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Visa poaches Square head of payments

/payments

Visa poaches Square head of payments

Square has lost its head of payments, Mary Kay Bowman, to Visa, where she takes on the role of Head of seller solutions.

/Cards

LendUp scores investment to spin off credit card biz

LendUp, a financial technology company for the emerging middle class, today announced an undisclosed investment led by LL Funds LLC and Invus Opportunities to scale its credit card business as a stand-alone company, Mission Lane.

/Cards

Moorwand form UK partnership with UnionPay

International payments company Moorwand has announced that it is launching the first pre-paid corporate and consumer cards to be issued in the UK in partnership with UnionPay, the card payment organisation with the world’s largest cardholder base.

/payments

Ingenico teams with Pyramid on connected kiosks

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, and Pyramid, leading integrator and kiosk solution provider, today announced their partnership for the distribution of Think&Go connected kiosks.

Mastercard ditches name in logo rebrand

/Cards

Mastercard ditches name in logo rebrand

Mastercard has taken the bold step of removing its name from its logo in a move it says is inspired by the rise of digital banking and a future where there will be less reliance on card payments.

/payments

CardFlight and JetPay form partnership

CardFlight, the leading SaaS payment technology company, and JetPay, the leader in vertically integrated payment solutions for all business sizes, announced a new partnership today.

India central bank convenes digital payments panel

/Cards

India central bank convenes digital payments panel

Reserve Bank of India (RBI) has recruited the Infosys chairman Nandan Nilekani to head up an advisory panel on the development of digital payments.

Brits more likely to get divorced than dump their bank – Tandem

/retail

Brits more likely to get divorced than dump their bank – Tandem

With the 8th of January marking Divorce Day – the UK’s most popular day to start divorce proceedings - Tandem Bank product director Matt Ford revealed that despite the act of changing banking provider becoming simpler, consumers are still misinformed and discouraged.

/Cards

Cardstream and Gala form alliance to combat chargeback fraud

Cardstream announced a game-changing fraud prevention alliance with Gala Technology, aimed at protecting thousands of embattled Card Not Present Mail Order Telephone Order (CNP MOTO) merchants.

/Cards

Mastercard drops name from logo

Mastercard today announced that it is dropping its name from its iconic brand mark in select contexts.

/security

Marriott updates on hack: 8.6m cards involved

Marriott today is providing an update on the number of guests whose passport numbers and payment card numbers were involved in the Starwood reservations database security incident announced by the company on November 30, 2018.

/Cards

Wirecard partners China's Ctrip on multi-currency travel cards

Wirecard, the global innovation leader for digital financial technology, and Ctrip, the largest online travel agent in China, today announced the launch of multi-currency Visa cards, which support seven of the most widely-used currencies, eliminating the need to exchange currency abroad and travel with excessive amounts of cash on hand.

/Cards

BNL-BNP Paribas chooses TAS Group for card services

On 13th November 2018, TAS Group was awarded the contract following BNL’s call for tender as part of BNP Paribas Group's Domestic Market 2020 Strategic Plan.

Contactless card fraud on the up

/Cards

Contactless card fraud on the up

Fraud on contactless cards now accounts for more than half of debit and credit card crime, as criminal push the £30 PIN-free limit to the max.

Mastercard appoints first chief experience officer

/Cards

Mastercard appoints first chief experience officer

Mastercard has hired Donald Chesnut from SapientRazorfish as it first chief experience officer.

Fingerprint payment card firm Zwipe aims to raise $13.7 million

/Cards

Fingerprint payment card firm Zwipe aims to raise $13.7 million

Fingerprint payment card firm Zwipe is bidding to raise $13.7 million by applying for a listing on Oslo Bors' multilateral trading facility Merkur Market.

/Cards

SIA records 92 million card payments in pre-Christmas week, up 26% on 2017

There were 92 million payments using debit, credit and prepaid cards, issued in Italy and processed by SIA, during the week up to Christmas (from Tuesday 18th to Monday 24th December 2018), compared to the 65 million in the same period last year (+26%); of these approximately 77 million related to traditional stores, representing almost 84% of the total, up 32.8% over 2017, while the volume of online purchases has not changed (15 million payments).

/Cards

Nexo Standards welcomes ten new members

As nexo standards continues to respond to the expanding needs of the payments market, the association today announces that ten companies have joined its membership base in 2018 to support the growth of fast, borderless and interoperable card payments globally.

/Cards

MTB introduces UnionPay to Bangladesh with support from Compass Plus

ompass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Mutual Trust Bank Ltd (MTB), one of the top five retail banks in Bangladesh, has become the first bank in the country to issue UnionPay International cards.

/Cards

European Cards Stakeholders Group seeks feedback on card standardisation

The European Cards Stakeholders Group (ECSG), the industry association in charge of cards standardisation in the Single Euro Payments Area (SEPA), is today releasing version 8.5 of the SEPA Cards Standardisation Volume (the Volume) for a three-month public consultation.

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