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Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards

PYMNTS

In the wake of the collapse of its initial public offering of stock (IPO), China’s Ant Group is scaling back the borrowing limits for some of the young users of Huabei. That arm of the financial technology (FinTech) giant offers a virtual credit card. Chinese regulators are looking to strengthen the rules for FinTechs.

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CFPB should reconsider prepaid rule

Payments Dive

The Consumer Financial Protection Bureau should revisit its rule affecting digital wallets, peer-to-peer payments and prepaid cards, writes one fintech group leader.

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Checkbook Launches Virtual Cards After Joining Visa FinTech Program

PYMNTS

Checkbook has joined Visa 's FinTech Fast Track program and launched Virtual Cards , a program that will expand the reach of real-time payments, according to a press release. Virtual Cards were created by Checkbook to reduce the fear of losing a wallet or being a target of credit fraud, according to the release.

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Two more groups submit Singapore digital banking license bids

Bank Innovation

Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits. Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd.

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exceet Card Group cooperates with green banking fintech ecolytiq

The Paypers

Germany-based payment card producer exceet Card Group has announced a strategic cooperation with the green banking fintech ecolytiq.

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SMB Card FinTech Bucks Coronavirus Uncertainty With Funding

PYMNTS

companies, including $75 million landing at one FinTech looking to bolster small business credit card payment adoption. The firm safeguards businesses to mitigate the risk of online fraud for themselves and their customers, combatting attacks including account takeovers, scraping, gift card fraud, spam and more. ”

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Paystand Takes Aim At Corporate Expense Cards With New ‘Zero Card’

PYMNTS

Goodbye, corporate expense cards and hello, “Zero Card?”. 6) rolled out its new Zero Card , a touchless, pre-paid, digital corporate expense card that the California FinTech is hoping will give the traditional corporate expense card a run for its money. Paystand on Thursday (Aug.

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