The Payment Systems Regulator has fined Barclays Bank £10 million for failing to supply retailers with full information about the fees attached to different card services.
TreeCard, the provider of a wooden Mastercard debit card that channels profits from merchant surcharges into reforestation programmes, has raised $23 million in a funding round involving Peter Thiel's Valar Ventures, World Fund and EQT, Seedcamp, Episode 1 and various angels.
Saudi British Bank (SABB) has announced a strategic partnership with Visa's Cybersource payment gateway and risk platform, to enhance the bank's payment gateway capabilities
Tencent Financial Technology has introduced Tenpay Global, a new international brand for its cross-border payment business with new remittance capabilities to Weixin