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The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

Cards 189
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. I would say the most relevant variables across Latin America are banking penetration and credit card penetration,” Gimenez noted. percent year over year.

America 248
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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.

Strategy 230
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.

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How Platform Payments Help The Games Go On

PYMNTS

Bureau of Labor Statistics found that both men and women were more likely to play sports in 2015 than they were in any other year after 2003. As recreational sports have become more popular, managing teams and planning schedules and games, all while collecting league dues, has become a complicated full-time job for organizers.

Payments 108
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Can I Really Do All of My Banking Online?

NCR

In addition to having websites for the existing clientele, it’s a known fact in the financial industry that banks are investing millions of dollars to stay ahead of the curve when it comes to their online marketing strategy. This is how banks have excelled with online presences. But, things have to become even easier somehow.

Online 40
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Hacker Tracker: Shimmers, Identity Fraud, And Hacked Hotels

PYMNTS

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. As Datablink CEO Alex Cagnoni pointed out, card cloning devices are not something new; however, with the use of a chip, the attack has become more complex but still quite effective.

Fraud 100