Paypal has announced new partnerships with US bank Citi and financial technology services provider Fidelity National Information Services (FIS). The deal with Citi will see Citi cardholders able to use their card through PayPal at the point of sale, where Visa or Mastercard contactless payments are accepted. PayPal adds working with FIS would allow them to “provide a more seamless way for their thousands of bank issuers to drive more digital spend with their customers through PayPal accounts”.
- Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit
- Accenture issues $280bn payments revenue warning to banks
- Monzo to use app notifications to address Strong Customer Authentication communications issues
- Apple expands 3% cashback network for Apple Card holders to Walgreens and Duane Reede stores
- PepsiCo unveils customer loyalty programme that delivers cashback rewards to PayPal and Venmo accounts
