4 January 2018 | Banking techs | Biometric techs | Debit cards | News | Prepaid cards

Bank of Cyprus has entered into a partnership with Gemalto, an international provider of digital security solutions, to offer its customers a convenience of combined EMV and biometric recognition card for making contact and contactless payments at the points of sales.

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22 December 2017 | Debit cards | Financial startups | News | Prepaid cards

FairFX, a London-based foreign exchange company, announced that it has been granted a license from Mastercard, enabling it to issue co-branded prepaid cards across European countries. Providing corporate payment solutions and other financial products to business customers, FairFX made this announcement just a month after it uncovered its plans to introduce current accounts for small businesses.

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8 December 2017 | Analytics | Articles | Financial startups | Prepaid cards

Shopping is an exciting experience bringing a bunch of emotions along with purchased items serving their intended purposes. However, shoppers may not always have those days, when every purchase is affordable all at once, and some customers give their nod to services providing installment payments, which appear more convenient as the large amount is divided into smaller parts. While this practice has become very common for physical stores, what options do Internet surfers have to shop online by paying in parts?

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6 December 2017 | Analytics | Debit cards | News | Prepaid cards

EMVCo, a technical body that facilitates global interoperability and secure transactions by managing EMV standard for smart cards, reported the figures for the period from July 2016 through June 2017, which reveals that 58.9% of card present transactions were made over the given time span using EMV-chip-based cards. The figures included both contact and contactless payments overseen worldwide.

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24 November 2017 | Analytics | Articles | Financial fraud and hacking | Prepaid cards

Prepaid cards are increasingly gaining momentum in some countries, where emerging fintech startups, providing payment services, offer prepaid debit cards for their users as a better spending control alternative to credit cards. While, scamsters are generally focused on traditional bank accounts, as these have the full balance of money owned by a victim, prepaid card frauds in the United States alone amounted to $500 million in 2015. Below are major prepaid card fraud schemes and recommendations from experts on how to avoid being burned.

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