Consumer prepaid card sales drop in US – Mercator report


US consumers aren’t buying as many prepaid cards, according to a new consumer survey from Mercator Advisory Group. The data show 56% of US adults bought prepaid cards in the year preceding this survey, down from 63% in 2016.

Banque de France to modernise payments tech with Sopra Banking Software


Banque de France’s banking services department has embarked on a major technology overhaul programme. It will work with a domestic software provider on this project, Sopra Banking Software, which is part of the Sopra Steria group.

Klarna and Arcadia launch “buy now pay later” initiative for UK

Fashionistas can now get in debt quicker

Payments specialist Klarna and fashion retailer Arcadia Group have launched a new e-commerce retail financing offering to the UK market.

Travelex partners with Wirecard to launch new card and mobile product, Supercard


Travelex has launched Supercard, a MasterCard and mobile app combo for UK travellers to avoid debit/credit card roaming fees and charges when spending abroad. Supercard will be chip and PIN protected. The security aspect will be taken care of by a payments firm Wirecard. Following a successful pilot, Supercard is now offered to the UK […]

Earthport and Ria Money Transfer join forces for remittances

Earthport, a UK-based cross-border payment network, and Ria Money Transfer, the world’s third largest money transfer company, have teamed up. Earthport will provide Ria with access to a global payment network. “Through a single, managed relationship with Earthport, Ria will gain access to over 60 domestic clearing schemes,” Earthport states. The solution “enables complete transparency”, […]

Consumer payments: the contactless landscape

Nick Kerrigan, Barclaycard

Nick Kerigan, managing director of future payments at Barclaycard, lends his expert view on the changing consumer payment landscape and maps the journey to contactless card payments and beyond. Kerigan leads the team that looks at payment and competitor intelligence, and is responsible for driving innovation across Barclaycard. Last year was a milestone in UK […]

FIS Cardless Cash app wins two new US banks

ATM, Bank, Banking.

Popular Community Bank and Oriental Bank are to deploy FIS Cardless Cash, a mobile banking app to withdraw money from many ATMs in the US. Financial services technology provider FIS and PayPal launched Cardless Cash in January 2015, as a mobile ATM solution that avoids the plastic debit card. This technology provides banks with a revenue opportunity from transactions […]

BBVA breaks off fintech fund

Dollar financial concept

BBVA, a major shareholder in Atom Bank, a UK challenger, has announced an increase in its financial technology fund to US$250 million from US$100 million and a partnership with Propel Venture Partners which will see Propel managing the investment independently. Propel will use the US$250 million in a US and a European fund while opening an office […]

MKB Bank migrates to Flexcube core

Time is money

MKB Bank in Hungary is migrating its core banking system to Oracle Flexcube deployed on Oracle Exadata Servers with the hope of improving its time-to-market for new products, while reducing operational costs. The bank was looking for faster processing times in areas such as loan origination, account opening and account processing, as well as a […]

ABN Amro launches Snapchat

Technology woman instant messaging smartphone

ABN AMRO is offering ‘webcare’ via Snapchat, the self-deleting message and picture service, which has 1 million Dutch users. Jeroen van de Ven, ABN AMRO Social Media Manager: ‘If a specific target audience opts for a new channel in such large numbers, we as a bank have to adapt, in an accessible way that fits […]