The CFPB to Host Arbitration Hearing in Denver (Sept. 24, 2015)
The CFPB has announced a field hearing on arbitration, which will be held in Denver on Wednesday, Oct. 7 at 11 a.m. MDT.
The CFPB has announced a field hearing on arbitration, which will be held in Denver on Wednesday, Oct. 7 at 11 a.m. MDT.
Next-generation commerce is the focus for Money20/20 founders Anil Aggarwal and Jonathan Weiner, who have partnered with Don Kingsborough, entrepreneur and a Blackhawk Network founder, to launch a new conference called Shoptalk.
This month’s launch of Google Inc.’s Android Pay, just weeks before the U.S.’s Oct. 1 EMV liability shift date, is a key milestone in expanding mobile payments access to the majority of consumers, but we’re still “a couple of years” away from mainstream m-payments with ubiquitous support from banks, merchants and handset makers, predicts Dom Morea, senior vice president of business development for First Data Corp.
MasterCard and Singapore Management University (SMU) today announced a two-year program to drive research on social entrepreneurship, innovation and financial inclusion. The Social and Financial Inclusion Program features an annual forum, a seminar series and funding toward student projects.
Financial services provider PayNearMe has partnered with 7-Eleven Inc. to launch the PayNearMe Bill Pay app, enabling consumers in the U.S. to pay more than 17,000 national and local billers, such as cable companies, utilities providers and insurance companies, with cash using a barcode scan at participating 7-Eleven stores.
BBVA Compass yesterday announced the launch of a new Visa-branded prepaid card and budgeting mobile app, ClearSpend, which the bank says will appeal to prepaid card users across all ages and income levels who want better control of their finances.
After much debate over whether New York Department of Financial Services’ (NYDFS) state-level framework for licensing digital currency companies is too restrictive, the state agency has issued its first regulatory license, the so-called BitLicense, to Boston-based mobile payment company Circle Internet Financial.
Shift4 Corp., a merchant payments gateway provider, today announced a software-based m-POS service enabling larger merchants to accept all types of payments anywhere—via any mobile device—without disrupting existing relationships with processors and acquirers, which analysts suggest is an example of a new breed of payments services.
Starbucks has rolled out its mobile ordering and payment service to all 7,400 of the coffee giant’s U.S. locations.
Call it immediate, instant, fast(er) or real-time, the drive to speed up payments is being discussed in almost every country. As part of that discussion Banking Technology and ACI Worldwide brought together international participants from Australia, Europe, the UK and the US review the opportunities and challenges ahead.
With several companies vying to acquire Worldpay Group Ltd., Advent International Corp. and Bain Capital, owners of the U.K.-based payment processor, have decided to proceed with their planned IPO of the company with the hopes of raising $1.4 billion.
Apple Inc. is making good on its plan to bring Apple Pay to China, with news that it’s registered a subsidiary, Apple Technology Service (Shanghai) Ltd. in Shanghai’s free-trade zone, with permission to operate Apple Pay, but it’s already late to the m-payments party in China, say observers.
Stratos Inc. is kicking off a new partnership program with Eastern Bank, making it the first financial institution to distribute the company’s Bluetooth Connected Card, which combines multiple payment, loyalty, membership and gift cards into one.
Royal Bank of Canada this week introduced a new—and still somewhat rare—approach to connecting its customers to its RBC Wallet mobile payments service via host card emulation (HCE), so it works with any NFC-based Android handset, regardless of its brand or the user’s wireless carrier.
Starting in January 2016, Sprint’s 57 million customers will have access to a revamped digital wallet, Sprint Money Express, through a joint initiative between the telecom and Urban FT, a provider of white-label digital banking apps.
The Sunday Times Hiscox Tech Track 100, which ranks the U.K.’s private technology, media and telecom companies with the fastest-growing sales over three years, has ranked Prepaid Financial Services, a global payment services provider and fintech company, No. 22.
Those enabling payments for online gaming Websites have a new, rather large competitor.
Fiserv Inc. will be enabling consumers to access their cash without using a payment card at participating ATMs.
San Francisco-based Stripe is hoping to accelerate the spread of buy buttons, this week unveiling Relay, a service enabling consumers to make a purchase from within a mobile app or a social media site like Twitter, without bouncing to a merchant’s e-commerce site.
Smartphones are becoming more integral to the shopping experience in the U.K., where consumers are increasingly using mobile devices to make in-store and online purchases and to research products, a new report found.
UKGCVA’s reply to Ireland’s proposal to ban expiration dates on gift cards and vouchers.
Visa set a deadline for its debit card issuers to request extra payment on top of the monies the issuers will receive in accordance with an earlier settlement reached with Target related to the 2013 breach.
Litigation involves a $7.25 billion settlement deal with retailers, after it was disclosed that a defense attorney shared information with an attorney for the plaintiffs.
Abercrombie & Fitch and RadioShack class action decisions involving closed-loop gift cards warrant attention.
Saxo Payments isn’t a bank, and the chief executive isn’t a banker. So how does he think he’s that’s going to help shake up international payments?
When Discover Financial Services goes live this week with Apple Pay, customers who’ve been waiting to access the m-payments service with a Discover card will get a chance to reap one of the richest rewards programs available for Apple Pay users.
Startups in the San Francisco Bay Area brought in 71 percent more investment capital than those in other areas of the U.S., according to new data from FinLab. Meanwhile, London is hosting 10 of Australia’s most promising fintech startups, and Visa Inc. looks to add 2,000 new technology professionals to boost its digital financial services business area.
Mozido has lofty expectations for TradeEase—what the company says is the first-ever platform enabling cross-border e-commerce payments between China and Russia.
Central banks need to play a greater role in the provision of infrastructure for low value payments and existing models revised to balance risk and rewards, according to new research published by the Swift Institute.
In honor of the celebration, NBPCA released some statistics about payroll cards, including how much businesses and employees save using them.
The mobile payments race just kicked into high gear, with Google Inc. today announcing the immediate launch of Android Pay, joining Apple Pay with a little more than two weeks to go before Samsung Pay rolls out Sept. 28 in the U.S.
Digital wallet providers have an easier route to issuer integration with the new MasterCard Digital Enablement Express service, but one analyst suggests it may be more difficult for providers—outside of Apple Pay—to collect issuer fees.
In another indication of blockchain technology’s potential for payments, a group of major industry players have made a $30 million equity investment in blockchain startup Chain Inc.
Paybefore Award-winning Simple, the Portland, Ore.-based branchless bank founded in 2009, this week said it’s eliminating all consumer fees and will rely exclusive on earning interest and interchange for its revenues.
The UK payment services market has been under the spotlight in recent months with the introduction of a new Payment Systems Regulator created with the intention, amongst other things, of opening up the industry to new and emerging payment service providers.
The Payment Systems Regulator, the new economic regulator for UK payment systems, today confirms the line-up of the Payments Strategy Forum it has set up to set the strategy for innovation in payment systems where the industry needs to work together.
Barclays has launched a cloud-based contingency payment service for corporates, which the bank says will help corporates to make payments even if they are unable to use their primary channel, for example during an internet outage. The deal comes as financial institutions and corporates increase their focus on risk mitigation.
GPR cards with savings features could help lower-income cardholders set money aside for unexpected costs and learn better overall financial habits, a new Boston Fed report suggests.
Consolidation in the payments industry continues as MetaBank expands its presence in the tax services space with the completion of its acquisition of Fort Knox Financial Services Corp., and Finicity Corp. continues its fintech investment by buying payment processor and program manager Aurora Financial Systems Inc.
Global smart card production has doubled in the last 36 months, in part, because of the U.S. migration to EMV this year. And instead of displacing physical cards, new mobile wallets—including Apple Pay—are contributing to higher overall card production rates, according to Europe’s Smart Payment Association (SPA).