Latest Cards News: Finextra Research

Company update/payments

Clowd9 receives Visa certification

CLOWD9, the world’s first cloud native and decentralized payments processing platform, has secured certification from Visa as an issuer processor.

22 November 2022

Company update/payments

American Express pilots application for consumers to apply for card without damaging credit score

American Express (NYSE: AXP) today announced that it is piloting a new application experience for its U.S. Personal Cards to help consumers apply with confidence, especially those who are unsure if they’ll qualify for a Card.

21 November 2022

News/payments

Lloyds trials personalised monthly limits on gambling spend

Lloyds Bank is trialling a feature which enables customers to set a limit on how much they can spend each month on gambling using their debit card.

21 November 2022

News/people

Visa names Ryan McInerney as incoming CEO

Visa has announced that current president, Ryan McInerney, will be appointed CEO of the banking giant effective from the 1st of February, 2023.

18 November 2022

News/payments

Visa brings face payments and animated digital cards to World Cup

Visa is using the upcoming Fifa World Cup to show off some of its new technology, including face payments and instantly-issued prepaid cards with animated art.

18 November 2022

Company update/payments

Pomelo taps Galileo for new 'remit now, pay later' card

Galileo Financial Technologies, LLC, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), announced today that its API-enabled financial technology powers Pomelo, a new charge card that allows families in the U.S. to build and extend their credit access abroad without incurring expensive remittance fees.

17 November 2022

News/startups

Tap to Pay startup Dapio goes live in the UK

Dapio, a London-based pay-tech turning Android smartphones into card readers without extra hardware, has launched its Tap to Pay app for small businesses and sellers across the UK.

17 November 2022

News/startups

Former PayPal CEO Harris shuts down latest startup weeks after launch

Nirvana Money, a fintech startup founded by former PayPal and Intuit CEO Bill Harris, has shut down less than a month after its launch.

17 November 2022

News/payments

Square partners AmEx on credit card for sellers

Square is joining forces with American Express to launch a credit card built specifically for Square sellers.

16 November 2022

Company update/payments

Mastercard and Treezor Expand Strategic Partnership

Treezor, a subsidiary of Societe Generale group and leader in Banking as a Service in France, and Mastercard announced an extended partnership today.

16 November 2022

Company update/payments

Wise introduces cashback on business accounts

Wise Business, the business account for going global, has today launched cashback for its customers.

16 November 2022

Company update/payments

Bank of the West partners Extend for virtual card distribution and management

Extend, a leading virtual card and spend management platform, today announced a collaboration with Bank of the West, which has more than 600 branches and Commercial Banking Offices across the Midwest and Western United States.

15 November 2022

Company update/security

Australian fraud rate dips

Data released today by the industry self-regulatory body Australian Payments Network (AusPayNet) showed the fraud rate in the 12 months to 30 June 2022 (FY22) was 54.7 cents per $1,000 spent, down from 57.8 cents the previous year.

15 November 2022

News/payments

RBC partners Visa to offer cardholders BNPL option

Royal Bank of Canada is the latest lender to tap into Visa's BNPL technology to offer its credit cardholders the option of paying for purchases in instalments.

14 November 2022

Company update/payments

DivideBuy plugs in to Acquired.com

DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which DivideBuy’s merchants will be able to leverage smart automated tools designed to eliminate the rate of failed transactions, boost approval rates and offer vastly smoother payment experiences for customers.

14 November 2022

Company update/inclusion

Spenn and Mastercard team up to boost financial inclusion in Africa

Spenn and Mastercard have today announced a strategic partnership that will enable Spenn Mobile Wallet users – even those without bank accounts - to make safe and seamless digital payments on the Mastercard network including international e-commerce transactions.

11 November 2022

Company update/payments

Association of Military Banks of America launches 'Patriot Card'

Today, the Association of Military Banks of America (AMBA), the nation’s only military bank trade association, in partnership with MOCA Financial, the leader in advanced digital accounts and payment processing, launched The Patriot Card, a state-of-the-art debit card designed to provide our Veterans a safe, flexible, and reliable way to receive, spend, and save their government benefits.

11 November 2022

Company update/payments