Evolve to partner with i2c on suite of credit, debit, prepaid card products

October 21, 2019

Evolve Bank & Trust has entered a partnership with i2c Inc., a provider of digital banking and payments processing technology, in which the companies will…

Chime suffers new disruption to mobile app, debit card payments

October 17, 2019

(Update 10:56 a.m. EST Friday Oct. 18th to reflect certain services restored)

JCB partners with Singapore's Socash on mobile app-based cash withdrawals

October 16, 2019

Socash, a Singapore-based fintech, is partnering with payment card issuer JCB to offer cardless cash withdrawals to Japanese tourists across Southeast Asia…

UK: half of all debit card payments now contactless

by Amy Castor — Editor, Networld Media Group

October 14, 2019

According to the latest figures from trade association U.K. Finance, now over half of the debit card payments in the U.K. are contactless. 

Facebook's Libra just lost its head of product

by Amy Castor — Editor, Networld Media Group

October 10, 2019

Simon Morris, who was the head of product for the Libra Association, the governing body that would oversee Facebook's proposed crypto, is gone.

PayPal drops out of Facebook's Libra

October 4, 2019

PayPal Holdings Inc. has withdrawn its support for Facebook's future cryptocurrency Libra, according to a spokesperson for the payments provider.

Brightwell teams with Travelex to offer cash on cruise ships

October 3, 2019

Brightwell Payments Inc., an Atlanta-based fintech company, today announced a partnership with London-based Travelex, a cross-border financial services and…

Garmin Pay teams with FiBank, Mastercard to allow contactless ATM transactions

September 30, 2019

Garmin Pay will allow Bulgaria's First Investment Bank customers to digitize their Mastercard payment cards using not only smartphones, but also Garmin…

ATM suit against Visa, Mastercard resumes

September 27, 2019

An eight year-old antitrust suit is once again seeing some action after independent ATM providers requested class certification in their suit against Visa Inc.

Deutsche Bank buys 4.9% stake in open banking fintech Deposit Solutions

September 19, 2019

Deutsche Bank said it acquired a 4.9% stake in German-based fintech Deposit Solutions, according to announcements from both companies. 

Amazon PayCode launches in US for people who pay in cash

September 18, 2019

Amazon wants to make it easier for customers to pay with cash. 

Chime recovers from weekend outage in mobile banking app, card transactions

September 17, 2019

Chime, the San Francisco-based challenger bank, confirmed that it experienced a brief outage Sunday that left customers unable to complete certain card and…

Wells Fargo to launch digital currency on its blockchain platform

September 17, 2019

Wells Fargo & Co. announced plans to launch a digital currency called Wells Fargo Digital Cash on its blockchain platform. Clients will be able to use…

Greenlight Financial raises $54M with backing from JPMorgan, Wells Fargo

September 16, 2019

Greenlight Financial Technology Inc., said it raised $54 million in Series B funding led by Drive Capital, with backing from JPMorgan Chase and Wells Fargo. 

Mastercard to pay UK shops to offer cashback

September 13, 2019

Payment provider Mastercard is launching a new initiative to broaden cash access in the U.K., according to a company press release. 

Mastercard testing open-loop B2B payments service Mastercard Track for 2020 launch

September 12, 2019

Mastercard announced the launch of Mastercard Track, an open-loop business payments system designed to help automate the $125 trillion B2B market between…

Paragon enhances web-based testing platform for FIs

September 10, 2019

North Carolina-based Paragon Application Systems, a provider of payment-testing solutions for the financial services industry, has enhanced its Web FASTest…

ING partners with Dutch supermarket to trial cashierless store

by Amy Castor — Editor, Networld Media Group

September 9, 2019

ING has joined forces with Dutch supermarket chain Albert Heijn and U.S. tech startup AiFi to pilot a cashierless store. The partners have built a…

Grab investing $150M to create 'super app'

September 5, 2019

Grab Holdings Inc. plans to spend about $150 million on artificial intelligence and to hire additional engineers to help create a regional "super app" that…

Renovite appoints Sanjay Mishra as CDO

September 4, 2019

Payment specialist Renovite Technologies has appointed industry veteran Sanjay Mishra as its chief delivery officer. In the position, Mishra will lead…