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Interac and JCB team up to help travellers withdraw cash in Canada

Interac Corp. and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., have announced an agreement that will allow JCB to process ABM transactions in the Canadian market by leveraging the existing infrastructure between Interac Corp. and Discover Global Network to support both magnetic stripe and chip and pin cards.

British Airways faces £183m fine over data breach

/security

British Airways faces £183m fine over data breach

British Airways faces a record £183.39 million fine for a data breach last year that compromised the personal information - including payment card details - of hundreds of thousands of people.

/Cards

UK fintechs partner for card processing plan

Fintech finance specialist, Capital on Tap, has partnered with accounting software providers Receipt Bank to offer its customers the new Receipt Bank Card.

Nordea invests EUR5m in neobank P.F.C

/startups

Nordea invests EUR5m in neobank P.F.C

Nordic banking giant Nordea has invested EUR5 million in P.F.C (Personal Finance Co.), a recently launched Swedish neobank.

/Cards

InstaReM releases API for card issuers

InstaReM, Southeast Asia’s leading digital cross-border money transfer and payments company, has announced the launch of its API-based digital platform that will enable start-ups, fintech companies and enterprises to launch their own branded cards.

/Cards

SIA opens new payment card centre in Verona

In Verona today SIA has inaugurated a new specialized center for payment cards, capable of managing every stage of issuing, from conception to distribution, through a monitoring system compliant with the highest standards of security.

Manchester Metrolink goes contactless

/Cards

Manchester Metrolink goes contactless

Passengers travelling on Manchester's tram network can now use their contactless payment cards to pay their fares, in the first aggregated Pay As You Go implementation on light rail outside of London

Uber drives financial inclusion with in-app account from BBVA

/Cards

Uber drives financial inclusion with in-app account from BBVA

Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.

/inclusion

Digital challenger Airfox inks Mastercard and Zurich deals

Airfox, a startup providing transformative financial services to emerging markets, today announced a partnership with Mastercard Brazil that vastly extends the availability of affordable and cost-free banking solutions with 1% cashback to customers.

Kyash raises $14 million for cashless Japan push

/Cards

Kyash raises $14 million for cashless Japan push

Japanese payments app and putative challenger bank Kyash has raised $14 million in a Series B funding round co-led by Mitsubishi UFJ and Goodwater Capital, the VC firm that recently participated in Monzo's £113 million raise.

/Cards

Joko raises EUR1.6 million to reinvent loyalty cards

The fintech startup Joko carries out its first fundraising with top-tier investors — Partech, Axeleo Capital, Lafayette Plug and Play, and several angel investors from the sector — to develop its simple and universal loyalty program integrated into credit or debit cards.

/Cards

PayFacto appoints former McKinsey man Frédéric Gascon as COO

PayFacto, a leading payment solutions provider in North America specializing in processing transactions for debit and credit cards, is pleased to announce the arrival and appointment of Mr. Frédéric Gascon as Chief Operating Officer, a new position within the company.

/Cards

Revolut’s customers can now round up their card payments and donate their spare change to charity

Revolut has today released a new in-app feature called Donations, which allows their five million customers to round up their card payments and donate the difference to three international charities.

/payments

ConnexPay scores $7 million Series A

ConnexPay, a payment provider changing the way travel intermediaries do business, announced today that it has raised a Series A funding round of $7 million led by BIP Capital, one of the Southeast's most active venture investors.

/Cards

CBA enables network routing choice for merchants

From today, the Commonwealth Bank has enabled Merchant Choice Routing (MCR) for businesses to select which network to use when processing contactless payments made with multi-network debit cards (Mastercard and Visa), and choose any combination of payment routing choices.

Visa to buy Verifi

/payments

Visa to buy Verifi

Visa is buying Verifi, a payment dispute resolution technology specialist that promises to help firms reduce chargebacks. Financial terms of the deal were not disclosed.

Goldman Sachs could create digital coin

/Cards

Goldman Sachs could create digital coin

Goldman Sachs could follow JPMorgan Chase in creating a digital coin, CEO David Solomon has revealed in an interview in which he also dismissed the threat of tech giants such as Facebook moving beyond payments into deposits.

/Cards

Jaja Finance acquires Bank of Ireland UK’s credit card portfolio

Bank of Ireland UK (“The Bank”) has today announced a new partnership with digital finance company Jaja Finance Limited (“Jaja”).

Visa rolls out payment instalment APIs

/devops

Visa rolls out payment instalment APIs

Visa has introduced a suite of APIs to help financial institutions and retailers offer their customers the option to pay off instore and online purchases in instalments.

/payments

SIA signs five-year payment modernisation deal with Greek retailer Market In

SIA, the leading European hi-tech company in the payment services and infrastructures sector, through its wholly-owned subsidiary New SIA Greece, has reached a five-year agreement with Market In, one of Greece’s leading retailers, to provide a new payment technology infrastructure and to manage the processing of card transactions.

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