The U.S. Commodity Futures Trading Commission will hold a public meeting next week to discuss Bitcoin and the CFTC’s jurisdiction regarding derivatives contracts that reference the decentralized digital currency.
Banks from as far afield as Brazil, New Zealand and Singapore are among the candidates on the shortlist for the Banking Technology 2014 Awards, announced today, showing the continuing competitive edge regional institutions are gaining over the large international players through technology.
Blackhawk Network (NASDAQ: HAWK and HAWKB) today announced it’s acquiring Dallas-based consumer incentives firm Parago Inc., continuing an acquisition streak that’s advancing the prepaid and payments network’s reach into new markets within the corporate and consumer incentive space.
Green Dot Corp. (NYSE: GDOT) reinforced its position yesterday as a full-service financial products and services provider with the announcement of a nationwide rollout of GoBank, a checking account product available exclusively at U.S. Walmart stores.
It’s time to pick your categories to win in Paybefore Awards 2015.
Visa Inc. is bolstering its technology resources by creating 2,000 full-time technologist positions and opening a technology development center in India next year.
A key payments industry group is throwing its support behind tokenization—with a few caveats as to the hurdles that remain before broad industry adoption can occur, including coordinating different tokenization models.
After three years in “stealth mode”—and $30 million in venture funding—once-hot mobile payments startup Clinkle has finally launched, but with a drastically scaled back platform.
The Government Accountability Office (GAO) has determined that the CFPB must take additional measures to mitigate risk of “improper collection, use or release of consumer financial data,” according to a recently released report.
The Securities and Exchange Commission has stepped up its drive to monitor and enforce the financial markets by implementing new surveillance tools to examine and inspect reconciliations. The deal comes as the US regulator charges Barclays with failing to build adequate compliance systems and the bank suffers a fine in the UK.
If you were watching 60 Minutes on Sunday night, your heart probably stopped during the story on “The Tax Refund Scam.”
Citi this week launched Citi Mobile Challenge, a global competition to facilitate new concepts among technology developers surrounding mobile banking and payments.
Electronic payments are growing fast in Nigeria, with the total volume of e-payments reaching a new high of N10.85 trillion (US$ 62.2 billion) in 2013, according to data from the country’s central bank.
Banks should focus their efforts on using data to provide better services to merchants, retail customers and other businesses – and they can build a more efficient business, according to a new report by Kurt Salmon and the European Financial Management and Marketing Association.
Citi has launched a global mobile challenge that it says will help to inspire technology developers to reimagine mobile banking and payments. The bank plans to host a series of events in Miami, New York and Silicon Valley in November, after which finalists will get the chance to bring their product to market with help from Citi.
The U.S. Department of the Treasury’s Direct Express Debit MasterCard program now serves nearly one-quarter of the nation’s entire unbanked population, a recent cardholder survey confirms.
Did Canada’s Supreme Court just create a significant regulatory issue for the country’s prepaid issuers? According to at least one prominent Canadian attorney who’s following the court’s decisions, it appears quite possible—although more investigation is needed.
Last week’s initial public offering of Chinese e-commerce giant Alibaba Group exceeded even the outsized expectations of most observers, raising $25 billion and setting a new world record for an IPO.
After Home Depot confirmed earlier this month it was the victim of a customer data breach affecting shoppers at its U.S. and Canadian stores, the home improvement retailer confirmed late last week that as many as 56 million payment cards are at risk.
Green Dot Corp. has entered an agreement to acquire Santa Barbara Tax Products Group (TPG), the largest consumer tax refund processor in the U.S., for $320 million.
Paybefore was invited to sit down with Buckley, who joined the payments network 15 months ago, during MasterCard Europe’s prepaid conference, which concluded yesterday in Budapest.
National Gift Card Corp. (NGC), a Crystal Lake, Ill.-based marketer and supplier of gift cards for use in loyalty, incentive and rewards programs, today announced it’s expanding operations, retail partners and customers to Europe.
Electronic banking provider Simple has added support for Apple’s Touch ID and Android wearable devices.
Kirk Kordeleski, president and CEO of Long Island, N.Y.-based Bethpage Federal Credit Union, has been appointed to the CO-OP Financial Services Board of Directors.
FirstView Financial, an Atlanta-based provider of financial, mobile and payment technology solutions, has appointed Jerry Uffner president and CEO.
MasterCard Advisors, the professional services arm of MasterCard, has appointed Pierre Burret head of delivery, quality and resource management for Europe, Asia Pacific, Middle East & Africa and Eric Schneider as region business lead for Asia Pacific.
MasterCard Worldwide has appointed Brett Adams group head, integrated processing solutions.
Mobetize Corp., a mobile commerce payment solutions provider, has appointed Eric Dumois vice president, product and compliance.
Skrill Group, provider of online payment technologies to merchants and consumers, has appointed Neil Ward group chief product and marketing officer.
TMG Financial Services, a Des Moines, Iowa-based payments solutions provider, has added six employees.
During Day Two of MasterCard Europe’s prepaid conference, Paybefore met with Antonia Stroeh, the payment network’s new head of prepaid product development for Europe.
InteliSpend Prepaid Solutions is bringing its MasterCard corporate and incentives prepaid products to Canada, the company has announced.
Apple and China UnionPay Co. have struck a deal to bring Apple Pay, the wallet app featured on the new NFC-enabled iPhone 6 and Apple Watch, to China.
Luxembourg-based telecom Millicom and Kalixa, a London-based payments service provider and 2014 Paybefore Awards Europe winner, have created a joint venture to develop a payments service provider to operate in Africa and Latin America.
A white paper released today at MasterCard Europe’s Prepaid Conference in Budapest asserts that financial institutions are not keeping up with consumer demand.
Starting next month, Softcard users will be able to pay for food at SUBWAY using their mobile phones, as the quick service restaurant announced today it will launch Softcard-branded NFC payment terminals at its 26,000-plus locations in the U.S.
Amazon is shutting down its WebPay P2P money transfer service next month, the online retail giant announced this week.
India’s RuPay national payments network is growing fast, bolstered by a government drive to expand banking services and move the country’s economy away from cash.
Mobile financial services can play an important role among a large group of American consumers. That much the Network Branded Prepaid Card Association, the FTC and consumer organizations, including U.S. Public Interest Research Group and the Center for Digital Democracy, agree on.
Chinese online shopping and payments giant Alibaba Group is finding no shortage of investor interest ahead of its upcoming U.S. IPO, which reportedly is already three times oversubscribed.
