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 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.
ATM network operator Cardtronics Inc. has been named exclusive ATM services provider for natural grocery chain Fresh & Easy.
Banks and other financial institutions are finally spending more on growing new products in areas such as mobile and data analytics rather than maintaining legacy systems, according to a new report by Capgemini.
Facebook looks to be planning to add a money transfer function to its Messenger app—and the social media giant reportedly already has installed the underlying code to the popular messaging service.
Dunkin’ Donuts plans to launch a new service that enables customers to order ahead and prepay for menu items via their smartphones, then visit a store location to pick up their orders.
Chinese e-commerce giant Alibaba Group has moved further into financial services now that its affiliate Alipay, an online payments platform provider, received approval to establish a privately owned bank.
Carrier billing specialist Boku Inc. has acquired one of its largest competitors, Germany-based mopay.
More than 7,500 Walgreens and Duane Reade drugstores throughout the U.S. now offer Western Union domestic and international money transfers through touchscreen kiosks that are part of the Walgreens Balance Financial platform.
A trio of major U.K. mobile network operators—including O2, EE and Vodafone—has partnered with carrier billing specialist Boku Inc. to enable mobile phone customers in the U.K. to charge the purchase of physical goods and services up to £30 (US$48) to their phone bills.
Mobile payment provider Square has landed $150 million in new venture capital in a funding round valuing the company at around $6 billion, and financial app developer Yodlee Inc. raised $75 million in its initial public offering last week.
New Jersey legislation (A3480) introduced last June, which would eliminate the need to collect consumer data when purchasing GPR prepaid cards, was advanced last week by the Assembly Consumer Affairs Committee and has been referred to the Assembly Appropriations Committee.
Digital gifting has become a cornerstone feature for many retailers—but a few merchants are going above and beyond what have become standard features and functionality.
MasterCard has launched SafetyNet, a global tool for banks and processors to mitigate the risks of cyber hacking.
A segment of tech-savvy, mobile-minded consumers comprising more than $1 trillion in deposits could represent a major opportunity for FIs, according to a new report.
Ray Iglesias has come into his own. As CEO of Ubiquity Global Services, he has stepped out of the shadows to take center stage and with it his dream job.
Microsoft has begun a joint pilot project with the Financial Services Information Sharing and Analysis Centre (FS-Isac) to tackle financially-motivated cyber crime attacks, which are estimated to cost $100 billion a year in the US alone.
New York, NY– October 1, 2014 – marcus evans, the world’s largest event management group, will host the Economic Capital Modeling and Management in Insurance 2014 Forum on November 18-19, 2014 in New York, NY. As risk assessment strategies become more aligned with business objectives and regulators grow increasingly interested in that integration, risk management executives and actuarial professionals alike have been tasked with designing frameworks capable of holistically managing enterprise risk.
The Bitcoin Foundation has retained Monica Monaco, founder and managing director of Trust EU Affairs, to assist with outreach to political leaders and policymakers in the European Union.
Apple Europe has hired Mary Carol Harris to lead the company’s mobile payments efforts in the region.
eBay Inc. announced that Dan Schulman has joined PayPal as president, effectively immediately, and he will become PayPal CEO after PayPal and eBay are separated next year into independent, publicly traded companies. eBay Inc. also announced that Devin Wenig, president of eBay Marketplaces, will become CEO of eBay in 2015.
Mercator Advisory Group has hired Richard A. Hall as head of its Commercial and Enterprise Payments Advisory Service.
In partnership with the U.S. Government, the North Carolina Secretary of State has requested that John Walsh, SightSpan CEO and president, provide counterterrorist financing training to government officials from Moldova.
Skrill, provider of online payment technologies to merchants and consumers, has appointed Christopher Russell CEO of Skrill USA Inc.
Softcard has extended its reach to the self-serve laundry business.
Noncash payments are estimated to have increased by 9.4 percent last year, reaching 366 billion transactions, according to a new report from Capgemini and Royal Bank of Scotland.
Large retailers and financial institutions aren’t the only victims of fraudsters on the prowl for payment card data.
The Depository Trust & Clearing Corporation (DTCC) and Euroclear have taken the first steps towards the creation of a global collateral processing utility with the announcement that they plan to create a UK-based joint venture, DTCC-Euroclear Global Collateral.
eBay Inc.’s board of directors will separate the online auction Website from subsidiary PayPal next year, making two independent, publicly traded companies.
Technologies from Card Compliant aim to help prepaid issuers manage the regulatory and compliance challenges presented by accounting standards and escheatment requirements.
Prepaid product and technology provider InComm has partnered with Merchant Customer Exchange (MCX), the retailer-led consortium that recently unveiled its new mobile payments network, CurrentC.
Minneapolis-based remote deposit capture specialist Cachet Financial Solutions has expanded its partnership with Ingo Money Inc.
The financial industry must work with regulators, market infrastructures and among itself to address the major issues it faces says Jamie Forese, co-president of Citi and chief executive of Citi Institutional Clients Group, during the opening plenary address at Sibos in Boston: “Perhaps the most important issue on which we must work together is encouraging regulators to build a coherent, consistent and unified regime of global financial regulation. We can’t build it ourselves; our role must be as advocates and as advocates we need to speak with one clear and consistent voice.”
The Presidency of the Council of Ministers, the European Union law-making body, has recommended tightening regulations regarding customer authentication and protection of sensitive payment data related to mobile wallets, according to its recently released proposal of the revised Payment Services Directive.
Australian prepaid provider Emerchants Ltd. has made a bold move into the European market, acquiring Store Financial Services UK for AUS$24.9 million (US$21.7 million).
