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Colleen Taylor to lead Wells Fargo merchant services

Wells Fargo & Company (NYSE: WFC) today announced that Colleen Taylor will join Wells Fargo as head of Wells Fargo Merchant Services, responsible for the strategic direction and management of the merchant services business and a joint venture with Fiserv.

/Cards

BlueSnap to offer chargeback protection with Chargebacks911

BlueSnap, an online payments technology company, today announced a partnership with Chargebacks911, a technology platform provider for loss prevention and dispute management, to offer comprehensive dispute management tools to users of BlueSnap’s payment processing solutions.

/Cards

NCR’s Stefano Cipollone joins Auriga

Auriga, a leading European supplier of software and technology solutions for the global banking industry, today announced another senior appointment from the self-service banking technology sector.

Shinhan Card tests Face Pay

/Cards

Shinhan Card tests Face Pay

Korea's Shinhan Card group has begun testing a facial recognition-based payment system within the company's canteen and onsite convenience store.

/security

Australia checks growth in payment fraud

The latest payment card fraud data has shown a decline in the rate of fraud for the first time since reporting of card fraud commenced in 2006.

Mastercard takes on counterfeiters with blockchain tech

/Cards

Mastercard takes on counterfeiters with blockchain tech

Mastercard is to use blockchain technology to track the provenance of limited edition fashion items as part of a showcase of collections from leading women designers and artists.

Klarna pushes for growth in US and Australia with $460 million equity raise

/Cards

Klarna pushes for growth in US and Australia with $460 million equity raise

Buy now pay later outfit Klarna has has raised $460 million in an equity funding round, at a post money valuation of $5.5 billion.

/Cards

Caixabank reaches one million mobile payment users

CaixaBank has reached one million mobile payment customers, a milestone that reflects the considerable growth of this system in Spain.

Mastercard acquires Nets account-to-account payments business

/payments

Mastercard acquires Nets account-to-account payments business

Mastercard has acquired the account-to-account payment business of Nordic platform Nets for €2.85 billion.

NAB tests 'tap-on-phone' payment software

/Cards

NAB tests 'tap-on-phone' payment software

National Australia Bank is testing 'tap'on-phone' software as an alternative to physical payment terminals for small business customers.

Apple readies for credit card launch

/Cards

Apple readies for credit card launch

Apple has opened a Web page highlighting the forthcoming release of its titanium Apple Card, developed in conjunction with Goldman Sachs.

/Cards

Mastercard adds Salesforce to small business programme

Small businesses are often powered by passionate teams behind the scenes, and in today’s digital world, having savvy technology resources can help them achieve their goals.

Monzo asks customers to change PINs after storage bug discovered

/Cards

Monzo asks customers to change PINs after storage bug discovered

Monzo is asking up to half a million customers to change their PINs after discovering a bug that rendered them accessible to engineer's working on the bank's systems.

/payments

Klarna and Asos take payments partnership to the US

Always on trend global fashion destination, ASOS, and leading alternative payments provider, Klarna, take on the US.

/Cards

Citi adds direct debits for recurring payments to mobile app

Citi Hong Kong today announced the launch of Citi PayAll, a first-of-its-kind payment solution that enables Citibank credit cardholders to settle one-off or recurring payments on the Citi Mobile App using their credit card while earning Points at the same time.

/Cards

American Express acquires B2B business Acom Solutions

American Express (NYSE: AXP) today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc., that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow.

/Cards

Visa appoints former Amex exec Fabara as chief risk officer

Visa Inc. (V) announced today that Paul D. Fabara will join Visa as Chief Risk Officer, effective Sept. 3.

/startups

Visa exports Fintech Fast Track programme to the US

Fintechs are transforming the global payments ecosystem at a rapid pace, changing the way people invest, manage money, receive loans, and send real-time payments to friends and family.

JPMorgan signs up to Visa and Billtrust's Business Payment Network

/Cards

JPMorgan signs up to Visa and Billtrust's Business Payment Network

JPMorgan has become the first issuer to sign up to Visa and Billtrust's Business Payment Network as part of an effort to streamline the delivery of electronic B2B payments for the bank's commercial card clients.

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

/Cards

BofA terminates First Data partnership/JPM Chase closes collaboration with OnDeck

Bank of America is to terminate its merchant services partnership with First Data when the ten-year contract expires in June 2020.

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