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Revolut slashes fraud with disposable virtual cards

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Revolut slashes fraud with disposable virtual cards

Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction in card fraud cases.

CYBG syncs B cards with Paypal

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CYBG syncs B cards with Paypal

Customers of B, the mobile banking app from Clydesdale and Yorkshire Bank (CYBG), will soon be able to link their debit and credit cards to their PayPal account.

Automated debt management app Tally raises $25m

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Automated debt management app Tally raises $25m

Tally, an automated credit card debt management app, has raised $25 million in a Series B funding round led by Silicon Valley VC Kleiner Perkins.

Bank hacked twice in a year, sues insurer

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Bank hacked twice in a year, sues insurer

The National Bank of Blacksburg is suing an insurance firm over payouts related to two phishing attacks in the space of a few months which saw crooks steal more than $2.4 million.

UK payments regulator to probe card acquiring market

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UK payments regulator to probe card acquiring market

The UK's Payments Systems Regulator is to conduct a market review into the card acquiring market in the wake of retail industry complaints about spiraling fees and ineffective competition.

Worldpay runs PoC for 'Drone Pay' technology

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Worldpay runs PoC for 'Drone Pay' technology

Worldpay is investigating the use of drone technology and 'contactless doormats' to combat the growing issue of parcel fraud.

Competition watchdog takes aim at Experian Clearscore merger

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Competition watchdog takes aim at Experian Clearscore merger

The UK's competition watchdog has ruled that Experian's £275 million deal to buy fellow credit card data provider Clearscore could reduce competition in the market.

Starling Bank flips the debit card on its head

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Starling Bank flips the debit card on its head

Starling Bank is working to upend the payments card, flipping the card to a vertical axis and doing away with embossed numbering in an effort to more accurately reflect the way people interact with plastic at ATMs and checkout counters.

Cambridge rolls out contactless giving points for homeless charity

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Cambridge rolls out contactless giving points for homeless charity

Cambridge City Council has installed contactless 'giving points', enabling people to tap their card or phone to make donations to a charitable fund for rough sleepers.

Bank of Queensland to hand out free Square card readers at branches

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Bank of Queensland to hand out free Square card readers at branches

Looking to drum up support in the SME market, Bank of Queensland is to distribute Square card-reading devices and $1000 in free processing to all new small business customers.

Link revises ATM fee plans as usage falls

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Link revises ATM fee plans as usage falls

ATM network operator Link has pulled back from a plan for a progressive ramping up of interchange fees after outrage from consumer groups over an apparent acceleration in ATM closures across the UK.

PayPal and Citi Ventures participate in $50 million PPRO funding round

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PayPal and Citi Ventures participate in $50 million PPRO funding round

London's PPRO Group has received a $50 million boost in a funding round led by PayPal, with participation from Citi Ventures and return investor HPE Growth Capital.

Mastercard enlists Worldpay to push Vocalink's Pay by Bank app

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Mastercard enlists Worldpay to push Vocalink's Pay by Bank app

Mastercard is looking to put its Vocalink assets to work, partnering Worldpay to push the 'Pay by Bank' app that lets British online shoppers bypass the card giant's own network.

Anything Visa can do...Mastercard takes time out

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Anything Visa can do...Mastercard takes time out

Mastercard has followed Visa in suffering an intermittent outage that caused some card payments to be denied overnight.

Japan's Paidy raises $55m for credit card-free online shopping service

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Japan's Paidy raises $55m for credit card-free online shopping service

Paidy, a Japanese startup that helps people make online purchases without a credit card, has raised $55 million in a Series C funding round led by Itochu Corporation and joined by Goldman Sachs.

Handelsbanken trials micro contactless cards

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Handelsbanken trials micro contactless cards

Nordic bank Handelsbanken is entering the wearable payments market, trialling a micro contactless card that can be put into a wristband, bracelet, watch strap or keyring.

Cryptocurrency Visa card startup buys Crypto.com domain

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Cryptocurrency Visa card startup buys Crypto.com domain

Monaco, the startup behind a cryptocurrency Visa debit card, has rebranded after forking out millions of dollars on the Crypto.com domain name.

Mastercard: Biometric payments to take centre stage under PSD2

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Mastercard: Biometric payments to take centre stage under PSD2

Mastercard is forecasting a bright future for biometric technology, as new rules on strong customer authentication under PSD2 come into force across Europe.

Cash machine fee row heats up

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Cash machine fee row heats up

Consumer champion Which? is calling for regulatory intervention to halt the closure of cash machines across the UK as banks and convenience stores re-assess the commercial viability of their networks under a new charging model which takes effect next week.

Visa and Mastercard near $6.5bn interchange settlement - WSJ

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Visa and Mastercard near $6.5bn interchange settlement - WSJ

Visa, Mastercard and some of America's biggest banks look set to pay merchants around $6.5 billion to settle a long-running battle over interchange fees, according to the Wall Street Journal.

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