17 November 2017
visit www.response.ncr.com

Starling makes first debit card payment

10 October 2016  |  8636 views  |  2 Credit card

UK challenger bank Starling has completed its first live card payments ahead of its launch in January 2017.

Starling is partnering with MasterCard to issue fully functioning contactless debit cards to accompany its mobile banking app. The app will connect what is spent on the card with predictive insights, financial wellness, and money management tools.

Julian Sawyer, COO of Starling Bank, says: "Partnering with Mastercard for our debit card means our customers will be able to use this to complement our full set of banking features - including direct access to Faster Payments, direct debit, and overdrafts - in a secure and convenient way."
Sawyer emphasises that the fledgeling bank is still in the earliest phases of testing its cards, describing the development as a "huge step" for Starling.

"We have the licence, the technology, and now the card," he says. "All that’s left is to bring you the app.”

Comments: (2)

A Finextra member
A Finextra member | 10 October, 2016, 16:48

I wish I could get a finextra story for managing to get a test transaction through my card platform!

2 thumb ups! 2 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 11 October, 2016, 15:36

I'm guessing lot of banks used to make such announcements in the '1950s! But I concede that it's a giant leap for Starling, even if it's only a small step for banking!!

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

MyBnk the beneficiary of Starling prank on Monzo

MyBnk the beneficiary of Starling prank on Monzo

08 September 2016  |  6712 views  |  2 comments | 8 tweets | 1 linkedin
Starling Bank secures banking license; to launch in January 2017

Starling Bank secures banking license; to launch in January 2017

14 July 2016  |  11299 views  |  1 comments | 18 tweets | 13 linkedin
Starling loses another co-founder and CTO

Starling loses another co-founder and CTO

29 June 2016  |  7197 views  |  0 comments | 6 tweets | 8 linkedin
Starling flight plans rocked by executive departures

Starling flight plans rocked by executive departures

24 February 2015  |  9403 views  |  0 comments | 8 tweets | 2 linkedin
Former AIB COO to launch UK digital bank

Former AIB COO to launch UK digital bank

20 November 2014  |  19589 views  |  1 comments | 17 tweets | 14 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.asiapacificwealthreport.comvisit https://www.niceactimize.com

Top topics

Most viewed Most shared
Singapore central bank open sources blockchain prototypesSingapore central bank open sources blockc...
11245 views comments | 15 tweets | 28 linkedin
Digital receipt startup Flux scores game-changing deal with BarclaysDigital receipt startup Flux scores game-c...
9510 views comments | 20 tweets | 36 linkedin
AmEx partners Ripple and Santander for blockchain-enabled cross-border paymentsAmEx partners Ripple and Santander for blo...
8281 views comments | 12 tweets | 35 linkedin
UK cryptocurrency exchange startup launches debit card for spending bitcoinUK cryptocurrency exchange startup launche...
7258 views comments | 26 tweets | 37 linkedin
Visa bids to bring contactless transit payments to the worldVisa bids to bring contactless transit pay...
7133 views comments | 16 tweets | 29 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job