Heartland Payment Systems has acquired Leaf, creator of an mPOS tablet, a deal the payments processor said demonstrates its commitment to providing resources and support for small- to medium-sized businesses.
Capital markets participants may be able to achieve significant cost savings by making greater use of the FIX Protocol, according to a new study by post-trade specialists Alpha Omega Financial Systems.
ACI, the foreign exchange industry body, has called for the adoption of a new Model Code for sell-side and buy-side firms on financial benchmarks, to harmonise codes of conduct and prevent a recurrence of the Libor and other recent rate fixing scandals.
Corporate payments provider Comdata Inc. has been acquired for $3.45 billion by FleetCor Technologies Inc., a global provider of fuel cards and other workforce payments.
On Aug. 12, we lost a dear colleague, friend and frequent contributor to Paybefore.
Host card emulation (HCE) unlocks the potential for NFC to expand mobile payments by making them more convenient and consumer-friendly, but developers must proceed with caution because of various security risks HCE poses, according to a new white paper from the Smart Card Alliance.
More than 575 million payment cards in the U.S. will be equipped with EMV chip security technology by the end of 2015, according to the latest projections from an industry group managing EMV implementation.
Payza, an online payment processing and e-wallet services provider, announced that customers in 190 countries can now buy bitcoins from their Payza account and then transfer the digital currency into their Bitcoin wallets.
Electronic gifting is growing in India, where retailers have adopted e-gifting to drive sales and increase brand awareness.
Letter writing among U.S. lawmakers has been fast and furious lately as they try to influence how the U.S. Department of Education handles new rules governing universities’ and colleges’ arrangements with financial service providers that deliver financial aid dollars.
There’s a new player in the mPOS arena—and it’s a heavyweight.
Financial institutions looking to attract and retain small business customers can do so by beefing up their digital banking services, according to a new white paper from Fiserv.
Online payment voucher provider paysafecard has launched a new prepaid MasterCard, giving customers of the Vienna-based company a way to pay for offline purchases, as well.
Most capital markets firms are still not using big data and even those that do often lack a concerted strategy, according to a new report commissioned by Thomson Reuters.
FinCEN is urging financial institutions to foster a culture of compliance with Bank Secrecy Act/Anti-Money Laundering (BSA/AML) rules and has issued an advisory explaining how basic principles can strengthen compliance within organizations.
It isn’t just complaints about prepaid card products that the CFPB is trawling for.
The U.S. Postal Service (USPS) on Aug. 11 posted a net loss of $2 billion for the quarter ended June 30, 2014, compared with a net loss of $740 million for the same period a year ago, increasing pressure on the beleaguered organization to find new sources of revenue.
MasterCard and First Data Corp. today announced a partnership to extend MasterCard’s inControl product for managing card spending to First Data’s customers in Asia Pacific, to enhance their growing use of payments cards for e-commerce purchases.
The CFPB is focusing on universities in the Big Ten Conference to see if these schools, some of the largest in the U.S., have appropriately disclosed their agreements with financial institutions regarding the financial products they offer their students. “Making these agreements available for all financial products shows schools’ and companies’ commitment to transparency, helping […]
PayPal Inc.’s recent rebranding of its Bill Me Later service is part of an effort to bring credit more to the forefront of its business and continue its expansion into offline payments, according to the company.
Rumors of Twitter’s imminent entry into e-commerce got more fuel last week, when some users of the company’s Android app noticed a new “Payment & Shipping” option.
Growth in the volume of debit and credit card purchases in the UK continues to outstrip the growth in value as consumers use their cards more frequently for lower value payments. A threefold increase in contactless payments was a factor in the trend.
MetaBank has been released from its Consent Order by the Office of the Comptroller of the Currency (OCC), according to an announcement by the bank’s parent company, Meta Financial Group.
Capitalizing on its recent high-profile moves in the mobile banking space, Cachet Financial Solutions netted nearly $6 million in its Initial Public Offering last month.
Many mobile apps used for shopping don’t provide consumers with enough information before they download them to their smartphones, according to the FTC.
Paybefore typically confines discussions about state legislative and regulatory activity to the State Tracker section of Pay Gov. But after we published Pay Gov yesterday, Illinois passed a law that explicitly allows payroll cards in the state, subject to certain conditions.
Cross-border payments in the Eurozone have reached a milestone, with Aug. 1 marking the migration deadline for all credit and direct debit transfers to comply with Single Euro Payments Area (SEPA) requirements.
FinTech developers, designers and entrepreneurs are being challenged to a 36-hour development tournament in the days leading up to this year’s of the Money20/20 event in Las Vegas in November.
Billtrust, a Hamilton, N.J.-based provider of outsourced billing services, has hired Tom Iler as chief information officer and Paul Wakolbinger as senior vice president of sales.
Andrew Copeman has joined Aite Group as an analyst on the retail banking team.
CARD.com, a mobile-focused financial product provider, has hired Josh Flowers as chief financial officer. The company also has promoted Dr. Ajaykumar Gopal to vice president of growth and data science from director of data science and analytics.
Littleton, Colo.-based card producer CPI Card Group announced that Mike Fisher has joined the company to lead its EMV Field Support Team, and he will provide guidance in the migration to EMV in the U.S for CPI’s customers.
Des Moines, Iowa-based payments processor The Members Group has appointed Melanie Barker chief operating officer and executive vice president.
Target Corp. announced that its board of directors has named 30-year retail and consumer products veteran Brian Cornell as the company’s next chairman of the board and CEO, effective Aug. 12, 2014.
The UK Government is to examine the potential of digital currencies as positive force in the wider economy and as a means of encouraging innovation in financial services.
Blackhawk Network today announced a partnership with U.K.-based Barclays Bank PLC to launch an e-gifting feature for Barclays’ Pingit mobile banking service, enabling consumers to purchase an e-gift for themselves or someone else using their mobile devices.
American Express has begun testing host card emulation (HCE) technology for mobile NFC payments at POS terminals in Croatia.
Debit card-initiated overdrafts are leading to disproportionate charges for cardholders, with fees often larger than the overdraft amount, according to a new report by the CFPB.
A Financial Conduct Authority investigation that found banks and brokers are failing to provide best execution highlights the need for more responsibility and education among their buy-side customers.
Federal officials are warning retailers about a new form of malware that hackers could use to access POS systems and steal consumer data.
