Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Varo picks Marqeta as issuer processor

American digital bank Varo has inked a five-year issuer processor deal with Marqeta.

8 hours

Company update/people

Torpago hires former PayPal and Visa executives to lead business operations

Torpago, a cutting-edge, modern commercial credit card and spend management provider for banks, today announced the hiring of Chris Boncimino to head Business Operations.

17 hours

Company update/payments

Neobank Ampere inks Mastercard agreement

Ampere, the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs.

02 August 2024

News/startups

Bourgeois Boheme raises €6.5m for financial platform for the rich

Bourgeois Boheme (BoBo), a European fintech targeting high-net-worth individuals with the promise of instant transactions of up to €1 million, has closed a €6.5 million seed round led by Graphit Lifestyle.

01 August 2024

Company update/payments

Somalian mobile money app Waafi contracts with Paymentology for tap-to-pay companion card

Paymentology, the leading global issuer-processor, proudly announces its partnership with Salaam Bank’s Waafi, on the launch of its co-branded tokenised tap-to-pay digital companion card, and physical card, for Waafi mobile app users in the Horn of Africa- a first for the region.

01 August 2024

Company update/payments

Visa unveils contactless online toolkit for Vietnamese merchants

Visa, a world leader in digital payments, is introducing resources to help merchants in Vietnam, unveiling a SMB Online Toolkit, for small and medium-sized businesses to accept and take full advantage of Visa’s digital payment solutions.

31 July 2024

Company update/payments

Sticpay launches card payment service

STICPAY, a leading global e-wallet service provider and payment gateway, today announces the integration of Visa and Mastercard debit and credit card payment processing into its platform, affording it’s more than 5,000 merchant and corporate clients greater flexibility and convenience in handling payments.

31 July 2024

Company update/payments

CorServ signs Northeast Bank

CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Minneapolis, MN-based Northeast Bank ($770 million in assets) to launch a comprehensive credit card program for their business and commercial customers.

30 July 2024

Company update/security

An Post signs with Safecypher to drive down card-not-present fraud

Safecypher, one of Europe’s leading card payments security companies, has launched a new advanced anti-card fraud technology in partnership with An Post.

30 July 2024

Company update/payments

Salaam Somali Bank issues multi-currency prepaid Mastercard

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions.

30 July 2024

News/payments

Westpac starts offering debit cards to eight-year-olds

Australian bank Westpac is now offering debit cards to children as young as eight in a move it says will help them hone their financial skills.

30 July 2024

Company update/payments

Marqeta, Visa and Affirm team on flexible checkout options

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is working with Visa and Affirm to offer the Visa Flexible Credential, a single card product that can toggle between payment methods, putting the power of choice in the hands of the consumer.

26 July 2024

Company update/payments

Kasheesh rolls out 'Multi Use Card'

With the Multi Use Card, instead of having a new card number generated for each purchase, shoppers will have the ability to make recurring purchases on the same card.

25 July 2024

News/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

24 July 2024

Company update/security

Galileo debuts 3DS customer portal

Galileo Financial Technologies, a leader in financial technology solutions and a subsidiary of SoFi Technologies, Inc. (NASDAQ: SOFI), today announced the launch of Galileo 3D Secure (3DS) Access Control Server (ACS).

23 July 2024

Company update/payments

Diamond Trust Bank signs with Network International for card issuance

Diamond Trust Bank (DTB), a tier one Bank that is listed on the Nairobi Securities Exchange (NSE) and has operated in East Africa over 75 years with over 155 branches across Kenya, Uganda,Tanzania and Burundi, and Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA), have signed a strategic partnership to provide a sound processing platform for hosting and issuing of cards in support of the bank’s efforts in their exciting phase of digital product innovation and expansion.

23 July 2024

News/crypto

Stables launches stablecoin virtual card in Europe

Australian stablecoin payment startup Stables has launched in Europe with a Mastercard virtual card.

23 July 2024

News/regulation

Fed fines Green Dot $44m

The Federal Reserve has fined Green Dot $44 million for "numerous" unfair and deceptive practices in the marketing, selling and servicing of its prepaid cards and its tax return preparation payment services.

22 July 2024