Cards

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/payments

HSBC HK converts card loyalty rewards into air mileage

HSBC personal credit card cardholders can start to convert their RewardCash (RC) into mileage free of charge on HSBC Reward+ app from 18 May, along with gifts, vouchers and privileges available from this one-stop reward redemption platform.

/security

Visa Token service gains 28 new partners

Visa Inc. (NYSE:V) today announced that 28 new partners will be joining Visa Token Service as credential-on-file (COF) token requestors.

/payments

Covid-19 pandemic dramatically shifts Canadian spending habits

New data from a Payments Canada study on payment trends during COVID-19 reveals some dramatic shifts in Canadians’ payment preferences since the pandemic took affect in Canada.

/payments

Hong Kong's Niche Global signs with Volante for European assault

Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation, today announced that Niche Global, a rising fintech player, has selected Volante’s cloud-based SEPA instant Payments as a Service solution to accelerate its expansion into the European payments market.

/payments

EdenBull rolls out commercial cards platform for B2B payments

Facing new competition and with profits under pressure, many banks around the world are having a hard time developing and running profitable and competitive commercial card programmes.

/payments

Which? intervenes in £14bn class action suit against Mastercard

UK consumer group Which? is intervening in Mastercard's appeal in the Supreme Court over a £14 billion class action lawsuit against the card issuer relating to interchange fees.

/payments

Mastercard pushes ahead with B2B payments modernisation programme

Last year, Mastercard declared its vision to modernize and transform business-to-business (B2B) payments.

/payments

Barclays beefs up Spend Trends signal

Barclays Research is enhancing its franchise with the launch of UK Spend Trends 2.0 signals.

/payments

FIS cuts the wait for new debit and credit cardholders to access accounts

Financial technology leader FIS™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts.

/payments

DBS introduces purchasing card for logistics sector

Singapore's DBS has launched the first cashless purchasing card for the logistics sector, eliminating the need to handle paper payments at container depots.

/payments

Absa rolls out PowerCard from HPS across Africa

HPS, a leading multinational provider of payment solutions, today announces that it has completed the modernisation of Absa’s African Operations outside of South Africa (“ARO”) acquiring payments infrastructure journey.

/payments

Samsung partners SoFi on debit card

Samsung is teaming up with US digital lender SoFi to launch a Samsung Pay debit card backed by a cash management account.

/startups

Visa boasts of fintech Fast Track success

Fintechs are a central part of the global payments ecosystem, and amidst COVID-19 have launched further into the spotlight, reporting sizable upticks in the usage of their apps1, as more people manage their money from their personal devices.

/payments

Truist signs long-term card services deal with TSYS

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced that TSYS, its Issuer Solutions business, has signed a long-term agreement with Truist Financial Corporation (NYSE: TFC), to process the bank’s consumer, commercial and small business credit card portfolios.

/payments

Currencycloud strikes deal with Carta Worldwide

Carta Worldwide, an innovator in digital transaction processing, and Currencycloud, the leader in providing embedded B2B cross-border solutions for platforms of the future, have partnered to bring increased transparency, real-time foreign exchange at the point of sale, and an enhanced customer experience to international card transactions.

/payments

Conferma adds virtual Visa cards to mobile payments app

Fintech leader Conferma Pay has teamed up with Visa to integrate Visa virtual cards in the Conferma Pay mobile app.

/payments

Pandemic accelerates contactless payment adoption in the Nordics

The first four months of 2020, during which the Nordics imposed strict Covid-19 social distancing measures, saw contactless payments in the region increase by an unprecedented 12 percentage points, according to transaction data from European payments industry leader, Nets, released today.

/startups

Nordic fintechs Rocker and Enfuce team up for neobank build-up

Rocker, the Swedish neobanking pioneer, has selected Enfuce– Finland’s largest fintech startup – as partner for card issuing and payment processing.

/people

Mastercard names Mark Barnett as European president

Mastercard today announced the appointment of Mark Barnett as President of its European business, based in Brussels.

/payments

Safaricom and Visa join forces

Safaricom (NSE: SCOM), Kenya’s largest mobile operator and Visa (NYSE: V), the global leader in digital payments have today announced a partnership that will enable the development of products that will support digital payments for M-PESA customers.