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US Senate castigates Equifax over data breach

/security

US Senate castigates Equifax over data breach

Equifax failed to prioritise cybersecurity and left itself open to attack in the lead up to the massive 2017 data breach that compromised the personal information of more than 145 million Americans, a Senate investigation has found.

/Cards

Visa offers wages on demand to PayActiv payroll partners

Today, Visa (NYSE: V) and PayActiv announced a new agreement that enables real-time1 access to earned wages disbursed by PayActiv.

Bank of England takes action over Visa outage

/regulation

Bank of England takes action over Visa outage

The Bank of England is to take supervisory action against Visa following a widespread outage last year that disrupted payments for millions of shoppers across Europe.

Philadelphia bans cashless stores

/payments

Philadelphia bans cashless stores

Philadelphia has become the first major US city to ban cashless stores and restaurants in a move designed to end discrimination against the unbanked.

/Cards

Orange Bank launches Visa Premium card

Orange Bank is pursuing the enhancement of its services with today’s launch of its new Visa Premium card[1].

/payments

Big names sign on as US Faster Payments Council founding sponsors

The recently launched US Faster Payments Council (FPC) today announced its founding sponsors.

/Cards

PFS buys Barclaycard prepaid card portfolio

FinTech Company Prepaid Financial Services has today announced the completion of a deal to acquire the Physical Prepaid Card Portfolio of Barclaycard in the UK and migrate onto its own platform as of 31st January 2019.

/Cards

SBI partners with FSS for One Nation One Card programme

State Bank of India, the country’s leading public sector bank, has partnered with FSS (Financial Software and Systems), a leading global digital payment and financial technology company, to implement first of its kind One Nation One Card program and accelerate growth of digital payments at mass-scale.

/Cards

SBI and Hitachi form merchant acquiring joint venture

State Bank of India (SBI) and Hitachi Payment Services Pvt. Ltd., a wholly owned subsidiary of Hitachi, Ltd., announced the launch of merchant acquiring joint venture, SBI Payment Services Pvt. Ltd. (SBIPSPL) in Mumbai, for establishing a state-of-the-art digital payments platform for India and other countries in the region.

/Cards

Cashplus rolls out credit card gambling block

Cashplus, the leading UK bank challenger, has announced the launch of an industry-first credit card gambling block, allowing customers to ‘switch off’ all transactions with bookmakers, casinos and other gambling merchants.

Access to cash system on verge of collapse warns report

/payments

Access to cash system on verge of collapse warns report

UK banks and regulators are being urged to act to prevent the country from "sleepwalking" into a cashless society, in a hard-hitting report prepared by former financial ombudsman Natalie Ceeney.

Wave buys SME biz account and card provider Every

/startups

Wave buys SME biz account and card provider Every

Wave, a Toronto-based startup offering products and services to small businesses, has acquired Every, which provides business accounts and debit cards to SMEs. Financial terms were not disclosed.

/payments

CardFlight adds invoice generator to SwipeSimple app

CardFlight, the leading SaaS payment technology company, announced today that its signature product, SwipeSimple, now includes the ability to create and send invoices.

/Cards

Next Biometrics reports deal with East Asian card manufacturer

Next Biometrics (Oslo Bors: NEXT), a global leader in fingerprint sensor technology, today announced that it has signed an agreement with another Asian smart card manufacturer, which holds certifications by local and international payment brands, to launch contact-based and dual interface biometric smart cards in the region.

/Cards

Barclaycard and China UnionPay ink UK card acceptance partnership

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, today announces a new card acceptance partnership with UnionPay International, a subsidiary of China UnionPay.

Kroger extends Visa ban

/Cards

Kroger extends Visa ban

Kroger, the United States' largest supermarket chain by revenue, is extending a ban on Visa credit cards to its Smith's Food and Drug Stores division in protest at "excessive" interchange fees.

/Cards

Barclaycard UK merchants to accept cards that run on the Discover Global Network

Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, today announces that it will start accepting cards that run on the Discover Global Network across its UK merchant network.

/Cards

Brex introduces corporate card for e-commerce merchants

Brex, the first corporate card for startups, today unveiled a first-of-its kind credit card specially designed to help ecommerce businesses grow.

JPMorgan moves into POS financing space

/Cards

JPMorgan moves into POS financing space

JPMorgan Chase is preparing to move into the POS financing market, enabling customers to pay in installments for $500-plus purchases and run up loans on bigger ticket items.

Exploring new commerce: Mastercard's Sonic Signature

/Cards

Exploring new commerce: Mastercard's Sonic Signature

Raja Rajamannar, Chief Marketing & Communications Officer and President, Healthcare Business, Mastercard, speaks at Mobile World Congress about the unveiling of Mastercard's Sonic Brand, the thinking behind the new musical logo and how it was developed.

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