The US market: are EU-based challengers coming to rustle up some feathers?
A deep dive and step-by-step comparison of US banks’ and EU challengers’ capabilities.
Cards
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
Contactless usage surges to 88.6% of in-store card transactions
The over-65s were most likely to embrace the technology for the first time.
Corporate credit card start-up Moss raises €21 million in Series A
Moss wants to change the way companies track expenses.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
New York-based Synechron buys Australian payments firm Attra
Attra and Synechron will have a combined workforce of 10,000 employees and annual revenue of $650m.
Three UK fintechs raise over $100m in funding this month
Starling, Curve and GoCardless are raising rounds in excess of $100m.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
BBVA debuts “dynamic CVV” numberless card Aqua
It features a dynamic CVV code in order to provide security for online payments.
TreeCard raises $1m from Ecosia ahead of 2021 launch
TreeCard, set to launch next year, is made of sustainable cherry tree wood.
Ternio becomes Visa’s first crypto enablement partner for debit cards
“This shows Visa’s commitment to onboard other companies which develop crypto.”
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
Global card spend grows 13% in 2019, mostly down to China’s UnionPay
That’s according to a new report by Retail Banking Research (RBR).
Capitec Bank selects HPS PowerCard to power new product launches
The South African Bank aims to “simplify” banking for its customers.
Goldman Sachs to buy General Motors’ credit card portfolio
Goldman reportedly beats Barclays to nab consumer credit pool worth $8.5bn.
French firm Idemia launches green cards for banks
“We’re now trying to change the paradigm to reusable tech,” says Barrot.
AmEx and Amazon launch co-branded credit cards for UK SMEs
The programme targets businesses with less than $10 million in annual revenue.
PayTech Awards 2020 now on YouTube: celebrity host, comedy stand-up, winners and more!
Watch Zoe Lyons perform her stand-up and unveil the winning projects, companies and people of PayTech Awards 2020.
US challenger One launches all-in-one card to serve middle class
One’s debit card offers a mixture of current, savings, and credit services.
UK fintech trio found Cape to tap Australia’s SME credit card market
Australians’ credit card debts fell to a 15-year low in July.
Change Financial to buy Wirecard’s Australian business for $5.7m
In July, the subsidiary went into voluntary administration.
Tesco Bank launches Pay by Bank in partnership with Mastercard
UK bank rolls out new service to 2.6 million customers.
NAB and CommBank race to launch no-interest credit cards
The Australian banks are reacting to the proliferation of buy now, pay later firms.
State Bank of India boosts ATM and POS infrastructure with ACI Worldwide
The two companies have a longstanding partnership on payments.
Visa loses risk head Peter Bayley after 17 years
At Visa, Bayley held a number of roles which steered the firm’s fraud and risk management.
RTP is changing payments fast
RTP is bound to cause swift changes for the customer-facing side and behind the scenes.
2020 PayTech Awards hosted online by Zoe Lyons
Join our celebrity host Zoe Lyons for PayTech Awards 2020! Free broadcast on 10 September – everyone is welcome.
Goldman Sachs & Barclays among bidders for GM’s credit card business
GM’s credit card business has about $3 billion in outstanding balances.
Triodos Bank signs ATM outsourcing contract with Cardtronics
The bank’s Spanish ATMs to be managed by the tech firm.
TransferWise goes global with Mastercard partnership
The two firms extend a deal signed in 2018.
Manzil launches Halal Visa card in partnership with Koho
Canadian firms partner up to debut new card.
Bank of Lithuania calls for parity in EU digitalisation
Lithuanian central bank wants a more unified approach to innovation in the EU.
Mastercard signs debit card deal with First Direct
First Direct becomes fourth UK bank to offer Mastercard debit cards.
Containers and PCI DSS: 10 requirements financial services must follow
These requirements can present a challenge to financial services now leveraging containers.
Bank of Baroda credit card subsidiary picks Fiserv’s FirstVision
FirstVision will be deployed on an outsourced basis.
FreedomPay partners with Barclaycard
FreedomPay activates its Commerce Platform solution for Barclaycard customers.
Zambian mobile wallet Zazu launches virtual card
Zazu pivoted to digital banking in 2017.
