Payments News

On The Web

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Affirm to Launch Buy Now, Pay Later Debit Card

“San Francisco-based Affirm Holdings Inc said on Thursday that it is planning to launch its first payment card allowing users to pay for some purchases in installments, as the buy now, pay later (BNPL) sector booms. Founded in 2012, Affirm has become one of the most well known buy now, pay later firms in the […]
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Providers

Capital One Starting to Raise Credit Limits in Hunt for Growth

“Capital One Financial Corp. has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit-card business. Increases are being offered to existing customers with both prime and subprime credit scores, Chief Executive Officer Richard Fairbank said at a virtual investor conference Wednesday. The company continues to hand […]
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Providers

NatWest Open Banking Upgrade Wants to Try and Kill Off Cheques for Good

“NatWest has unveiled a significant improvement to its open banking payments service . The enhancement to Payit by NatWest is aimed primarily at business users and promises to offer added convenience when companies need to send payments.   Payit by NatWest will now let businesses send payments directly to their customers without needing to have […]
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VibePay Continues the March to Bring Open Banking to Consumers

“VibePay has today announced it is bringing together AISP and PISP, leveraging its ability to practically apply Open Banking technology and take it to consumers. VibePay users can now connect all of their bank accounts to the app, giving them the power to view all of their balances, transactions and make payments in one place, regardless of who they bank with. […]
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Global

Open Banking Is Coming to Nigeria

“Last week, the Central Bank of Nigeria (CBN) released draft regulations for the open banking framework in Nigeria. It’s in line with the prediction by Stears Business that conversations around open banking regulations would move forward in Nigeria in 2021. What’s all the fuss about? Open banking, often described as the future of banking, is the idea […]
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Lloyds Taps Into Mastercard’s Open Banking Connect System

“Lloyds Banking Group is tapping Mastercard’s Open Banking software to enable customers to pay off their credit card bills via their mobile app and draw on funds directly from a current account of their choice. By initiating a PISP (Payment Initiation Service Provider) payment using Mastercard’s Open Banking Connect system, Lloyds Banking customers will no […]

On The Wires

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Varo Bank Introduces Varo Believe, a New and Better Way for Millions of Americans to Build Credit

“Varo Bank , the first all-digital nationally chartered bank in the US, today introduced the Varo Believe Program*, an innovative credit building product that includes a Visa credit card and credit monitoring. The Believe Program is aimed at the 45 million Americans who are “credit invisibles” – meaning they have insufficient credit history to qualify for […]
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Afterpay and Stripe Partner to Offer ‘Buy Now, Pay Later’ Payments for Merchants

“Afterpay (ASX: APT) the leader in “Buy Now, Pay Later,” today announced a partnership with Stripe, the technology company building economic infrastructure for the internet. The two companies are joining forces to offer Afterpay’s payment service to Stripe merchants through an easy and seamless integration. The partnership allows both new and existing Stripe merchants to […]
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BBVA and Google Cloud Form Strategic Partnership to Drive Security Innovation in Financial Services

“BBVA and Google Cloud today announced a new strategic partnership to transform the bank’s security strategy by optimizing and improving its security infrastructure. As part of this global agreement, BBVA will collaborate with Google Cloud in the development of groundbreaking new artificial intelligence (AI) and machine learning (ML) models to predict and prevent cyberattacks against […]