Cards

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/people

Capital on Tap shuffles executive leadership

In a move marking a new chapter in its growth story, Capital on Tap, one of Europe’s fastest-growing businesses, today announced a strategic leadership transition. Co-founder David Luck is set to embrace the role of Executive Chairman, entrusting the CEO mantle to Damian Brychcy, the company’s Chief Product Officer.

/payments

Intergiro connects with Silverflow

Intergiro, a Swedish fintech provider of payment and banking infrastructure, has announced a new partnership with Silverflow, a cloud platform for global card processing.

/security

EBL to launch 'world-first' biometric metal card

Eastern Bank in Bangladesh is launching what it claims is the world's first biometric metal card for premium customers.

/crypto

Fiat-to-crypto payment gateway Alchemy Pay joins forces with Worldpay

Alchemy Pay, the pioneering fiat-crypto payment gateway, has entered into a strategic partnership with Worldpay, the No.1 global acquirer, to amplify its payment channels and elevate its payment capabilities.

/sustainable

MDP takes Mastercard carbon calcuator to market in Egypt

Mastercard has partnered with MDP to launch the first Carbon Calculator in Egypt, enabling customers to understand and consider the environmental impact of their purchases.

/regulation

US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed

The Office of the Comptroller of the Currency (OCC) today assessed a $15 million civil money penalty against U.S. Bank, National Association, Cincinnati, Ohio, for violations of law relating to the bank’s administration of a prepaid card program to distribute public unemployment insurance benefit payments.

/devops

Changing the future of credit with agile engineering

In this episode of Unplugged, Harry Jell, CTO at Yonder, talks with Andrew Smith from RTGS.global, about building a successful credit card company in today’s financial climate. They discuss the seamless use of merchant data for user rewards, the importance of AWS and Kubernetes for scalability, and explore potential avenues to enrich transaction data.

/payments

Yonder goes live with GoCardless for Variable Recurring Payments

Yonder, the modern rewards credit card, has extended its relationship with GoCardless, the bank payment company, by adding Variable Recurring Payments (VRPs) alongside the Direct Debit functionality it uses already.

/security

Fingerprints supports Thales’s fourth-generation biometric payment card

Fingerprint Cards AB (Fingerprints™) has been deeply involved in the development of the new generation of Thales Gemalto biometric payment card, which is ready for global volume mass deployment.

/payments

JCB commences largest contactless deployment in the UK to date

JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., today announced an extension of its collaboration with global financial technology leader FIS (NYSE: FIS) and its merchant solutions business, Worldpay from FIS, to enable JCB Contactless for its UK merchants in the largest JCB contactless deployment in the UK to date.

/payments

Visa expands Fintech Fast Track programme

Visa is expanding its North America Fintech Fast Track programme beyond card issuance to connect members to its real-time money movement platform.

/payments

Apple, Visa and Mastercard face anti-trust class action lawsuit

Apple, Visa and Mastercard are facing a class action lawsuit over allegations that they conspired to suppress competition in the market for point-of-sale payment card services.

/payments

Futurebank and Paymentology join forces for virtual card issuance

Open banking and Embedded Finance platform, FutureBank, has announced a partnership with leading global issuer-processor, Paymentology, to provide banks and fintechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards.

/security

Visa bids to combat token fraud

Visa (NYSE: V), a global leader in payments, today announced the commercial launch of Visa Provisioning Intelligence (VPI), an AI-based product designed to combat token fraud at its source.

/sustainable

Trust Bank and Thales issue Singapore’s first Ocean Plastic card

Trust launched on 1 September 2022 as Singapore’s first digitally native bank.

/sustainable

Citizens rolls out sustainably manufactured Mastercard debit and ATM cards

Citizens Financial Group, Inc. (NYSE: CFG) today announced the full rollout of Citizens Bank, N.A.’s (“Citizens”) new sustainably manufactured Mastercard Debit and ATM Card, the latest product in a collaborative partnership with its exclusive partner, Mastercard.

/payments

Affirm teams with Blackhawk Network on gift card purchases

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Blackhawk Network (BHN) - the leading distributor of digital gift cards in the U.S. - have partnered to bring consumers even more choice and flexibility for purchasing gift cards.

/payments

UK payments watchdog proposes cap on interchange fees

The Payment Systems Regulator is propsing to cap cross-border interchange fees on credit and debit cards to protect UK businesses from rising costs.

/payments

JCB to begin Phase 2 trials of offline CBDC

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

/payments

Motive acquires controlling stake in Splitit Payments

Private equity firm Motive Partners has acquired a controlling stake in Australian-listed BNPL outfit Splitit Payments.