Barclaycard finds that SCA has had no initial impact on transactions

September 18, 2019 at 11:37AM Early transaction data from Barclaycard following the introduction of Strong Customer Authentication… Barclaycard finds that SCA has had no initial impact on transactions … Selected by FCREG Search Web: Barclaycard finds that SCA has had no initial impact on transactions Continue reading Barclaycard finds that SCA has had no initial impact on transactions

Mastercard issuers in the UK to pay retailers for cashback transactions

September 12, 2019 at 10:48AM Mastercard is rolling out a service which will offer UK retailers a fee for processing cashback tran… Mastercard issuers in the UK to pay retailers for cashback transactions … Selected by FCREG Search Web: Mastercard issuers in the UK to pay retailers for cashback transactions Continue reading Mastercard issuers in the UK to pay retailers for cashback transactions

Tymit launches first app-enabled instalment credit card

December 02, 2019 at 09:28AM Tymit, the London based fintech, has announced the launch of its revolutionary, fee-free instalment Visa credit card. Built to provide a rich, mobile app experience, the new card addresses the lack of transparency and control involved with traditional credit cards. The Tymit card allows customers to plan their spending, see the true total cost of any transaction, and avoid unnecessary interest by… Source Tymit launches first app-enabled instalment credit card … Selected by FCREG Search Web: Tymit launches first app-enabled instalment credit card Continue reading Tymit launches first app-enabled instalment credit card

Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline bookings globally

November 14, 2019 at 01:54PM YeePay is the leading acquirer in China for the airline and travel industry Wirecard will help all YeePay customers in the airline industry to internationalize their business by providing payment services outside of China The potential transaction volume for Wirecard from this collaboration is over EUR 17 billion annually Wirecard, the global innovation leader for digital financial technology… Source Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline bookings globally … Selected by FCREG Search Web: Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline … Continue reading Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline bookings globally

Wirecard announces strategic partnership with HERE Mobility to launch integrated smart mobility solutions

November 11, 2019 at 02:43PM HERE Mobility is the world’s first neutral, open marketplace connecting real-time mobility supply and demand to drive mobility efficiency, with over 2 million vehicles across Europe, Latin America, and the US The companies will collaborate on projects aimed at capitalizing on payment and geolocation services Wirecard sees “Commerce on the Move” as a new megatrend and expects a transaction… Source Wirecard announces strategic partnership with HERE Mobility to launch integrated smart mobility solutions … Selected by FCREG Search Web: Wirecard announces strategic partnership with HERE Mobility to launch integrated smart mobility solutions Continue reading Wirecard announces strategic partnership with HERE Mobility to launch integrated smart mobility solutions

Starling Bank launches euro debit card so business and personal customers can spend in two currencies with one card

October 30, 2019 at 09:01AM Starling Bank, the leading UK digital bank, has made its debit card smarter, giving business and personal customers the power to spend directly in pounds or euros with a single debit card. The dual currency card feature goes live on the same day as Starling launches its Business Euro Account. The new account will help Starling’s 77,000 business customers make transactions across the Eurozone and… Source Starling Bank launches euro debit card so business and personal customers can spend in two currencies with one card … Selected by FCREG Search Web: Starling Bank launches euro … Continue reading Starling Bank launches euro debit card so business and personal customers can spend in two currencies with one card

The Royal Mint unveils first of a kind solid gold payment card

October 11, 2019 at 09:35AM Highly exclusive solid gold payment card developed in association with Mastercard and Accomplish Financial World’s first hallmarked precious metal payment card Fully customisable and extraordinarily unique Account comes with limitless spend, zero FX and no transaction fees First payment card in the world to use source-traceable metals Images available upon request The Royal Mint has today… Source The Royal Mint unveils first of a kind solid gold payment card … Selected by FCREG Search Web: The Royal Mint unveils first of a kind solid gold payment card Continue reading The Royal Mint unveils first of a kind solid gold payment card

Fibank, Mastercard and Garmin Launch an Innovation in Payments

September 26, 2019 at 12:07PM Fibank (First Investment Bank), Mastercard and Garmin launched the long-awaited innovative Garmin Pay watch payment project in Bulgaria. Garmin Pay will allow Fibank customers to digitize their Mastercard payment cards using not only smartphones, but also Garmin watches. The new service will enable users to pay at all contactless POS terminals, as well as perform contactless ATM transactions. Source Fibank, Mastercard and Garmin Launch an Innovation in Payments … Selected by FCREG Search Web: Fibank, Mastercard and Garmin Launch an Innovation in Payments Continue reading Fibank, Mastercard and Garmin Launch an Innovation in Payments

Mastercard, R3 to Launch Cross-Border Blockchain Payments System for Banks

September 13, 2019 at 09:04AM Filipe Castro, Co-Founder, and CIO at UTRUST, the cryptocurrency payment solution offering instant transactions, said, “This partnership demonstrates Mastercard’s intent to leverage blockchain technology to gain a competitive advantage. This is not Mastercard’s first foray into blockchain. Their first implementation with DLT was not in the world of payments but in the verification of the… Source Mastercard, R3 to Launch Cross-Border Blockchain Payments System for Banks … Selected by FCREG Search Web: Mastercard, R3 to Launch Cross-Border Blockchain Payments System for Banks Continue reading Mastercard, R3 to Launch Cross-Border Blockchain Payments System for Banks

Virtual Cards for Business Payments: What’s the Hold Up?

September 10, 2019 at 09:59AM The benefits of virtual cards are numerous and varied, yet their adoption into the corporate world has been slow. Pat Bermingham, CEO of Adflex, asks whether fear of the unknown is holding firms back. From workforce expenses to high value transactions between buyers and suppliers, the market that supports the initiating and acceptance of card-based business payments is big and growing. Source Virtual Cards for Business Payments: What’s the Hold Up? … Selected by FCREG Search Web: Virtual Cards for Business Payments: What’s the Hold Up? Continue reading Virtual Cards for Business Payments: What’s the Hold Up?

Barclaycard partners TouchBistro to power payments for restaurant POS system

August 29, 2019 at 02:44PM Barclaycard, which processes nearly half of the UK’s credit and debit card transactions, has announc… Barclaycard partners TouchBistro to power payments for restaurant POS system … Selected by FCREG Search Web: Barclaycard partners TouchBistro to power payments for restaurant POS system Continue reading Barclaycard partners TouchBistro to power payments for restaurant POS system

Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions

July 15, 2019 at 03:25PM Bank of America has retained its ranking as a top issuer of Visa and Mastercard commercial credit and prepaid solutions in the U.S. The 2018 rankings were published by The Nilson Report, a financial industry publication covering card and mobile payments. Bank of America’s commercial card programs are managed within the Global Transaction Services (GTS) business that develops solutions to address a… Source Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions … Selected by FCREG Search Web: Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions Continue reading Bank of America Is Top U.S. Issuer of Visa® and Mastercard® Commercial Solutions

Lloyds Banking Group introduces new credit card freeze options

July 15, 2019 at 09:51AM Lloyds Banking Group customers now have a greater range of options to control where and how they use their credit card From today customers will be able to access ‘card freeze’ through their mobile app, allowing them to stop their credit card being used in a number of different ways. Flexible and dynamic, Card Freeze lets customers choose which types of transactions are allowed from their mobile… Source Lloyds Banking Group introduces new credit card freeze options … Selected by FCREG Search Web: Lloyds Banking Group introduces new credit card freeze options Continue reading Lloyds Banking Group introduces new credit card freeze options

SIA partners with HPS to strengthen its payment cards activities in Greece

July 10, 2019 at 09:26AM HPS plans to create a dedicated PowerCARD “Centre of Excellence” in Athens to exclusively support SIA in the development of all payment cards initiatives in Greece The strategic partnership will allow SIA to process all the different types of credit, debit and prepaid card transactions for its banks and financial clients on the HPS single integrated platform PowerCARD London, 10 July 2019 – SIA… Source SIA partners with HPS to strengthen its payment cards activities in Greece … Selected by FCREG Search Web: SIA partners with HPS to strengthen its payment cards activities in Greece Continue reading SIA partners with HPS to strengthen its payment cards activities in Greece

Mastercard Further Extends Payment Network with Acquisition of Transfast

July 09, 2019 at 12:00PM Mastercard announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard originally declared the intent to buy Transfast on March 8, 2019. The acquisition builds on Mastercard’s strength in payments and drives improved transparency and certainty in cross-border transactions, enabling people and businesses to send and… Source Mastercard Further Extends Payment Network with Acquisition of Transfast … Selected by FCREG Search Web: Mastercard Further Extends Payment Network with Acquisition of Transfast Continue reading Mastercard Further Extends Payment Network with Acquisition of Transfast

How do card machines work?

May 24, 2019 at 09:03AM Bank cards are ever growing as a method of payment in the UK and it is predicted that by 2026, 60 million card transactions will take place in the UK daily. As fewer and fewer people carry physical cash, cards become more and more responsible for all of the money moving around the economy. But how does it all work? The process of authorising and finalising a card transaction involves a number of… Source How do card machines work? … Selected by FCREG Search Web: How do card machines work? Continue reading How do card machines work?

The Apple Credit Card Idea Has Been Around Since 2004

May 20, 2019 at 11:20PM The idea for an Apple Credit card, which made a splash when it was introduced at the March Apple event, has been around since at least 2004, when Steve Jobs was running the company, according to reports. Former creative director at Apple, Ken Segall, revealed the news in a blog post on Monday (May 20). “The year was 2004, when Apple was a very different company. It had only recently reinvented the music industry with iPod and iTunes, forever changing the way we buy and discover music. Steve thought the time was right for Apple … Continue reading The Apple Credit Card Idea Has Been Around Since 2004

Mastercard Brings AI-Powered Voice Assistants To QSRs

May 16, 2019 at 04:33PM Mastercard announced Thursday (May 16) it inked a partnership with ZIVELO, a self-service kiosk technology company, to enhance the drive-in ordering experience for quick service restaurants (QSRs). In a press release, Mastercard said it marks the first time an artificial intelligence (AI)-powered voice assistant will be used in drive-in- and drive-through ordering. Mastercard and ZIVELO are partnering with Sonic Drive-In, which will be the first to pilot the technology at select Sonic locations around the country. Mastercard said the technology will first be on display at the National Restaurant Association Show being held in Chicago … Continue reading Mastercard Brings AI-Powered Voice Assistants To QSRs

Mastercard Revs Its Payments Innovation Engine

May 16, 2019 at 09:02AM Take a minute and think of the morning rush at a favorite coffee shop. The beverages roll off what amounts to an assembly line before landing on the far counter. Consumers’ names are written in marker on the sides of the cups, with the baristas sometimes exchanging personal greetings with their regular customers. It’s a mix of mass, frenzied activity and personalization. It’s a place where a person can feel lost in a group of like-minded people in need of a caffeine fix, but also where, for one vital moment, an individual’s specific preferences are … Continue reading Mastercard Revs Its Payments Innovation Engine

Ola Launches Credit Card To Further Monetize Its User Base

May 15, 2019 at 06:29PM Indian ride-hailing company Ola is getting into the credit card business, teaming up with SBI Bank in India and Visa to launch a credit card. According to a report in TechCrunch, citing the companies, the plan is to issue as many as 10 million credit cards during the course of the next several years. Visa and SBI will get access to more Indian customers. Its a market that still uses cash but is increasingly adopting digital payments. For Ola, which is the leading ride-hailing service in India, the move presents another way to make money … Continue reading Ola Launches Credit Card To Further Monetize Its User Base

Business Expense Card Company Pleo Raises $56M In Funding Round

May 14, 2019 at 08:25PM Danish FinTech company Pleo, which touts a “business spending platform” that simplifies the expense management process for employees, has raised $56 million in a series B funding round, according to a report by TechCrunch. New York-based growth fund Stripes led the funding round, and Founders, Creandum and Kinnevik also participated. The new round brings the company’s valuation to slightly under $500 million, and the total amount raised so far to $79 million. The company was founded in 2015 by former employees of Tradeshift, Jeppe Rindom and Niccolo Perra. It wants to transform the business expense … Continue reading Business Expense Card Company Pleo Raises $56M In Funding Round

Amadeus Teams With Elavon, Mastercard To Facilitate Flight Payments

May 14, 2019 at 07:05PM Amadeus, the travel technology solutions company, announced Tuesday (May 14) it teamed up with Elavon and Mastercard to facilitate payments for Thai Airways. In a corporate blog post, the company said that despite the fact that travel agencies made $236 billion in payments to airlines in 2017, making and receiving them is still complex and expensive. As a result, the three partnered to create a payments system that benefits both parties involved in the transaction. Dubbed the Amadeus B2B Wallet Partner Pay solution, the solution is already being used to reduce costs and complexity in … Continue reading Amadeus Teams With Elavon, Mastercard To Facilitate Flight Payments

Citigroup Teams With Paytm To Launch Credit Card In India

May 14, 2019 at 05:04PM Citigroup is making a bigger push into India, partnering with Indian digital payments company Paytm to launch a credit card. Reuters reported Tuesday (May 14), the Paytm First Card will give Indian consumers 1 percent cash back on all transactions. For Paytm the new card is aimed at helping it stand out from its digital payment rivals, that are growing seemingly every day. In addition to local players, U.S. tech companies including Google, Amazon, and Walmart are trying to get a piece of the market.  In April Facebook announced WhatsApp Pay is coming to India. … Continue reading Citigroup Teams With Paytm To Launch Credit Card In India

Vision Blue acquires Cardiff-based SamePage

April 15, 2019 at 02:23PM Vision Blue, the regtech for credit and debt recovery sectors, has acquired Cardiff-based fast growth fintech company SamePage Group, provider of loan origination software platforms. Financials details for the transaction remain undisclosed. The acquisition of SamePage by Vision Blue comes after a recent partnership which saw both companies deliver a full lifecycle Loan Origination and Account Management System (LMS) for the Green Deal Finance Company (GDFC). Colin Brown, managing director at Vision Blue says: “Lenders are increasingly transitioning from cumbersome and inflexible legacy lending platforms to newly developed digital cloud-based solutions utilising current technologies and … Continue reading Vision Blue acquires Cardiff-based SamePage

Credit Cards, Auto Loans Drive Better Than Expected Earnings For Wells

April 12, 2019 at 05:49PM Wells Fargo came through with a better than expected earnings report on Friday morning (April 12) before the market opened. Revenue came in at $21.609 billion, ahead of the $21.012 billion forecast, while earnings was $1.20 per share, well above the $1.09 analysts had been expecting pre-release. “Our financial results included continued strong credit performance and high levels of liquidity,” CFO John Shrewsberry said in a statement. “In addition, our continued de-risking of the balance sheet and consistent level of profitability have resulted in capital levels well above our regulatory minimum.” Consumer transactions and auto … Continue reading Credit Cards, Auto Loans Drive Better Than Expected Earnings For Wells

Happy tapping: why it’s time for a more secure solution to contactless fraud

October 08, 2019 at 09:32AM Since their launch in 2007, contactless cards have revolutionised the payment industry. Contactless payments overtook chip-and-PIN as of July 2018, with more than 52% of the UK’s monthly card transactions conducted through a contactless card. Thanks to the ease of tap-and-pay transactions, consumers now expect to pay with contactless not only at big retailers, but also from market stall holders… Source Happy tapping: why it’s time for a more secure solution to contactless fraud … Selected by FCREG Search Web: Happy tapping: why it’s time for a more secure solution to contactless fraud Continue reading Happy tapping: why it’s time for a more secure solution to contactless fraud

Bank of England orders Visa to fix outage issues

March 08, 2019 at 02:59PM The Bank of England is taking supervisory action over Visa Europe’s June 2018 outage, which disrupted its card authorisations system. The Bank of England has required that PwC watches over the implementations As reported last year, Visa disclosed that this incident affected 5.2 million card transactions, almost half of which were in the UK. The bank has now decided to use its statutory powers to direct Visa Europe to implement the recommendations of a review that Visa commissioned to an independent party following the incident, with the scope agreed with both the bank and the … Continue reading Bank of England orders Visa to fix outage issues

Network International Report Identifies Inflection Point for Payment Acceptance in Africa, Enabling New Major Opportunities in the Financial Services Sector

December 02, 2019 at 02:02PM The report details the broad pillars of growth across bank accounts, Point of Sale devices and transactions per card according to Network’s research of nine African markets DUBAI, United Arab Emirates, December 2, 2019/ — Network International (https://www.Network.ae/), the leading enabler of digital commerce across the Middle East and Africa, has published research highlighting the key… Source Network International Report Identifies Inflection Point for Payment Acceptance in Africa, Enabling New Major Opportunities in the Financial Services Sector … Selected by FCREG Search Web: Network International Report Identifies Inflection Point for Payment Acceptance in Africa, Enabling … Continue reading Network International Report Identifies Inflection Point for Payment Acceptance in Africa, Enabling New Major Opportunities in the Financial Services Sector