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China's growth cements UnionPay as world's largest card scheme

New research from RBR shows that there were 16 billion payment cards in circulation at the end of 2018, up by 10% since a year earlier.

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Venmo adds cash-back rewards to card

Today, we’re excited to give our users another reason to love the Venmo card. We’re introducing Venmo Rewards, a program that offers automatic cash back when users pay with the Venmo card at some of their favorite retailers.

Royal British Legion taps Elavon for contactless donations

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Royal British Legion taps Elavon for contactless donations

The Royal British Legion will be out in force across British cities in November, collecting contactless donations for the annual Poppy Appeal through a network of 1100 cashless terminals provided by Elavon.

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CIBC clients can now replace a lost or stolen credit card through mobile or online banking

CIBC (TSX: CM) (NYSE: CM) clients can now replace a lost or stolen credit card in a few simple steps through mobile or online banking and instantly use the new card with their mobile wallet before the physical card arrives.

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MyPOS ships debut desktop model

LEADING payments provider myPOS has unveiled its first-ever countertop device, as it targets hotels, restaurants and retail store merchants.

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Mastercard bundles startup programmes under Accelerate brand

Mastercard today launches Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly.

/payments

Citi selects PPRO to handle digital payments

Citi’s Treasury and Trade Solutions (TTS) announced today that it is entering into additional partnerships to support the development of its forthcoming consumer payments offering for institutional clients -- Spring by CitiSM.

Globalisation of payments highlights need for new standards of governance

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Globalisation of payments highlights need for new standards of governance

2020 will see a development in the standards governing the flow of money to match the increased globalisation of payment processing, according to Deloitte.

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Romanian cashback startup Beez launches in UK

Beez, which is an API-based platform, powering a web app and two mobile apps designed for people who shop online with credit cards, rewards shoppers with cashback, which research [source: Buzzing Facts] confirms is the most popular reward amongst credit card holders, as part of the Beez mission to disrupt the sector from the ground up.

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American Express to use Nova Credit's Credit Passport to assess newcomers to the US

American Express has teamed up with Nova Credit, a cross-border credit reporting startup, on a first-of-its-kind digital capability that offers prospective Card Members the ability to share their international credit reports with American Express when applying for an American Express U.S. Personal Card.

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Brex and Mastercard partner on US expansion

Mastercard today announced that Brex, the financial technology company that helps ambitious companies scale, has partnered with Mastercard as its preferred network to bring cutting-edge technology and top-tier benefits to its corporate card portfolio in the United States.

/payments

Kabbage moves into payments processing

Kabbage, Inc., a data and technology company providing small businesses cash flow solutions, announced the general availability of Kabbage Payments to its customers, a new payment-processing solution for small businesses that makes getting paid faster as simple as sending a text message.

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Mastercard establishes principles for data responsibility

Nine out of ten people say data privacy is important to them, according to a recent Mastercard-commissioned survey, yet only one-quarter say companies are doing a very good job handling individuals’ data.

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Finn AI expands Visa developer partnership beyond Canada

Finn AI, the world’s leading AI-powered conversational banking technology provider, today announced the global expansion of their collaboration with Visa beyond Canada.

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Irish credit unions to offer current accounts

On International Credit Union Day, it was announced that some of the largest credit unions in Ireland have come together under the currentaccount.ie brand, to roll-out a new full-service Current Account for credit union members.

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NCSC Operation Haulster flagged fraud on more than one million stolen credit cards

The National Cyber Security Centre (NCSC) has defended the UK against more than 600 cyber attacks in the past year – bringing the total number to almost 1,800, new figures show today.

/payments

Mastercard buys SessionM for merchant loyalty and marketing services

Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire SessionM, a U.S.-based technology company. SessionM’s customer engagement and loyalty platform empowers the world’s most innovative brands—including retailers, airlines, restaurants and CPG companies—to forge stronger and more profitable consumer relationships.

/payments

Visa completes acquisition of Rambus payments portfolio

Visa announced that it has completed the acquisition of the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ: RMBS), a premier silicon IP and chip provider dedicated to delivering data faster and safer.

Card schemes band together for one-click payments button

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Card schemes band together for one-click payments button

American Express, Discover, Mastercard and Visa are rolling out interoperable one-click checkouts at select e-commerce sites across the US, eliminating the laborious and repetitive key-entry of personal account numbers and information when shopping online.

Revolut to launch in US with Mastercard

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Revolut to launch in US with Mastercard

Revolut is to launch its first debit cards in the US with Mastercard, despite striking a global agreement with Visa last month.

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