Cards

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/payments

PayPal Ventures leads €18 million series A extension in Pliant

PayPal Ventures has led an €18+ million Serie A extension for Berlin-based corporate card platform Pliant as it prepares for expansion into the UK.

/payments

TokenEx and Ixopay to merge

Cloud tokenisation provider TokenEx has agreed a merger with payments orchestration platform Ixopay. Financial terms were not disclosed.

/inclusion

Credit fintech Petal agrees sale to Empower

Empower Finance has agreed to buy US credit fintech Petal and closed the acquisition of Philippines-based Cashalo.

/security

Bank of Ireland blames latest glitch on "technical issue"

Bank of Ireland (BoI) was hit by another outage on Friday when its mobile banking app went down for around four hours.

/payments

Brim Financial raises $85m for US expansion

Toronto-based payment technology firm Brim Financial is targeting the US after raising $85 million in a Series C funding round led by EDC Investments.

/security

Visa launches AI-powered fraud prevention tools

Visa has added a trio of AI-powered risk and fraud prevention tools to its suite of products for businesses.

/payments

Robinhood launches credit card

Robinhood continues to expand beyond its stock trading origins, launching a credit card with a host of perks, including three per cent cashback.

/payments

Visa and Mastercard reach $30bn interchange fee settlement with merchants

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

/startups

BuildMyCreditScore users see credit scores surge in months

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

/payments

UK set for soaring digital wallet adoption

The UK is approaching a seismic shift in how people pay, with digital wallets set to comprise half of all e-commerce spend and nearly a third of POS transaction value by 2027, according to a report from Worldpay.

/payments

Greggs storefronts reopen after payment processing issues

UK bakery chain Greggs was forced to temporarily close several stores due to payment processing issues, following similar issues faced by other UK retailers over the weekend.

/payments

NextGen Nordics 2024: Top Nordics payments stories you’ve missed this year

Finextra is returning to Stockholm for the annual NextGen Nordics event. Attendees can expect in-depth conversations on a variety of topics and much more.

/payments

Visa and Taulia/SAP form embedded finance partnership

Visa has teamed up with SAP-owned supply chain finance outfit Taulia to make embedded finance accessible to businesses worldwide.

/payments

MPE 2024: What’s new for merchant payments and the role of digital wallets?

At the annual Merchant Payments Ecosystem conference in Berlin, businesses and leaders in payments come together to exchange ideas, perspectives, and visions in the merchant payments industry.

/regulation

US Chamber of Commerce files suit against CFPB over late card fees

The US Chamber of Commerce has filed a lawsuit against the Consumer Financial Protection Bureau (CFPB) to stop it from implementing a rule to limit late credit card fees.

/payments

JP Morgan joins French payments network Cartes Bancaires

JP Morgan is joining Cartes Bancaires (CB), enabling its merchant clients to process card payments via the French network rather than Visa or Mastercard.

/security

AmEx card details exposed in third-party data breach

American Express is writing to customers warning them that their account information may have been compromised in a data breach at a third party service provider.

/payments

Top 5 payment stories you missed in February 2024

Fintech heated up a bit in February meaning you could have missed out on some of the biggest stories. Here are some of the top stories we saw in January 2024.

/inclusion

Sibstar secures £125k from Dragon’s Den

Founder of Sibstar, a debit card and app designed for dementia patients and their families to securely manage their funds, has received £125k from Dragon’s Den investors Sara Davies and Deborah Meaden.

/payments

Mastercard offers issuers open banking-based account opening

Mastercard has launched a programme that uses open banking to streamline the account opening process for some US debit and prepaid products.