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Europe passes new rules to give merchants more choice in card processing networks

The European Commission has issued new requirements that ensure independence of payment card schemes and processing entities, to enhance competition in the card payment market.

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NetPay scores £1 million in working capital from OakNorth

OakNorth – the bank for entrepreneurs, by entrepreneurs – has provided £1m of working capital to NetPay, the payment services provider founded in 2012 by Carl and Nicole Churchill.

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Ghana selects Gemalto for EMV migration project

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is providing its PURE white-label payment solution to GhIPSS (Ghana Interbank Payment and Settlement Systems), a subsidiary of Ghana's central bank that manages the country's interbank payment processing system.

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PPRO Group becomes a Bancontact acquirer

PPRO Group, the cross-border e-payment specialists, have become a direct acquirer for Bancontact, the leading Belgian electronic payment scheme.

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Credit card app Curve launches in UK

Curve, the new app that connects your debit and credit cards to one Curve Mastercard, launched for UK consumers today.

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Blackhawk agrees $3.5bn sale

Blackhawk Network Holdings, a US fintech outfit specialising in prepaid gift cards, has agreed to be acquired by PE firm Silver Lake and hedge fund P2 Capital Partners in an all-cash deal worth around $3.5 billion.

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Fidesmo hires Ulrich Dreefs

Fidesmo strengthens its team with Ulrich Dreefs, an experienced manager in the field of IT-based B2B services.

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Australia's ME Bank picks FIS as card platform provider

FIS (NYSE: FIS), a global leader in financial technology services and solutions, today announced that it has been selected by ME Bank, a direct bank based in Australia, as its new cards platform provider.

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Gemalto aims to speed up EMV migration in Ghana

Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is providing its PURE white-label payment solution to GhIPSS (Ghana Interbank Payment and Settlement Systems), a subsidiary of Ghana's central bank that manages the country's interbank payment processing system.

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Vietnamese bank in alliance with JCB for card payments

Nam A Commercial Joint Stock Bank (Nam A Bank) and JCB International Co., Ltd. (JCBI) , the international operations subsidiary of JCB Co., Ltd. (JCB) signed a cooperation contract to license the issuance of JCB Cards and acquisition of JCB merchants in Vietnam.

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Moorwand and GPS partner to launch UpayCard in UK

International payments company Moorwand and leading global issuer processer GPS have joined forces to launch the UPayCard branded prepaid card solution to the UK market.

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Visa makes signature optional for EMV merchants in North America

To continue the ongoing migration to EMV chip, and to bring increased security and convenience to the point of sale, Visa is making the signature requirement optional for all EMV contact or contactless chip-enabled merchants in North America, beginning April 2018.

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Visa and Fingerprints team with Mountain America Credit Union on biometric payment cards

Fingerprints today announced that its touch sensor is being used in the first US-based pilot of a new dual-interface (chip- and contactless-enabled) payment card with Mountain America Credit Union.

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Europe begins Open Banking era in subdued style

The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.

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Precise Biometrics addresses fingerprint recognition in smart cards

Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded, has through the cooperation with Fingerprint Cards been deployed in the first market trial of dual-interface biometric payment cards in the USA, which is carried out by Visa and Mountain America Credit Union.

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Ingenico names Jennifer Miles EVP, North America

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, is pleased to welcome Jennifer Miles as Executive Vice President North America. Jennifer reports to Philippe Lazare, Chairman and CEO, and is a member of the company’s Executive Committee.

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Visa partners NovoPayment on B2B transactions in Latin America and the Caribbean

Visa (NYSE:V) has announced a partnership with NovoPayment, a leading enabler of digital financial and transactional services, to facilitate the implementation of payment solutions for Business to Business (B2B) transactions in Latin America and the Caribbean.

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Worldpay expands into Turkey

Worldpay, a global leader in payments, has partnered with iyzico, the fastest growing payments provider in Eastern Europe and Turkey, to extend its payment services into Turkey.

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Fime scores UnionPay International qualification

FIME has achieved UnionPay International (UPI) qualification for its Savvi Test Platform. With over 160 countries outside of China currently accepting UnionPay, acquirers overseas can now receive local consultancy, testing and certification support from FIME.

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Petal raises $13m for credit card aimed at people without credit history

Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $13 million in a Series A funding round led by Peter Thiel's Valar Ventures.