01 October 2016
Business Intelligence: A Tech Revolution for the Evolution in Compliance

Fidor rolls out first debit cards

21 January 2016  |  7169 views  |  0 credit card chip

Digital-only challenger bank Fidor has launched its first physical product in the UK market, a contactless debit card developed with input from its online user community.

Fidor launched its retail banking service in the UK back in September 2015 with a current account, savings bonds service and a Euro money transfer option.

The ‘Fidor TAP Debit MasterCard’ allows customers to withdraw cash worldwide and use contactless payment for their purchases. Customers can lock and unlock the card on request at any point during the day, and retrieve their PIN code through their online Fidor account.

Fidor’s banking model is based around its online community, where users are financially rewarded for giving and receiving financial advice, as well as evaluating and reviewing new financial products and services. Fidor says the new card features, name and pricing structure were all developed with input from customer comments online.

Sophie Guibaud, VP of European expansion at Fidor Bank, comments: “The decision to introduce the Fidor TAP Debit MasterCard was driven by customer demand from our online community. We will continue to introduce new products and features that our customers want, as well as reward those who contribute to building Fidor.”

In Germany, where it was founded, the bank now has 100,000 customers. It has yet to provide details on the number of UK users.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK banking revolution begins as Fidor opens for business

UK banking revolution begins as Fidor opens for business

18 September 2015  |  17153 views  |  1 comments | 58 tweets | 42 linkedin
Web 2.0 bank Fidor to open US outpost; UK launch "in final stages"

Web 2.0 bank Fidor to open US outpost; UK launch "in final stages"

06 January 2015  |  24933 views  |  0 comments | 27 tweets | 12 linkedin
Fidor to use Ripple to speed money transfers

Fidor to use Ripple to speed money transfers

06 May 2014  |  8554 views  |  0 comments | 7 tweets | 7 linkedin
Fidor Bank expands into Russia

Fidor Bank expands into Russia

07 November 2013  |  7429 views  |  0 comments | 12 tweets | 3 linkedin
Digital currency trading platform Kraken inks EU deal with Fidor Bank

Digital currency trading platform Kraken inks EU deal with Fidor Bank

09 October 2013  |  12515 views  |  0 comments | 13 tweets | 5 linkedin
Germany's Fidor Bank to offer retail access to precious metals via GoldMoney

Germany's Fidor Bank to offer retail access to precious metals via GoldMoney

02 February 2011  |  9179 views  |  0 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit capgemini.comVisit VocaLink.com

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11190 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
8089 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7169 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6835 views comments | 13 tweets | 16 linkedin
Distributed ledger technology could damage financial market integration - ECBDistributed ledger technology could damage...
6315 views comments | 15 tweets | 10 linkedin