Latest Cards News: Finextra Research

Company update/Cards

Stripe releases API for programmable payment cards

Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards.

27 July 2018

Revolut slashes fraud with disposable virtual cards

Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction in card fraud cases.

26 July 2018

Company update/Cards

ACI equips developers with open API

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that its UP eCommerce Payments solution provides a fast and flexible way for local card acquirers and alternative payment methods to integrate with ACI’s extensive global network of payment endpoints.

26 July 2018

Company update/Cards

Same day ACH shows strong growth in Q2 - Nacha

ACH debit and credit transactions totaled more than 5.7 billion in the second quarter of 2018, a 6.2 percent increase when compared to Q2 2017, according to NACHA—The Electronic Payments Association.

26 July 2018

News/Cards

CYBG syncs B cards with Paypal

Customers of B, the mobile banking app from Clydesdale and Yorkshire Bank (CYBG), will soon be able to link their debit and credit cards to their PayPal account.

26 July 2018

Company update/Cards

FinAccel raises $30 million to extend 'buy now, pay later' app across SE Asia

Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha JWC Ventures and 500 Startups.

26 July 2018

Company update/Cards

Ingenico H1 in line with expectations

Ingenico Group, (Euronext: FR0000125346 - ING), global leader in seamless payment, announced today its results for the six-month period ended as of 30 June 2018.

26 July 2018

News/Cards

Automated debt management app Tally raises $25m

Tally, an automated credit card debt management app, has raised $25 million in a Series B funding round led by Silicon Valley VC Kleiner Perkins.

25 July 2018

Company update/Cards

Air Canada, TD, CIBC and Visa to buy Aimia Aeroplan loyalty biz

Air Canada, The Toronto-Dominion Bank ("TD"), Canadian Imperial Bank of Commerce ("CIBC"), and Visa Canada Corporation ("Visa"), on behalf of a corporation to be formed, have made a proposal to Aimia Inc. ("Aimia") to acquire its Aeroplan loyalty business (including approximately $2 billion of Aeroplan points liability at March 31, 2018) for $250 million in cash (the "Proposed Transaction"), representing a total purchase price of approximately $2.25 billion.

25 July 2018

Company update/Cards

QRails appoints Jarman to lead client management

QRails, Inc. a financial technology company offering sophisticated processing services and other solutions to banks, credit unions, and the digital payments industry today announced that Anthony Jarman, Head of Product & Pre-Sales for London-based Global Processing Services, has joined QRails as Vice President of Client Relations reporting to Tony McGee, Chief Client Officer.

25 July 2018

Company update/Cards

Rabobank Selects ACI Worldwide to manage card portfolio business

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Rabobank, a global multinational bank, will utilise ACI Issuer to modernise the management of its card portfolio business.

25 July 2018

News/Cards

Bank hacked twice in a year, sues insurer

The National Bank of Blacksburg is suing an insurance firm over payouts related to two phishing attacks in the space of a few months which saw crooks steal more than $2.4 million.

24 July 2018

Company update/Cards

SP Group goes into administration

Allan Graham and Matt Ingram, both of Duff & Phelps, have been appointed Administrators to SP Group Limited on 24 July 2018.

24 July 2018

News/Cards

UK payments regulator to probe card acquiring market

The UK's Payments Systems Regulator is to conduct a market review into the card acquiring market in the wake of retail industry complaints about spiraling fees and ineffective competition.

24 July 2018

News/Cards

Worldpay runs PoC for 'Drone Pay' technology

Worldpay is investigating the use of drone technology and 'contactless doormats' to combat the growing issue of parcel fraud.

24 July 2018

Company update/Cards

Bestival goes cashless with tappit

Cashless expert, tappit has announced a three-year strategic partnership with Bestival and Camp Bestival.

24 July 2018

News/Cards

Competition watchdog takes aim at Experian Clearscore merger

The UK's competition watchdog has ruled that Experian's £275 million deal to buy fellow credit card data provider Clearscore could reduce competition in the market.

24 July 2018

Company update/Cards

Centtrip adds euros and US dollars as base currency option to multi-currency card account

Centtrip, a fintech company specialising in international payments, foreign exchange and expenditure, has introduced a base-currency function to its multi-currency account in response to growing demand from clients.

24 July 2018

News/Cards

Starling Bank flips the debit card on its head

Starling Bank is working to upend the payments card, flipping the card to a vertical axis and doing away with embossed numbering in an effort to more accurately reflect the way people interact with plastic at ATMs and checkout counters.

24 July 2018

Company update/Cards

Bank of America Merrill Lynch launches mobile app for commercial prepaid cards

Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards.

23 July 2018