U.S. lawmakers keep trying to influence how the U.S. Department of Education handles a proposed rule on campus cards that deliver financial aid dollars. And, the DOE continues to say, “Thanks, but no thanks.”
Dangling $5,000 in free Apple Pay transaction processing for merchants, North American Bancard will launch a new EMV-ready m-POS card reader next month at the Apple Store, while MCX says CurrentC is on the verge of a public pilot in Ohio that will include redemption of national manufacturer coupons.
Fuel savings are considered the most valuable reward by consumers enrolled in loyalty programs, beating out coupons, airline miles and even cash back, a new survey reveals.
Another company has entered the field of players vying to acquire Worldpay Ltd.
Global capital markets specialist, Hatstand, has launched a cyber-security risk assessment service that will enable businesses to better understand the current state of their preparedness against the risk of cyber-attacks and identify any shortfalls in their existing governance programmes.
Service provider Ciber claims to have solved one of the most expensive problems in business: upgrading legacy systems to make them secure and cloud friendly. Its new system, Ciber Momentum, converts the code from languages such as Cobol, Ada and Pascal into a more cloud-ready format.
Digital gifting continues to make inroads, with more than half of consumers surveyed by Blackhawk Network reporting the purchase of an e-gift over the previous year.
Paybefore Award-winning Wirecard, an independent global provider of outsourcing and white-label solutions for electronic payments, reportedly has thrown its hat into the ring to acquire Worldpay Ltd. for £6 billion (US$9.4 billion).
A U.S. appeals court this week determined that the FTC has authority to regulate corporate cybersecurity and can pursue a lawsuit against hotel operator Wyndham Worldwide Corp. for allegedly failing to properly safeguard consumers’ information.
Amid the threat of increasingly sophisticated cybercrime and heightened scrutiny by regulators, a new report urges retail and financial services CEOs and board members to take an active, involved role in improving their firms’ safeguards.
Digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, with 84% of banks seeing pressure on the pricing of loan products as a challenge.
Surcharges vs. discounts.
Changing terms of an agreement.
Three-party agreements causes problems.
Rights of gift card holders.
Redeeming for dollars.
Payment opportunities in the EU come with complex requirements, which is why it’s important to understand the ever-changing legislative issues.
Elo, the largest Brazilian credit card brand, is accepted in more than 1.65 million domestic locations.
Google Inc. in May said Android Pay would launch “soon,” and this week notifications surfaced at some McDonald’s stores suggesting the rollout could come as early as this week.
Electronic trading specialist Orc has launched a high speed connection to Borsa İstanbul. which brought all the Turkish capital markets exchanges under one roof in 2013. “Turkey is becoming an increasingly attractive market, with a steady rise in trading activity and demand from the region,” said Orc.
PayPal’s purchase last week of Chicago-based Modest—its first acquisition since its spinoff from eBay—could be the beginning of a major shopping spree.
Less than three months after New York State’s Department of Financial Services finalized the U.S.’s first state-level framework for licensing digital currency companies, nearly two dozen firms have applied for the so-called BitLicense, the agency said.
The Clearing House (TCH) is calling on regulators to increase data security oversight for alternative payment providers, such as Apple, Google, Square and Venmo, which the bank-owned TCH says are not being held to the same regulatory standards as major banks, according to a new white paper.
The Reserve Bank of India has granted approval to 11 companies to set up payments banks in an effort to grant millions of Indian citizens access to basic banking features. Companies receiving approval included telecoms, tech firms and the post office.
The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions are seeking comment on proposals for harmonising the Unique Transaction Identifier used to be used for OTC derivatives trade reporting.
American Express Co. today introduced the option for Serve GPR cardholders to earn 1 percent cash back on all purchases, a move analysts say is likely to intensify competition in the GPR category.
Building on a contactless payments boom in Russia, Visa and Russian payment services provider QIWI have integrated Visa’s payWave contactless technology into the Visa QIWI Wallet, providing millions of users with a new mobile payment option at contactless terminals.
Mobile commerce providers and retailers left a potential $24.5 billion in revenue on the table because of user experience issues, according to a new report from Jumio Inc.
Mobile phones will take an increasingly leading role in the payments space over the next five years as a result of technologies that allow safe storage of payment details in smartphones, according to a report prepared by the Consult Hyperion on behalf of Payments UK.
Payment solutions provider bux.com Global Ltd. announced that David Hunter has joined the company as a non-executive director and member of the board.
Boston-based Eastern Bank has appointed Steven L. Antonakes senior vice president and chief compliance officer.
Javelin Strategy & Research has hired Michael Moeser as director of payments for the retail and small business sectors.
MasterCard announced the appointment of Nandan Mer, who is currently group executive of loyalty solutions based in London, to the role of division president for Japan.
Mobile payments provider PayRange Inc. has appointed David Nute vice president of operations and finance.
Tokyo-based Internet service company Rakuten Inc. has announced the opening of two international branches of the Rakuten Institute of Technology in Singapore and Boston.
TSYS announced that Patricia A. Watson has been named senior executive vice president and chief information officer, effective Sept. 14.
Target Corp. has reached a deal with Visa Inc. to reimburse credit and debit card issuers for costs incurred following a massive data breach disclosed during the 2013 holiday shopping season that exposed personal data of more than 100 million consumers.
Apple Inc.’s plan to roll out Apple Pay soon in Australia—which has a high penetration of contactless cards and NFC terminals—has hit a snag as the country’s largest banks balk at paying the toll Apple requires, according to reports.
In a blow to the CFPB, mortgage servicer PHH Corp. earlier this month was granted a stay pending appeal of a $109 million enforcement action issued by Director Richard Cordray and the bureau in June.
Global payments network Earthport has teamed up with Ripple Labs to offer real-time cross-border payments via Ripple’s blockchain-based transaction ledger protocol.
