Latest Cards News: Finextra Research

CVV codes lifted in Vision Direct breach

Vision Direct says that the personal details and payment card numbers, expiry dates and CVV codes of thousands of customers have been stolen by criminal hackers.

19 November 2018

News/payments

Visa takes stake in India's BillDesk

Visa has moved to strengthen its position in the fast-growing Indian market, making a minority investment in digital payments platform BillDesk. Terms were not disclosed.

19 November 2018

News/Cards

Russian banks get ready for contactless ATMs; MIR cards go international with Ingenico

A clutch of leading Russian banks are preparing for the introduction of contactless ATMs, enabling users to make withdrawals and conduct currency transactions at the cash point via popular payments apps from Apple, Samsung and Google.

15 November 2018

News/Cards

Former Google Wallet chief raises $100m for payment terminal OS

Poynt, the payment terminal startup founded by former Google Wallet boss Osama Bedier, has raised $100 million in a Series C funding round joined by National Australia Bank and US Bancorp-owned Elavon.

13 November 2018

News/Cards

N26 to offer Mastercard exchange rate with no mark-up in event of no deal Brexit

In an interview with Finextra, N26’s head of international markets Alex Weber reveals that in the event of a no deal Brexit, the German challenger bank will continue to offer the same Mastercard exchange rates as it currently does, despite the potential dissolution of the cross-border payment fee cap.

12 November 2018

News/Cards

American Express wins approval to enter Chinese payment card market

American Express has become the first foreign card scheme to win direct access to China's bank card market after winning approval for a clearing and settlement licence from the country's central bank.

09 November 2018

News/Cards

UK retailers win appeal court ruling over ATM charges

The UK's high street retailers have scored a major victory in a long-running case over the payment of business rates for ATM's installed at their stores.

09 November 2018

News/security

PNC pilots dynamic CVV2 tech to fight card-not-present fraud

PNC Bank's treasury management unit is trialling technology that guards against card-not-present fraud by automatically changing the three digit CVV code on the back of credit cards.

09 November 2018

News/Cards

Intesa Sanpaolo to test fingerprint cards

Intesa Sanpaolo is the latest to try its hand at fingerprint cards in a collaboration with Gemalto and Nordic startup Zwipe.

08 November 2018

News/security

'Almost all' Pakistani banks hit by hackers

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, says the country's Federal Investigation Agency (FIA).

07 November 2018

News/payments

BofE launches cash vs cashless challenge

As part of a new open forum on the future of money, the Bank of England is challenging Brits to see if they can live for a week either using only cash or not using cash at all.

05 November 2018

News/Cards

Mastercard complains to US govt about Indian PM's RuPay promotion

Mastercard has complained to the US government about the behaviour of Indian prime minister Narendra Modi, claiming that he is using nationalism to push the country's domestic payments network, hurting foreign rivals, according to Reuters.

02 November 2018

News/Cards

Anna launches debit card that miaows

As any cat owner will testify, moggies are capable of making humans wither under their judgemental glare. Now, money management startup Anna is tapping into man's deep fear of his feline overlord with a debit card that miaows every time it is used.

02 November 2018

News/security

Hacking scam hits California ATMs

The US National ATM Council is warning cash machine operators of an emerging scam in which criminals re-programme the terminal to dispense notes even when a transaction is denied.

01 November 2018

News/payments

The revolution of money is in the hands of the consumer – a Money 20/20 round-up

For the seventh year running, Money 20/20 put on an impressive show in Las Vegas and welcomed thousands of innovators from the fintech and banking industries to learn about disruption and forge business connections.

01 November 2018

News/startups

South Africa's app-only Bank Zero gets license

Bank Zero, a digital-only South African bank co-founded by former FNB chief executive Michael Jordaan, has begun alpha testing its app after securing a mutual banking license.

01 November 2018

News/Cards

Hitachi and SBI form payments joint venture

Hitachi is moving into the merchant acquiring business, buying a 26% stake in SBI Payment Services in India.

29 October 2018

News/security

British Airways warns another 185,000 cards compromised by data breach

British Airways is warning that another 185,000 customers may have had their payment card details stolen in a data breach.

25 October 2018

News/Cards

Ride-hailing app Grab launches prepaid Mastercard

Southeast Asian ride-hailing app Grab is pushing further into payments through the launch of a prepaid Mastercard card.

25 October 2018

News/security

NAB and Microsoft test facial recognition for ATM withdrawals

National Australia Bank has teamed up with Microsoft on a proof-of-concept that taps AI to let customers make ATM withdrawals using facial recognition and a PIN.

24 October 2018