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Nigeria limits ATM withdrawals to boost digital payments

/inclusion

Nigeria limits ATM withdrawals to boost digital payments

The Central Bank of Nigeria has capped daily ATM withdrawals at $45 in order to encourage electronic payments, including the eNaira digital currency.

/payments

BMO taps Extend for virtual corporate cards

BMO and Extend, a virtual card and spend management platform, today announced the addition of a simple and powerful set of payments functionality to BMO Corporate Cards.

/payments

Starling adds virtual cards and updated Spending Insights to money management suite

Starling Bank is introducing virtual cards for Personal Current Account customers and updated its Spending Insights.

AmEx faces Australian lawsuit over card distribution laws

/regulation

AmEx faces Australian lawsuit over card distribution laws

Australia's securities regulator is taking American Express to court, accusing the firm of issuing credit cards without making sure that customers understood them.

/payments

Marqeta integrates with Mastercard Track Instant Pay

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced that it has integrated Mastercard (NYSE: MA) Track Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices.

Thales releases 'Voice Payment Card' for the visually impaired

/payments

Thales releases 'Voice Payment Card' for the visually impaired

Thales has released a 'Voice Payment Card', to help guide visually impaired people as they conduct transactions at the till.

/Cards

Teampay raises $47 million

Teampay, the all-in-one-purchasing platform, today announced it raised $47 million in Series B funding led by existing investor Fin Venture Capital.

G+D’s sustainable cards zero-in on virgin plastics

/sustainable

G+D’s sustainable cards zero-in on virgin plastics

Dr Carsten Wengel, head of global sales and distribution in the card and digital payment business at G+D, spoke to Finextra on sustainable cashless options that are emerging in the financial services sector.

/payments

Cashplus launches business credit card for SMEs

Today, Cashplus Bank, the leading digital SME bank, has announced the launch of next-generation credit card functionality for small businesses and sole traders.

Barclays slapped with £8.4 million interchange fee fine

/regulation

Barclays slapped with £8.4 million interchange fee fine

The Payment Systems Regulator has fined Barclays Bank £10 million for failing to supply retailers with full information about the fees attached to different card services.

TreeCard raises $23 million for wooden debit card

/startups

TreeCard raises $23 million for wooden debit card

TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $23 million in a funding round involving Peter Thiel's Valar Ventures, World Fund and EQT, Seedcamp, Episode 1 and various angels.

/payments

American Express launches B2B payments ecosystem for network issuing and acquiring participants

American Express (NYSE:AXP) today announced Amex Business Link, a new business-to-business (B2B) payments ecosystem for network issuing and acquiring participants to offer to their business customers.

/people

Visa appoints Adeline Kim as country manager for Singapore & Brunei

Visa, the world’s leader in digital payments, is pleased to announce the appointment of Adeline Kim as its new Country Manager for Singapore & Brunei.

/payments

Commerzbank hands over card processing to Nexi

Commerzbank has chosen Nets, part of the European PayTech Nexi Group, to develop a streamlined and scalable solution for processing credit, debit, and prepaid card which will be managed by Nets going forward.

/payments

Cambodia's BIC Bank signs with Compass Plus Technologgies

BIC Bank, one of the fastest-growing commercial banks in Cambodia, has successfully migrated its in-house processing centre to Compass Plus Technologies’ award-winning payments platform, TranzAxis.

New Singapore digital bank Trust selects Thought Machine core

/cloud

New Singapore digital bank Trust selects Thought Machine core

Trust Bank, the Standard Chartered and FairPrice-backed digital challenger that recently launched in Singapore, is running on Thought Machine's cloud-native core platform.

Court dismisses Mastercard appeal against £14 billion class action lawsuit

/payments

Court dismisses Mastercard appeal against £14 billion class action lawsuit

A £14 billion class action lawsuit against Mastercard interchange fees has moved a step closer to trial following a failed last ditch attempt by the card scheme to derail the claim.

BMO introduces credit card instalment plan feature

/payments

BMO introduces credit card instalment plan feature

Bank of Montreal is rolling out a digital credit card instalment plan that lets shoppers split their purchases into interest-free monthly payments.

/payments

Visa becomes exclusive network partner for GoHenry’s cards for kids and teens in the US, UK, and EU

Visa (NYSE: V) today announced a seven-year global partnership with GoHenry, the prepaid card and financial education app for 6-to 18-year-olds. Visa will provide support as the exclusive global network partner for GoHenry’s prepaid cards for kids and teens in the US, UK, and Europe.

/inclusion

Jingle Pay unlocks Mastercard's network of 90 million global merchants for its users

Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide innovative digital payment solutions that will drive financial inclusion.

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