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UK Card Services Get A Closer Look From Regulators

PYMNTS

. “Card payments are critical to the smooth running of the U.K. They are a popular way for consumers to pay for goods and services, and their use is growing,” the PSR wrote in its blog post on the forthcoming review.

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Brex Raises VC Funding As It Launches Card For Startups

PYMNTS

According to a company blog , Brex said the investors in this round of fundraising included Y Combinator Continuity , PayPal Founders Peter Thiel and Max Levchin, Facebook investor Yuri Milner, financial services VC Ribbit Capital and former Visa CEO Carl Pascarella.

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Revolut Taps Xero For SMB Expense Offering

PYMNTS

company announced in a blog post on Thursday (Aug. Businesses and freelancers using the paid version of Revolut’s business services are able to access the expense management tool to manage their spending in real time, with the ability for managers to accept or reject expenses made by members of their team.

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Open Banking in Oman

Open Bank Project Blog

The concept of open banking became more tangible and essential in the Sultanate as the sector faced the consequences of the coronavirus pandemic: a growing demand for mobile banking apps, contactless credit card services, and e-commerce.

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Enterprise Fraud Solution Buyers Want More Agility, More Data

FICO

Prior to joining FICO, Drew spent seven years with Wells Fargo Card Services, honing his fraud management skills on the front lines by managing point-of-sale and fraud prevention strategies. chevron_left Blog Home. Enterprise Fraud Solution Buyers Want More Agility, More Data. FICO Admin. Tue, 07/02/2019 - 02:45. See all Posts.

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How Much Do Credit Card Companies Charge Merchants?

Stax

The purpose of an interchange fee is to compensate the card issuer for the risk and operational costs associated with providing the credit or debit card service to the customer. Strictly speaking, merchants do not pay interchange fees directly to the card network.