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Connecticut Department of Banking issues consumer and industry advisory on money transmission

CFPB Monitor

On July 20, 2022, the Connecticut Department of Banking (the “Department”) issued a Consumer and Industry Advisory on Money Transmission (the “Advisory”). The Advisory lists entities that traditionally provide transmission services like bill payers, payroll processors, and issuers and sellers of prepaid cards and money orders.

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JPMC Bets On Travel Rebound With Acquisition Of cxLoyalty's Rewards Division

PYMNTS

cxLoyalty will continue to strengthen and expand the value of relationships for its clients and their customers through its leading technology, rewards content in relevant categories including travel, gift cards and merchandise, and world-class personalized customer experience," Siegel said in the statement.

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CardX CEO: Ban On Card Surcharge Ban May Lead to Lower Interchange Fees

PYMNTS

Will the ban on the credit card surcharge automatically lead to significantly higher prices when consumers opt for the plastic (via card or digital wallets) at the pump, at the counter … or pretty much anywhere? In New York this month, credit card surcharges got the okay. Maybe, maybe not. As Webster recounted Monday (Jan.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

Recent days have brought the debut of the “first mobile-enable lottery card” in the state, according to the companies behind the card, Linq3 and Blackhawk Network. The product combines the gift card with the lotto entry, and here’s how it works, according to statement announcing the launch. Lotto and Payment Cards.

Ohio 103
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The Latest Analog To Digital Battleground: Store Shelves

PYMNTS

Sometimes, a technology takes longer than expected to find its footing in a market. The ATM card, for example, was around for quite a while — since the early 1960s — before it fell into common use among U.S. It seems that electronic shelf-label technology may be taking a similar slow-burn path to growth in the U.S.,

Retail 134
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Taking A Bite Out Of Smart Self-Serve Kiosk Trend

PYMNTS

The latter still seems to be catching on, though the ones using it have reported great success with the technology so far. It’s rolling out the technology along with simplified kitchen displays across the chain. It does accept credit cards, Apple and Android Pay, and (soon) other alternative payment forms such as WePay.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

He pointed to advancements in technology that allow people to tap into wages as they are earned to help alleviate financial stresses. It’s well known that individuals must pay bank and auto loans, utility and credit card payments in a timely manner or risk facing penalties. Other states, like Florida, may have no state income tax.

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