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CFPB Pushes Prepaid Card Rule Implementation Back A Year

PYMNTS

The Consumer Financial Protection Bureau (CFPB) has extended the effective date on its 2016 prepaid card rule, among other modifications announced today (Jan. By 2020, analysts forecast that $116 billion per year will be loaded onto prepaid cards.

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Real Innovation Solves Today’s Problems, Not Tomorrow’s

PYMNTS

Innovation happens when you least expect it. Those we call “innovators” are simply the ones who endeavor to solve the problems in front of them by any means necessary. Only later do others look at them and call them “innovators.” PYMNTS: Where do you look for innovative ideas, and why? The conversation is excerpted below.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

PYMNTS

The operation will carry an enhanced, innovative Payroc brand, offering full-service global merchant acquirer services and payments processing in 46 countries. The newly formed enterprise will service more than 55,000 merchants, processing $23 billion in annual bank card volume. .

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. The specific issue that I’m referring to is merchant surcharging – a fancy term to describe the fee charged by merchants when consumers use network-branded card products to pay for their purchases.

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ACI Worldwide Amps Up Erste Bank Hungary Electronic Payments

PYMNTS

ACI provides innovative banks, like Erste, with the ability to seize opportunities, while maintaining their bottom lines,” said Sylvie Boucheron, SVP of financial institutions in North America and Europe for ACI Worldwide, in a press release. The goal, both companies say, is to spur continued growth across Europe. “As

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The Evolution Of eBay’s Global Payments Strategy

PYMNTS

Credit and debit card penetration in markets like Mexico is still low compared to the U.S. For example, so many of Mexico’s consumers who might be interested in purchasing their products may not have credit or debit cards to pay for their purchases.

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