credit cards
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Visa makes strategic investment in card processing startup Marqeta
Since 2010, Marqeta has quietly established itself as the underlying tech provider for businesses that are looking to issue virtual and physical debit and credit cards to employees, partners and customers alike. As it looks to expand internationally and sign up customers around the globe, the company has taken $25 million in strategic investment from payments heavyweight Visa. Read More
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New skimmers fit right on top of chip and PIN credit card scanners
As usual Mr. Krebs has some great images of a credit card skimmer found in the wild. This model uses Samsung phone parts and lays right over the Ingenico card scanners you’ve probably seen in stores. The interesting thing is that these scanners also support chip and PIN technology but, as evidenced by the photo, it looks like the retailer disabled it essentially sending the scanner back… Read More
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A new tool can crack a credit card number in six seconds
In what amounts to a very clever brute force attack, a group of researchers has figured out how to find credit card information – including expiration dates and CVV numbers – by querying ecommerce sites. The process, which was outlined in IEEE Security & Privacy, involves guessing and testing hundreds of permutations of expiration dates and CVV numbers on hundreds of… Read More
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SelfScore raises $7.1 million to help international students get credit in the U.S.
A startup called SelfScore has raised $7.1 million in new venture funding to help bring much-needed financial services to international students at U.S. colleges and universities. SelfScore co-founder and CEO Kalpesh Kapadia grew up in India, but moved to the U.S. for graduate school in 1995. That’s when he first noticed the challenges of assimilating into what he says is the… Read More
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LendUp fights big banks with $47M for compassionate credit cards
Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. It’s that strategy of building an enduring consumer banking brand on the principle of compassion that… Read More
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UnionPay’s mobile payments land in North America with Canada debut
China’s UnionPay is bringing its mobile payment system to North America, starting with a launch today in Canada. The UnionPay International subsidiary of China’s interbank network in China, which creates a unified debit and credit card payment network for the country’s banks. UnionPay is actually the third-largest payment network in the world, behind Visa and MasterCard, owing… Read More
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Tally raises $15 million for app to make credit cards less expensive, easier to manage
San Francisco-based Tally Technologies raised $15 million in Series A venture funding to launch an app that promises to help people maintain good credit while avoiding fees, charges and other credit card affiliated pains. Shasta Ventures led the Series A and was joined by the company’s earlier backers — Cowboy Ventures and AITV. Silicon Valley Bank also invested. Read More
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What marketers can learn from the economy of convenience
If you think about it, money is a ridiculous concept. Without going into a William Jennings Bryan gold standard history lesson, let’s just say the idea that I can hold this thing, this little cloth rectangle of varying denomination, and exchange it for tangible goods and services is, at the very least, a system of belief. How we carry our money, and how we’ve evolved to think… Read More
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Where Does Apple Pay Stand On Its First Birthday?
While the “year of Apple Pay,” as Apple CEO Tim Cook dubbed 2015, still has a ways to go, the product’s first anniversary is rapidly approaching. And, considering Android Pay’s recent unveiling, it seems that its competitors are, as well. So, as we prepare to celebrate, the question is: How are things going? Read More
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Capital One Debuts A New Mobile Wallet App, Designed To Work With Apple Pay
Just ahead of Apple Pay’s public release, a top credit card provider, Capital One, has rolled out a new mobile wallet app for cardholders that will work with Apple’s forthcoming mobile payments platform to provide users with detailed information on their Apple Pay transactions, in addition to balance rewards access, and other features. The app was soft launched on iOS earlier… Read More
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