Looking to drum up support in the SME market, Bank of Queensland is to distribute Square card-reading devices and $1000 in free processing to all new small business customers.
ATM network operator Link has pulled back from a plan for a progressive ramping up of interchange fees after outrage from consumer groups over an apparent acceleration in ATM closures across the UK.
London's PPRO Group has received a $50 million boost in a funding round led by PayPal, with participation from Citi Ventures and return investor HPE Growth Capital.
Mastercard is looking to put its Vocalink assets to work, partnering Worldpay to push the 'Pay by Bank' app that lets British online shoppers bypass the card giant's own network.
Mastercard has followed Visa in suffering an intermittent outage that caused some card payments to be denied overnight.
Paidy, a Japanese startup that helps people make online purchases without a credit card, has raised $55 million in a Series C funding round led by Itochu Corporation and joined by Goldman Sachs.
Nordic bank Handelsbanken is entering the wearable payments market, trialling a micro contactless card that can be put into a wristband, bracelet, watch strap or keyring.
Monaco, the startup behind a cryptocurrency Visa debit card, has rebranded after forking out millions of dollars on the Crypto.com domain name.
Mastercard is forecasting a bright future for biometric technology, as new rules on strong customer authentication under PSD2 come into force across Europe.
Consumer champion Which? is calling for regulatory intervention to halt the closure of cash machines across the UK as banks and convenience stores re-assess the commercial viability of their networks under a new charging model which takes effect next week.
© Finextra Research 2018