Cards

3384 articles tagged with this keyword

/payments

Mastercard invests $300m in Corpay cross-border business

Mastercard is paying $300 million for a three per cent stake in the cross-border business of corporate payments outfit Corpay.

/payments

Corporate card firm Pliant snags $40 million in funding

Berlin-based corporate card platform Pliant has raised a $40 million Series B equity round to fuekl its expansion to the US.

/startups

Flex accelerates consumer expansion through Maza acquisition

Flex, a fintech that helps business owners automate their back offices, has acquired Maza a fintech app aimed at Spanish-speakers in a $40 million deal.

/regulation

Discover hit with $1.2 billion restitution order over interchange fees

The Federal Deposit Insurance Corporation (FDIC) has ordered Discover Bank to return more than $1.2 billion to merchants that were overcharged on swipe fees and pay a $150 million civil money penalty.

/payments

Barclays strikes deal with Brookfield to offload payments business

Barclays has entered a strategic partnership with Brookfield Asset Management that will work towards offloading the UK bank's payments acceptance business "over time".

/payments

Global Payments to buy Worldpay for $22.7bn; sell Issuer Solutions to FIS

The payments sector is getting a major shakeup, with Global Payments agreeing a $22.7 billion deal to acquire Worldpay from GTRC and FIS while offloading its Issuer Solutions business to FIS for $13.5 billion.

/regulation

US Judge throws out CFPB's cap on credit card late fees

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

/crypto

Ex-Revolut staffers team with Mastercard to take stablecoins mainstream

Blockchain bank account startup Bleap has joined with Mastercard to launch a non-custodial debit card, making it possible for people to connect stablecoin payments with traditional financial payment rails.

/regulation

Bunq files for US licence

As it reports a 65% surge in full-year profit, Dutch digital bank bunq has stepped up its effort to crack the US, filing for a broker-dealer licence in the country.

/payments

US Bank launches spend management platform for business owners

US Bank has unveiled a spend management platform to help businesses monitor, track, and control their card-based spending.

/crypto

Kraken and Mastercard team on crypto debit cards

Cryptocurrency exchange Kraken is working with Mastercard to allow customers in the UK and Europe to spend their crypto at over 150 million merchants worldwide.

/payments

NatWest invests in Yonder

NatWest has made a minorty investment in rewards credit card startup Yonder.

/payments

Contactless dominates UK spending

A record 94.6% of all eligible in-store card transactions in the UK were made using contactless last year.

/retail

DoJ antitrust officials clear Capital One and Discover merger

The US Department of Justice has cleared the $35 billion merger between Capital One Finance Group and Discover Financial Services.

/regulation

PSR accused of "failure of vision" over light-touch remedies on card scheme fees

The Payment Systems Regulator has set out a series of remedial measures to address the scheme and processing fees imposed on merchant by Visa and Mastercard.

/payments

Visa offers Apple $100 million to ditch Mastercard

Visa has reportedly offered Apple roughly $100 million to take over the tech giant's credit card partnership from Mastercard.

/payments

Mastercard brings embedded virtual card tech to commercial payments

Mastercard is launching a programme designed to bring embedded virtual card technology to commercial payments.

/crypto

Ziglu launches Crypto on Card

Ziglu, the UK-based digital banking and crypto platform, has launched Crypto on Card, a new feature enabling customers to spend their cryptocurrency in real-world transactions using their Ziglu debit card.

/wholesale

PayPal invests in Latin American spend management platform Mendel

Latin American enterprise spend management platform Mendel has raised $35 million in a Series B funding round led by Base10 Partners and joined by PayPal Ventures.

/payments

Debit cards overtake cash at the POS in Switzerland

Debit cards have overtaken cash as the favoured payment method among consumers in Switzerland.