CardX raises $2m in debt financing
The fintech helps businesses avoid credit card transaction fees.
Cards
CaixaBank to release biodegradable cards
The bank will roll out150,000 of the cards each year.
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
JCB acceptance expands to UK and Ireland
The Japanese card issuer has partnered with EVO Payments.
Secured cards: public relations ploy or financial health builder?
They can be a critical tool for financially vulnerable people.
Amex to acquire digital payment automation platform Acompay
The deal should close later this year.
Paysend raises £8.5m for global roll-out
The fintech also launched its own digital currency, Pays XDR.
Volt bank chooses FIS for mobile and card payments services
FIS will provide it with processing services for Volt’s credit card and mobile payments.
First JCB card issued in India with NPCI partnership
The new card is designed to serve outbound Indian travellers.
Let’s work together
Bank-fintech collaboration should take priority on this year’s Sibos agenda.
MoneyLion roars with $160m funding
The company will have raised over $200 million in equity financing.
soCash raises $6m in Series B
The round was led by Glory Ltd, SC Ventures and Vertex Ventures to expand their footprint.
Mambu signs first Brazilian client Acesso
Acesso issues prepaid cards for the underbanked.
Lloyds Bank picks Optal for smooth B2B payments
The bank’s commercial clients will be able to pay suppliers more easily.
PayTech Awards 2019 winners announced!
Celebrating excellence and innovation in the payments industry and people who make it happen.
Curve raises $55m in Series B round
The start-up is now among the top five UK consumer fintechs.
NetSuite supports GoCardless in global expansion
The platform helps to cut the complexities of international operations.
InComm makes third-acquisition this year with purchase of Meridian Loyalty
The amount of the acquisition was undisclosed.
Canada’s PaymentsMB taps Cardstream for European expansion
Cardstream will link up with acquirers and suppliers.
JCB and Interac Corp agree Canadian ATM deal
JCB cardholders can withdraw cash at machines throughout Canada.
DocuSign picks GoCardless to drive European growth
The move offers subscription payment alternatives to cards and PayPal.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Visa and PayPal’s new deal
While the US service is powered via a partnership with JPMorgan Chase, PayPal’s Instant Transfer in Canada is powered by Visa’s push payments system, Visa Direct.
UnionPay expands into Italy with Banca Sella deal
Greater acceptance will help merchants meet the needs of Chinese tourists.
Ask the expert: your questions on growing the business answered
How can I better understand and navigate the complexity of the financial services market?
ConnexPay raises $7m Series A round
The travel payment start-up will use the funds to continue developing its tech.
Bank of Ireland UK sells credit card portfolio for £530m
Jaja will become the consumer credit card issuer for the bank and the AA.
SIA deploys new POS terminal network in Greece supermarkets
Market In will accept contactless payments.
Open hits $50m funding for SME banking
The Indian fintech will use the funds to scale up the team.
Three old-school self-service strategies to ditch – and what to do instead
The ATM is the only channel that provides cash access anytime, anywhere. Take advantage of its huge potential!
Lloyds first to launch open banking app for credit cards and savings
The banking group has also added a secure 24-hour messaging service.
Chip Mong Bank picks Compass Plus to support Cambodia launch
Compass Plus provides an ATM cash-by-code service.
CallVU teams up with Banca Transilvania to boost mobile banking
It will give customers card control to block transactions or modify transaction limits.
Crypterium launches prepaid card
The Crypterium Card is loaded with cryptocurrencies and functions just like a traditional prepaid card.
Brex raises $100m to reach $2.6bn valuation
In an extension to a Series C round launched in October.
FCA reveals new rules to protect BNPL consumers
Companies will no longer be able to charge interest on money repaid within offer period.
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Mastercard announces next generation fintech accelerator
Accelerate 2.0 includes Global Reach service.
Isbank partners Yandex.Checkout to support trade between Turkey and Russia
Turkish bank will reach more than 150 million extra clients.
