The FTC has proposed barring telemarketers from accepting payments via wired funds, remotely created checks and payment orders, and authorization codes for prepaid cards.
May 28, 2013 Atlanta-based technology company IDology has beefed up its tools to verify individuals’ identities in card-not-present environments. The latest version of IDology’s verification tools, ExpectID Scan and ExpectID Scan Verify, build on the company’s core products, which have been in use for several years for organizations that routinely use them to verify identity […]
Credit and store cards have returned to the top of the list of fraud targets, with a 28% increase in the first four months of the year – at a time when overall fraud levels fell by 16.5%.
Trading and risk technology specialist Cinnober is investing in a financial IT cluster in northern Sweden, centred on the university town of Umeå and initiating a a one-year trainee programme stating in the autumn.
May 23, 2013 Sprint’s Boost Mobile is taking a page out of O2’s playbook in the U.K.—launching a mobile wallet for online transactions with a companion prepaid Visa card for use at brick-and-mortar locations. One of the first telcos in the U.S. to launch its own wallet—AT&T Mobility, Verizon and T-Mobile have joined together on […]
Mobile payments platform Square has ventured into its first market outside North America, becoming publicly available in Japan, the company announced today. “I am honored to introduce Square to a country with a rich history of design, innovation and tradition. Square shares the same values and attention to detail in our products,” said Jack Dorsey, […]
May 23, 2013 GiftCards.com, a subsidiary of Pittsburgh-based Wolfe LLC, is deepening its digital offerings with the acquisition this week of Giftly, a mobile app-based digital gift card service. Giftly, a San Francisco-based startup launched in 2011, enables consumers to purchase digital gift cards that may be designated for specific purchases at any U.S. merchant […]
Millennium Information Technologies, the IT subsidiary of the London Stock Exchange has appointed John Mackay “Mack” Gill, as its new chief executive office, taking over from company founder Tony Weeresinghe, who will become non-executive chairman with a global business development role.
Saxo Bank, the multi-asset online trading and investment specialist, has launched Saxo TV, fronted by former Bloomberg TV News anchor Owen Thomas, to provide on-demand business and financial analysis.
Commerzbank is to deploy Clear2Pay’s Open Payment Framework as a central platform for end-to-end XML-processing and to interface with new technology and products. Commerzbank will implement OPF as part of a longer term strategic payments renewal project for its clients in and outside Germany. The project will be implemented in phases, with the first go-live […]
LevelUp, a promotion-based mobile payment and loyalty network from Boston-based SCVNGR, has reached an agreement with NCR Corp. to integrate its mobile payment and loyalty solution into NCR’s restaurant POS systems, giving restaurants another way to accept mobile payments and market to their customers.
CFPB Invites ‘Innovative’ Companies to Share Consumer Data, Ideas to Help Shape Policies By Kate Fitzgerald, Emerging Payments Editor The Consumer Financial Protection Bureau (CFPB) since its formation in 2011 has generated great interest and, at times, controversy over its mission and leadership in its role of creating and enforcing federal financial services regulations. While […]
Earthport, the cross-border payments service provider, has launched a fully automated payment service into Morocco. The route is the first low value payment service for the company in North Africa and will allow it to expand its network infrastructure into the region.
NYSE Technologies has appointed Varghese Thomas as senior vice president and global head of Infrastructure Solutions.
A new payments service aims to change the way banks, merchants and payments providers interact with each other by using cloud technology.
Financial technology company SunGard has released a new tool designed to help banks and other financial institutions to streamline their compliance with regulation, reduce their costs and control risk.
Google is launching a trio of new services that leverage the tech giant’s ubiquitous online presence to spur usage of its mobile wallet. Announced at Google’s I/O Conference in San Francisco this week, the new initiatives include a one-click payments function for Google Wallet, an instant buy feature for Android and the ability to send […]
May 16, 2013 Green Dot Corp.’s GoBank mobile banking concept has proved successful with its first batch of users during a beta test launched in January and the company plans to roll out nationally by July 4, with a marketing push targeting younger consumers, including promotions at Rite Aid and Kmart, the company said this […]
May 16, 2013 Marqeta today announced plans for a major expansion with the $14 million raised in its latest funding round. The company also went public with the news that its stored value payments platform is powering the Facebook Card launched earlier this year. The Emeryville, Calif.-based startup last year rolled out its stored value […]
Social investment network eToro is to open up shop in the UK, having won approval from new regulator the FCA this month. Founded in 2007, eToro is a social trading network that aims to revolutionise the way retail investors and high net-worth individuals connect with the market.
Best prepaid or emerging payments program launched and operated by a non-U.S. company outside the U.S. Best in Category: Power to Pay Program Power to Pay NFC tags for mobile phones were developed exclusively for IIT Bombay students and faculty and can be used at select campus outlets for day-to-day purchases via the RuPay payments […]
The prepaid or emerging payments program that delivers the best consumer value proposition for the combination of features, functionality, service and price. Best-in-Category: BlackboardPay An open-loop, FDIC-insured prepaid account that can be integrated with a student ID card to facilitate disbursement of financial aid and student payroll, and providing access to 50,000-plus surcharge-free ATMs, free […]
Best use of in-store merchandising to promote the sale, use and acceptance of prepaid cards and/or emerging payments products. Best-in-Category: Green Dot Retail Marketing Comprehensive program of permanent and promotional merchandising that enabled smaller chains to participate, drove significant ROI and addressed cardholder behavior, such as usage and retention. Green Dot Corporation Left […]
Milan-based financial technology firm SIA is expanding its reach to New York later this year in a move that caps the latest-phase of a three-year recovery plan for the firm. The extension of SIA’s Financial Ring to New York follows that activation of a hub in Frankfurt is the third cornerstone, after Milan and London, […]
Amazon hopes to spark interest among tablet customers in using its apps to purchase games and other items by giving certain users $5 in free digital goods.
Royal Bank of Canada (RBC) has teamed up with telecom provider Bell Canada to announce a new mobile payment system that will enable RBC customers to make purchases online and in stores using NFC-compatible smartphones on Bell’s mobile network.
