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Canada's Koho launches cashback programme

Weeks after announcing the close of its precedent-setting $42 million Series B fundraise, Koho continues to push the industry forward by offering the best cashback program available to Canadians.

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Visa and Western Union strike strategic alliance

Today, Visa (NYSE:V) announced a new strategic agreement with Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement.

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Tribe Payments granted Mastercard certification

Tribe Payments, a team of industry experts dedicated to delivering the future of payments, has secured certification from Mastercard as an issuer and acquirer processor across Europe.

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Natixis Payments and Visa unveil 'payments in a box' package

Natixis Payments and Visa have announced Xpollens, a full white label “Payments in a Box” offer for Fintechs, corporates and retailers.

/payments

Visa joins forces with Currencycloud on cross-border and travel payments

Visa Inc. (NYSE: V) and Currencycloud, an enterprise-class payments platform, today announced a partnership to drive further innovation in cross-border and travel payments.

/Cards

Asian card spending in Europe soars

JCB International, Co., Ltd. (JCBI), the international operations subsidiary of major global payment brand JCB, today reveals a 63% growth in annual sales volume made by Asian cardmembers in Europe between 2017 and 2018, and a 45% global growth in total annual sales volumes in the past four years, now reaching over 130 million cardmembers worldwide.

/Cards

Marqeta and CashFlows form European partnership

Marqeta, the leading global modern card issuing platform, announced a new partnership today with CashFlows, a consolidated business payment services provider, to provide BIN sponsorship services for its rapidly growing roster of European fintech customers.

/security

New Strong Customer Authentication rules could cost Europe EUR57bn - Stripe

Today, payments infrastructure company Stripe released a new study conducted by 451 Research forecasting that Europe stands to lose €57 billion in economic activity in the first 12 months after SCA takes effect.

/retail

SIA wins Bank of Italy tender to manage interbank register of bad cheques and cards

SIA has won Bank of Italy’s tender for the management of the Interbank Register of Bad Cheques and Payment Cards (Centrale di Allarme Interbancaria - CAI), the computerized archive of illicit bank and postal cheques and credit and debit cards that contributes to ensuring the smooth running of the national payments system. The concession will last 8 years.

/retail

Research casts doubt on future of high street banking

A quarter of the UK (25%) believe the high street bank will be ‘dead’ in five years, according to new research conducted by Contis, the banking and payments solution provider.

/Cards

SMEs benefit from cashless payments says study

The trend of card payment at the point of sale (POS) continues in Germany: Today more than half (52%) of customers prefer to pay cashless. This development towards digital payment offers significant potential for increases in sales and efficiency as well as cost reduction for small and mid-sized enterprises (SMEs).

China UnionPay to offer European credit cards

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China UnionPay to offer European credit cards

The world's biggest card issuer, China UnionPay, has stepped up its European ambitions after striking a deal with a UK back-office startup, Tribe Payments, that will see it offer debit and credit cards in Europe.

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FOMO Pay and Discover Global netowrk team, up for card payments

FOMO Pay, an award-winning integrated payment solution provider to merchants in Singapore and across the region, and Discover Global Network, announced a partnership to allow Discover Global Network cardholders the ability to use their cards at FOMO Pay’s merchants around the world.

/payments

Mastercard names Sasha Krstic president, Canadian operations

Mastercard today announced the appointment of Sasha Krstic as president for the company’s Canadian operations.

/Cards

NatWest works with Alzheimer’s Society on debit card redesign

The new design helps customers easily and quickly identify the correct way a card should be inserted into a cash machine.

Raphaels Bank fined £1.89m for outsourcing failures

/regulation

Raphaels Bank fined £1.89m for outsourcing failures

The UK's Raphaels Bank has been fined £1.89 million for outsourcing failures which left thousands of customers unable to use their payment cards on Christmas Eve 2015.

/payments

ChargeAfter raises $8 million

ChargeAfter, a global network that enables retailers to match their consumers with credit and financing offers, raised $8M in its Series A funding round.

/Cards

Payments Canada seeks feedback on widening debit card acceptance

Payments Canada is seeking feedback on its consultation paper for a new rule, as part of its point-of-service payment rules framework, to enable a broader range of point-of-service debit card acceptance.

/Cards

Contactless payments on the rise in Russia

Russian customers are noticeably more often using contactless payment methods to pay for purchases: the number of payments made with smartphones has increased nearly threefold over the past year.

/Cards

UOB and Mastercard launch elite metal payments card for SMEs

UOB and Mastercard today announced the launch of the UOB Regal Business Metal Card, Asia Pacific’s first World Elite Mastercard Business metal card designed for smalland medium-sized enterprises (SMEs).

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