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Petal raises $35m; spins off B2B unit

/retail

Petal raises $35m; spins off B2B unit

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 $35 million in funding and spun off is B2B-focused subsidiary Prism Data.

/payments

Mastercard opens new data hub in Kuala Lumpur

Mastercard hosted Fahmi Fadzil, Malaysia’s Minister of Communications and Digital, for the opening of its new office and launch of its Data & Services (D&S) Hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.

/payments

Visa invests in TerraPay

TerraPay, a leading global payments infrastructure company, today announces a strategic equity investment from Visa, a world leader in digital payments.

/Cards

Yonder slects Transact Payments for its new rewards-based credit card

Yonder, a modern rewards credit card based in London, has partnered with Transact Payments, experts in cards and payments, for its new rewards-based credit card for young Londoners.

/payments

Velmie adds card module to white label emebedded finance package

Velmie, a Fintech software provider, announced a release of an updated composable white-label solution to build and launch a fintech business in the fastest and easiest way.

/payments

Asda Money and Jaja Finance offer £20 to lure new credit card customers

From today, Asda customers can get £20 added to their Asda Rewards Cashpot if they open a new Asda Money Credit Card or Asda Money Select Credit Card account, provided by digital lender Jaja Finance, on or before 4 July 2023.

/payments

Hanseatic Bank enahances banking app in co-operation with Visa and Snowddrop Solutions

Hanseatic Bank now offers its customers new services in its banking app.

/payments

Phos teams up with Paymix to bring Tap-to-Pay tech to German and EU markets

Phos, the global leader in software point-of-sale (SoftPoS) orchestration for businesses, has partnered with Malta-based company Finance Incorporated to strengthen their Paymix brand and digitise the merchant landscape - bringing contactless card acceptance to any NFC-enabled smartphone or tablet.

/payments

Rêv and Searchlight complete acquisition of Netspend for $1 billion

International payments company Rêv Worldwide (Rêv), in partnership with funds advised by Searchlight Capital Partners, L.P. (Searchlight), today completed its purchase of the Netspend consumer business from Global Payments (NYSE: GPN) in an all-cash transaction valued at $1 billion.

/payments

Ingenico helps merchants build customisable Android payments app

Ingenico, a global leader in payments acceptance solutions, has just announced the launch of its AXIUM Payment Experience (APEX) a revolutionary payments app that aims to take the burden of creating and building a custom payments app off the shoulders of businesses.

DoJ investigates Mastercard debit card programme

/regulation

DoJ investigates Mastercard debit card programme

Mastercard says the Department of Justice is investigating potential anticompetitive behaviour related to its debit card operations.

/payments

Paysend opens Dublin office

Paysend, the UK-based fintech with a rapidly growing market share in card-to-card consumer payments, today announced the opening of an EU office in Dublin to drive its expansion into the European market.

/payments

TapPay enables tap-to-pay on iPhones for Taiwanese merchants

TapPay, which is one of the top 100 fintech companies selected by KPMG, has officially enabled Tap to Pay on iPhone in the TapPay iOS app for merchants in Taiwan.

Amazon Pay rolls out Citi Flex Pay to give credit card users instalment option

/payments

Amazon Pay rolls out Citi Flex Pay to give credit card users instalment option

Citi credit card holders can now pay in instalments when using Amazon Pay during checkout at thousands of online shopping sites.

/payments

ConnexPay launches push-to-card technology with Payouts Network

ConnexPay, the first and only payments technology company that integrates payments acceptance and issuance inside a single platform, announces a partnership with Payouts Network, an industry leader in financial technology.

InComm Payments creates 200 jobs with new Brazilian tech hub

/payments

InComm Payments creates 200 jobs with new Brazilian tech hub

America's InComm Payments is set to create around 200 technology jobs in Brazil through the opening of an IT hub in the city of Fortaleza.

/people

Monica Eaton sssumes CEO title at Chargebacks911 following regulatory intervention

Chargebacks911 and its sister brand Fi911, the global leader in chargeback management technology, announced the formal transition of Monica Eaton to assume title as its Chief Executive Officer (CEO).

/payments

ACI Worldwide and MagicCube to deliver tap-to-pay to mid-size and large retailers

ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments, has teamed up with MagicCube, the creator of i-Accept™, to deliver secure and seamless contactless payments on commercial off-the-shelf (COTS) smartphones and tablets using Tap to Pay—with or without PIN.

/sustainable

ING issues new Australian bank cards made of plastic debris

Reducing, reusing and recycling materials is an important way to tackle climate change, biodiversity loss, waste, and pollution.

/payments

Mastercard collaborates with India's M1xchange to roll out digital invoice discounting for farmers

Mastercard today announced its collaboration with M1xchange to offer a digital invoice discounting solution to farmers, farmer producer organizations (FPOs), and agri-MSMEs through Farm Pass, its cutting-edge agritech platform.

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