Latest Cards News: Finextra Research

Capital One fined $80m for massive 2019 hack

Capital One has agreed to a $80 million fine from US regulators over a 2019 hack which exposed the personal information of more than 100 million customers and applicants.

06 August 2020

News/payments

What does Apple's acquisition of Mobeewave mean for banks?

Apple's acquisition of Mobeewave, a Canadian-based startup that allows merchants to use their smartphone as payment terminals by a simple tap of the card, could have serious implications for banks, according Christoffer O. Hernæs, chief technical officer of Norwegian online bank Sbanken,

06 August 2020

News/payments

Splitit secures $71.5m

Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

06 August 2020

News/payments

US mint facing coin shortage

The debate about phasing out hard currency in favour of digital alternatives could be set to intensify with news that the US Mint is facing a shortage of coins due to the pandemic.

30 July 2020

News/wealth

eToro makes acquisition ahead of debit card launch

Online investment platform eToro has furthered its preparations for the launch of its first debit card by acquiring UK-based e-money platform Marq Millions.

29 July 2020

News/people

UK fintech Curve hires ex-PayPal exec as first CFO

PayPal's former finance director has been hired by UK-based card and mobile app provider Curve to act as its first chief financial officer (CFO).

28 July 2020

News/crypto

Mastercard extends cryptocurrency interest

Mastercard is expanding its interst in virtual currencies, approving Wirex as the first native cryptocurrency platform to be granted principal membership, allowing it to directly issue payment cards.

20 July 2020

News/startups

HSBC backs Hong Kong open banking initiative

HSBC has teamed up with Hong Kong Science and Technology Parks Corporation (HKSTP) to help startups drive open banking innovation on the island.

16 July 2020

News/payments

Visa pilots instalment payments

Visa is entering the fast-growing instalment payments arena, working with a host of partners on pilots in the US.

14 July 2020

News/startups

Fintech startup Lanistar raises £15 million

Lanistar, a personal financial management startup founded in 2019, has raised £15 million to support its forthcoming commercial launch in Winter 2020.

13 July 2020

News/payments

Marqeta eyes IPO - Reuters

Unicorn open API card issuing and processing platform Marqeta has begun talking to investment banks about a potential initial public offering, according to Reuters.

10 July 2020

News/people

Railsbank arrives in the US

London-based open banking platform Railsbank has launched in the US, introducing a first-of-its-kind Credit Card as a Service (CCaaS) offering.

10 July 2020

News/payments

Mastercard to issue 'True Name' cards for transgender community

Mastercard is to roll out cards in Europe that enable users to display an alternative to their given name.

09 July 2020

News/payments

Card schemes to take Click to Pay standard global

American Express, Visa, Mastercard and Discover are to roll out the online 'Click to Pay' standard globally, having signed up 10,000 merchants in the US since launch in 2019.

08 July 2020

News/payments

Gambling charity criticises banks' use of card blockers

A gambling awareness charity in the UK has criticised UK banks for failing to properly use technology designed to prevent users from accessing gambling sites via their debit and credit cards.

07 July 2020

News/payments

Mastercard invests in Poland's Verestro

Mastercard has invested in Verestro to support the Polish payment firm's international expansion efforts. The size of the investment was not disclosed.

07 July 2020

News/payments

Eurozone banks to take on Visa and Mastercard with home-grown payments platform

Sixteen major Eurozone banks have come together to start the implementation of a new payment system to take on the might of Visa and Mastercard and the threat posed by Chinese and US Big Tech firms.

02 July 2020

News/regulation

European Commission: Caps on interchange fees have proved their worth

The European Commission says regulations to cap the interchange fees charged to merchants by the global card schemes have had the desired effect of reducing costs to merchants and driving cross-border acquiring.

01 July 2020

News/payments

BNP Paribas to distribute fingerprint cards to Premier and Gold customers

BNP Paribas is to roll out its first batch of contactless fingerprint cards this autumn.

29 June 2020

News/payments

Karat launches credit card for streamers and influencers

A fintech startup targeting creators on digital platforms like YouTube and Twitch has launched its first product, a card that links customers' credit to their social media numbers.

29 June 2020