Latest Cards News: Finextra Research

Binance and Mastercard launch crypto-to-fiat payment card

Binance is to launch a cryptocurrency payment card that enables users to convert their holdings into fiat for transactions at Mastercard terminals worldwide.

25 August 2022

News/regulation

India lifts ban on AmEx issuing new cards

The Reserve Bank of India has lifted a ban on American Express onboarding new card customers in the country after assessing that the US firm is now complying with data storage rules.

24 August 2022

Company update/devops

Capital One Joins Open Source Security Foundation

Capital One joins the Open Source Security Foundation (OpenSSF) as a premier member affirming its commitment to strengthening the open source software supply chain.

24 August 2022

News/security

Fraud spike forces bus company to ban online banks and cut mobile contactless limits

An Essex bus company has banned customers from Monzo and Revolut from using their smartphones to pay for fares and has slashed mobile contactless limits to just £10 following a spike in debit and credit fraud across the network.

24 August 2022

Company update/payments

Digiseq partners with Dutch wearable fashion brand AdornPay

DIGISEQ, the wearable payments tech pioneer, has today announced its partnership with Dutch wearable fashion brand, AdornPay, bringing large-scale wearable payment technology to the Netherlands for the first time.

24 August 2022

News/payments

Faster Payments volumes increase by 23%– UK Finance

A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.

19 August 2022

Company update/payments

Tsys partners Extend

Did you know charge volume on virtual cards is expected to grow from $1.9 trillion to $6.8 trillion by 2026? But perhaps more surprising is that B2B spend will make up 71% of that volume.

18 August 2022

Company update/payments

Enfuce to expand Card-as-a-Service with Mastercard

Enfuce is excited to announce an extended partnership with Mastercard to expand the company’s Card as a Service platform in the Nordics. Through the partnership, Mastercard powers Card as a Service with tokenised multi-currency BINs in the Nordics, enabling Enfuce’s customers to launch and issue their own physical and virtual Mastercard payment cards in just weeks rather than months.

18 August 2022

News/payments

Bank of New Zealand rolls out SoftPOS app

Bank of New Zealand (BNZ) has unveiled BNZ Pay, a mobile app for retailers that transforms an Android device into a contactless payment terminal.

18 August 2022

News/inclusion

Pomelo raises $20m to combine credit and international money transfers

Having secured $20 million in seed funding, Pomelo has launched its credit card that enables families in the US to extend their credit abroad while avoiding remittance fees.

16 August 2022

Company update/payments

WebBank partners AmEx to expand card issuing

WebBank announced today an agreement with American Express to become a card issuer and participant in the American Express network.

16 August 2022

News/crypto

Crypto app Nebeus taps Modulr for card issuing

Nebeus has teamed up with Modulr to add fiat accounts, real-time payments and Visa cards to its crypto app.

16 August 2022

News/predictions

Brazil central bank chief predicts death of credit cards

Brazil’s central bank chief Roberto Campos Neto believes credit cards are on the brink of extinction due to growth in account-to-account based open payments.

15 August 2022

Company update/retail

ReceiptHero Joins Visa Fintech Partner Connect

ReceiptHero today announced that it has joined Visa Fintech Partner Connect—a program designed to help Visa's issuing clients quickly connect with a vetted and curated set of technology providers.

15 August 2022

News/retail

Barclaycard joins BT’s partnership network to support small businesses

Barclaycard Payments has announced its partnership with BT to support microbusinesses in the UK.

12 August 2022

Company update/payments

Visa brings tap to pay to Toronto commuters

Visa today announced that Visa tap to pay will officially arrive on GO Transit, and has launched on the UP Express, making it easier to travel on transit by offering riders a contactless payment option with their Visa credit card or payment-enabled device (e.g. smartphone or smartwatch).

11 August 2022

News/people

Marqeta CEO Gardner steps down

Open API card issuing and processing platform Marqeta is on the hunt for a CEO after founder Jason Gardner decided to make the move to executive chairman.

11 August 2022

Company update/payments

Figure's Banking in a Box platform to introduce issuing processing services via Visa

Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced a new collaboration with Visa to provide issuing processor services via Figure's blockchain-based Banking in a Box platform.

11 August 2022

Company update/crypto

BitPay partners Cardlytics for cash back rewards

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today added a reward program to its BitPay Prepaid Card. Cardlytics (NASDAQ: CDLX), a cash-back rewards platform, is managing the rewards where the BitPay cardholder automatically receives up to 15 percent cash back on purchases every time they use their card at participating retailers.

10 August 2022

Company update/payments

Astra taps Visa to enable faster funding for new accounts

Astra, a leading provider of instant card-to-card funding as a service in the U.S.1, today announced it is using Visa Direct2 – Visa’s real-time3 payments service – to provide fast payments to millions of its end-users who can fund cards, wallets, and other accounts with their eligible debit cards.

09 August 2022