Latest Cards News: Finextra Research

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

Company update/Cards

Greater consumer payment adoption hinges on education - Fiserv

As consumers have embraced online and mobile methods to pay bills and keep track of finances, quarterly research from Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, reveals opportunities for organizations to increase customer knowledge of services and security to improve the financial experience.

23 July 2018

Company update/Cards

Boomtown and CardFlight partner to bring SwipeSimple to US merchants

Boomtown, a San Francisco based provider of software and services for more efficient technology support, and CardFlight, the leading mobile POS and SaaS payment technology company, announced today that they partnered.

23 July 2018

Company update/Cards

Visa picks 12 finalists for Sub-Saharan startup contest

Leading fintech companies from the dynamic Sub-Sahara Africa (SSA) technology startup community have made it to the finals of Visa’s Everywhere Initiative, a global innovation program that tasks start-ups to solve commerce challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.

20 July 2018

Company update/Cards

Mastercard gets backing for greenhouse gas emissions target

Mastercard announced today that its plans to reduce greenhouse gas emissions by 20 percent have been approved by the Science Based Targets initiative (SBTi), making it the first payments industry company to achieve this recognition.

19 July 2018

Company update/Cards

W2 Global Data raises £1.25m

A fast-growing South Wales fintech company has closed a £1.25million funding round backed by Mercia Fund Managers, Development Bank of Wales and TTI Angels.

19 July 2018

News/Cards

Cambridge rolls out contactless giving points for homeless charity

Cambridge City Council has installed contactless 'giving points', enabling people to tap their card or phone to make donations to a charitable fund for rough sleepers.

19 July 2018

Company update/Cards

Mypinpad ships mPOS authentication kit

MYPINPAD, the global leader in payment acceptance and authentication software solutions, today announces the launch of Open mPOS.

19 July 2018

Company update/Cards

Diebold Nixdorf targets Irish credit unions

Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce, is partnering with Progress Systems to provide comprehensive self-service solutions to credit union customers across Ireland.

18 July 2018