Cards

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Mastercard turns phones into contactless payments terminals

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Mastercard turns phones into contactless payments terminals

Mastercard is prepping a pilot that will see small businesses in Poland able to accept contactless payments with only a smartphone.

PayPal rolls out cashback credit card

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PayPal rolls out cashback credit card

PayPal has come up with a novel new weapon to help it take over the high street - an old-fashioned plastic credit card.

Fitbit brings NFC payments to Ionic smartwatch

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Fitbit brings NFC payments to Ionic smartwatch

Fitbit has struck deals Visa, Mastercard and American Express to bring NFC payments to its new Ionic smartwatch.

Ice-cream van goes cone-tactless

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Ice-cream van goes cone-tactless

Barclaycard is aiming to put an end to ice-cream van queue meltdowns through the introduction of a cone-tactless system that lets customers pay with a tap of their card or phone before pouring their own vanilla soft-serve.

Australia blames bitcoin for rise in organised crime

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Australia blames bitcoin for rise in organised crime

The growth of online banking and digital currencies haver been cited as the main causes of a massive rise in organised crime in Australia's financial sector according to the country's criminal intelligence agency.

Mobile contactless spending accelerating in UK

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Mobile contactless spending accelerating in UK

Mobile tap-and-pay spending is accelerating on the high street, spurred by the growing popularity of contactless payments at the point-of-sale, according to new data from Worldpay.

Permission to appeal sought in £14bn Mastercard class action suit

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Permission to appeal sought in £14bn Mastercard class action suit

Walter Merricks, the man spearheading a £14 billion class action lawsuit against Mastercard for overcharging customers, has lodged an appeal against a tribunal's decision to dismiss the claim.

Uneasy sits the crown as cash use continues decline

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Uneasy sits the crown as cash use continues decline

The numbers of people using cash to pay for everyday purchases in the UK declined by 11% over the past year as growth in contactless card use accelerated.

Barclaycard International names former Citi digital payments chief Rodrigues CEO

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Barclaycard International names former Citi digital payments chief Rodrigues CEO

Barclays has appointed Citi digital payments exec Barry Rodrigues chief executive officer of its Barclaycard International unit.

EC sets sights on Visa's inter-regional interchange fees

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EC sets sights on Visa's inter-regional interchange fees

The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.

Square stock rises on bigger deals

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Square stock rises on bigger deals

Shares in payments upstart Square have surged after the company pushed revenues above expectations on the basis of more sales to larger retailers.

NatWest celeberates 50th anniversary of its first ATM with cash rewards

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NatWest celeberates 50th anniversary of its first ATM with cash rewards

NatWest is celebrating the 50th anniversary of its first ATM by doling out £171 to randomly selected customers, the cash equivalent of what £10 would have been worth back in 1967.

Contactless sheds growing pains as tenth anniversary looms

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Contactless sheds growing pains as tenth anniversary looms

With the tenth anniversary of the introduction of contactless cards in the UK fast approaching, Barclaycard is forecasting that tap and pay spending will soar by more than 300% over the next four years as seven-in-ten Brits begin to use the technology more frequently for everyday purchases.

Cards overtake cash for consumer payments in Australia

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Cards overtake cash for consumer payments in Australia

Cards have overtaken cash as the primary method for consumer payments in Australia, according to data released by the country's central bank.

Visa invests in card issuing outfit Marqeta

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Visa invests in card issuing outfit Marqeta

Visa has made a strategic investment in Marqeta as part of a wider multi-year global partnership with the open API card issuing and processing platform.

Wordline acquires First Data Baltics

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Wordline acquires First Data Baltics

European payments processor Worldline is to make its second acquisition in as many weeks, taking over 100% of the share capital of First Data Baltics for EUR73 million in cash.

UK judge blocks £14bn class action suit against Mastercard

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UK judge blocks £14bn class action suit against Mastercard

A Tribunal Court judge has blocked a £14 billion class action lawsuit against Mastercard for overcharging customers, agreeing that the claims were not suitable under the current collective actions regime.

Yet more deals announced in payments sector

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Yet more deals announced in payments sector

Investors' interest in the payments sector continues to intensify with today's news that three of the largest private equity firms in the world have made bids to acquire stakes in payment providers.

PayPal strikes deals with Chase and Citi

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PayPal strikes deals with Chase and Citi

PayPal has strengthened its ties to two of America's biggest banks, forming a comprehensive partnership with JPMorgan Chase and a rewards-focussed deal with Citi.

UK Government to ban "rip off" card surcharges

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UK Government to ban "rip off" card surcharges

The UK Government is to outlaw card surchages applied by retailers and e-commerce operators that penalise customers who choose to pay by debit and credit cards.

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