Longtime NetSpend partner ACE Cash Express has signed a distribution agreement with Green Dot Corp., making the check cashing giant and Paybefore Award-winning prepaid pioneer an authorized retailer for the Green Dot Reload Network.
TD Bank has reached a settlement over a 2012 data breach that compromised customers’ personal information.
As Apple Pay goes live today, millions of merchants will be measuring consumer and marketplace reaction at the POS, as they contemplate their own mobile payments strategies, including accepting NFC-based payments.
President Obama hours ago signed an executive order making chip-and-PIN card technology the standard for the federal government.
RBS has confirmed that it has hired Marion King, formerly president of UK and Ireland at MasterCard, in the newly created role of director of payments in the New Year.
Apple Inc. will officially launch its NFC-based Apple Pay service on Monday, CEO Tim Cook said today during an event to unveil new devices at the company’s Cupertino, Calif., headquarters.
eBay Inc. subsidiary PayPal continued its growth streak during the third quarter, as the unit’s mobile payment volume surged 72 percent and 4.4 million new users came aboard during the period ended Sept. 30.
Prepaid was a bright spot for spending dollar volume growth in September at 5.7 percent compared with an overall drop in same-store spending growth, which came in at a 3.1 percent increase year-over-year compared to a 3.9 percent year-over-year jump in August.
Merchants continue reshaping their strategies to meet the demand for online shopping, and the latest to do so in a significant way is Walmart.
The Future of Payments: Connecting Today to Tomorrow; HCE: Breathing Life into NFC?; 6 Visionaries Who Are Changing Payments; Rockin’ E-Money on Gibraltar; Exclusive Interviews: Frew, Hanson and Roche; Special Section: Kaboom! Where Mobile Meets Loyalty; 2014 Paybefore Awards Europe: 13 Top Winners
RDC specialist’s busy year includes an IPO and a fast-growing prepaid platform.
Meta Financial Group has announced the purchase of AFS/IBEX Financial Services Inc. Under terms of the deal, Meta Financial’s bank subsidiary, MetaBank, will acquire the $80 million loan portfolio, related assets and workforce of Dallas-based AFS.
ATM operator Cardtronics has hit on a new way to keep its cash-dispensing machines relevant in the digital age: harness them for in-store marketing and promotions via customers’ smartphones.
P2P money transfer continues to gain momentum with a trio of new services announced this week in three countries, all of which use a different medium to facilitate transfer.
DOJ’s Operation Choke Point, which encourages financial institutions to scrutinize clients that process payments for certain types of businesses, continues to draw criticism from lawmakers and industry advocates, who argue that the policy is harmful to legitimate, legal businesses.
Apple Pay may go live as early as Saturday, and it’s likely to include an option for users to initiate a payment via voice command with Apple’s Siri feature, according to a number of reports.
Visa Europe today announced an exclusive partnership with edo Interactive to bring targeted card-linked offers to Visa debit and credit cardholders in Europe.
With B2B prepaid programs on the rise globally as corporations look to streamline and control expenses, Wave Crest Group Ltd. is rolling out a new B2B prepaid platform for European businesses.
Data breaches continue to hit some of the U.S.’s largest corporations, with a spate of financial institutions and retailers announcing incidents over the past two weeks.
Major credit and debit card providers in the U.K. are among the main “payment systems” the government is proposing to bring under the purview of the new Payment Systems Regulator (PSR), beginning next April.
The CFPB is gathering information about the methods banks and credit unions use to screen consumers before approving or denying them a checking account.
League Service Corp. (LSC), a national credit union service organization, has tapped Cachet Financial Solutions to power its prepaid mobile application, which currently is offered by 900 credit unions.
ATM network operator Cardtronics Inc. has been named exclusive ATM services provider for natural grocery chain Fresh & Easy.
It is essential for banks to ensure they have the right strategies and technology in place now, if they are to retain their position as market-leading payment providers in the future, writes Saket Sharma,chief information officer, treasury services, BNY Mellon.
The M&A market for payments companies is booming, as larger companies look to acquire smaller innovators. Even if no deal is on the immediate horizon, early preparation pays off when a sale transaction is at hand.
If we want to consolidate the gains we’ve made and scale the innovations we’ve seeded, we need to think big. We need to redefine financial services from the pursuit of wealth to the pursuit of health.
GPR cards are quickly moving beyond their traditional role as an alternative to checking accounts for the financially underserved, to serve broader use cases for a changing demographic.
Facebook looks to be planning to add a money transfer function to its Messenger app—and the social media giant reportedly already has installed the underlying code to the popular messaging service.
Dunkin’ Donuts plans to launch a new service that enables customers to order ahead and prepay for menu items via their smartphones, then visit a store location to pick up their orders.
Chinese e-commerce giant Alibaba Group has moved further into financial services now that its affiliate Alipay, an online payments platform provider, received approval to establish a privately owned bank.
Carrier billing specialist Boku Inc. has acquired one of its largest competitors, Germany-based mopay.
More than 7,500 Walgreens and Duane Reade drugstores throughout the U.S. now offer Western Union domestic and international money transfers through touchscreen kiosks that are part of the Walgreens Balance Financial platform.
A trio of major U.K. mobile network operators—including O2, EE and Vodafone—has partnered with carrier billing specialist Boku Inc. to enable mobile phone customers in the U.K. to charge the purchase of physical goods and services up to £30 (US$48) to their phone bills.
Mobile payment provider Square has landed $150 million in new venture capital in a funding round valuing the company at around $6 billion, and financial app developer Yodlee Inc. raised $75 million in its initial public offering last week.
New Jersey legislation (A3480) introduced last June, which would eliminate the need to collect consumer data when purchasing GPR prepaid cards, was advanced last week by the Assembly Consumer Affairs Committee and has been referred to the Assembly Appropriations Committee.
Digital gifting has become a cornerstone feature for many retailers—but a few merchants are going above and beyond what have become standard features and functionality.
MasterCard has launched SafetyNet, a global tool for banks and processors to mitigate the risks of cyber hacking.
A segment of tech-savvy, mobile-minded consumers comprising more than $1 trillion in deposits could represent a major opportunity for FIs, according to a new report.
This year marks the tenth anniversary of World Payments Report. In this extract from the report, which was launched at Sibos this week, the impact of innovation on payments is examined.
