Tag: cards

Activity, Investment Banking

Zeta partners Mastercard to shake up credit card issuance

March 11, 2022

Via: FinTech Futures

At the core of the partnership is an agreement to “go-to-market jointly to launch credit cards with issuers worldwide on Zeta’s modern, cloud-native, and fully API-ready credit processing stack”. The payments giant has also invested $30 million, alongside other investors, […]

Activity, Capital and Risk, Credit, Investment Banking

US credit builder Petal closes $125m debt facility

February 26, 2021

Via: FinTech Futures

This new facility includes $100 million from Silicon Valley Bank (SVB), and $26.6 million from Trinity Capital. It is Petal’s first asset-backed facility with SVB and Trinity Capital. The firm says it complements its existing $300 million facility with global […]


Mastercard pushes ahead with B2B payments modernisation porgramme

May 12, 2020

Via: Finextra

Today, Mastercard is making that vision a reality by announcing the commercial launch of Mastercard TrackTM Business Payment Service. It offers greater control over payments and richer data exchanges that enable automated reconciliation for Suppliers and application of all payment […]

Capital and Risk, Credit, Regulations

Apple Card faces investigation over sexist credit limit claims

November 11, 2019

Via: Finextra

On Friday, David Heinemeier Hansson, a prominent technology entrepreneur, complained to his 355,000 Twitter followers that the Apple Card is “such a fucking sexist program” because its “black box algorithm thinks I deserve 20x the credit limit she [his wife] […]

Channels, Retail Banking

Bank of America releases Accounts Payable Optimization toolkit

October 18, 2019

Via: Finextra

Deciding between card, wire, automated clearinghouse (ACH) or supply chain finance depends on the nature of each individual supplier and is a complex, time-consuming task. To address that client need, Bank of America Merrill Lynch has introduced Accounts Payable Optimization. […]


Mastercard trumps Visa with £233m offer for Earthport

January 25, 2019

Via: Banking Technology

As reported earlier this month, Visa made an £198 million offer. At that time, the board of UK-based Earthport was recommending shareholders vote in favour of the deal. However, in the latest development, Mastercard has stepped in to upset proceedings. […]

Retail Banking

Mastercard seeks to break down trust barriers in Open Banking

June 5, 2018

Via: Finextra

The programme seeks to address the liability worries of banks sharing their data with third parties and to help startups to better communicate with their banking partners. For banks, Mastercard is building a pan-European directory of verified and legimate third […]

Retail Banking

Apple and Goldman Sachs to unveil new credit card

May 11, 2018

Via: Banking Technology

The WSJ cited people with knowledge of the process, and says the move comes as Goldman continues to make a push into consumer banking activities such as deposit-taking and personal loans. In a major blow to Barclays, the WSJ says […]

Capital and Risk, Operational, Uncategorized

US charges two over ATM jackpotting scheme

February 6, 2018

Via: Finextra

US authorities have charged two men with bank fraud after they allegedly used malware to jackpot ATMs and empty the machines of cash. Last week it emerged that the US Secret Service has been warning banks and ATM manufacturers that […]