The amount Britons will be able to spend on contactless cards without entering their Pin could more than double to £100 under new proposals proposed by regulators.
The Financial Conduct Authority said it would be seeking views on whether to up the contactless limit from £45 currently as part of a consultation in recognition of changing behaviour in how people pay.
The move would mean British families would be able to pay for their average weekly grocery bill, £56.60 in 2019, or fill up a 55-litre Ford Focus, which costs around £65 now, without keying in the four-digit password.
Grocery bills and petrol costs could be paid for without entering a four-digit Pin code under the proposals
TradeCore selects Tribe Payments as issuer processor
Media
Tribe Payments will process payments for and provide advanced authentication to TradeCore’s issuing customers
London, 12th January 2021 – Tribe Payments, an issuer/acquirer processor and payment technology provider, today announced that TradeCore, the full stack fintech platform, has selected it as its issuer processor. The partnership means that Tribe Payments will be the issuer processor for card programmes delivered by TradeCore to its customers.
TradeCore is a Banking-as-a-Service provider that enables fintechs to build next-generation banking and investment products. The TradeCore platform offers digital banking, card issuing, traditional and alternative investments, crypto and KYC/AML products to fintechs via standardised APIs to accelerate time to market, reduce compliance burden and lower capex costs.
January 12, 2021 4:15 PMTech
- By
FORT LAUDERDALE, Fla. Segpay, a global leader in digital payment processing, announced today that it finished 2020 up significantly in overall revenue, capping one of the most successful year in the company’s 15-year history. This growth was fuelled by CAM merchants which outperformed all other market niches representing more than half of Segpay’s transaction volume, growing 55% year over year. Subscription-based merchants also powered Segpay’s growth, up 33% year over year.
“We made CAMs our focus five years ago and modified our system, streamlining and simplifying the checkout process to best support this segment,” said Segpay CEO Cathy Beardsley. “Our risk tools are configurable by merchant, country and user level bringing flexibility to serve each merchant’s unique needs and requirements.”