| Date | Title | Description |
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| Oct 6, 2017 | Univision Mastercard Prepaid Card Hits Walmart Shelves | Univision Mastercard Prepaid Card is now available in approximately 300 Walmart stores in California, Texas and Florida. The move is part of the brand’s continued expansion into retail spaces in prominently Hispanic regions.
The GPR card, w... |
| Oct 4, 2017 | Starling Bank Expands with Business Accounts | Starling Bank, one of the first banking challengers to offer a mobile-only current account in the U.K., is expanding into the business market, reports Banking Technology (Paybefore’s sister publication).
The Starling for Business account in... |
| Oct 4, 2017 | Snapsheet, KeyBank Launch Virtual Insurance Payouts | Snapsheet, a provider of virtual claims technology for the insurance marketplace, is partnering with KeyBank, a top 30 U.S. bank by assets, for the launch of Snapsheet Transactions, a payment solution for insurance claims.
“Check production... |
| Oct 4, 2017 | Spafinder Improves Gifting Options ahead of Holidays | Spafinder, a marketing, gifting, incentives and rewards brand owned by Blackhawk Network, has unveiled new gift card technology, expanded distribution and additional partner services to make giving the gift of spa and beauty experiences eas... |
| Oct 4, 2017 | RGCA Expands Membership, Preps for Next-Gen Gift Cards | The Retail Gift Card Association, which recently opened up its membership to companies that support the closed-loop gift card industry (not just retailers), kicked off its inaugural RGCA Forum in Kansas City, Mo., this week.
The sold-out ev... |
| Oct 2, 2017 | Mastercard Wants to Help Issuers Fight Card Fraud Faster after Data Breaches | Shutterstock/Dirk Ercken
On the heels of Equifax’s massive data breach that compromised 143 million identities, Mastercard today (Oct. 2) announced the launch of Early Detection System, which alerts banks to high-risk cards and accounts tha... |
| Oct 2, 2017 | Wirecard Gives boon a Boost with Virtual Prepaid, P2P and Overdrafts | Pay Award-winning payments technology company Wirecard is expanding its mobile payment app boon with new features, including a virtual prepaid card, P2P payment service and flexible overdrafts.
Starting in November, all boon iOS users will ... |
| Sep 29, 2017 | CFPB Financial Well-Being Report Underscores Industry Opportunity | Earlier this week, the CFPB released its first national survey on the financial well-being of U.S. consumers and a tool to help consumers see how they stack up. More than 40 percent of U.S. adults struggle to make ends meet, according to th... |
| Sep 29, 2017 | Whole Foods Market Reports Breach | On Sept. 28, Whole Foods Market announced it had recently received information regarding unauthorized access of payment card data used at certain venues such as taprooms and table-service restaurants located within some of its stores.
The v... |
| Sep 29, 2017 | CPI Names Scott Scheirman CEO | CPI Card Group, a provider of financial card production and related services, announced the appointment of Scott Scheirman as president and CEO, effective Oct. 5, 2017. He succeeds Steve Montross, who is retiring from the company but will c... |
| Sep 29, 2017 | Chime Pulls in $18 Million, Surpasses 500,000 Bank Accounts | Chime, a mobile banking challenger that says it helps customers avoid fees and automate their finances, has raised $18 million in Series B financing, led by global venture fund Cathay Innovation.
The company, co-founded by prepaid veteran C... |
| Sep 28, 2017 | Alexa Is Making ‘Her’ Presence Known | While Google is doing its impression of a petulant child, storming home from the park with its football tucked under its arm by barring Amazon Echo Show access to YouTube, Amazon has drafted a host of reinforcements for its Alexa offensive,... |
| Sep 28, 2017 | Pindrop Releases ‘Next-Gen’ Phoneprinting with Machine-Learning Might | Pindrop, an Atlanta-based voice security and authentication firm, has released Pindrop Protect 4.0, which includes its patented high-definition Phoneprinting technology that analyzes more than 1,300 features of a call’s audio to detect the ... |
| Sep 28, 2017 | Rodney C. Adkins Joins PayPal’s Board of Directors | Rodney C. Adkins and Dan Schulman
PayPal has welcomed Rodney C. Adkins to its board of directors. Adkins is President of 3RAM Group LLC, a privately held company specializing in capital investments, business consulting services and property... |
| Sep 27, 2017 | Wirecard Continues Alipay Push with Merchant Deals | Wirecard has announced two partnerships this week to expand Alipay acceptance in Europe, one with Schustermann & Borenstein and another with Swarovski Crystal Worlds.
The deal with the textile retailer and exporter expands on a five-yea... |
| Sep 27, 2017 | TransferMate Appoints Former Intuit Exec as Director of Strategic Partnerships | TransferMate, a Dublin-based B2B payments platform, has named Fabrizio Zanollo as director of strategic partnerships.
Zanollo comes to TransferMate with more than 15 years of experience across technology and financial services at such compa... |
| Sep 26, 2017 | First Tech Credit Union Goes Live with Zelle | First Tech Federal Credit Union announced that the Zelle P2P service is live in its mobile banking app, enabling payments for more than 110,000 First Tech mobile banking members.
Zelle, powered by payments and risk management firm Early War... |
| Sep 26, 2017 | Hawk Incentives Launches Mastercard Prepaid Incentive Card for Mobile Wallets | Hawk Incentives, a Blackhawk Network business that provides rewards and incentive solutions, has unveiled a new open-loop Mastercard prepaid card that can be added to major mobile wallets.
Blackhawk’s Digital Pass technology underpins the m... |
| Sep 25, 2017 | Cashplus Expands with £30 Million Debt Facilities Led by RBS | Cashplus, a London-based alternative financial services provider—and Top 5 Best Challenger Bank—has announced two new, three-year funding arrangements totaling £30 million (US$40.52 million).
Senior debt facilities will be provided by NatWe... |
| Sep 25, 2017 | Mastercard, Swarovski Launch VR Shopping | Mastercard and Swarovski have teamed up to launch a virtual reality (VR) shopping app for the Atelier Swarovski home décor line. The app immerses consumers in a home, where they can browse and purchase the pieces with Masterpass.
This new s... |
| Sep 21, 2017 | Bento for Business Names Jeff Pomeroy VP of Product | Pay Award-winning Bento for Business, a provider of employee expense management solutions for small businesses, has named Jeff Pomeroy vice president of product. Pomeroy will direct all product development and deployment at the San Francisc... |
| Sep 21, 2017 | TerraPay Partners with Bux for Mobile Money Transfers to India | TerraPay, a mobile payments switch, has partnered with bux, a mobile app money transfer service, to enable instant cross-border money transfers from Australia, Hong Kong, the U.K. and Europe to India.
Bux customers now are able to transfer ... |
| Sep 21, 2017 | Fifth Third Bets on Gaming with Investment, Partnership | Fifth Third Bancorp is placing its bets on the newly merged gaming payments companies NRT Technology Corp. and Sightline Payments, announcing a strategic relationship and equity investment in NRT Sightline, “one of the largest pure-play cas... |
| Sep 20, 2017 | UnionPay Taps Allied Wallet for Prepaid Launch in Europe | Allied Wallet, a Los Angeles-based provider of online payment processing, is partnering with UnionPay International to issue a UnionPay-branded prepaid card, the “first ever’ partnership of its kind in Europe.
Allied Wallet, which offers pa... |
| Sep 19, 2017 | Hyperwallet Taps B2B Payments Veteran for Executive Role | Hyperwallet, a global payouts provider to millions of independent workers, has hired Derrick Walton as its new executive vice president of global financial networks. A payments industry veteran, Walton will be responsible for building and m... |
| Sep 19, 2017 | Juniper: Apple Users Likely to Reject Facial Recognition | A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPho... |
| Sep 19, 2017 | Raise Pulls in $60 Million in Funding, PayPal Joins Party | Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Pa... |
| Sep 18, 2017 | Viber Brings Good Vibes to Addiko Bank’s Chat Banking Payments | Austrian banking group Addiko has unveiled chat banking for its customers—the “first ever” Viber-based financial transaction service available in Croatia, reports Paybefore sister publication Banking Technology.
Called “Addiko Chat Banking,... |
| Sep 18, 2017 | EML Payments Europe Partners with Fortuna on Gaming Payout Cards | EML Payments Limited announced that its wholly owned subsidiary EML Payments Europe Limited has entered into a multiyear agreement with Fortuna Entertainment Group to provide branded reloadable cards for customers to access their winnings o... |
| Sep 18, 2017 | Barcode Payments Spread across Africa with M-vendr, PiP iT | M-vendr, a U.K.-based tech company with a POS pay-in system across 12 African nations, has signed an agreement with international cash payments platform PiP iT to integrate the latter’s barcodes across its network of 45,000 merchant locatio... |
| Sep 18, 2017 | InComm OLS, NBS Fuel Gift Card Growth with Gas Pump Integration | Consumers now will be able to use some gift cards to pay at the pump, thanks to a partnership with On-Line Strategies Services LLC (InComm OLS), a wholly owned subsidiary of InComm, and National Bankcard Services (NBS).
InComm OLS has integ... |
| Sep 15, 2017 | Blockchain and Bitcoin Roundup: JP Morgan Chase, Japan’s Regulator, Wish Finance | Arguments, exchanges and something getting launched. It’s our blockchain and bitcoin roundup, courtesy of sister publication Banking Technology. Features JP Morgan Chase, the Financial Services Agency of Japan and Wish Finance.
There will b... |
| Sep 15, 2017 | Mercator: Consumer Prepaid Sales Drop in U.S. | U.S. consumers aren’t buying as many prepaid cards, according to a new consumer survey from Mercator Advisory Group. The data show 56 percent of U.S. adults bought prepaid cards in the year preceding the June survey, down from 63 percent in... |
| Sep 14, 2017 | U.K. to Get New Payment Systems Operator by Year’s End | Payment Systems Regulator (PSR) and Bank of England (BoE) have revealed that the U.K. will be getting the New Payment Systems Operator (NPSO) by the end of 2017, reports Paybefore sister publication Banking Technology.
The duo says that the... |
| Sep 14, 2017 | OCC Isn’t Ready for Fintech Charter Applications Just Yet | Acting Comptroller of the Currency Keith Noreika told FinovateFall attendees in New York this week that the agency is still in the exploratory phase of its fintech charter, according to news reports.
The controversial fintech charter has be... |
| Sep 14, 2017 | Google Gets into Digital Payments Fray in India | Shutterstock/TCmakephoto
Google is expected to launch a mobile payments app in India next week, according to several news reports. Google Tez, which means “fast” in Hindi is the anticipated name of the payments service, which Indian news ou... |
| Sep 13, 2017 | FirstView Financial Names Bob Raffo New CEO | Bob Raffo Jr. has joined the Pay Award-winning prepaid program manager and processor FirstView Financial as president and CEO.
With more than 30 years of executive experience in accounting and finance, system design and implementation, tech... |
| Sep 12, 2017 | Nets Takes Real-Time P2P to Mobile Wallet Vipps | Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.
Users of Norwegian b... |
| Sep 12, 2017 | Payments funding round-up: 12 September 2017 | Paytech start-ups continue to make headlines with investments and accolades, writes Paybefore (Banking Technology’s sister publication).
Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technolo... |
| Sep 11, 2017 | Fintech Roundup: B2BPay, PayJoy & Pineapple Payments | Fintech startups continue to make headlines with investments and accolades. Pineapple Payments announced a $35 million equity investment for its merchant-focused payments technology, PayJoy snagged $6 million while B2BPay won BBVA’s Open Ta... |
| Sep 11, 2017 | Collinson Group Buys Linkable Networks Platform to Expand in U.S. | Another day, another acquisition—this time with a focus on card-linked offers. London-based Collinson Group, on Sept. 8 announced it’s purchasing “a number of assets” from Boston-based Linkable Networks, including Linkable’s card-linked-off... |
| Sep 11, 2017 | BioConnect on Where to Start with Biometrics Investment | Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest ... |
| Sep 8, 2017 | Report: Mobile Wallets Reach ‘Tipping Point’ | This week Apple Pay celebrated its third birthday, and ACI Worldwide and Aite Group released data on rising mobile wallet usage, indicating that consumers in the U.S. and Europe are starting to catch up with those in Asia and Latin America ... |
| Sep 8, 2017 | Epipoli Acquires Social Shopping Company | Epipoli, the Pay Award-winning Italian gift card distributor with a network of 50,000 stores, has acquired 100 percent of social shopping and offers company Groupalia from entrepreneur Andrea Gualtieri.
Groupalia specializes in the sale of ... |
| Sep 7, 2017 | Incentive Marketing Association Names New President, Board | John Hornbogen, director, business development, RPG Card Services, is the 2017-2018 president of the Incentive Marketing Association (IMA) board of directors.
Hornbogen brings incentive buying and selling experience, which provides him with... |
| Sep 7, 2017 | Amazon’s Alexa speaks to US Bank customers | Have I got any money, Alexa?
More than a year after Capital One unveiled the feature, US Bank customers still are among the first in the US to be able to complete banking tasks, writes Paybefore (Banking Technology‘s sister publication).
Cu... |
| Sep 7, 2017 | MoneyGram Expands MobilePass to 35,000+ Locations | The U.S.’s No. 2 remittance provider is expanding its MoneyGram MobilePass service to its entire U.S. network of 35,000 agent locations.
Initially launched as a pilot program inside more than 3,000 U.S. agent locations last year, MoneyGram ... |
| Sep 6, 2017 | Alexa Speaks to U.S. Bank Customers | More than a year after Capital One unveiled the feature, U.S. Bank customers still are among the first in the U.S. to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command... |
| Sep 6, 2017 | Onosys, LevelUp ‘Supercharge’ New Customer Acquisition for Restaurants | LevelUp’s nearly 1 million active users, as well as Chase Pay mobile wallet users, will have access to thousands more restaurants for order- and pay-ahead options, thanks to a deal with Onosys.
Onosys provides custom digital-ordering soluti... |
| Sep 6, 2017 | Payments Industry Steps up to Help Harvey Victims | Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.
Mastercard is donating $100,000 to the American Red... |
| Sep 5, 2017 | Top 5 Best Challenger Banks: Spotlight Profiles | In July, we asked Paybefore.com visitors to vote on the best challengers to traditional banks globally.
Our definition of “challenger bank” was flexible in that we didn’t require a banking license to be considered. In fact, only one of the ... |
| Sep 5, 2017 | Winners’ Showcase: 2017 Pay Magazine – Awards Issue Is Here | The wait is over. The 2017 Pay Magazine – Awards Issue is here.
In our second edition, we celebrate the 11th annual Pay Awards, an industry competition that shines a spotlight on the very best in prepaid, retail and loyalty, and payments te... |
| Sep 5, 2017 | Funding Circle Joins CFSI | Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
Through research, advocacy, investment and partnerships with a network of like-minded providers acr... |
| Sep 4, 2017 | The Monday mindset: 4 September 2017 | Wave hello to all the money
Fintech zeitgeist! Every Monday, we might look back at last week; look ahead to this week; share a few thoughts (our own or others); or discuss anything that catches our eye.
This week Loraine DeBonis, editor-in-... |
| Sep 1, 2017 | Mastercard, Commonwealth Bank Work for Financial Inclusion in Indonesia | Commonwealth Bank and Mastercard are working together to improve financial inclusion for Indonesian women with a focus on business owners.
This collaboration under the WISE (Women Investment Series) program will enhance formal networks to e... |
| Sep 1, 2017 | Fed Names Dave Sapenaro New Payments Strategy Director | The Federal Reserve has a new payments strategy director. Dave Sapenaro, first vice president and chief operating officer of the Federal Reserve Bank of St. Louis, will lead payment system improvement initiatives described in the regulator’... |
| Sep 1, 2017 | How Does Your Prepaid Card Rank? | Two reports ranking U.S. consumer prepaid cards were released in August. Find out which cards made the lists and why.
WalletHub published its 2017 Prepaid Cards Report on Aug. 31 after its editors evaluated 39 of the most popular prepaid ca... |
| Aug 31, 2017 | ShopKeep Expands into SMB Lending | ShopKeep, doesn’t just want to help small businesses accept payments, it wants to help them grow their businesses.
The company, whose cloud-based payments acceptance technology is used by more than 24,000 independent businesses, has launche... |
| Aug 31, 2017 | Top 5 Best Challenger Banks: Fidor Bank | Our final spotlight article for our Top 5 Best Challenger Banks list is the only actual bank in the bunch. See how Germany-based Fidor Bank stacks up against the high street banks and its nonbank competitors.
Company Name: Fidor Bank
Locati... |
| Aug 31, 2017 | Wells Fargo Fake Bank Account Scandal Grows | The scandal of employees at Wells Fargo creating 2.1 million fake bank accounts and credit card numbers to boost sales figures has just gotten bigger, reports Paybefore sister publication Banking Technology.
After an expanded third-party re... |
| Aug 30, 2017 | Blackhawk Network Acquires CashStar for $175 Million | Blackhawk Network Inc. keeps getting bigger. The Pleasanton, Calif.-based global technology company, has acquired digital gifting specialist CashStar Inc. for approximately $175 million in cash.
Blackhawk, which has been on an acquisition s... |
| Aug 30, 2017 | GasBuddy Unveils Payment Service with WEX | GasBuddy, a smartphone app helping nearly 70 million drivers find the best gas prices, has unveiled Pay with GasBuddy, a new payment service in partnership with WEX that provides U.S. drivers with discounts.
“Today, GasBuddy breaks new grou... |
| Aug 30, 2017 | Top 5 Best Challenger Banks: Cashplus | We recently asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legitimate chance to become the preferred accounts for their target consumers, not just a stepping stone to the high st... |
| Aug 30, 2017 | McDonald’s Taps Capgemini for Digital Push; Burger King Unveils Whoppercoin in Russia | Do you want fries with that?
France-based Capgemini is likely to hear that phrase a lot more now that the consulting and technology services provider, has signed a multiyear IT strategic provider agreement with McDonald’s Corp. to help the ... |
| Aug 28, 2017 | Bridg Raises $11 Million from Morpheus Ventures, March Capital, Visa and NextEquity | Bridg, which claims to be the first marketing software company to leverage point-of-sale data to drive “precision-marketing campaigns” for restaurant and retail brands, has secured $11 million in Series B funding. The financing was led by M... |
| Aug 28, 2017 | NCR Takes Bigger Bite of Restaurant Business | NCR is hungry for more restaurant business, announcing its third such partnership in the last month. The Duluth, Ga.-based company is working with Performance Food Group (PFG) to offer its NCR Silver cloud-based, point-of-sale solution to a... |
| Aug 28, 2017 | Blockchain Roundup: The Good, the Bad and the Ugly | Nations, platforms and some bad news in our latest blockchain and bitcoin roundup. Find out more about securities in South Korea, KyberNetwork and the suspended First Bitcoin Capital Corp., which was first reported by Paybefore sister publi... |
| Aug 25, 2017 | Alipay Buzz Continues with Starbucks Deal | Alipay is zipping along in terms of its international expansion. With its latest partnership, the world’s largest online and mobile payment platform operated by Ant Financial Services Group, is now available for Mainland Chinese tourists at... |
| Aug 25, 2017 | Square Opens Manhattan Store | Mobile POS pioneer Square is venturing into new territory with its own brick-and-mortar store in Manhattan.
The Square Showroom will give business owners the opportunity to see, test out and buy its products.
“As we’ve grown from our origin... |
| Aug 25, 2017 | Top 5 Best Challenger Banks: Varo Money | We recently asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legitimate chance to become the preferred accounts for their target consumers, not just a stepping stone to the big ban... |
| Aug 24, 2017 | Top 5 Best Challenger Banks: Capital on Tap | Last month, we asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legitimate chance to become the preferred accounts for their target consumers, not just a stepping stone to the big ... |
| Aug 24, 2017 | Simplify Back-to-School Season with E-Payments | By Bank of America Merrill Lynch
Prepaid cards and alias-based payments that rely on email or mobile phone numbers can offer students and colleges and universities significant benefits over traditional check disbursement of financial aid. W... |
| Aug 24, 2017 | Juniper predicts major global shift to contactless on heels of US EMV push | New research expects contactless adoption in the US to rise sharply from 2017 to 2022
A new study from Juniper Research is forecasting that more than half (53%) of global transactions at the point of sale will be contactless within five yea... |
| Aug 23, 2017 | FIS, Equifax Want You to Say Goodbye to Passwords | FIS, a global financial services technology company, has joined forces with information specialist Equifax to create OnlyID, a digital authentication solution that enables consumers to make secure transactions across multiple online account... |
| Aug 23, 2017 | Walmart taps Google for omnichannel commerce play | Walmart wants an Amazon worrier
Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018, reports Banking Technology‘s sister publication Paybefore.
Starting in late September, th... |
| Aug 23, 2017 | Bank of America Merrill Lynch brings AI to accounts receivable | Bank of America Merrill Lynch (BAML) is launching a new solution – intelligent receivables – that uses artificial intelligence (AI) and other software to help companies “vastly improve” their straight-through reconciliation (STR) of incomin... |
| Aug 23, 2017 | Walmart Taps Google for Omnichannel Commerce Play | Google and Walmart are teaming up to take on Amazon (and Alexa) with voice-activated commerce and more plans for 2018.
Starting in late September, the retail giant will be working with Google to offer hundreds of thousands of items for voic... |
| Aug 23, 2017 | FIS and Equifax want you to say goodbye to passwords | See you!
FIS has joined forces with information specialist Equifax to create OnlyID, a digital authentication solution that enables consumers to make secure transactions across multiple online accounts without passwords, reports Banking Tec... |
| Aug 23, 2017 | Juniper Predicts Major Global Shift to Contactless on Heels of U.S. EMV Push | A new study from Juniper Research is forecasting that more than half (53 percent) of global transactions at the point of sale will be contactless within five years, compared with just 15 percent this year.
The new research, “POS & mPOS ... |
| Aug 23, 2017 | Douugh Rises to Challenge with AI-Powered Banking | Banking challenger Douugh has unveiled its artificial intelligence (AI)-powered financial platform, guided by “Sophie”—a 24/7 personal assistant for finances, reports Paybefore sister publication Banking Technology.
“We believe the future o... |
| Aug 22, 2017 | Barclays enables voice payments with Siri | Barclays says it’s the first UK high street bank that lets mobile banking customers make a payment by asking Siri. The payment, which relies on TouchID for authentication, can be completed without opening the Barclays mobile banking app, re... |
| Aug 22, 2017 | Barclays Enables ‘Voice Pay’ with Siri | Barclays announced on Aug. 21 that it’s the first U.K. high street bank that lets mobile banking customers make a payment by asking Siri. The payment, which relies on TouchID for authentication, can be completed without opening the Barclays... |
| Aug 22, 2017 | Get Smart: BofAML Brings AI to Accounts Receivable | Bank of America Merrill Lynch is launching a new solution—Intelligent Receivables—that uses artificial intelligence (AI) and other software to help companies “vastly improve” their straight-through reconciliation (STR) of incoming payments ... |
| Aug 21, 2017 | Fiserv Buys Dovetail for Real-Time Payments Push | Fiserv has acquired payments software vendor Dovetail as it pushes deeper into the payments infrastructure sector with a focus on real-time payments, reports Paybefore sister publication Banking Technology. Financial terms were not disclose... |
| Aug 21, 2017 | Consumers Union Calls for More Prepaid Regs; NAFCU Wants Them Rescinded | Plagued by delays, threatened by Congressional repeal and finally opened to further comment and changes, the CFPB’s final rule on prepaid accounts now has some consumer groups calling for the bureau to “strengthen” consumer protections with... |
| Aug 21, 2017 | US Consumers Union calls for more prepaid regs; NAFCU wants them rescinded | When is a final rule final?
Plagued by delays, threatened by US Congressional repeal and finally opened to further comment and changes, the Consumer Financial Protection Bureau’s (CFPB) final rule on prepaid accounts now has some consumer g... |
| Aug 21, 2017 | App Economy Dodges Bullet with Uber Court Victory | It’s a rare ray of sunshine for the embattled Uber, as it won a key fight in the U.S. Second Court of Appeals, which ruled its terms and conditions (Ts & Cs) are legally binding, reports Telecoms.com (Paybefore‘s sister publication).
Ub... |
| Aug 18, 2017 | Top 5 Best Challenger Banks: Revolut | Last month, we asked Paybefore.com visitors to vote for the Best Challenger Banks—the ones shaking up the status quo with a legitimate chance to become preferred consumer accounts, not just a stepping stone to the big banks.
For the next fe... |
| Aug 18, 2017 | Mobile Contactless Hits £370 Million in U.K. in H1 2017 | Mobile contactless transactions in the U.K. topped £370 million (US$476 million) in the first six months of 2017, a whopping 336 percent year-on-year increase, according to the latest transaction data from payments processor Worldpay.
Altho... |
| Aug 18, 2017 | PIF Welcomes GPS | The Prepaid International Forum has added another member to its roster, following eMerchantPay earlier this month. Global Processing Services (GPS), whose managing director Suresh Vaghjiani is an Industry Achievement Award recipient in the ... |
| Aug 16, 2017 | US Senator questions big banks on CFPB arbitration | Fight! Fight!
As expected, US Senator Elizabeth Warren (D-Massachusetts) is not going to let the Consumer Financial Protection Bureau’s (CFPB) final rule on arbitration agreements go down without a fight. The ranking member of the Senate Ba... |
| Aug 16, 2017 | India Payments Roundup: Paytm, Amazon and Flipkart | The battle for e-commerce and payments domination is on in India.
Paytm, an e-payment/e-commerce brand and payments bank, is bringing the QR code scanning habit to the Indian masses, while rival Flipkart has raised $2.5 billion from Japan’s... |
| Aug 16, 2017 | SWIFT Partners with TCH to Drive Instant Payments in the U.S. | Hot on the heels of the Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the U.S. by 2020, SWIFT is offering a gateway.
The global financial messaging provider announced on Aug. 15 that... |
| Aug 16, 2017 | Singtel Rolls out First Virtual Visa Card in Singapore with Wirecard | The most popular digital wallet in Singapore has rolled out the first virtual Visa card in the country thanks to a partnership between global technology group and 2017 Pay Awards Change Agent of the Year Wirecard and Singtel.
Singtel Dash, ... |
| Aug 16, 2017 | U.S. Sen. Warren Questions Big Banks on Arbitration | As expected, U.S. Sen. Elizabeth Warren (D-Mass) is not going to let the CFPB’s final rule on arbitration agreements go down without a fight. The ranking member of the Senate Banking Committee’s Subcommittee on Financial Institutions and Co... |
| Aug 16, 2017 | eMerchantPay Gets E-Money License, Joins PIF | Global payments service provider eMerchantPay has received authorization from the Financial Conduct Authority as an e-money institution, which means it can issue products including payouts, e-wallets and prepaid cards, and has joined the Pr... |
| Aug 15, 2017 | Alipay Taps Yelp to Enrich Chinese Travel Experience | Alipay has inked a slew of partnerships lately. The latest deal for the Chinese app is with Yelp and connects local businesses with Chinese travelers, a move that’s likely to boost loyalty and transaction volume in one fell swoop.
The partn... |
| Aug 14, 2017 | Geoswift, UnionPay and Western Union Vie for Chinese International Tuition Payments with Amazon Promotion | As students gear up for back to school, the competition for international tuition payments continues to heat up. Geoswift, UnionPay International and Western Union Business Solutions are offering Amazon gift cards to Chinese students studyi... |
| Aug 14, 2017 | Plaintiff Appeals U.K. Competition Appeal Tribunal Decision in £14 Billion Suit | Former financial ombudsman Walter Merricks is appealing the U.K.’s Competition Appeal Tribunal’s decision not to certify his claim in a proposed £14 billion (US$18.2 billion) class action lawsuit against Mastercard over interchange, several... |