UK’s PSR says Visa and Mastercard face “no effective competition” for core scheme and processing services
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
The findings are from the regulator’s newly published interim report on scheme and processing fees for cards.
The bank’s CEO says the partnership will deliver “secure and adaptable financial tools” to consumers.
Iberpay will serve as the clearing and settlement mechanism, through Santander, for OCT Inst transactions.
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
Almutairi previously served as CTO at STC Pay for nearly five years.
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The US-based start-up has also introduced its new “homegrown bank aggregator” called Aerosync.
Our pick of the top fintech news stories this week includes BBVA, Deutsche Bank, Lemonway and more.
Lydia says it plans to pump over €100 million into Sumeria over the next three years.
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Céline Bayer and Nicolas Vigier have been named Lemonway’s new CFO and CTO respectively.
Roper, who joined the company last year, is set to depart in October.
In this episode of the podcast, we’re joined by Bivu Das, UK Managing Director at Kraken.
Thimsa will initially launch its payments platform in beta in the UAE and Bahrain.
The integration is to replace Bankart’s legacy payment processing platform provided by ACI Worldwide.
Aplazo has now secured over $100 million in equity financing since its formation in 2020.
Wink Pay offers an instant card issuance service for Visa prepaid virtual cards.
The industry must ensure that open banking tech serves the strategic needs of consumers and institutions.
The transfer of Paymerang from Aldrich Capital to Corpay is expected to close this quarter.
Hassan Chatila has been named as VP and global network head, joining from Western Union.
The start-up’s solution seeks to provides SaaS firms with a pre-built embeddable payment service.
The implementation of the platform was carried out by Avaloq’s partner Synpulse.
Our pick of the top fintech news stories this week includes Monzo, NAB, GoTyme Bank, and more.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
The digital payment and cash flow management solution is the result of Fiserv’s partnership with Melio.
The European payment infrastructure provider is seeking to expand its fraud prevention solutions.
Submissions for the PayTech Awards USA 2024 are now open, with the entry deadline set for 12 July 2024.
NAB says the first group of business clients to adopt A2A payments will go live “in the first half of 2024”.
Iyzico plans to integrate Paynet’s B2B payments and collections solutions.
Protecting privacy is critical for digital money and CBDCs in order to obtain public trust.
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
The capability enables the platform’s users to transfer funds to any eligible Visa account globally.
The bank has selected SmartStream’s TLM Reconciliations Premium Digital Payments Control solution.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Cover story: PLASTIC MEASURES – Banking must follow a more sustainable path.
The latest funding brings the total amount raised by SumUp since its inception in 2012 to over €3.2 billion.
Nominations for the Banking Tech Awards 2024 are now officially open to companies worldwide!
The deal has a total potential consideration of up to $27 million based on certain conditions.
The fintech can now to accept funds, issue pre-paid debit cards and facilitate money transfers in Spain.