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19 FEBRUARY 2019
This is the site of Card & Payments World, the well respected international newsletter providing in depth information on mobile, card and online payments. Subscribe to access this daily news and resource site. Subscribers also receive 11 printed newsletters a year.

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article thumbnail Monday, 18 February 2019

Avios partners to bring points to banking app
More transparency for points balanceThis is the first of what Loyalty Magazine understands will be a growing list of current accounts linked with Avios. Read more ...

 
     

Latest feature
     
 
Tough time for wallets

Retirement for Microsoft
Mobile Wallet projections
India KYC problem
Alipay QR code chosen
Microsoft has given up the wallet fight and will be retiring its version on February 28, 2019.
Read more ...
 
     
 
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Month's news
 
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article thumbnail Card & Payments World | News - ContactlessWednesday, 13 February 2019

Contactless limited by the limit
Huge variation in global cash caps Read more ...

article thumbnail Card & Payments World | News - Company newsTuesday, 12 February 2019

Visa in the lead with new Eathport offer

Visa and Mastercard are in a head to head battle for UK payments processor Eathport, with Visa stating it has raised its to 37p per share, valuing the business at £247 million.
So whatever both payments giants say about their competitor being cash, this bidding war illustrates just were their nemesis sits. Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 08 February 2019

Target expanding loyalty to fill credit card gap
Programme to provide analytics on non-Redcard customers
Mobile acceptance coming soon

US retailer Target plans to expand its Target Circle loyalty programme that it began in Dallas last April. Read more ...

article thumbnail Card & Payments World | News - Company newsThursday, 07 February 2019

Barclays leads £10m funding round for Bink
*Proposition to provide a marketplace for loyalty programmes back on the agenda

*Lee Clarke and Greg Gormley no longer part of the management team

Barclays has become a minority stakeholder in Bink, having taken part in its recent oversubscribed £10m funding round. A statement said “Barclays and Bink will work in collaboration to deliver a ground-breaking experience for Barclays customers”.  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 05 February 2019

Wirecard group announces investigation into accounting fraud
Share price reacts to uncertainty
Wirecard has informed investors that an external law firm has been investigating alleged accounting manipulations by “a member of Wirecard’s finance team” in its Singapore operations since May 2018, The probe still ongoing. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 05 February 2019

Visa, Mastercard succeed in second try to reach settlement for US$5b plus antitrust deal

•    Fund of more than $5b largest antitrust award ever
•    New settlement resolves conflict of interest issues

Visa Inc. and Mastercard Inc. have won preliminary approval in their second attempt at at settling antitrust allegations in the class action of over 12 million US merchants. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 04 February 2019

First Data partners with AIB to bid for Payzone
Payments consolidation continues
First Data and Irish bank AIB are working together to secure the purchase of Payzone, which is currently valued at more than EUR100 million, according to The Irish Times. Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 30 January 2019

Shinhan Card achieves first cross-border blockchain transaction
Reward points used for proof of concept

Shinhan Card, which is affiliated with one of the largest financial banking groups in Korea used loyalty points for its first international transaction and a blockchain as a validator. Read more ...

article thumbnail Card & Payments World | News - AcquiringTuesday, 29 January 2019

Curve card widens Amex acceptance and offers double rewards
Aggregator achieves ground breaking merchant proposition


Curve card, the UK based wallet style aggregator has achieved a phenomenal merchant acquiring achievement by offering Amex acceptance at Mastercard accepting merchants. Read more ...

article thumbnail Card & Payments World | News - AcquiringMonday, 28 January 2019

Monzo adds Flux to enhance merchant analytics
Itemised receipts, loyalty points, personalised offers and messaging
Monzo has partnered with fintech startup Flux to bring itemised receipts and loyalty points to its banking app. Monzo is the UK challenger bank that now boasts 1.5 million current account customers. Read more ...

article thumbnail Card & Payments World | News - RegulationThursday, 24 January 2019

UK Payments regulator to probe card-acquiring services
The UK Payment Systems Regulator said on Thursday that it will carry out a market review of card-acquiring services which it suggest are not working for merchants, and therefore not for consumers. Read more ...

article thumbnail Card & Payments World | News - RegulationTuesday, 22 January 2019

Mastercard fined £504m by Europe for competition breach
France fines Google
€400m for GDPR breaches with actions against Amazon, Apple, Google, Netflix and Spotify to follow
Two major fines have been imposed on giants providers of services, with warnings that many more similar actions are in the pipeline. Read more ...

article thumbnail Card & Payments World | News - RegulationMonday, 21 January 2019

PayPal and iZettle takeover probe explained by CMA
The CMA (Competitions and Markets Authority) has issued a statement setting out in more details why it has referred the acquisition of iZettle by Paypal to the competition watchdog. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 21 January 2019

Debit implications of Fiserv/First Data deal

The planned merger of Fiserv and First Data in an all shares deal by Fiserv worth US$22 billion could have an especially large effect on the US debit card market, according to advisors. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 21 January 2019

Fiserv's and First Data $22B deal is biggest fintech deal so far
Goodbye to First Data name as stock deal creates a mega giant that merges payments and fintech
Read more ...

Card & Payments World | News - Contactless
Contactless limited by the limit
Wednesday, 13 February 2019

Card & Payments World | News - Fraud and Security
Click & collect fraud rises
Monday, 21 January 2019

Card & Payments World | News - Loyalty/Marketing
Mastercard name dropped from branding
Tuesday, 08 January 2019

Card & Payments World | News - Fraud and Security
Click & collect fraud rises
Monday, 21 January 2019

Card & Payments World | News - Contactless
Contactless limited by the limit
Wednesday, 13 February 2019

article thumbnail Card & Payments World | News - ContactlessWednesday, 13 February 2019

Contactless limited by the limit
Huge variation in global cash caps Read more ...

article thumbnail Card & Payments World | News - Company newsTuesday, 12 February 2019

Visa in the lead with new Eathport offer

Visa and Mastercard are in a head to head battle for UK payments processor Eathport, with Visa stating it has raised its to 37p per share, valuing the business at £247 million.
So whatever both payments giants say about their competitor being cash, this bidding war illustrates just were their nemesis sits. Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 08 February 2019

Target expanding loyalty to fill credit card gap
Programme to provide analytics on non-Redcard customers
Mobile acceptance coming soon

US retailer Target plans to expand its Target Circle loyalty programme that it began in Dallas last April. Read more ...

article thumbnail Card & Payments World | News - Company newsThursday, 07 February 2019

Barclays leads £10m funding round for Bink
*Proposition to provide a marketplace for loyalty programmes back on the agenda

*Lee Clarke and Greg Gormley no longer part of the management team

Barclays has become a minority stakeholder in Bink, having taken part in its recent oversubscribed £10m funding round. A statement said “Barclays and Bink will work in collaboration to deliver a ground-breaking experience for Barclays customers”.  Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityTuesday, 05 February 2019

Wirecard group announces investigation into accounting fraud
Share price reacts to uncertainty
Wirecard has informed investors that an external law firm has been investigating alleged accounting manipulations by “a member of Wirecard’s finance team” in its Singapore operations since May 2018, The probe still ongoing. Read more ...

article thumbnail Card & Payments World | News - InterchangeTuesday, 05 February 2019

Visa, Mastercard succeed in second try to reach settlement for US$5b plus antitrust deal

•    Fund of more than $5b largest antitrust award ever
•    New settlement resolves conflict of interest issues

Visa Inc. and Mastercard Inc. have won preliminary approval in their second attempt at at settling antitrust allegations in the class action of over 12 million US merchants. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 04 February 2019

First Data partners with AIB to bid for Payzone
Payments consolidation continues
First Data and Irish bank AIB are working together to secure the purchase of Payzone, which is currently valued at more than EUR100 million, according to The Irish Times. Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 30 January 2019

Shinhan Card achieves first cross-border blockchain transaction
Reward points used for proof of concept

Shinhan Card, which is affiliated with one of the largest financial banking groups in Korea used loyalty points for its first international transaction and a blockchain as a validator. Read more ...

article thumbnail Card & Payments World | News - AcquiringTuesday, 29 January 2019

Curve card widens Amex acceptance and offers double rewards
Aggregator achieves ground breaking merchant proposition


Curve card, the UK based wallet style aggregator has achieved a phenomenal merchant acquiring achievement by offering Amex acceptance at Mastercard accepting merchants. Read more ...

article thumbnail Card & Payments World | News - AcquiringMonday, 28 January 2019

Monzo adds Flux to enhance merchant analytics
Itemised receipts, loyalty points, personalised offers and messaging
Monzo has partnered with fintech startup Flux to bring itemised receipts and loyalty points to its banking app. Monzo is the UK challenger bank that now boasts 1.5 million current account customers. Read more ...

article thumbnail Card & Payments World | News - RegulationThursday, 24 January 2019

UK Payments regulator to probe card-acquiring services
The UK Payment Systems Regulator said on Thursday that it will carry out a market review of card-acquiring services which it suggest are not working for merchants, and therefore not for consumers. Read more ...

article thumbnail Card & Payments World | News - RegulationTuesday, 22 January 2019

Mastercard fined £504m by Europe for competition breach
France fines Google
€400m for GDPR breaches with actions against Amazon, Apple, Google, Netflix and Spotify to follow
Two major fines have been imposed on giants providers of services, with warnings that many more similar actions are in the pipeline. Read more ...

article thumbnail Card & Payments World | News - RegulationMonday, 21 January 2019

PayPal and iZettle takeover probe explained by CMA
The CMA (Competitions and Markets Authority) has issued a statement setting out in more details why it has referred the acquisition of iZettle by Paypal to the competition watchdog. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 21 January 2019

Debit implications of Fiserv/First Data deal

The planned merger of Fiserv and First Data in an all shares deal by Fiserv worth US$22 billion could have an especially large effect on the US debit card market, according to advisors. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 21 January 2019

Fiserv's and First Data $22B deal is biggest fintech deal so far
Goodbye to First Data name as stock deal creates a mega giant that merges payments and fintech
Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityMonday, 21 January 2019

Click & collect fraud rises
Card-not-present fraud remains a payments danger area
New benchmark data has revealed a 13 percent increase in fraud attempts via the click and collect channel during the 2018 peak holiday season. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 11 January 2019

Australian card issuers compete with card linked offers
Issuers work hard to keep cardholders loyal with points bonuses

A variety of card linked offers are available already this year in the Australian market so far, but be warned – its complicated. Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingTuesday, 08 January 2019

Mastercard name dropped from branding
Preparing for when ‘card’ is no longer relevant to payments
In 1966 it was called Interbank, then in 1968 it became mastercharge. Read more ...

article thumbnail Card & Payments World | News - Online paymentsMonday, 07 January 2019

Big payment names join up for missguided mission
Payments provider Klarna, SaaS platform Poq and online payment platform Stripe have joined forces to provide pay-later provision to shoppers wanting to try before they buy. Read more ...

article thumbnail Card & Payments World | News - Card networksTuesday, 18 December 2018

Cashless transactions now 45% of all Russia payments
Russians are finally relaxing their need for cash after decades of wanting the security of money under the mattress because of bank vulnerability to failure. Read more ...

article thumbnail Card & Payments World | News - Company newsWednesday, 12 December 2018

PerfectCard to streamline reconciliation by joining the circle
Employee reward company is Ireland’s first authorised eMoney institution
PerfectCard, the FinTech provider of employee reward and corporate expense solutions, has joined Banking Circle to streamline payment reconciliation. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 12 December 2018

Ecobank, the Pan African Bank, appoints digital payment partner
The customers of Ecobank, the Pan-African Banking Group in 33 African countries, can now transact with over 170 million mobile wallets across the continent following the appointment of a digital payment partner. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 11 December 2018

Most banks will be made irrelevant by 2030 - Gartner
Heritage firms heading for extinction
Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Shopping on mobiles now accounts for one quarter of spending
Continued e-commerce growth leaves British high street spending lowest in Europe
The UK now has the lowest proportion of high street spending in Europe – caused by the exponential growth in e-commerce shopping. Read more ...

article thumbnail Card & Payments World | News - MobileFriday, 07 December 2018

Tesco latest store to remove £30 limit on mobile transactions
Tesco is set to abolish the £30 limit on Apple Pay transactions in its stores. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 07 December 2018

Monzo reaches funding target in less than three hours
Criticism of use of overdraft facility to buy shares
Monzo proved the value of customer loyalty this month when it reached its crowdfunding target in less than three hours – by persuading customers to invest. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 05 December 2018

Smartphone scan and pay deployed by giant electronics group
Europe’s largest consumer electronics retailer MediaMarktSaturn is deploying MishiPay’s mobile self-checkout solution in the world’s biggest electronics store in Hamburg.
Read more ...

article thumbnail Card & Payments World | News - MobileTuesday, 04 December 2018

Mobile accounts for 30% of cyber weekend sales
Smartphones driving conversions

The annual Cyber e-commerce sales event achieved US$7.9m in online sales, with a third of them made by mobile payments, according to new data from Adobe. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesWednesday, 21 November 2018

Fintech M&A at record levels
Multiple challenges affecting all FS companies – but technology is the greatest

A new report from international law firm Reed Smith is showing FinTech M&A at record levels, brought about by a number of factors. Read more ...

article thumbnail Card & Payments World | News - FintechWednesday, 21 November 2018

China AI investment plummets
Technology shares everywhere are suffering a bit of a wobble currently, but the news that investment in China’s AI companies is plummeting has certainly focussed attention. Read more ...

article thumbnail Card & Payments World | News - PrepaidFriday, 16 November 2018

What do we think of the new Costa pay by cup?
Barclays bPay contactless in new unusual application - but does it tick the environmental box?

Costa is rolling out a re-useable coffee cup with a contactless chip in the bottom for payment. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesFriday, 09 November 2018

Gartner says 80% of heritage companies will fail to survive
Traditional companies will struggle for relevance past 2030

We don’t want to depress you, but if you are working for what are now being called “heritage” firms, Gartner says you have an 80% change of going out of business by 2030. Read more ...

article thumbnail Card & Payments World | News - Loyalty/MarketingThursday, 08 November 2018

Mastercard enables payment with rewards worldwide
Questions raised on the effect for the loyalty business case

Mastercard has thrown the proverbial cat among the pigeons with its announcement this week that it would be enabling customers to pay with loyalty reward points at any merchant on its network, worldwide. Read more ...

Card & Payments World | News - MobileMonday, 05 November 2018

Carrefour Italia chooses mobile payments provider

Carrefour Italia’s iper -  market and express stores – payment by smartphone direct from a current account.   Read more ...

Card & Payments World | News - Company newsMonday, 05 November 2018

Commercial Bank of Ethiopia to modernise retail payments Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 05 November 2018

Payment with currency conversion benefits

Travelling is stressful. From language barriers, to long lines at the airports, to converting money to the local currency only to lose an average of 8% - there are many frustrating pain points. Read more ...

article thumbnail Card & Payments World | News - MobileWednesday, 31 October 2018

2017 State of the Industry Report on Mobile Money
Report and infographic on global growth

A number of new trends in mobile money were established in 2017 – from the accelerated growth of bank-to-mobile interoperability, to the emergence of South Asia as the fastest growing region, and a raft of innovations designed to reach the most underserved.  Read more ...

article thumbnail Card & Payments World | News - Online paymentsWednesday, 31 October 2018

Almost all shoppers now buy online at some point
Free shipping more important than fast shipping

The extraordinary finding has emerged from a study by Pitney Bowes that 94% of all global consumers now shop online at some level. Read more ...

article thumbnail Card & Payments World | News - Online paymentsTuesday, 30 October 2018

Majority of consumers now buy goods from overseas merchants
Lack of payment choice harming long term loyalty
Domestic retailers are under increasing pressure, even if they have strong online presence, with 70% of UK consumers now buy goods from overseas merchants, compared to 53% four years ago, according to research by PPRO Group, e-payment specialists. Read more ...

article thumbnail Card & Payments World | News - Company newsTuesday, 30 October 2018

Xiamen Airlines selects Ingenico to optimise global online payments

Chinese carrier Xiamen Airlines has partnered with Ingenico to provide an online payments infrastructure for the company. Read more ...

article thumbnail Card & Payments World | News - Company newsMonday, 29 October 2018

Amazon chooses Amex for small business proposition
A deal made in loyalty heaven
If the retail industry aspires to be more Amazon, those in the payments business would dearly love to be more Amex. So the news that American Express has clinched the Amazon Small Business Card is a matchmakers dream.
This is what the marriage looks like in detail:
Read more ...

article thumbnail Card & Payments World | News - Card networksFriday, 26 October 2018

UnionPay remains the world’s largest card scheme
Market share again increases

UnionPay, the Chinese payment brand, has increased its share of the world market by another one percent, making it difficult to see how Visa and Mastercard will ever catch up again. Read more ...

article thumbnail Card & Payments World | News - Company newsThursday, 25 October 2018

NCR steps into payments
Deal to buy JetPay

NCR Corporation is normally associated with ATMs and car park payment. Now it is taking a step into the world of payments, with its US$184m purchase of JetPay, a provider of end-to-end payment processing and human capital management solutions. Read more ...

article thumbnail Card & Payments World | News - RegulationWednesday, 24 October 2018

Will consumers make use of Open Banking?
Survey finds lack of awareness a first major stumbling block
Nine months before the deadline for Open Banking, the vast majority of UK citizens who were questioned had no idea what it was. Read more ...

article thumbnail Card & Payments World | News - AcquiringWednesday, 17 October 2018

Contactless beating chip & PIN at the till
Worldpay soon to lose co-CEO
The popularity of contactless is growing to such an extent in the UK, that it is now used more often than chip & PIN. According to data from processor Worldpay, June analysis shows 51% of payment transactions were contactless, rising to 52% in July. This is the first time contactless has overtaken chip & PIN. Read more ...

article thumbnail Card & Payments World | News - Financial ServicesTuesday, 16 October 2018

Payments growth to continue – but not as we know it
Regulatory complexity causing problems for technology innovation
Digital payments are experiencing a boom, driven by developing markets, and this growth is expected to continue, according to the 2018 World Payments Report, but regulatory complexity is hampering innovation. Read more ...

article thumbnail Card & Payments World | News - Company newsFriday, 12 October 2018

Why the Hyperledger Ethereum deal is important
Major blockchains announce alliance

The coming together of Hyperledger and the Enterprise Ethereum Alliance (EEA) to enable them to become members of each other's projects is hugely important to the future of blockchain because it is about standards. Read more ...

article thumbnail Card & Payments World | News - AcquiringFriday, 12 October 2018

Retro cash deal raises eyebrows
Walmart, considered to be the world’s biggest retailer has teamed up with Paypal for a rather retro deal. Read more ...

Card & Payments World | News - Corporate cardsMonday, 08 October 2018

Brex raises US$125m Series C funding
Startup corporate credit fard provider plans rewards programme Read more ...

article thumbnail Card & Payments World | News - Fraud and SecurityFriday, 05 October 2018

Crypto currencies used to launder US$88.6m, says report
Criminals becoming "early adopters" of new technology
Various stages of cybercrime explained
A Wall Street Journal investigation has uncovered that $88.6 million in illicit funds have been transacted through 46 cryptocurrency exchanges. The WSJ reported that $9 million of the suspect funds went through crypto exchange ShapeShift. Read more ...

 
     
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