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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.

/Cards

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.

/Cards

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

/Cards

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.

/Cards

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.

/Cards

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.

/Cards

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

/Cards

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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