Tagged: credit cards

Fintech Klarna Reports that Many Consumers Plan to Ditch Credit Cards for BNPL, Flexible Payment Plans

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

Transact Payments Achieves Nearly 4x Growth in Just 4 Years

Transact Payments Limited, a provider of European BIN sponsorship and modular payment, debit, credit and prepaid services, reveals that it has experienced 380% growth in settlement volumes (EUR €) “from 2017/18 to 2020/21 across its expanding client base.” As mentioned in an update shared with… Read More

Entrust, a Digital Security and Credit Issuance Service Provider, to Acquire Paris based Antelop Solutions

Entrust, a US digital security and credential issuance service provider, reveals that it has entered a deal to acquire Paris-headquartered Antelop Solutions, a Fintech firm that supports financial institutions by allowing them to provide secure digital credit and debit cards to clients. As noted by… Read More

Bad Actors Diverted, Used SMS One-Time Passwords to Perform Fraudulent Credit Cards Transfers, Affecting Singapore Consumers

The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) recently revealed that malicious actors overseas had been able to divert and use SMS one-time passwords (OTPs) to carry out fraudulent credit card transfers impacting 75 banking clients based… Read More

Gr4vy, a Cloud-Native Payments Platforms, Teams Up with Banked and GoCardless

Gr4vy, a cloud-powered payments platform, reveals that it has formed two new partnerships focused on providing consumers flexible ways to pay with a bank account while empowering merchants in the process. The new partnerships, currently integrated into Gr4vy’s Cloud-enabled payment orchestration platform (POP), are with… Read More

Personal Finance Products Firm Crediverso to Effectively Serve Hispanic Consumers in the US

Crediverso, the Hispanic-owned personal finance products firm, reveals that it has introduced a bilingual platform and a financial products marketplace tool “to serve the 62M+ Hispanic consumers in the U.S., who are 2-3x more likely to be underbanked than the rest of the population,” according… Read More

Mobile Banking: India’s ICICI Bank Now Offering iMobile Pay App to Pay, Manage Multiple Credit Cards

ICICI Bank, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, reveals that it has enabled its savings account clients to pay and manage credit cards bills at any bank by using the Bank’s mobile… Read More

Point Card, the High-Reward Debit Card, Secures $46.5M via Series B Round led by Valar Ventures

Point Card, the “high-reward” debit card, reveals that it has finalized a Series B round that was led by Peter Thiel‘s Valar Ventures. Other investors in Point Card’s latest investment round include Breyer Capital, YC Continuity, and Human Capital. Point completed a $10.5 million Series… Read More

Mexico’s Credijusto, a Tech-Enabled SME Lender, Partners i2c to Offer Seamless Credit Services

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

Payments Fintech Stax Announces Launch of Credit Card Surcharging

Stax by Fattmerchant, which claims to be the industry’s “only” complete “all-in-one” solution for managing “everything” in the payments ecosystem, has announced the addition of credit card surcharging to its “feature-rich” technology. As mentioned in a released shared with CI: “With prices of processing fees… Read More

America’s Love Affair With Credit Cards Headed for a Split: Survey

Credit cards may be losing their dominant position as a preferred spending mechanism, the results of a new survey by account-to-account payment services company GoCardless suggests. The company teamed with Propeller Insights to survey more than 1,000 American adults about their payment preferences. A Clear… Read More

Walgreens Introduces myWalgreens Credit Card Program, the Credit Card that “Pays Well to Stay Well”

Walgreens (Nasdaq: WBA) has rolled out the new myWalgreens Credit Card program, which  features two “industry-first” retail health and wellness credit cards that have been issued by Synchrony Bank (NYSE: SYF). The myWalgreens Mastercard and the myWalgreens card will be offering more personalized wellbeing choices…. Read More

Indonesian Tech Giant Bukalapak to Leverage Fraud Prevention Solution from Vesta to Maximize Legit Credit Card Transactions

Vesta, the only “instant, end-to-end” transaction guarantee platform for making online purchases, recently revealed that it has been chosen by Bukalapak, which is one of Indonesia’s biggest tech firms. According to a release, Bukalapak will be leveraging Vesta’s extensive fraud prevention solution “to maximize approvals… Read More

BNPL: Canada’s Scotiabank Now Converting Credit Card Repayments to Buy Now Pay Later Options

Canada-based Scotiabank (TSE: BNS) is reportedly converting credit card repayments into Buy Now, Pay Later or BNPL options, by offering customers the ability to pay off their debt in 3, 6, or 12-month fixed-installment payments. Currently available for purchases over $100 in-store or online, clients… Read More

Chip Shortage Impacting Payment Card Industry: Report

More than one billion payment cards are at risk of not being issued over the next 18 months due to a chip shortage, ABI Research reports. That total includes 347 million in 2021 and up to 740 million in 2022 “Although not necessarily getting the… Read More

Reserve Bank of India Decides to Indefinitely Prevent Mastercard from Providing New Debit, Credit Cards to Locals

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

Credit and Prepaid Card Issuer Cornèr Bank Group Reaches Key Digital Transformation Milestone by Transitioning to Improved Platform

Cornèr Bank Group, an established issuer of credit and prepaid cards to individuals and companies across Europe, has reportedly reached a key milestone in its digital transformation efforts by successfully migrating its card portfolios across all products and markets to an advanced and more consolidated… Read More

Fintech Deserve, Provider of White-label Credit Card Tech, Secures $50M via Series D led by Mastercard

Deserve, a provider of white-label mobile-centric API and (software development kit) SDK-based credit card tech, has secured $50 million in capital through a Series D round that was led by Mastercard. Mission Holdings and Ally Ventures also co-led Deserve’s latest investment round, along with contributions… Read More

Swedish Payment Platform Billhop Partners ICS, the Largest Credit Card Provider in the Netherlands

Billhop and ICS have teamed up to improve working capital access for SMEs across the Netherlands. Through the partnership, ICS commercial cardholders, based in the Netherlands, will have access to Billhop’s service “at a preferential rate,” according to a release shared with CI. As mentioned… Read More

BBVA: All Cards Will Be Made Of Recycled Materials By 2023

  BBVA announced on Wednesday it will be offering recycled cards in all countries where it operates prior to the end of 2021. The banking group also revealed that by 2023, it will no longer issue other types of cards, in line with its commitment to… Read More

Send this to a friend