Today in FinTech: Marqeta, Western Union Team for Digital Banking, Cards; Prove Steps up Fight for APP Fraud; Thought Machine Offering Cloud-Native Cards

In today’s FinTech news, Marqeta and Mastercard are working together to offer digital banking in Europe with funds paid to cards. Plus, the digital identification firm Prove Identity is stepping up the battle to help slay authorized push payment (APP) fraud.

Marqeta Partners With Western Union for Digital Banking in Europe

Card issuing platform Marqeta is integrating with Western Union’s digital banking platform in Europe, which offers a real-time multi-currency digital wallet. With Marqeta’s card issuing platform, customers will have access to Western Union’s entire remittance service online with funds paid out to a physical or virtual Visa card.

Prove Steps up Fight Against Authorized Push Payment Fraud in UK

Digital identification firm Prove Identity is using its Trust Score to collaborate with financial firms and mobile carriers in the U.K. to step up the fight against authorized push payment (APP) fraud and scams.

Prove’s Trust Score is striving to give banks the tools needed to help fend off APP attacks by analyzing telecommunications signals and behavior patterns to spot possible fraud-like activity during high-risk transactions.

Thought Machine Partners with Mastercard for Cloud-Native Cards

Banking technology platform Thought Machine is launching Vault Payments, a cloud-native payments processing platform, on the Mastercard network.

Vault Payments aims to enable banks to create payments, consolidate systems and lower the overhead associated with the execution of cards and payment processing. Developed from the ground up, Vault Payments is scalable, configurable and operates in real time.

FinTech Metal Pay Launches Finance App to 30 New Markets Across EU, EEA

Digital assets technology firm Metallicus is expanding its free financial app Metal Pay across the European Union and European Economic Area.

Metal Pay enables people to buy and sell more than 65 cryptocurrencies and links directly with the user’s cash balance. In Europe, Metal Pay offers users cryptocurrency trading, direct deposit of wages, bill payments and 0% fees for USDC purchases.

Airwallex Streamlines Invoice Payments with Expanded Xero Collaboration

Payments platform Airwallex is expanding its partnership with accounting software firm Xero with the goal of streamlining how Australian businesses get paid. The expanded collaboration gives Xero customers access to Airwallex’s multi-currency capabilities and the ability to settle invoices in multiple currencies.