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News/Cards
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10 August 2018
Visa has invested in Israel-based point-of-sale financing provider Behalf, tapping in to a growing trend to provide working capital for small merchants and on-demand purchase financing through the checkout.
08 August 2018
Having banned Visa credit cards at its Foods Co. stores over interchange fees, US retail giant Kroger has warned that it could extend the policy to more locations.
07 August 2018
US authorities have charged three Ukrainians accused of being members of Fin7, a notorious cybergang believed to have hacked into the systems of over 100 American companies, stealing millions of card details from thousands of POS terminals.
03 August 2018
A Russian hacker who caused the collapse of one US company and racked up $4 million in fraudulent spending on fake debit cards has received a six-year jail sentence.
02 August 2018
Italian debit network Bancomat has teamed up with SIA to bring mobile money services to its millions of cardholders.
31 July 2018
Bowing to regulatory demands, Bank Leumi has reached an agreement to sell off its Leumi Card business to Warburg Pincus for $562 million.
30 July 2018
Digital banking startup Revolut is hailing its recent introduction of disposable virtual cards for online purchases, claiming a 30% reduction in card fraud cases.
26 July 2018
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.
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.
25 July 2018
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.
24 July 2018
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 is investigating the use of drone technology and 'contactless doormats' to combat the growing issue of parcel fraud.
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 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 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.
19 July 2018
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.
17 July 2018
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.
16 July 2018
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 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.
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