Latest Cards News: Finextra Research

GoDo and Highnote target Americans living paycheck to paycheck

GoDo, a fintech company offering same-day, no-fee advances to wage earners, has partnered with Highnote, the world’s most modern card issuance platform, to create the GoDo Card, a new card program that offers underbanked workers immediate access to interim wages with no-fee advances.

05 April 2022

Company update/payments

PayPal revamps credit card

PayPal (NASDAQ: PYPL), today announced the introduction of the new PayPal Cashback credit card, issued by Synchrony, which gives customers even more cash back when they shop with PayPal.

05 April 2022

News/security

IBM introduces real-time AI for transaction processing

IBM is harnessing the power of real-time AI to help banks analyse for fraud during transactions on a "massive scale".

05 April 2022

Company update/payments

Air Canada to offer buy now, pay later bookings with Visa Installments

As consumer interest in 'Buy Now, Pay Later' (BNPL) continues to grow, Visa announced today its intention to collaborate with Air Canada, the flag carrier and Canada's largest airline, to facilitate the offering of Visa Installment Solution to eligible credit cardholders, giving Canadian travelers more choice and flexibility over how they pay for their airline purchases.

05 April 2022

Company update/sustainable

CarbonPay launches corprorate prepaid card

CarbonPay, a sustainable fintech platform that offers the planet's most impactful payment cards and makes everyday climate action simpler, today announced the launch of its corporate prepaid offering, CarbonPay Business Ctrl.

05 April 2022

Company update/startups

KKR and TDR Capital pay £120 million to take majority control of JaJa Finance

Jaja Finance Ltd (“Jaja”) today announces that it has closed the strategic transaction announced in November 2021, resulting in a consortium led by KKR and TDR Capital LLP becoming the majority shareholders of Jaja.

05 April 2022

News/payments

Worldline completes deal for controlling stake in ANZ's merchant acquiring business

Worldline has closed a A$485 million deal to acquire a controlling stake in the commercial acquiring business of ANZ, Australia’s third largest acquirer which commands a 20% share of the market.

04 April 2022

News/payments

Qred moves into B2B payments; raises €10 million

Swedish credit scoring platform Qred has raised €10 million to support the launch of a new B2B payments platform for small businesses.

04 April 2022

Company update/payments

Amazon extends credit card deal with Chase

Chase today announced a multi-year extension of the co-branded Amazon Prime Rewards Visa Signature credit card.

01 April 2022

News/payments

Visa cardholders score discounts on Covid-19 testing

Visa has announced a partnership with Collinson, a travel experience and medical assistance provider, to deliver a range of discounted pre-travel Covid-19 testing to Visa cardholders.

01 April 2022

News/regulation

UK watchdog takes on card schemes

The UK's Payment Systems Regulator (PSR) has put the card schemes on notice that it is investigating their fees and how to help merchants get better deals, including by promoting the alternative of account-to-account payments.

01 April 2022

Company update/people

Mastercard names Chad Wallace EVP, B2B solutions

Mastercard today announced that Chad Wallace has joined the company’s Global Product and Engineering organization as Executive Vice President of B2B Solutions and a member of the company’s Management Committee.

31 March 2022

Company update/sustainable

DBS Bank India issues 99% recycled green debit card

DBS Bank India has partnered with EaseMyTrip to launch an environment-friendly international debit card made using 99% recycled polyvinyl chloride (PVC) material.

31 March 2022

News/predictions

Apple looks to bring payment processing in-house - Bloomberg

Apple is working to bring a host of financial services work, including payments processing, in-house to reduce its reliance on outside fintech partners, according to Bloomberg.

31 March 2022

Company update/crypto

Crypto.com adds new brands to card rewards programme via Cardlytics

Crypto.com Visa Cards, the world's most popular and most rewarding crypto-card program, will now offer even more rewards through a new partnership with Cardlytics, a cash-back rewards platform with hundreds of brands and retail partners.

31 March 2022

News/startups

Credit card for expats Yonder secures £20 million startup capital

Yonder, a London-based credit card startup catering to expats in the UK, has opened a waitlist for prospective customers after emerging from stealth with a £20 million equity raise.

31 March 2022

News/retail

Cross River scores $620m funding round

Cross River, a US provider of core infrastructure and embedded technology to fintech and crypto companies, has raised $620 million in a round co-led by Eldridge and Andreessen Horowitz.

30 March 2022

News/crypto

Paystand launches business expense card with bitcoin rewards

Blockchain-enabled B2B payments specialist Paystand has unveiled a corporate expense card with native cryptocurrency rewards.

30 March 2022

Company update/payments

Tribe Payments adds Discover to broaden scheme access

Payment technology provider, Tribe Payments, today announced it will integrate the Discover Global Network into its core API-led platform ISAAC.

30 March 2022

Company update/payments

Visa partners i2c for fintech processing in Mena

I2C Inc., a leading provider of digital payment and banking technology, today announced its partnership with Visa, the world's leader in digital payments, as fintech processor in the MENA (Middle East and North Africa) region.

29 March 2022