementation.

/Cards

Mypinpad releases software-only mPOS

MYPINPAD, the global leader in secure personal authentication for payment solutions, has developed a software-only based contactless payment solution, designed to remove the need for additional mPOS hardware.

/Cards

Mesh partners with Visa for cross-border B2B payments

Mesh, today announced a collaboration with Visa to help suppliers and service providers around the world accept payment using Visa virtual prepaid commercial cards while benefiting from the speed, simplicity and transparency of the Mesh payment platform.

EML acquires Prepaid Financial Services for £226 million

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EML acquires Prepaid Financial Services for £226 million

Ireland-based Prepaid Financial Services has agreed to sell 100% of its share capital to Australian payments firm EML for £226 million upfront plus an earn-out component worth £55 million.

Global PCI DSS compliance plummets

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Global PCI DSS compliance plummets

Nearly two thirds of organisations around the world that accept card payments are putting customers at risk by failing to ensure full PCI DSS compliance, according to a Verizon report.

Gendered credit scoring increases women's chance of credit acceptance

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Gendered credit scoring increases women's chance of credit acceptance

Following news of the probe into Apple Card’s credit worthiness algorithm after sexism claims, University of Edinburgh Business School reveals that including gender in credit scoring models improves women’s chances of being granted credit.

Visa acquires minority stake in Nigeria's Interswitch

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Visa acquires minority stake in Nigeria's Interswitch

Visa is to acquire a 'significant' minority equity stake in Nigerian payments processor Interswitch in a deal that propels the African firm into Unicorn territory.

/payments

EML payments buys PFS

Prepaid Financial Services Ireland Limited (PFS) is pleased to announce it has entered into a binding agreement to sell 100% of the share capital of the company to EML payments Ltd for an upfront enterprise value of £226 million excluding cash on hand (the Acquisition) plus an earn-out component of up to £55 million.

/Cards

Cardpay provides support for Boleto

Cardpay announces integration with Boleto, Cash Express and Loterica into its existing list of payment methods in Brazil.

Apple Card faces investigation over sexist credit limit claims

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Apple Card faces investigation over sexist credit limit claims

US regulators have opened a probe into the algorithm used to determine the credit worthiness of Apple Card applicants after a man took to Twitter to call it "sexist" for giving him a credit limit 20 times higher than his wife's.

/Cards

Nium partners with Visa to provide instant money transfers in Southeast Asia

Nium, a fast-growing digital cross-border payments platform, is enabling users to make real-time money transfers to Visa debit cardholders across Southeast Asia powered by Visa’s real-time[1] push payments solution - Visa Direct.

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