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Skyrocketing fraud in the UK will likely lead to repayment requirements. Banks want other firms to help.
The partnership will let brands launch digital co-branded cards that operate on Amex’s network and integrate Amex Offers and other perks.
Starling posts a $44.1M profit as Varo Bank lays off 10% of its staff and plans to restructure.
Visa is reportedly in discussions to participate in Airlwallex’s Series E extension, which can help strengthen its card business and complement its cross-border payment efforts.
The lender said “healthy spend levels” boosted Q2 earnings, in line with other issuers.
A new report shows they favor online and mobile messaging, but want a human for complex topics.