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Santander InnoVentures invests in Mexican startup Klar

/startups

Santander InnoVentures invests in Mexican startup Klar

Santander InnoVentures has joined a $57.5 million debt and equity seed financing round for Klar, a Mexican startup bidding to take on traditional credit cards and debit services.

Citi and RBC join $18m funding round for card data API startup Fidel

/Cards

Citi and RBC join $18m funding round for card data API startup Fidel

Fidel, a UK-based startup that gives developers access to real-time transaction data from the big card schemes via an API, has raised $18 million in a Series A funding round joined by Citi Ventures and Royal Bank of Canada.

/payments

Mastercard to launch Request to Pay service in UK

Mastercard is announcing the forthcoming launch of its Request to Pay solution in the UK – following accreditation from Pay.UK - enabling consumers and businesses to receive payment requests, view bills and pay using real-time payments or card.

/Cards

Credorax and BBPOS partner to launch mobile point of sale product

Today Credorax, the NextGen merchant acquiring bank providing cross-border processing for eCommerce and omni-channel payments, and BBPOS, the world’s leading innovator, designer, and manufacturer of mobile point of sale (mPOS) payment terminals, announced a partnership to provide a (semi-integrated and) standalone mPOS solution for ISVs and ISOs across Europe.

/security

NatWest and Featurespace partner to target fraud

NatWest has agreed a strategic partnership with Featurespace to profile and monitor payments and account activity to prevent fraud and scams using Featurespace’s ARIC™ platform.

/Cards

Stet renews contract with Centre for Exchange and Clearing, Belgium

STET is proud to announce that the Centre for Exchange and Clearing in Belgium (UCV/CEC) has renewed its processing contract with STET until 2024.

American Express taps Open Banking for account-to-account payments

/Cards

American Express taps Open Banking for account-to-account payments

American Express is to move into the account-to-account space, enabling UK consumers to pay for goods and services online and on the go, directly from their bank account.

Retail lobby group calls for Government intervention over rising card fees

/Cards

Retail lobby group calls for Government intervention over rising card fees

The British Retail Consortium is calling on the Government to crack down on debit and credit card fees, as consumers increasingly forego cash payments in favour of spending with plastic.

SIA brings contactless payments to Rome's public transport system

/payments

SIA brings contactless payments to Rome's public transport system

Romans can now pay for their railway and subway journeys with their contactless cards and NFC-enabled mobile phones, thanks to technology from SIA.

/payments

PCI SSC and Women’s Network in Electronic Transactions form partnership

PCI Security Standards Council (PCI SSC) and Women’s Network in Electronic Transactions (Wnet) today announced a strategic partnership to raise awareness of the opportunity to create greater diversity in leadership within the payment security industry.

/Cards

Petal scores $300m debt deal

Petal, a new kind of credit card company built to help people financially succeed, today announced that it has closed an uncommitted facility to borrow up to $300 million in debt capital from global investment bank Jefferies.

/startups

Tide preps first paid plan

Tide, the leading digital business banking platform*, has today announced it is to launch Tide Plus, an upgraded account giving members additional support for running their businesses.

/payments

BPP migrates all products to NFC

BPP has announced the adoption of the NFC technology (Near Field Communication for contactless payments) and the migration of all of its products to NFC.

/Cards

Brex corporate card gets 'Built for NetSuite' status

Brex, the corporate credit card that accelerates entrepreneurs and scaling businesses, announced today the Brex Corporate Card for NetSuite has achieved the ‘Built for NetSuite’ status.

Which? calls for Government action on access to cash

/Cards

Which? calls for Government action on access to cash

Consumer group Which? is continuing its campaign against the closure of bank branches and cash machines across the UK, calling on the Government to introduce legislation guaranteeing free access to cash.

Barclaycard finds that SCA has had no initial impact on transactions

/Cards

Barclaycard finds that SCA has had no initial impact on transactions

Early transaction data from Barclaycard following the introduction of Strong Customer Authentication (SCA) rules finds that merchants have not seen an increase in abandoned transactions or declined payments, contrary to popular expectations.

GoCardless enters US market

/Cards

GoCardless enters US market

London-based GoCardless is opening for business in the US, on a mission to shake up recurring payments in the world's biggest market.

/Cards

SumUp appoints former Ebay exec as EVP for Europe

SumUp today announces the appointment of Alexander von Schirmeister, a former executive at eBay, as its Executive Vice President, Europe.

/Cards

Cashplus hires AmEx’s Rahul Duseja as new credit director

Cashplus, the leading challenger to UK banks, today announces the appointment of Rahul Duseja as Credit Director.

/Cards

Square Terminal arrives in the UK

Today payments provider Square launched Square Terminal, an all-in-one device that makes credit and debit card processing fair and accessible to more businesses across the UK.

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