Blackhawk Network Holdings, a US fintech outfit specialising in prepaid gift cards, has agreed to be acquired by PE firm Silver Lake and hedge fund P2 Capital Partners in an all-cash deal worth around $3.5 billion.
The EU's second Payment Services Directive (PSD2) took effect on Saturday 13 January, bringing with it the start of Open Banking, however the prospect of a sudden revolution is likely to be thwarted by unresolved technical and regulatory issues and a lukewarm reception from consumers.
Petal, a US credit card startup that is ditching traditional credit scores in an effort to sign up young people and the underbanked, has raised $13 million in a Series A funding round led by Peter Thiel's Valar Ventures.
Tranferwise has begun rolling out its borderless bank account and debit card to private customers, enabling users to spend their cash in a choice of up 28 foreign currencies.
Japanese card brand JCB is running trials of a combined biometric palm print and vein identification system which claims a false acceptance rate of only one in one billion transactions.
Sky Betting and Gaming has partnered with Barclays to offer customers a service that will immediately pay out money to their debit cards when withdrawing winnings.
Bank of Cyprus is to issue a biometric EMV card which uses fingerprint recognition instead of a PIN code to authenticate the cardholder.
Australia's Bankwest is inviting customers to join the wearable payment movement as it prepares for the release of a contactless payments ring which enable touch-and-go transactions with a fist pump at the point of sale.
As Finextra pulls the shutters down on 2017, we take a look back at our most popular news stories, videos, and community engagement activities over the course of the past year. The site will re-open for business on 2 January 2018.
Mergers and acquisitions activity in the hot payments space shows no sign of abating as Tsys agrees a $1.05 billion deal to buy out Boston-based merchant acquirer Cayan.
© Finextra Research 2018