CFPB Finalizes Consumer-Friendly Policy

CFPB Finalizes Consumer-Friendly Policy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Consumer Financial Protection Bureau (CFPB) finalized a policy to facilitate consumer access to financial products and services that promise substantial benefit to consumers. The new policy establishes a process for companies to apply for a statement from Bureau staff that would reduce regulatory uncertainty for a new product or service…

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Lavu & PayPal Team for Restaurants and Bars

Lavu & PayPal Team for Restaurants and Bars

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Lavu, a specialist in POS solutions for restaurants and bars that run on iOS-based mobile devices has selected PayPal to bring payment processing of EMV or traditional swipe credit and debit card payments to restaurants, bars, food trucks, and other food/beverage businesses nationwide. Restaurant and bar owners often face high costs…

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Pace Payment Systems & CitySourced Hook-Up

Pace Payment Systems & CitySourced Hook-Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TN-based Pace Payment Systems has inked a partnership with CitySourced to integrate electronic credit card and ACH payments to CitySourced’s mobile citizen engagement platform. The partnership will result in cities and towns being able to offer their citizens the ability to make municipal payments with their smartphone device from a single…

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Contactless Volume on MasterCard’s UK Net Up 375% YOY

Contactless Volume on MasterCard’s UK Net Up 375% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The total number of MasterCard processed transactions passed the 1 billion mark in Europe last year – an increase of 150% from 2014. MasterCard’s latest figures reveal that the UK is leading the way with the number of active contactless cards in circulation growing by 188% in the UK, and contactless…

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TeleSign and Orange do the Tango for Security

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TeleSign has inked an agreement with Orange, one of the world’s leading telecommunications operators, to deliver mobile identity and fraud prevention services this year. This new partnership brings together TeleSign’s portfolio of authentication and mobile identity solutions with Orange’s unique insights about its network and subscribers. This combination will lead to…

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GPN + Apple Pay + China UnionPay

GPN + Apple Pay + China UnionPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Payments will offer merchants in China the ability to accept China UnionPay payments made with Apple Pay. Global Payments is fully enabled for Apple Pay acceptance, allowing merchants to offer their customers the convenience of paying quickly and easily with Apple Pay in-store. Security and privacy are at the core of…

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Breaking News Mentions in Today’s CardFlash February 18, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Breaking News: MODOR (digital commerce); ADS (stock); CSC (digital banking); and WiseSec (ATMs). MODOR – Modor Intelligence says the Global Digital Commerce Software Market is estimated to be worth $4 billion in 2015 and is projected to reach to $8.68 billion by 2020 at a CAGR of 16.73%. North America is…

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TransferTo & Vodafone Buddy for M-Pesa Mobile Money

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real…

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Cross-Border Payments in 2016 to Surge

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] There are more people transacting across borders in larger sums than ever before. This group does not feel bound by borders in terms of lifestyle, access or travel. According to Flywire, they are spending increasing amounts on goods and services outside their home countries, resulting in dramatic growth in cross-border payments…

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Omnichannel and Branch Banking: Making It Personal

Omnichannel and Branch Banking: Making It Personal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 75% of U.S. adults own smartphones or tablets, and 70% of them would be interested in their financial institution providing more personalized service to them on their mobile device when they enter a branch of their bank or credit union or use an ATM if they grant permission. Mercator Advisory…

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Canada’s Peoples Trust Explodes in Prepaid Cards

Canada’s Peoples Trust Explodes in Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Peoples Trust, a major prepaid card issuer in Canada, announced significant growth in 2015 with the addition of 150 new programs, and a nearly 19% increase in dollar volume from 2014. Canada is one of the fastest growing prepaid markets and has emerged as a lead market for global fintech expansion…

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Credit Cardholders are Intensely Loyal to Go-To Card

Credit Cardholders are Intensely Loyal to Go-To Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] About 25 million credit cardholders haven’t changed their go-to credit card in at least 10 years and another 20 million have never changed it. According to a new CreditCards.com report senior citizens are the most loyal: 31% have been using the same card most often for at least a decade and…

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