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Nearly £60 Million Stolen in Card Fraud in Past 3 Years

Fintech Finance

Almost £60 million has been reported stolen through card fraud over the past three years in the UK according to new research from Trustly, the global leader in open banking payments. Credit card fraud is the most costly and common type of card fraud, according to Trustly’s research.

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Coinbase Rolls Out Visa Debit Card For Crypto Fans

PYMNTS

Cryptocurrency fans in the United States will soon have their own debit card for holiday shopping. The good news is that the new Coinbase Card handles all the conversions itself, exchanging whatever cryptocurrency that users have in their accounts to U.S. The pending arrival of the Coinbase Card in the U.S.

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BofA to reissue 4 million cards in rapid contactless push

Payments Source

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

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How open banking can transform the U.S. payments market

Payments Source

banks and payment companies are looking to Europe's example to see how open banking can push the market beyond its reliance on credit and debit cards.

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Today In Payments Around The World: PayPal, Mastercard Expand Debit Card Offering In Europe; ECB President Advocates For Digital Euro

PYMNTS

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering.

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Nubank Taps Wise to Enhance International Payments for Premium Clients

Fintech News

This collaboration allows Nubank to utilise Wise ’s infrastructure to offer multi-currency accounts and debit cards through its app, enabling customers to manage and spend money internationally with ease. They can also hold funds in USD and EUR, using an international debit card in over 200 countries and territories.

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NBK Unveils Payment Verification Service on Its Mobile Banking App

Fintech Finance

The service is available for the holders of NBK Debit Cards (Only on international spends), NBK Foreign Currency Prepaid Card, and NBK Multi-Currency Prepaid Card. To avail it, customers need to enable NBK Push Notifications.