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Credit fintech Petal agrees sale to Empower

/inclusion

Credit fintech Petal agrees sale to Empower

Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.

/payments

Nubank teams up with Wise Platform to power global account

Today, Wise Platform, Wise’s infrastructure offering for banks, financial institutions, and enterprises around the world, announced its partnership with Nubank, one of Brazil’s largest financial institutions, to power their global account and international debit card.

/payments

Busey Bank enlists CorServ for credit card programme

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.

/payments

Sunrate brings Apple Pay to commercial credit card customers

Sunrate, an intelligent global payment and treasury management platform, today brings its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction.

Bank of Ireland blames latest glitch on "technical issue"

/security

Bank of Ireland blames latest glitch on "technical issue"

Bank of Ireland (BoI) was hit by another outage on Friday when its mobile banking app went down for around four hours.

/payments

BankPro picks Arroweye for dual interface debit cards

Arroweye Solutions, the only provider of just-in-time payment cards, has announced a new partnership with BankPro Limited, a subsidiary of FxPro Group, that provides professional banking services, including e-money and digital investment solutions, as its exclusive provider of dual interface (contact and contactless) debit cards to customers in the Caribbean.

Brim Financial raises $85m for US expansion

/payments

Brim Financial raises $85m for US expansion

Toronto-based payment technology firm Brim Financial is targeting the US after raising $85 million in a Series C funding round led by EDC Investments.

/crypto

Bybit Card integrates with Google Pay

Bybit, one of the world’s top three crypto exchanges by volume, is thrilled to announce a significant advancement in its Bybit Card service, enhancing user convenience and accessibility.

/security

Bangladesh's Mutual Trust Bank introduces biometric cards

Mutual Trust Bank Limited (MTB) in Bangladesh is launching biometric payment cards based on IDEX Pay, the biometric solution from IDEX Biometrics.

What are NFC payments?

/Cards

Níamh Curran Senior Reporter at Finextra

What are NFC payments?

Visa launches AI-powered fraud prevention tools

/security

Visa launches AI-powered fraud prevention tools

Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.

Robinhood launches credit card

/payments

Robinhood launches credit card

Robinhood continues to expand beyond its stock trading origins, launching a credit card with a host of perks, including three per cent cashback.

/payments

Consorsbank Visa card portfolio migrated to Worldline

Worldline (Euronext: WLN), a global leader in payment services, has successfully completed the migration of Consorsbank’s Visa Card Portfolio from the existing legacy mainframe solution to its cutting-edge customer-centric issuing processing solution.

/payments

Currensea hits100k cardholders

Travel debit card Currensea, has now hit 100k cardholders with its money-saving solution now used globally every nine seconds.

Visa and Mastercard reach $30bn interchange fee settlement with merchants

/payments

Visa and Mastercard reach $30bn interchange fee settlement with merchants

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

/payments

La Banque Postale and JCB team up

La Banque Postale and JCB today announced the signature of a partnership aimed at facilitating easy and seamless payment transactions for JCB cardmembers throughout France.

/payments

Qover and Yonder team on travel insurance

Qover, insurtech leader in embedded insurance orchestration, announces its partnership with UK-based credit card fintech Yonder, offering its members a seamless and comprehensive travel insurance experience.

/payments

Oz spend management platform Weel teams up with Nium

Weel, Australia’s leading spend management platform, and Nium, the leader in real-time cross-border payments, today announced a new strategic partnership to help finance teams better manage their corporate spend.

/retail

Chime SpotMe feature made available to members using Credit Builder

Chime’s industry-leading SpotMe feature – the fee-free overdraft that’s spotted members billions since 2021 – just got even better. SpotMe¹ is now available as an overdraft line of credit when members use the Chime Secured Credit Builder Visa® Credit Card⁵, too.

/inclusion

nsave Raises $4 Million in Seed Funding

nsave SA, a fintech company dedicated to offering safe and secure accounts and payments for individuals from distressed economies, today announced the closure of its first round of seed funding. Sequoia Capital and TQ Ventures co-lead the round with participation from Y Combinator, SV Angel, ACE Ventures, and FONGIT (the State of Geneva organization supporting tech startups). nsave, which seeks to democratize access to safe financial services in Switzerland, raised $4 million.

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