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Which? calls on UK Government to prevent collapse of cash

/payments

Which? calls on UK Government to prevent collapse of cash

Consumer group Which? has called on the Government to protect the already fragile cash system from collapse as the UK's shift to a cashless society accelerates.

/payments

Rapyd launches in the UK

Rapyd, a global Fintech as a Service company, today announced the launch of a single, "full-stack," payment solution in the United Kingdom allowing businesses locally and globally to access every major local payment method — such as cash, bank transfers, ewallets, and cards — through one easy to integrate connection.

/crypto

Invictus Capital launches wallet to enable blockchain investment via credit cards

Invictus Capital, the alternative investment firm that offers dollar- denominated, blockchain-based investment funds, announces the launch of its secure Invictus Wallet.

/payments

YES Bank issues contactless travel bus cards

YES BANK in partnership with Chalo announced the launch of a co-branded contactless, YES BANK powered Chalo travel card in Mangalore and Udupi, enabling users to load money on the card to make ‘tap to pay’ payments across buses.

Mobile banking service for US immigrants launches

/inclusion

Mobile banking service for US immigrants launches

Welcome Technologies, an outfit that works to support immigrants to the US, has joined forces with Green Dot on a digital banking product.

/payments

Mastercard debuts Covid-19 recovery insights tool

Businesses and governments across the globe are looking for resources to help better manage the health, safety and economic risks presented by the recent pandemic.

/retail

Salvation Army to use prepaid cards from B4B Payments to support victims of modern slavery

Cashless advocates and prepaid payments company, B4B Payments is lending its technological weight to The Salvation Army in the vital work to support recovering victims of modern slavery, by working with the organisation on cashless payment technology.

/payments

UK lenders approve almost 1.5 million payment holidays on credit cards and personal loans

Customers facing temporary financial difficulties due to the coronavirus have been granted almost 1.5 million payment holidays by lenders on their credit cards and personal loans, UK Finance reveals today.

Marqeta raises $150m at $4.3bn valuation

/payments

Marqeta raises $150m at $4.3bn valuation

Marqeta has raised $150 million from an unnamed institutional investor, valuing the open API card issuing and processing platform at $4.3 billion.

/payments

Checkout.com acquires Australian startup Pin Payments

Leading global payment solution provider Checkout.com today announces the acquisition of Australian startup, Pin Payments.

/people

Visa appoints Chris Newkirk from Capital One as chief strategy advisor

Visa Inc. (NYSE:V) announced today that Chris Newkirk will join the company in the newly created position of Chief Strategy Officer.

/payments

Two-thirds of all Mastercard transactions in the UK are now contactless

As Mastercard reveal that 66 per cent of all transactions across the UK are now contactless, new research released today identifies consumer habits and viewpoints that mean this is a consumer change that will stand the test of time.

Poland's Pekao launches kids' app

/retail

Poland's Pekao launches kids' app

Polish bank Pekao has launched an app that helps children save and learn about how to manage their money.

Samsung and SoFi launch money management tool

/payments

Samsung and SoFi launch money management tool

Electronics giant Samsung has partnered US digital lender SoFi on a mobile-first money management platform and Mastercard debit card.

/payments

Stripe inks deal with JCB

Stripe, the online payment infrastructure provider powering Amazon, Facebook, Shopify, Zoom, Slack, and millions of businesses across 39 countries, today announced several ambitious investments in Japan to accelerate the offline to online transition of the economy and help Japanese firms export globally.

/payments

Stripe launches in five more European countries

Stripe, a global technology company that builds economic infrastructure for the internet, today announced its official launch in the Czech Republic, Romania, Bulgaria, Cyprus, and Malta. Europe is home to some of the largest and fastest-growing online economies in the world.

/payments

Covid-19 accelerates Canadian move to digital payments

According to new data released by Interac Corp., payment transaction records show that today, more than ever, Canadian consumers and businesses are adopting digital methods to spend, send and receive money.

/payments

Walmart and Green Dot revamp MoneyCard

Walmart (NYSE:WMT), together with Green Dot (NYSE:GDOT), today announced updated features and benefits for the Walmart MoneyCard Reloadable Debit Card program.

Maze ransomware gang leak Banco BCR card data

/security

Maze ransomware gang leak Banco BCR card data

The Maze ransomware gang have started posting payment card data stolen during a breach at state-owned Banco de Costa Rica.

MPs warn of danger to cash as ATM withdrawals plummet

/payments

MPs warn of danger to cash as ATM withdrawals plummet

MPs from across the House of Commons have called on the Chancellor to act now to protect the UK cash infrastructure from imminent collapse, as people shun ATMs due to the Covid-19 outbreak.

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