Digital currency continued to receive a hot-and-cold reception around the world this week, with Chinese e-commerce provider Alibaba banning Bitcoin payments, just as the Royal Canadian Mint prepared to demo a digital currency of its own.
Better ATM Services today announced a reseller agreement with Advanced Network Inc., in which ANI becomes a member of Better ATM Services’ reseller network.
As the payments industry awaits new rules on GPR prepaid cards set to be issued by the Consumer Financial Protection Bureau in May, an in-depth piece in Sunday’s Washington Post offers a fascinating look at the inner workings of the agency—and valuable insights into the CFPB’s origins, culture and motivations.
The 2013 holiday shopping season generated brisk sales figures in the U.S. and Canada, according to newly released reports from both sides of the border.
The scope of the data breach Target Corp. initially disclosed last month has expanded from 40 million credit and debit card customers to as many as 70 million more Target customers whose names, mailing addresses, phone numbers or emails may have been exposed, the retailer said on Jan. 10. The second set of data, which […]
Royal Bank of Canada and telecom provider Bell Canada have gone live with a mobile payment system that enables RBC customers to make purchases online and in stores using NFC-compatible smartphones over Bell’s mobile network.
The Members Group, a Des Moines, Iowa-based card processing and payment solutions provider, announced that Laurie Minarik has been named senior director of client relations.
Billtrust, a Hamilton, N.J.-based provider of outsourced billing services, announced the addition of Mark Miller, chairman and CEO of consumer digital services company Allconnect, and Pete Sinisgalli, director of supply chain solutions provider Manhattan Associates, to its board of directors.
Adyen, an Amsterdam-based provider of international and multichannel payment solutions, has appointed Kamran Zaki president of Adyen North America.
Expected by the payments industry for weeks, U.S. Sen. Mark R. Warner (D-Va.) yesterday introduced a bill calling for banks to “more fully disclose the hidden fees often charged for the use” of prepaid cards.
JPMorgan Chase & Co. is seeking to exit the corporate and public prepaid sectors.
O2 Wallet, which made a splash when it launched in April 2012 as the U.K.’s first mobile wallet, is shutting down after just 18 months.
PayPal is making it easier for small and midsize businesses to add mobile payment capabilities to existing Websites with mo.bi.pay, a new service announced this week.
The European Commission today has announced a six-month grace period from the Feb. 1 migration deadline for electronic payments that don’t meet Single Euro Payments Area (SEPA) requirements.
Another day, another government weighing in on the ongoing Bitcoin brouhaha.
Thames Card Technology Ltd. (TCT) has landed a capital infusion of £3.2 million (US$5.3 million) to expand its operations.
HSBC has rolled out a service that will allow online retailers to give customers the choice to pay in various international currencies.
Swift has created a dedicated Financial Compliance Services unit to manage a growing number of service offerings. The new unit will focus initially on the development of a Know Your Customer Registry planned for launch later this year as well as the integration and development of existing services.
The U.S. Senate on Monday confirmed Janet Yellen as chairman of the Federal Reserve, succeeding Ben Bernanke, whose term expires Jan. 31, after eight years in that post.
Mobile payments via smartphones and tablets are set to surge over the next few years, reaching $707 billion worldwide in 2018, according to a new report by Juniper Research.
The European Payments Council (EPC), which represents the European banking industry in relation to payments, and the Cards Stakeholders Group (CSG), which represents retailers, vendors, processors, card schemes and the EPC, have published the latest version of the Single Euro Payments Area (SEPA) Cards Standardisation Volume.
The likes and dislikes of mobile banking customers around the world suggest that there is an opportunity to expand mobile services globally – but providers need to be careful they are targeting the right information to the right people, according to a new survey by analytics firm FICO.
Zynga Inc., the maker of popular social media games like FarmVille, has announced it will begin accepting Bitcoin as payment for in-game virtual goods.
The uptake of mobile banking in India has been hampered by a lack of cooperation between banks and telecoms, among other issues, according to a report by the Reserve Bank of India.
Mobile payments tech company Spindle Inc. today announced it’s closed a deal to buy Yowza!!, a Los Angeles-based mobile couponing platform, adding some scale to Spindle’s service.
Law firm Bryan Cave LLP has named Therese D. Pritchard the next chair of the firm, beginning Oct. 1, 2014, following a planned transition period.
Sandra Braunstein, director of the division of consumer and community affairs, will retire April 1, 2014, after nearly 27 years with the Federal Reserve Board, including 10 years as the director of the division.
Fiserv Inc., a Brookfield, Wis.-based financial services technology provider, recently announced that Mobiliti from Fiserv received the highest score for a customizable solution in the Javelin Strategy & Research 2013-2014 Mobile Banking Vendor Scorecard.
Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants, announced that Ric Duques has been named the company’s chairman of the board.
The NFC Forum, a nonprofit industry association that advances the use of near field communication technology, has announced two newly elected vice chairmen of its board of directors, Trevor Pavey of Broadcom Corp., and Alexander Rensink of NXP Semiconductors.
National Gift Card Corp.—an Elgin, Ill.-based marketer and supplier of gift cards for use in loyalty, incentive and rewards programs—has named Lizz Wheeler vice president of business development.
Law firm Stinson Leonard Street LLP officially launched, completing a merger between Stinson Morrison Hecker and Leonard, Street and Deinard that was initially announced Sept. 23, 2013.
TSYS, a Columbus, Ga.-based processor, has been recognized as one of America’s most community-minded companies in The Civic 50, an annual initiative that identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business.
WEX Inc., a provider of corporate payment solutions, has named Melissa D. Smith CEO.
Starbucks Corp. is introducing its gift cards in China, the company announced today, as it begins a significant expansion of its stores in the burgeoning gift card market.
The National Retail Federation formally has appealed a $5.7 billion settlement with MasterCard and Visa over credit card interchange fees, opening the next phase of a long-running legal dispute between merchants and the payment card networks.
Several of India’s largest Bitcoin exchanges have shuttered after the country’s central bank issued a statement last week warning of the risks of virtual currencies.
As the fallout continues from a data breach at Target retail stores that may have exposed millions of shoppers’ financial information, politicians and business groups are lobbying lawmakers to investigate the matter and crack down on security weaknesses that could lead to similar incidents.
Could 2014 bring a wave of m-POS consolidation? That trend springs to mind as details emerge about the sale of m-POS startup GoPago, a rising star launched in 2009 that secured a $25 million investment from JPMorgan Chase & Co. less than a year ago.
The European Central Bank has created a new board, replacing the Single Euro Payments Area (SEPA) Council, the ECB says will encourage development of an “integrated, innovative and competitive market” for retail payments in euro currency in the European Union.
