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Brex raises $100m at $2.6bn valuation

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Brex raises $100m at $2.6bn valuation

Just a year after launching its corporate credit card for startups, US fintech Brex has hit a $2.6 billion valuation off the back of a $100 million funding round led by Kleiner Perkins Digital Growth Fund.

Uber makes New York hires for fintech push

/retail

Uber makes New York hires for fintech push

Uber has embarked on a hiring spree in New York as part of an aggressive move into financial services that could even see the ride hailing app launch its own bank account, according to CNBC.

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EMVCo publishes SRC spec and payment icon

EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website.

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Amex to issue all US payments cards as contactless

American Express (NYSE: AXP) has joined forces with North America’s largest public transportation agency, New York’s Metropolitan Transportation Authority (MTA), to bring contactless payments to transit riders in New York City.

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Dolfin launches international payment card and app

Dolfin, an independent and agile wealth management platform, has launched Dolfin Mastercard, a multi-currency payment card available exclusively to the firm’s private clients.

Citi hitches a ride with Grab

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Citi hitches a ride with Grab

Citibank has struck a deal with Asian ride-hailing firm Grab to launch a co-branded credit card in the Philippines.

Melbourne payments startup Verrency raises A$10 million

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Melbourne payments startup Verrency raises A$10 million

Australian payments innovation startup Verrency has closed a A$10 million Series A funding round ahead of a planned expansion to Singapore and US markets.

/payments

Masabi unveils multi-format scanning device for contactless tap and ride ticketing

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today launched the Justride Validator – a feature rich multi-format ticket validation device for buses and trams, designed by Masabi so passengers can simply tap a contactless payment card, linked smartcard or mobile device to travel, without needing to purchase a ticket or understand fares.

Amazon targets unbanked with 'Credit Builder' card

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Amazon targets unbanked with 'Credit Builder' card

Amazon has teamed up with Synchrony Financial to launch a secured credit card targeted at Americans with no credit history or bad credit.

Sberbank to open pilot branch in McDonald's outlet

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Sberbank to open pilot branch in McDonald's outlet

Customers of Russia's Sberbank will soon be able to do their banking with a side-order of Big Mac and Fries following a collaboration deal agreed between the state-owned banking entity and the giant US burger chain.

Developer Day at FusionONE stirs excitement among the users

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Developer Day at FusionONE stirs excitement among the users

Finextra’s Hannah Wallace reports on day two of the FusionONE open banking developer conference to learn more about Finastra’s vision for the future of banking re-engineered upon APIs and open platforms. We gain exclusive insight from the developers into what's exciting them most about FusionFabric.cloud and how they are looking to innovate and create using the platform.

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AmEx goes all in on contactless

American Express (NYSE: AXP) has joined forces with North America’s largest public transportation agency, New York’s Metropolitan Transportation Authority (MTA), to bring contactless payments to transit riders in New York City.

Amaiz launches biz banking app for UK 'solopreneurs'

/startups

Amaiz launches biz banking app for UK 'solopreneurs'

UK startup Amaiz has launched an app-based specialist banking service for freelancers, gig workers, entrepreneurs and contractors.

/security

EMVCo publishes EMV Secure Remote Commerce specification v1.0

EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website.

Millions of Brits go cashless amid rise of contactless and mobile banking

/payments

Millions of Brits go cashless amid rise of contactless and mobile banking

With mobile banking and contactless payments becoming ever more popular in the UK, one in 10 Brits now live a largely cashless life, according to figures from UK Finance.

Stripe leads $22.5m funding round for teen banking startup Step

/startups

Stripe leads $22.5m funding round for teen banking startup Step

Stripe has led a $22.5 million Series A funding round for Step, a teenager-focused US mobile banking startup that has built up a half million-strong waitlist in a matter of months.

/payments

SymphoPay and eMAG integrate interest-free installments programme with payment terminals

eMAG integrates SymphoPay's payment platform at all the showroom's Priority Pay machines.

/payments

Visa contactless payments come to Singapore Transit

From today, commuters can choose a faster and more convenient way to pay for public transport in Singapore by tapping their Visa contactless cards or compatible mobile devices at MRT stations or buses, as part of the Land Transport Authority’s (LTA) SimplyGo initiative.

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Contactless cards increasingly used for low value playments - research

Research from RBR’s Global Payment Cards Data and Forecasts to 2023 shows that issuers across the world are increasingly adding contactless functionality to their payment cards, often as a way of persuading their customers to use cards rather than cash.

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Line Pay and Visa partner for digital payments

LINE Pay Corporation, operator of digital wallet and fintech services on the LINE messaging app, and Visa (NYSE: V), the global payments leader, today announced a strategic partnership that will see them create new financial services experiences for their collective user bases of millions of consumers and merchants worldwide

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