Apple Pay is a “catalytic” event likely to change the U.S. payments landscape, though it may take time to see its full effect, according to Matt Barr, MasterCard’s new U.S. head of emerging payments.
Wave Crest Group Ltd., a Gibraltar-based multicurrency digital payments provider, has launched the MyFare debit card in the U.S., which enables fleet owners to pay their drivers instantly on a personalized prepaid card.
The Gibraltar Financial Services Commission last week published its 2014-2017 Strategic Plan, which is designed to reinforce Gibraltar’s position as a destination of choice for businesses looking for European headquarters.
Weeks away from its Money20/20 event in Las Vegas, Money2020 LLC has announced Money20/20 Europe, a conference and exhibition focusing on the opportunities and challenges specific to payments in Europe.
In a bid to make contactless payments of any size possible without a PIN, MasterCard and Zwipe, a Norwegian developer of payment cards with biometric sensors, have developed what the companies are calling the first contactless payments card featuring an integrated fingerprint sensor.
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.
IFINTEC Finance Technologies Conference and Exhibition will be held on 14-16 April 2015 in Istanbul, Turkey at Istanbul Congress Center which is the biggest convention center in Turkey. IFINTEC is a dedicated conference focusing on technology solutions for finance industry. IFINTEC Conference serves a perfect platform to introduce and demonstrate platform, system, hardware, software, consultancy, […]
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.
The recent nomination of the British Banker’s Association as an intelligence node and source of benchmarks and practices in the UK’s financial infrastructure, via CBEST, has pushed the role of the banking sector in detecting and remediating breaches into the spotlight. So what can banks do to ensure their cyber defences are up to the task?
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.
As banks develop new retail styles, they face new security challenges as the changing use of space in-store means surveillance and alarm systems must evolve in tandem.
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.
Bowen ‘Bo’ Ranney has joined Ballard Spahr’s Consumer Financial Services Group in New York City. He will help clients prepare for CFPB exams and assist them during the exam process or when they’re being investigated by the CFPB. Ranney previously was examiner-in-charge at the CFPB, where he worked in compliance and enforcement. He has been […]
Bank of America Merrill Lynch has been honored by EMEA Finance magazine in its 2014 Treasury Services Awards, winning the award for Best Treasury Services in Europe, recognizing the bank’s proactive and consultative client approach, product enhancements and focus on thought leadership.
First Data has announced a series of appointments to its senior leadership team.
Global law firm Paul Hastings LLP announced that Gerald Sachs has joined the firm’s global banking and payments systems practices in Washington, D.C., as of counsel.
Online payment voucher provider paysafecard has appointed Walter Tauchner vice president of partner management.
Mooresville, N.C.-based SightSpan Inc., which advises organizations on risk-management and AML programs, announced that Saskia Rietbroek has joined its advisory board.
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.
When Hamed Shahbazi graduated from the University of British Columbia in 1997, many people were still calling the Internet a “fad.” But the Vancouver native knew better.
Corporate treasurers are increasingly looking beyond traditional of finance to a wider range of alternative funding options that support their working capital requirements, including supply chain finance, trade receivable securitisation and factoring.
The social contract between the banking system and society is fundamentally broken. We deserve a financial system that we can all be proud of, one that is fairer and more sustainable than the current iteration.
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 internet has opened the door to purchase almost anything from any part of the world through electronic payments. As globalisation continues to flourish – especially in the banking industry – it’s now possible to transfer money across different countries with ease and speed. While this has increased the opportunity for businesses to extend their reach globally, it also creates an appealing opportunity for criminals.
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.
