Latest Cards News: Finextra Research

QRails bags $7 million from prominent angel investors

Cloud-based payment processing startup QRails has secured $7 million in funding from a group of heavyweight angel investors, including Gary Hoffman, chairman of Hastings Insurance, former CEO of Barclaycard and board member at Visa, Jonathan Hughes, previously a senior executive at Worldpay, and Alan Morgan of Adfisco.

22 October 2018

Company update/payments

American Express and PayPal partner for loyalty spending and P2P transfers

American Express (NYSE: AXP) and PayPal (NASDAQ: PYPL), today announced an expanded strategic partnership that will improve the digital payments experience for U.S. American Express Card Members paying with PayPal and Venmo.

19 October 2018

Company update/Cards

Visa extends tokenization partnership with Netflix

Building on a pilot program that began in 2017, Visa (NYSE: V) today announced an expansion of Netflix’s use of the Visa Token Service, with a key focus of improving card-not-present authorization rates and enabling a more seamless and secure merchant and customer experience globally.

19 October 2018

Company update/Cards

Mastercard forms partnership with manufacturers to deploy greener cards

For many years, the idea of going green in payments has been limited to linking purchases and accounts with donations to environmental causes and carbon offsets.

19 October 2018

Company update/Cards

Card clash costing UK commuters £3.4 million a year

Double dipping is costing commuters over £3.4 million per year, according to the latest research from Commuter Club, the commuting subscription service.

19 October 2018

Company update/Cards

Natterbox adds PCI compliance to telephony platform

Natterbox, a leading provider of global voice cloud services, has today announced that it has fully integrated a highly secure, automated credit card payment service which meets the strict PCI DSS standards into its telephony platform.

19 October 2018

Company update/Cards

Dynamics enters Japan with SoftBank

Dynamics Inc., SoftBank Corp. (“SoftBank”) and SoftBank Commerce & Service Corp. (“SoftBank C&S”) agreed to consider a comprehensive collaboration for the deployment of Dynamics’ battery-powered interactive card in Japan.

19 October 2018

Company update/Cards

Wirecard ships mPOS device to Brazil

Wirecard Brasil (formerly Moip), part of the Wirecard Group, the global innovation leader in digital financial technology, announced today the launch of their omnichannel payment services in Brazil.

19 October 2018

News/security

SoGen tests biometric cards for limitless contactless payments

Societe Generale is trialling a payments card with a built in fingerprint reader that enables users to make contactless payments of any amount.

19 October 2018

Company update/Cards

Square releases new all-in-one eftpos terminal

Today, Square, Inc. (NYSE: SQ) announced Square Terminal, an integrated and innovative all-in-one card processing device designed to be fast, fair, and secure.

18 October 2018

Company update/payments

ISignthis JCB card acquiring service live

ISignthis Ltd (“the Company”) is pleased to announce that its JCB card acquiring service is now operationally live, with our first two (2) merchants accepting JCB cards commencing transactions imminently.

18 October 2018

Company update/Cards

Tinkoff Black card-holders can now keep their money in 30 currencies

Tinkoff Bank is offering its customers the opportunity to open multiple Tinkoff Black accounts in as many as 30 currencies at a time.

18 October 2018

News/Cards

Mastercard signs off on removal of card signature panel

Mastercard is embracing new modes of authentication across its network, introducing a voluntary programme for banks to eliminate the signature panel on physical plastic, and enabling token services on all cards by 2020 for shopping online.

18 October 2018

News/Cards

Payments revenue to hit $2.4 trillion by 2027

The payments industry remains one of the brightest spots on the financial services landscape, according to a report from the Boston Consulting Group (BCG) and Swift, which predicts global revenue to grow by more than $1 trillion by 2027.

18 October 2018

Company update/security

Twilo unveils API for processing payments securely over the phone

Twilio (NYSE: TWLO), the leading cloud communications platform, today announced <Pay>, a new API that enables developers to easily process payments securely over the phone.

17 October 2018

Company update/security

Visa unveils big name partners to tokenisation service

Visa Inc. (NYSE:V) today announced the commercial expansion of the Visa Token Service for credential-on-file (COF) token requestors, marking a major milestone towards further securing consumer payments in the digital channel.

17 October 2018

Finextra TV/Cards

Bringing together the vision of connected commerce

Gerrard Schmid, President and Chief Executive Officer Diebold Nixdorf, speaks at Diebold Nixdorf's International Management Seminar in Lisbon, about how banks need to support their customers through multi-channels as a result of digitisation, what is driving mobile banking, where the potential is for retail banks, and whether cash is really becoming extinct.

17 October 2018

Company update/payments

Fed study finds rising noncash payments fraud

The value of fraudulent noncash payments in the United States rose significantly between 2012 and 2015--outpacing growth in noncash payments overall, according to a new report based on Federal Reserve Payments Study data.

16 October 2018

Company update/Cards

Boost applies dynamic discounting to commercial cards

Boost Payment Solutions®, the leader in commercial card payment optimization, today announced the launch of Dynamic Boost – the first payment platform to apply rules-based, dynamic interchange pricing to commercial card payments.

16 October 2018

News/regulation

US payments giants struggle to meet Indian data storage deadline

Visa, Mastercard, American Express, PayPal and Amazon all look to have failed to meet the deadline to comply with new rules that require information about transactions in India to be stored in the country.

16 October 2018