Tagged: credit cards

Mastercard Announces Contactless Limit Raise Across 29 Countries

Mastercard announced on Wednesday it is now offering a contactless limit raise across 29 countries as part of its commitment to enabling the increase in contactless payment limits across Europe. Mastercard reported that across Europe, it has “championed” several initiatives that have seen a dramatic… Read More

US-based CoinZoom, a FinCEN Regulated Digital Asset Exchange, Officially Launches Crypto Trading Platform and Company Visa Card

US-based CoinZoom, a regulated digital asset exchange, has announced the official launch of its crypto trading platform and its company Visa card. Users will now be able to purchase, sell, and spend a wide range of cryptocurrencies via CoinZoom’s exchange platform. According to a press… Read More

Mexico-based Fintech Clip Introduces New Contactless Payment System, “Clip Total”

Mexico-based Fintech firm Clip is introducing another payment method, called “Clip Total.” Adolfo Babatz, the company’s co-founder, said that the new payment solution is like having a “point of sale [system] in the palm of your hand.” During a recent presentation, Clip’s management shared an… Read More

Swisscard AECS, Provider of American Express, Mastercard, VISA Cards, Updates Early Collections Using FICO Analytics

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

Major Indian Payment Solution Provider SBI Cards Is Preparing to Conduct a $1.4 Billion IPO

An increasing number of Indian consumers are making digital payments at metros and also at stores in small towns. India-based SBI Cards, a major payment solution provider, is reportedly planning to raise approximately $1.4 billion via an initial public offering (IPO) which would be the… Read More

India’s Payments Giant Paytm Partners Uber to Add Credit and Debit Card Processing to Allow Users to Easily Settle Card Transactions

India-based Paytm, an established payment gateway, has teamed up with ride-hailing app Uber in order to add credit and debit processing and will allow customers to easily perform card transactions. Uber will use the existing digital wallet integration with Paytm’s platform to offer riders a… Read More

Mobile-based Credit Card Provider Tymit Raises £4 Million via Debt and Equity Financing

Tymit, a London-headquartered mobile-based credit card service provider, has raised £4 million (appr. $5.2 million) via a combination of debt and equity financing, in order to create its products. The company has not disclosed any details regarding its investors. Tymit’s official website notes: “A credit… Read More

American Express Reimagines Corporate Program; Announces Custom Offering For Startups

American Express (NYSE:AXP) announced on Thursday it has reimaged its American Express Corporate Program with new offerings to meet the needs of both companies and their employees. The new suite of products includes  American Express Corporate Green, Gold, and Platinum Card. Each of the cards will… Read More

Following $260 Million Series E Funding, Fintech Unicorn Marqeta Creates 175 New Jobs In 2019, As Growth Accelerates

Marqeta, an Oakland, California based Fintech valued at over $2 billion, reports that the company has experienced “exponential revenue growth.” Following a Series E funding round that raised a whopping $260 million, Marqeta says it will hire 175 new employees during this year as it… Read More

Jaja Finance to Acquire Existing Bank of Ireland UK, Post Office, & AA Credit Card Accounts For £530 Million

Jaja Finance, a UK-based fintech startup, announced on Friday it has entered into in agreement to acquire credit card accounts for Bank of Ireland UK. Jaja reported as part of a consortium of funds affiliated with Centerbridge Partners LP and KKR it will acquire the… Read More

Amazon Reportedly Teams Up With Synchrony Financial to Launch New Credit Card For Those With Credit Struggles

E-commerce giant Amazon has reportedly teamed up with Synchrony Financial to launch its new credit card. According to CNBC, the program, Amazon Credit Builder, lends to shoppers with no credit history or bad credit, who would otherwise be exempt from Amazon’s loyalty cards. Tom Quindlen,… Read More

United Overseas Bank Teams Up With Mastercard to Launch New Regal Business Metal Card For SMEs

United Overseas Bank (UOB) announced on Tuesday it has teamed up with Mastercard to launch its new regal business metal card specifically for small and medium-sized enterprises (SMEs). While creating the card, UOB reported that it and Mastercard conducted face-to-face interviews and surveys with senior executives… Read More

Credit Card Distribution Platform Extend Secures $11 Million Through Series A Funding Round Led By Point72 Ventures & Fintech Collective

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Extend, a credit card distribution platform based in the U.S., announced on Wednesday it secured $11 million through its Series A funding round, which was co-led by Point72 Ventures and Fintech Collective. Founded in 2017, Extend describes itself as a digital credit card distribution platform… Read More

Wells Fargo Launches New Tap-to-Pay Contactless Cards

Wells Fargo & Company (NYSE: WFC) announced on Thursday the launch its new contactless consumer credit and debit cards. According to Wells Fargo, the cards will allow customers to complete a transaction quickly with a single tap at millions of merchants, including transit systems, around… Read More

Fintech Yosemite X Provides 0% Transaction Fee Credit Card Using Blockchain

Yosemite X has launched the “Yosemite Card” – a 0% transaction fee credit card targeting the traditional credit card industry. The company utilizes blockchain to cut “unnecessary fees imposed by banks and other credit card industry players like Visa and Mastercard.” As part of the… Read More

Curve Launches Faster Purchase Protection Coverage for Claims Up to £100,000

UK-based fintech Curve announced on Wednesday it has introduced a new purchase protection policy that can reimburse supported claims within 24-hours on eligible purchases of up to £100,000 made with a Curve card. According to Curve, the Curve Purchase Protection Policy covers all credit and debit card… Read More

Chase Announces New Contactless Visa Credit Cards

Just a few months after announcing its contactless debit card access to 15,000 ATMs nationwide, financial services giant Chase announced the launch of its new contactless Visa credit cards. The company reported that starting at the end of this year, customers will receive new contactless… Read More

UK Fintech Jaja Finance Announces Launch of Mobile-First Credit Card “Jaja”

Jaja Finance, a UK-based fintech startup, announced on Monday the launch of its new mobile-first credit card, Jaja. According to Jaja Finance, the credit card, which is managed entirely through the Jaja app, is designed to liberate consumers by redefining the consumer experience, making credit cards simpler,… Read More

Monzo Reports Customers Have Nothing To Worry About Following Ticketmaster Breach

Following the announcement that there was a breach on Ticketmaster’s ticketing platform, UK challenger bank Monzo reassured its customers that there is nothing to worry about in terms of credit card information. The fintech confirmed that breach issues on Ticketmaster began even as early as… Read More

Certain Banks are Blocking Credit Card Transactions on Cryptocurrency Exchanges

Coinbase, one of the largest Bitcoin exchanges in the world, tweeted out last week that certain credit card issuers were blocking transactions on its exchange. These bank based cards included; JPM Chase, Bank of America, Citi and Capital One. So what’s up with that? Well,… Read More

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