Tagged: credit cards

April 18, 2023 @ 11:06 am By Omar Faridi  |  

Challenger credit card Fintech Yonder announces a raise of $15.5 million (£12.5 million) in equity and $62 million (£50 million) in debt following its Series A funding round. The investment round was “co-led by Northzone and RTP Global alongside angel investors Joseph Moore, founder of… Read More

April 16, 2023 @ 3:42 pm By Omar Faridi  |  

The Federal Trade Commission and the State of Florida have filed suit against Chargebacks911 “for unfairly thwarting consumers who were trying to dispute credit card charges through the chargeback process.” In a complaint filed in federal court, the FTC and Florida charged “that, since at… Read More

March 22, 2023 @ 10:47 pm By Omar Faridi  |  

Zeta, a credit card processor, and Featurespace, a firm focused on addressing enterprise fraud and financial crime prevention, announced their partnership “to bring to market a solution that combines best-in-class credit card processing and fraud detection for Issuers in the US.” Featurespace offers what it… Read More

March 19, 2023 @ 11:27 pm By Omar Faridi  |  

At a time when the UK and US tech sectors were exposed to what can only be described as financial chaos, Payhawk, the spend management solution for domestic and international businesses throughout Europe, the US, and the UK, continued “to show their dedication and support… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

February 21, 2023 @ 11:17 pm By Omar Faridi  |  

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

February 17, 2023 @ 5:19 pm By Omar Faridi  |  

Westpac will soon offer credit card customers the ability “to pay for purchases in four instalments, providing greater control and flexibility.” In the coming months, Westpac credit card customers will be able “to link their existing credit card to a new PartPay digital card, enabling… Read More

February 17, 2023 @ 8:25 am By Omar Faridi  |  

As online purchases have soared in the last few years, so has the level of online fraud. In 2021, e-commerce fraud in the UK “jumped to GBP 1.3 billion.” As many merchants make the transition to online stores, “ensuring their transactions are protected is crucial.”… Read More

February 16, 2023 @ 4:35 am By Omar Faridi  |  

Mastercard (NYSE: MA) and global video game commerce company Xsolla announced plans to collaborate “on frictionless, secure, and rewarding payments for gamers — from enhanced checkout experiences using credit card loyalty points1 to simple in-game currency gifting to improved creator payout processes and more.” The… Read More

February 4, 2023 @ 4:27 pm By Omar Faridi  |  

  There’s a lot of frustration when credit card readers “do not respond to a customer’s dips, taps and swipes—or require a reset halfway through a transaction.” According to the J.D. Power 2023 U.S. Merchant Services Satisfaction Study, the small business owners “who are fighting… Read More

January 30, 2023 @ 7:41 pm By Omar Faridi  |  

Juniper Research defines credit cards as a payment instrument which allows consumers as well as cardholders “to borrow money to pay for products and services, and make deferred payments for their purchases in exchange of monthly interest based on the amount owed.” As noted in… Read More

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

December 7, 2022 @ 10:51 pm By Omar Faridi  |  

What was once an innovation is today “a way of life” for millions of consumers in India. Over the last two and a half years, transactions on the UPI network have “grown by a factor of 6 as digital payments have exploded in India,” according… Read More

December 5, 2022 @ 8:42 am By Omar Faridi  |  

The agreement with Commerzbank is a key milestone for the issuing solutions business of Nexi in Germany. Commerzbank has chosen Nets, part of the European PayTech Nexi Group, in order “to develop a streamlined and scalable solution for processing credit, debit, and prepaid cards which… Read More

November 24, 2022 @ 2:33 pm By Omar Faridi  |  

UOB EVOL cardholders will now be able “to offset 100 per cent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card, via a new exclusive feature jointly launched by UOB and SP… Read More

November 24, 2022 @ 10:24 am By Omar Faridi  |  

Síminn Pay, the “pioneering” fintech subsidiary of Iceland’s largest telco provider Síminn, has partnered with Enfuce, the European “leader” in providing turnkey card issuing, “to launch virtual credit cards tailored for Síminn Pay’s lifestyle app, enabling users to make seamless payments.” Founded in 2016, Síminn… Read More

November 24, 2022 @ 10:21 am By JD Alois  |  

Using credit cards is convenient but costly for merchants. So much so, they just raise their prices a bit for everyone. UK-based Fintech Atoa wants to challenge the dominance of Visa and Mastercard by cratering the cost of accepting payments by up to 70%, and… Read More

November 17, 2022 @ 8:25 am By Omar Faridi  |  

American Express (NYSE: AXP) and Square (Block) (NYSE:SQ) announced “an expansion of their relationship and plans to launch a new credit card built specifically for Square sellers on the American Express network.” The new card will be “the first credit card Square offers to its… Read More

October 19, 2022 @ 11:06 pm By Omar Faridi  |  

Visa (NYSE: V) has announced new collaborations across the payment ecosystem, “to bring Installments enabled by Visa to more eligible credit cardholders.” With Installments enabled by Visa, consumers have the option “to convert qualifying purchases into smaller, predictable installment payments made over a defined period… Read More

October 19, 2022 @ 4:27 pm By Omar Faridi  |  

San Francisco-based financial technology firm, Cardless, Inc., and Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment, and mixed-use destinations in the United States, have “agreed to launch the Simon® American Express® Credit Card from Cardless.” Once launched, Cardmembers… Read More