Cards

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Natwest installs card recycling machines

/sustainable

Natwest installs card recycling machines

Natwest is installing 'reverse vending machines' where people can recycle their old credit and debit cards.

White House to cap credit card late payment fees

/regulation

White House to cap credit card late payment fees

The Biden administration is taking aim at credit card late payment fees in a move that it says could save Americans $9 billion a year.

/payments

American Express debuts cash flow management hub

American Express (NYSE: AXP) today announced the launch of American Express Business Blueprint™, the company’s new digital cash flow management hub designed exclusively for small businesses, which features cash flow insights, digital financial products, and an easy way to reach and manage their Business Cards.

/payments

Paymentology integrates with 10x

Paymentology, the world’s first truly global issuer-processor, has joined forces with cloud-native core banking platform 10x to provide pre-integrated credit and debit card issuing and processing.

/people

Enfuce makes raft of senior appointments

Enfuce, the European card issuing and processing powerhouse, has bolstered its management team with pivotal senior appointments as it gears up for further rapid expansion in 2023.

/people

Lloyds Bank appoints new MD for merchant services from Afterpay

Lloyds Bank Business & Commercial Banking has appointed Melinda Roylett as Managing Director, Merchant Services.

Cybercriminals can now block contactless payments

/security

Cybercriminals can now block contactless payments

Prilex, a malware that was used originally to infect ATM’s and then evolved to Point-of-Sales machines has been found by Kaspersky to have modifications which now allow it to block a consumer's ability to make contactless payments, forcing them to put their cards in the machine in a bid to steal Pin codes.

Marqeta makes first acquisition, buys Power Finance for $275 million

/payments

Marqeta makes first acquisition, buys Power Finance for $275 million

Card issuing fintech Marqeta is to acquire credit card programme management platform Power Finance for $275 million in cash.

/payments

Cash Plus joins with Mastercard to issue international e-card in Morocco

Mastercard has partnered with Cash Plus to launch the first international e-card in the Moroccan fintech industry.

/payments

Worldline extends card processing deal with ING

Worldline, a global leader in payments services, announces the extension of a partnership with ING Bank N.V., the Dutch international bank.

Marqeta appoints Simon Khalaf as CEO

/people

Marqeta appoints Simon Khalaf as CEO

Marqeta has tapped technology executive, Simon Khalaf, as its new CEO, effective January 31st.

/payments

Mastercard and ZoodPay to launch virtual installment card across EEMEA

ZoodPay, a leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered into a strategic partnership with Mastercard to launch the first-of-its-kind prepaid virtual installment card in the Eastern Europe, Middle East, and Africa (EEMEA) region.

/payments

XPAY selects Finastra to support expansion of services

Finastra today announced that XPAY, an embedded finance provider offering branded Mastercard card programs with loyalty components, has selected Finastra, a global provider of financial software applications and marketplaces, to support its ambitious growth plans.

/startups

Visa to support Italian startup ecosystem in partnership with Fintech District

Visa has signed a partnership with Fintech District, an international community of reference for the Italian fintech scene, with the aim of contributing to the evolution of the fintech ecosystem in Italy and fostering innovation and developing the next generation of payment solutions that improve the lives of consumers, businesses and communities.

/crypto

Bitfinex becomes first customer for Tap Global Cards-as-a-Service platform

Tap Global Group Plc (AQSE: TAP), the regulated crypto app bridging the gap between traditional finance and blockchain technology, is pleased to announce the launch of its CaaS ‘Cards as a Service’ B2B product (the “Product”) with leading global cryptocurrency exchange Bitfinex as the first client for this new service.

Big US banks prep mobile wallet to take on Apple

/payments

Big US banks prep mobile wallet to take on Apple

America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall Street Journal.

/people

Lloyds Bank poaches Maria Shaw from Barclaycard to head up card sales

Lloyds Bank Corporate & Institutional Banking has continued to strengthen its Transaction Banking Solutions team with the appointment of Maria Shaw, as Managing Director, Head of Card Payments.

Capital One cuts 1100 'agile' tech jobs

/people

Capital One cuts 1100 'agile' tech jobs

Capital One has axed more than 1100 technology positions as the credit card firm eliminates its "agile" job family.

Marqeta builds web push provisioning product for mobile wallets

/payments

Marqeta builds web push provisioning product for mobile wallets

Open API card issuing and processing platform Marqeta has unveiled a web push provisioning product that helps merchants accept payments from mobile wallets without requiring their customers to download an app.

/payments

Mastercard scores exclusive deal for Citizens' card portfolio

Mastercard and Citizens today announced an expanded partnership, making Mastercard the exclusive payments network across Citizens’ credit, debit and commercial portfolios, as well as services provider in the U.S.

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