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Curve prepares for the wallet wars with £37m investment

/payments

Curve prepares for the wallet wars with £37m investment

London-based digital wallet Curve has raised £37 million in a funding round led by Hanaco Ventures.

FCA seeks feedback on scrapping £100 contactless limit

/payments

FCA seeks feedback on scrapping £100 contactless limit

The UK Financial Conduct Authority is inviting feedback on its previously-floated proposal to remove the £100 contactless limit on card payments.

Santander and Amazon introduce Visa card in Austria

/payments

Santander and Amazon introduce Visa card in Austria

Amazon and Santander have launched a Visa credit card in Austria which rewards customers with cashbacks for shopping on Amazon and other sites.

/payments

KCB Bank unveils Kenya’s first platinum multi-currency card with Compass Plus Technologies

KCB Bank, the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya’s first platinum multi-currency prepaid card which will empower its customers with the flexibility and convenience they need to pay for goods and access funds across borders.

Mexican digital bank Plata raises $160m

/retail

Mexican digital bank Plata raises $160m

Less than two years after launching, Mexican digital bank Plata has joined the unicorn club off the back of a $160 million Series A funding round.

Visa says new anti-scam unit thwarted $350 million in attempted fraud

/security

Visa says new anti-scam unit thwarted $350 million in attempted fraud

Visa says that its newly-formed scam disruption practice prevented more than $350 million in attempted fraud in 2024.

/identity

Fime achieves Fido ID verification accreditations

Fime has achieved full FIDO Alliance Identity Verification (IDV) Certification Program accreditation across multiple regions.

HSBC joins $51m funding round for immigrant neobank Zolve

/inclusion

HSBC joins $51m funding round for immigrant neobank Zolve

Zolve, a neobank for immigrants to the US is planning international growth after securing $51 million in a Series B funding round led by Creaegis and joined by HSBC.

/payments

Intuit QuickBooks enables Tap to Pay on iPhone

Today, Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced the availability of Tap to Pay on iPhone for its QuickBooks Online customers in the U.S., enabling small and mid-market businesses to seamlessly and securely accept in-person contactless payments using only an iPhone.

/payments

Klarna launches Gift Card Store in Europe

Today, Klarna, the AI powered global payments network and shopping assistant, has partnered with Blackhawk Network (BHN), a leading global branded payments provider, to expand Klarna’s Gift Card Store in Germany, Italy, and The Netherlands.

/payments

Cardstream connects with Moneris for Canadian market entry

Cardstream Group, UK’s largest independent payment technology provider, and Moneris Solutions Corporation (“Moneris”), a leading Canadian commerce solutions provider, have announced that Moneris will leverage Cardstream’s Payment Facilitation-as-a-Service (“PFaaS”) platform to enable its partners to extend their presence and integrated offerings in the Canadian market.

/payments

Runa enables instant global payouts with Pay to Card tech

Runa, the leading global fintech infrastructure powering next-generation payouts experiences, is redefining how businesses move money with the launch of its new Pay to Card technology.

/payments

Runa rolls out Pay to Card technology

Runa, the leading global fintech infrastructure powering next-generation payouts experiences is redefining how businesses move money with the launch of its new Pay to Card technology.

/payments

Al Etihad Payments and UnionPay International to issue co-badged cards in the UAE

Al Etihad Payments (AEP), a wholly owned subsidiary of the Central Bank of the United Arab Emirates (CBUAE), which operates the UAE’s national card switch (UAESWITCH) and manages domestic card scheme “Jaywan”, and UnionPay International (UPI), a global leader in payment solutions, have signed a strategic agreement to launch co-badge “UnionPay – Jaywan” cards in the UAE market.

Sweden's Riksbank works on offline payments in contingency planning for war outbreak

/payments

Sweden's Riksbank works on offline payments in contingency planning for war outbreak

Sweden's central bank is working to improve the possibility of making offline payments by card to strengthen resilience at a time of geopolitical unease and the advance of Russian troops in Ukraine.

/payments

Spendex selects Marqeta as issuer processor for financial service in Europe

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced that it has become the issuer processor for Spendesk Financial Services (SFS) in Europe, the payment institution powering and fully owned by Spendesk.

Barclays closes in on sale of merchant acquiring business

/payments

Barclays closes in on sale of merchant acquiring business

Barclays Bank is closing in on a deal to offload its merchant acquiring business to Canada's Brookfield Asset Management.

AmEx to buy expense management software provider Center

/payments

AmEx to buy expense management software provider Center

American Express has entered into an agreement to acquire expense management software provider Center. Financial terms were not disclosed.

Revolut and Visa file legal challenges over PSR's plan to cap fees

/payments

Revolut and Visa file legal challenges over PSR's plan to cap fees

Revolut and Visa have filed legal challenges against the Payment Systems Regulator over the UK watchdog's decision to cap interchange fees on cross-border online payments, according to the Financial Times.

/startups

Astrada comes out of stealth with unified API for transaction data

Today, Astrada emerged from stealth to unveil a unified API for transaction data that offers the infrastructure, compliance, and workflows that software companies need to offer bring-your-own-card functionality.

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