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/payments

UAE-based expense management firm Pluto raises $4.1 million

Pluto, UAE’s leading corporate card and expense management platform, has announced the successful raise of US$4.1 million in a pre-Series A funding round.

/payments

Ally Financial sells credit card business to CardWorks

Ally Financial Inc. (NYSE: ALLY) and CardWorks, Inc. today announced that they have entered into a definitive agreement for CardWorks, and its wholly-owned bank subsidiary, Merrick Bank, to acquire Ally's credit card business, including a portfolio of $2.3 billion in credit card receivables with 1.3 million active cardholders as of Dec. 31, 2024.

/security

Idemia launches new smartphone enrollment for biometric payment cards

As card issuers strive to provide their customers with more convenient, high-security payment options, biometric payment card technology continues to advance.

FCA to remove £100 contactless limit

/regulation

FCA to remove £100 contactless limit

The UK Financial Conduct Authority is planning to remove the £100 contactless limit and implement an open finance regime tackling SME financing.

/payments

Trading212 expands into Europe with support from Marqeta

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is powering Trading 212’s launch into 20 countries in continental Europe.

/startups

Aslan secures $5m for employee pay platform

Aslan, the next-generation financial wellbeing solution, today announces its oversubscribed $5m (£3.9m) seed funding round.

Highnote raises $90m; expands into merchant acquiring

/payments

Highnote raises $90m; expands into merchant acquiring

Card issuance and programme management platform Highnote is moving into US merchant acquiring after raising $90 million in Series B funding.

/payments

Mastercard takes on Pakistan's cash on delivery culture in collaboration with FoodPanda

Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digital payment in Pakistan and support the nation’s transition toward a cashless economy.

/payments

Bunq debuts Mastercard benefits for European SMEs

bunq, the second-largest neobank in Europe, announce their expanded collaboration with Mastercard, as the challenger bank introduces a range of benefits for its small business (SME) users across Europe.

/payments

JCB grows UK acceptance in collaboration with Dojo

JCB, Japan’s only international payment brand, and DOJO, a London-based payment technology provider, today announced a strategic partnership to enhance JCB’s card acceptance across London and the rest of the UK.

Barclays and Synchrony Financial in the running to take over Apple's credit card business

/payments

Barclays and Synchrony Financial in the running to take over Apple's credit card business

Apple is reportedly in talks with Barclays to replace Goldman Sachs as its credit card issuer.

Mastercard to pay $26 million to settle gender and race bias class action suit

/people

Mastercard to pay $26 million to settle gender and race bias class action suit

Mastercard is to pay $26 million to settle accusations that for years it underpaid famale, black and hispanic employees.

/payments

Bluefin integrates with Visa Platform Connect

Bluefin, the integrated payments pioneer in PCI-validated Point-to-Point (P2PE) encryption and tokenization services that protect payments and sensitive data, today announced the integration of their international payment gateway to Visa Platform Connect.

/people

InterPayments appoints former Discover Financial CEO and president, Roger Hochschild, to board

InterPayments, the leader in compliant managed surcharge solutions, today announced the appointment of former CEO and president of Discover Financial Services (NYSE: DFS), Roger Hochschild, to its board of directors.

/payments

Worldline extends long-term issuing deal with KBC

Worldline [Euronext: WLN], a global leader in payment services, has announced a long-term extension of its existing partnership with KBC/CBC, one of the leading financial groups in Europe.

/payments

Brex secures $235 credit facility from Citi and TPG Angelo Gordon

Brex, the modern corporate card and spend management platform for startups and enterprises, today announced the closing of a two-year, $235 million revolving credit facility.

Goldman Sachs invests in Canadian fintech Float Financial

/retail

Goldman Sachs invests in Canadian fintech Float Financial

Goldman Sachs has led a C$70 million Series B funding round for Canadian business finance platform Float Financial.

UK Open Banking API Performance 2023-2024

/Cards

UK Open Banking API Performance 2023-2024

487 downloads

/payments

Transcard moves into Canada

Transcard, a global leader in payments technology, is pleased to announce its expansion into the Canadian market.

European Court of Auditors flags concerns over EU price interventions in card market

/regulation

European Court of Auditors flags concerns over EU price interventions in card market

The European Court of Auditors has raised concerns over how the EU goes about price interventions in the card market and its approach to open banking data sharing.

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