US credit card disruptor Petal closes debt facility of over $125m
American credit card startup Petal has closed a debt facility of over $125m to expand its credit card programme. Silicon…
European banks plan to build local rival to Mastercard and Visa by 2025
European banks are working on plans to establish a pan-European payment network by 2025 to challenge the dominance of Mastercard and Visa in the eurozone. The European Payments Initiative (EPI),…
25 Feb 2021
Card Dynamics receives new funds to drive growth
Card Dynamics, a B2B fintech focused on the subscription economy, has received €2.5m funding led by Big Sur Ventures. Big Sur was joined by US-based investment manager GAA as well…
25 Feb 2021
Intuit sues Mastercard and Visa for fixing interchange fees
Intuit, the software firm behind TurboTax and QuickBooks, is reportedly suing Mastercard and Visa for manipulating interchange fees. The software company said that it has incurred billions of dollars in fees…
25 Feb 2021
Apple rolls out digital wallet Apple Pay in Mexico
Apple’s mobile payment platform Apple Pay has launched in Mexico, marking the 61st country of its launch. The mobile payment platform first went live in the US six years back.…
24 Feb 2021
NMI swoops on payment solutions company USAePay
Payments enablement technology company NMI has snapped up Glendale, California-based payment solutions provider USAePay. Financial terms of the transaction were not revealed. NMI will retain the Glendale office of the…
24 Feb 2021
City of West Fargo taps Factor4 for community gift card programme
The City of West Fargo, North Dakota, has turned to gift card and loyalty solutions provider Factor4 to launch its "Love Your Local" community gift card programme. Under the programme,…
24 Feb 2021