Nabil Bank outsources card paytech to Compass Plus
Nepal-based Nabil Bank has migrated its card processing business to Compass Plus’ processing centre.
Cards
Malauzai to fuel mobile tech for Axiom Bank
Florida’s second-largest community bank is targetting the underbanked.
Invisible payments come to Highbury
WoraPay tests out its order and pay platform as part of the Arsenal Innovation Lab.
Revolut’s a disposable raver for virtual cards
UK start-up plans to combat fraud with disposable virtual cards.
Australian neobank Xinja launches card and app
“This isn’t a finished product, it’s a step in our journey with our customers.”
RBC first Canadian bank to open API developer portal
Royal Bank of Canada is initially offering five API packages.
Affirm introduces in-store capabilities; integrates virtual cards with Apple Pay
Affirm InStore, an alternative to traditional credit cards at brick-and-mortar merchants.
Mobile card control tech vendor Ondot expands to Asia
Ondot Systems’ Mobile Card Services solution is coming to Asia.
Metro Bank in shout out for “walk out trading” service
Will allow businesses to accept debit and credit card payments as soon as account is opened.
BlueOrange Bank deploys Latvia’s first contactless card ATMs
The ATMs are provided by Diebold Nixdorf and installed by BS/2 Latvia.
TransferWise turns to Wirecard for debit card issuing
A full roll-out of the new debit card for TransferWise’s “borderless account” planned for later in 2018.
Ingenico brings touch of glass to PIN payments
Users can insert cards in compact smartcard reader and enter PIN on personal mobile device of merchant.
Banking systems go down at South Africa’s Standard Bank
Bank reported problems with its self-service channels.
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.
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.
