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Credit Card

Apple to launch it’s credit card next year

SAN FRANCISCO: Apple has reportedly partnered with investment bank Goldman Sachs and might release a credit card next year, a media report said. A report in Wall Street Journal claimed that the new credit card -- which marks the end of Apple's credit card partnership with Barclays -- would use the Apple Pay branding. Goldman Sachs would also offer in-store loans to Apple customers, the report The move follows Goldman Sachs acquisition of the team behind Final, a credit card startup. Final's dozen employees later…

Bank bans bitcoin purchases via credit card

LONDON: Lloyds Banking Group on Monday joined major US banks in banning purchases of bitcoin and other cryptocurrencies via credit card amid debt and security concerns. An LBG spokesman said the ban was across its Lloyd Bank, Bank of Scotland, Halifax and MBNA branded credit cards. In a brief statement, he said LBG does "not accept credit card transactions involving the purchase of cryptocurrencies". Read More: Anonymous philanthropist makes $5 million bitcoin donation Over the past few days, US lenders Bank of…

Mastercard starts biometric payments – with a selfie!

PARIS: Shoppers in a dozen European countries can make online payments using a selfie from Tuesday, under a rollout by Mastercard of new payment technology. Removing the need to memorise a password, Mastercard said biometrics like fingerprints or facial recognition could now be used to verify a customer's identity. The technology, unveiled at the Mobile World Congress in Barcelona in February, has been tested in the Netherlands, US and Canada, the credit card company said. It is now available in 12 European countries…