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/payments

NCR buy Midwest POS Solutions

NCR Corporation (NYSE:NCR) announced today it has acquired Midwest POS Solutions Inc., an Indiana- and Kentucky-based technology company serving the restaurant industry for more than 75 years.

/payments

Citi's Commercial Bank taps Kantox for customised paymentstech

Kantox, a leader in FX management and payment solutions for businesses, announced today that it is providing Citi’s Commercial Bank with a seamless user experience for its foreign exchange (FX) clients in the United States through a customized solution that connects directly to Citi’s foreign currency payments platform.

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NatWest trials UK's 'first' biometric credit card

The first biometric fingerprint credit card issued by a UK bank begins its three-month national trial today.

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UK fintech Tide raises £44m in funding

Tide, the leading digital business banking platform[1][1], has today announced it has raised £44.1 million (US$54.3 million) in a first-round of Series B funding.

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Citi bids to woo younger Asian consumers through co-branded card deal with Lazada

Citi is to launch a co-branded credit card with South East Asian e-commerce firm Lazada, as part of a strategy to grow its consumer banking customer base in the region by two million over the next few years.

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Samsung Pay gets international money transfers and virtual debit card

American users of Samsung Pay can now send money overseas and sign up for a virtual Mastercard debit card.

/security

Sberbank reports data leak

Sberbank is announcing a possible personal data leak.

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Brex works with Radius Bank to offer business bank account

Brex, the financial technology company that helps ambitious companies scale, today unveiled a first-of-its-kind business cash management account designed to help companies simplify their financial operations, earn yield on their cash, pay for expenses and grow their business.

/Cards

Former Samsung Pay Europe head joins Curve as COO

UK consumer fintech Curve has hired the former head of Samsung Pay Europe, Nathalie Oestmann, as chief operating officer.

/payments

Equals Group goes live with first SME loan product

Equals Group PLC, the fast-growing e-banking and international payments group, is pleased to announce that its first loan product for SMEs, in partnership with iwoca, is now live.

/security

MasterCard introduces Threat Scan to help banks assess fraud exposure

Mastercard has launched a a service, called Threat Scan, to help banks proactively identify potential vulnerabilities in their authorisation systems.

/startups

'Fintech-as-a-service' platform Rapyd raises $100m

Rapyd, a fintech-as-a-service' platform that enables businesses and consumers to pay or be paid however they choose for local and cross-border e-commerce transactions, has closed a $100 million funding round led by Oak HC/FT and joined by Stripe.

/payments

Worldline completes acquisition of equensWorldline minority stake

Worldline [Euronext: WLN], European leader in the payments and transactional services industry, today announces the completion of the acquisition of the 36.4% minority stake in equensWorldline.

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Revolut ready to go global through new deal with Visa

Revolut is set to double its global footprint, pushing into 24 new markets thanks to a global deal with Visa.

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Sezzle alights on Visa's CyberSource platform for buy now, pay later shopping

Sezzle Inc. (ASX: SZL), the highest consumer-rated interest-free installment payment solution, today announced its solution is newly available to online businesses worldwide through Visa's CyberSource payment management platform.

/payments

'House of Klarna' pop-up store arrives in Manchester

Introducing the “House of Klarna”. Hot on the heels of the news this week that 50,000 new Klarna customers a week are choosing ‘Pay later’ at retailer checkouts, and with over 12 million transactions in the past year alone, Klarna is hitting the high-street again with over 27 of the best retail brands in the UK.

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Euro area card payments double in a decade

The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank.

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AT Kearney: First truly cashless society will be a reality by 2023

A new report by global management consultancy A.T. Kearney has found that the first truly cashless society will be reached in five years, with Sweden predicted to be the first country running solely on digital and card payments.

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Mastercard's Tap on Phone tech makes debut in Latin America

Contactless payments have exploded in popularity worldwide over the past few years. With a fully developed contactless ecosystem, Costa Rica became the first country in Latin America & Caribbean (LAC) to announce the implementation of Tap on Phone, a payment acceptance solution that allows merchants to receive payments from any contactless-enabled card or mobile wallet right on their own NFC-enabled Android device.

/payments

Cashless payments are gaining pace according to Bank of Russia statistics

According to the Bank of Russia's data, cashless transactions (such as payments for goods and services, card-to-card transfers, and transfers to a bank account or a deposit) comprised over 90% of bank card operations of Russian nationals during the first half of this year.