UK regulator turns cash saver with new credit card rules
FCA says new rules will save consumers between £310m and £1.3bn a year in lower interest charges.
Cards
FCA orders Vanquis to repay customers £168m for price disclosure fails
Also hit with fine of £1.97m for not disclosing full price of an add-on product.
Switch unveils Cardsavr API to get cards into e-commerce circulation faster
The “first and only” fintech addressing this credit card management issue for consumers, merchants and FIs.
Mobeewave to power payments for Samsung
Mobeewave to offer an in-person contactless payment acceptance solution on Samsung devices.
Fintech funding round-up: 21 February 2018
Stars Anyfin, CivilisedBank, Greenlight Financial Technology, Even Financial and Wealthsimple.
Neobank Xinja readies for launch with Australian credit licence
Plans for its mobile-only bank in Australia are edging forward.
Degussa Bank finds its Germanic match with API start-up Giromatch
Team up to launch pilot project offering virtual Visa credit card for shopping with Amazon Business.
The best banking and internet payment options
There’s no right or wrong way to purchase anything online.
Stack selects i2c for new mobile payments platform
Toronto-based challenger Stack still in private beta – scheduled to launch publicly early this year.
Tandem launches travel cashback card in UK
Digital challenger bank launches its first product in the country.
CBA blocks credit card purchases of virtual currencies
The Commonwealth Bank of Australia is following in the wake of others.
Visa buys payments firm Fraedom
Fraedom has been a Visa partner for nearly ten years.
TSYS to power JP Morgan’s commercial virtual card issuance
JP Morgan will leverage the Virtual Payment Precept solution from TSYS to broaden its virtual card offering.
Entrust Datacard teams with Gemalto
Identity authentication and secure card issuance company partners with payment card supplier.
Could data masking prevent credit card fraud?
Examining the latest weapon cybercriminals have acquired – data masking.
Revolut ditches Wirecard for in-house card issuing
Revolut will no longer be relying on Wirecard for card issuing.
Blockchain and Bitcoin round-up: 25 January 2018
Starring Coinsilium Group, GMEX Technologies and Vaultbank.
Curve card comes a-calling in UK
An app that connects debit and credit cards to one Curve Mastercard.
Banking tech round-up: 16 January 2018
Featuring Finastra, Cyberport, ME Bank, FIS, FinReach, Deutsche Postbank and Saxo Bank.
Visa pilots new biometric payment card
With Mountain America Credit Union and Bank of Cyprus for a new EMV dual-interface card.
Union Mobile Financial Technology partners with transaction controls specialist Tranwall
Transaction control technology is headed to card and account holders in China, courtesy of UMF and Tranwall.
Thomas Cook and Ferratum launch mobile banking app for holidays, Sumo
The first ever mobile banking app designed for holidays launched in Sweden. UK to follow.
OfferZen and Standard Bank to launch bank account for developers, Root
2018 will see the launch of Root in South Africa, a bank account for developers.
Top ten fintech features in 2017
What a merry time it was for fintech features in 2017.
LienVietPostBank goes live on SmartVista paytech platform
Replacing its legacy Electra System with BPC Banking Technologies’ SmartVista platform.
Supermarket victory sweep for Visa processing fees
Visa has come out victorious after the UK High Court dismissed the case against processing fees made by UK supermarket chain Sainsbury’s.
CYBG in exclusive partnership with Mastercard
Mastercard and Clydesdale and Yorkshire Banks (CYBG) have unveiled a seven-year agreement that allows for all CYBG debit, credit and commercial cards to use the Mastercard network.
Blockchain and Bitcoin round-up: 16 November 2017
Coming straight after yesterday’s (15 November) action, here’s our latest blockchain and Bitcoin round-up. Features Mastercard in a patent place, ING Bank opening up, and another warning from the UK’s Financial Conduct Authority. Let’s start with yet another patent. Mastercard has jumped on the blockchain payments bandwagon by filing “Method and System for Instantaneous Payment […]
Myanmar gets first corporate credit card
A trio of financial organisations have launched the AYA Universal Corporate MPU-JCB co-branded card in Myanmar – the nation’s first corporate credit card targeted for business payment use. Ayeyarwady Bank (AYA Bank), Myanmar Payment Union (MPU) and JCB International (JCBI), the international operations subsidiary of JCB, have teamed up for the new card which has […]
Payments round-up: 9 November 2017
We got a trilogy folks. Following the payments round-ups on 8 November and 7 November, here’s more paytech action. Features PayPal, NCR, Samsung, Scotiabank, Mastercard and Eftpos. It’s been offering cross-border payments in India for a decade, but PayPal has now launched domestic operations in the country as it looks to take on Paytm and […]
Payments round-up: 8 November 2017
Just yesterday (7 November) was a payments round-up, but here’s more action from the lively paytech place. Features Apple, Coinsilium Group, UMT United Mobility Technology, Visa and even the Olympic Winter Games. Apple, which is rarely out of the news, has set up Apple Pay Cash for person-to-person (P2P) payments in Messages. This feature is […]
Finastra gains new digital banking tech project in Libya
Libya-based Bank of Commerce and Development (BCD) has signed for Finastra’s front-end software to launch a new online and mobile banking platform.
Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh
Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).
Visa Direct expands to Europe
Visa has unveiled its European debut of Visa Direct, its real-time payments platform that allows for person-to-person (P2P), business-to-consumer (B2C) and business-to-business (B2B) payments.
Yoma Bank live with new treasury tech from Finastra
Myanmar-based Yoma Bank has implemented a new treasury and capital management (TCM) system, Fusioncapital Opics, supplied by Finastra (formerly Misys).
SelfScore rebrands as Deserve, raises $12m funding
Consumer analytics company SelfScore has rebranded as Deserve.
Fintech start-up Ualá targets Argentina’s unbanked with new mobile banking service
Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.
Mastercard takes blockchain mainstream with API
Mastercard announced it has tested and validated its blockchain and will be opening access to it via a set of three APIs published on the Mastercard Developers website. The APIs include the blockchain core API, the smart contracts API, and the fast pay network API.
Sutton Bank in “old fashioned innovation” with new paytech product launch
Ohio-based Sutton Bank says it has “married old-fashioned wisdom with cutting-edge fintech” for US businesses and their employees. The resulting product is particularly relevant in today’s “gig economy”.
Blockchain and Bitcoin round-up: 12 October 2017
Whether it’s prepaid card time or financial crime, the world of blockchain and Bitcoin is a lively one. This latest round-up features BitFlyer, Visa, Accuity, R3 and SIA. Tokyo-based Bitcoin exchange BitFlyer has unveiled a Visa prepaid card that can be charged with Bitcoin in yen and used throughout Japan. It can be charged via […]
