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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.

PSR to take action against card schemes after 25% hike in fees

/payments

PSR to take action against card schemes after 25% hike in fees

The UK's Payment Systems Regulator is take action against Mastercard and Visa in the wake of steep hikes on card fees by the duopoly.

/payments

Tuum becomes a Mastercard Digital Activity Service Provider

Tuum, a leading next-generation core banking provider, is proud to announce its new status as a Mastercard Digital Activity Service Provider (DASP), enabling seamless integration with Mastercard Digital Enablement Service (MDES).

Google Wallet opened up for least-cost routing in Australia

/payments

Google Wallet opened up for least-cost routing in Australia

Australian Payments Plus (AP+) has worked with Google to roll out eftpos functionality and least-cost routing (LCR) on transactions made via Google Wallet, giving merchants the options to move away from costly card scheme networks.

/payments

Finastra and i2c offer debit card issuance and digital wallet solutions to North American FIs

Finastra, a global provider of financial services software applications, and i2c Inc., a leading provider of banking and payments solutions, today announced a partnership to bring payment issuance solutions to North American banks and credit unions.

Flex raises $25m to build all-in-one business and personal financial management platform

/startups

Flex raises $25m to build all-in-one business and personal financial management platform

Flex, a fintech that helps business owners automate their back offices, has raised $25 million in an equity round led by Titanium Ventures.

/payments

Skipify joins forces with Discover

Skipify, a leading financial technology company redefining the checkout experience, today announced its partnership with Discover® Global Network, a leading global payment network connecting millions of merchants and cardholders across more than 200 countries and territories worldwide.

/payments

Mastercard to support launch of Mashreq digital bank in Pakistan

Mastercard has signed a multi-year strategic agreement with Mashreq to support its launch as a digital bank in Pakistan.

/payments

Visa releases Tap to Add Card in Kuwait

Visa (NYSE: V) today announced the launch of Tap to Add Card in Kuwait marking a significant advancement in digital wallet provisioning.

/payments

Emerchantpay expands LatAm footprint

emerchantpay, a leading global payment service provider and acquirer, is strengthening its presence in Latin America with expanded local acquiring connections and payment methods in Brazil and Mexico.

/people

Ascenda hires jan Wilken as chief product officer

Ascenda, the industry leader in loyalty-as-a-service, today announced the appointment of Jan Wilken as Chief Product Officer.

/security

Chargebacks911 and Prommt unite to fight card fraud

Chargebacks911, a global pioneer in chargeback prevention and management solutions, announced their official partnership with Prommt, a leading innovator in cloud-based, remote payment solutions, providing large enterprises with a comprehensive, end-to-end solution that helps to protect against chargeback fraud and misuse.

/security

Rivero to supply SIX with fraud recovery and dispute management software

SaaS provider Rivero today announced that it will provide its fraud recovery and dispute management platform, Amiko, to SIX and its partner banks.

Ramp valuation hits $13 billion

/wholesale

Ramp valuation hits $13 billion

Finance automation and corporate credit card platform Ramp has hit a $13 billion valuation after investors purchased $150 million in secondaries from employees and early backers.

/payments

MTN Uganda launches virtual payment card

MTN Mobile Money (U) Limited, in partnership with Mastercard, Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.

Visa records spike in Tap to Phone uptake

/payments

Visa records spike in Tap to Phone uptake

Tap to Phone, Visa's technology that turns smart phones into payment terminals, has experienced a 200% increase in usage globally over the past year and a 300% surge among small business owners in the UK.

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