Payments News

On The Web

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Systems

Brex Partners With TravelBank To Launch Bitcoin And Ether Rewards Program For Businesses

“Fresh off last month’s massive $425M fundraise at a $7.4 billion valuation, Brex, an all-in-one financial services provider for small and medium-sized businesses, is launching one of the first crypto rewards programs for corporates…Brex’s rewards partner, TravelBank, will power the zero-fee rewards redemption program, allowing users to input the amount of points they want to […]
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Systems

Credit-Card Debt Keeps Falling. Banks Are On Edge.

“Americans are paying down their credit-card debt at levels not seen in years. That is good news for everyone but credit-card issuers. Large card issuers that cater to borrowers ranging from the affluent to the subprime say that overall card balances—and thus the firms’ interest income—are falling. To make up for it, issuers are spending […]
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Systems

Credit Card Companies Are Bringing Back Huge Points Offers

“A 125,000-point sign-up bonus. Credits for Equinox personal training. An exclusive airport lounge with cold brew on tap. The country’s largest banks are pulling out all the stops to lure customers to take on new credit cards again, after retreating from such deals during the Covid-19 pandemic. Call it the return of the rewards war for […]
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Systems

SoFi CEO Dives Deeper Into Crypto With Bitcoin, Ethereum Rewards

“Social Finance Inc. is edging deeper into cryptocurrencies, allowing its customers to redeem rewards earned through the company’s app for Bitcoin or Ethereum. Starting Thursday, clients can apply their 2% cash-back rewards on the SoFi credit card toward the two cryptocurrencies, Chief Executive Officer Anthony Noto said in a phone interview. The crypto program is […]
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Global

Fiserv Partners With Brazil’s Caixa Economica Federal in Card Deal

“Payments company Fiserv (FISV.O) has reached a deal with Brazilian state-controlled lender Caixa Economica Federal to offer its card services to the bank’s clients, according to a securities filing on Monday. The deal estimates a total payment volume processed of 457 billion reais ($84.06 billion) throughout the next 20 years. The value of the deal […]

On The Wires

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Rho Technologies Launches First-Ever Corporate Card Providing Flexible Terms

“Rho Technologies, the high-growth fintech enterprise behind Rho Business Banking *, today announced the launch of the Rho Card , the first-ever, bank-issued corporate card that gives businesses the ability to flexibly manage their cash back, credit terms, company spend controls and policies – all on their terms. This unique corporate card Mastercard was designed […]
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Systems

Deserve Launches Digital First Card on Mastercard Network for Mobile-First Experience

“Deserve, a fast-growing fintech startup based in Palo Alto, unveiled its Digital First Card, a revolutionary product that can decision consumers in minutes and allow the opportunity for instant spending. The proprietary mobile-first platform will power mobile cards for major co-brand partners, affinity groups, and corporations that want to offer an embedded and seamless credit […]
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Systems

Gemini Partners With Mastercard to Launch New Crypto Rewards Credit Card This Summer

“Gemini , a cryptocurrency platform, today announced details of its first-of-a-kind cryptocurrency rewards credit card, including a partnership with Mastercard and WebBank, a leader in digital lending and the bank issuing the credit card. Since it was first introduced in early 2021, the Gemini Credit Card has amassed more than 140,000 people on its waitlist…The […]
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Systems

Canadian Bitcoin Platform Shakepay Partners With Marqeta To Power Innovative New Card Offering

–Shakepay, a Montreal-based financial technology platform that allows Canadians to buy and sell digital currency and pay their friends, announced today that it has partnered with Marqeta, the global modern card issuing platform, to power the launch of a new Visa prepaid card for Shakepay customers, issued by Marqeta’s sponsoring financial institution People’s Bank.