Worldpay Expands in the UK with Santander Partnership

Worldpay offers more products and services in the UK than it does in the US where it has multiple bank partnerships. Santander is Worldpay’s first in the UK and second in Europe. It has a partnership deal with PTSB Bank in Ireland.

Merchant of Record Processing Model

Paddle handles billing for one-time purchases as well as monthly, quarterly and annual subscriptions, including trial offers, and takes care of all tax and regulatory compliance issues.

Thales Payment Services’ D1 Platform

Thales Payment Services’ cloud-native D1 digital platform supports delivery of card issuing and payment services, including push provisioning digital cards to mobile wallets, issuing virtual cards with dynamic credentials and real-time ordering and tracking of physical cards.

Card Industry Litigation Updates in the US and UK

The UK’s Competition Appeal Tribunal has ruled unanimously that Visa and Mastercard rules pertaining to default multilateral interchange fees (MIFs) violate competition laws in the UK and Ireland.

Card Payments in Europe

Other factors that motivate the move to sovereignty these days include stricter European standards for the protection of commercial and personal data, using tougher European protocols to secure card transactions and the desire to impose lower interchange and network fees for transactions that occur between a cardholder and merchant from different countries within Europe.

Top Merchant Acquirers in Europe—2024

The acquirers listed here handled 216.16 billion global brand and domestic-only debit, credit and prepaid card transactions to purchase goods and services in 2024. This was up 9.6% over 2023. The purchase volume of those transactions grew to $6.635 trillion. For the complete ranking, data and tables, please log in and download Issue 1287. Bancontact, […]

Dynamic CVV on Mobile App

Safecypher’s dynamic CVV can be used with Apple and Android smartphones and tablets that incorporate biometric authentication.

Visa Adds BNPL Cards

Most buy now, pay later (BNPL) purchases initiated through fintechs are authorized outside of the global card networks yet the vast majority of those transactions are paid off using a global brand debit card.