CFPB Monitor

MAY 10, 2023

Auriemma Roundtables, a leading provider of business intelligence solutions to the consumer finance industry, together with First National Bank of Omaha and a group of several other premier consumer financial services firms, has filed a comment (the “Auriemma Roundtables Comment”) on the credit card penalty fees proposal (the “Proposed Rule”) issued (..)

Omaha 78

Omaha Cards National Groups 78

PYMNTS

APRIL 8, 2019

The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard , has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Mastercard hired Murphy in 2000. which focuses on managed healthcare.

National 122

National New York City New York Leadership 122

PYMNTS

MARCH 5, 2019

Credit card debt in the U.S. Bloomberg , citing data from the Federal Reserve, reported credit card balances in the third quarter were $26 billion less. According to the report, there are close to 480 million credit cards being used by U.S. Credit card debt stands as the fourth biggest portion of U.S.

Cards 186

Cards Groups Report National 186

CFPB Monitor

AUGUST 13, 2020

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group and its Fintech & Payments Team received national rankings from The Legal 500 in the financial services regulation and fintech categories. It was our first application for ranking in the fintech category.

National 60

National Groups Fintech Payments 60

CFPB Monitor

MAY 2, 2019

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again been ranked in the highest tier nationally in the category of Financial Services Regulation: Consumer Finance (Compliance and Litigation) by Chambers USA: America’s Leading Lawyers for Business.

National 68

National Groups Regulation Compliance 68

PYMNTS

MARCH 29, 2019

Payments company Square has partnered with the Washington Nationals and Levy Restaurants to let fans order concession menu items right from their seats, according to reports. The terminals allow customers to pay with credit or debit cards and digital wallet payment options like Apple Pay or Google Pay.

Washington 134

Washington National Google Apple 134

PYMNTS

APRIL 2, 2020

The commercial credit card is increasingly viewed as a critical tool for these small and medium-sized businesses (SMBs) in need of fast access to credit, but many financial institutions are going further to nix fees on their card programs, including card products for small firms. Comdata Fuel Cards Facilitate Factoring.

Cards 164

Cards Capital Tools Fintech 164

PYMNTS

SEPTEMBER 23, 2020

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. PayPal, Mastercard Add 5 EU Countries To Debit Card Offering. Germany and the United Kingdom.

Cards 214

Cards Google Regulation cryptocurrency 214

PYMNTS

JANUARY 7, 2021

According to Experian’s 2020 Consumer Credit Review , the national average FICO score increased by 7 points last year, to a record 710, a rating that is considered “good” within a 5-tiered scoring system that ranges from 300 to 850, ranking scores from “very poor” to “excellent.”. Still Heavily Indebted. Scoring The Scorekeepers.

Cards 237

Cards New York National System 237

PYMNTS

MAY 8, 2020

We’re most encouraged to see such widespread bipartisan support for the Payne bill,” said Bruce Renard, Executive Director of coalition member The National ATM Council, Inc. This law will establish sound and consistent guidelines to help preserve a nationwide option for consumers to pay with cash.”.

Groups 182

Groups San Francisco NJ New Jersey 182

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Credit cards typically contain a chip or require a PIN. Vendorcom wants answers.

Groups 131

Groups Regulation Fraud Security 131

PYMNTS

JUNE 13, 2019

In early May, Mastercard , in partnership with SEDESSON, the Mexico state agency for social benefits, and Edenred Bank, announced a first-of-its-kind test in Mexico’s Sonora state – the first regional test of biometric card technology in national history. The Challenge of Building the Right Card for the Job.

Cards 187

Cards Security United States Technology 187

PYMNTS

APRIL 3, 2018

To simplify its path to EMV card acceptance, and to reduce PCI compliance scope, Kentucky Fried Chicken (KFC) has migrated its payments system in the U.S. to Ingenico Group ’s Telium Semi-Integrated solution. Ingenico Group has helped KFC U.S.

Groups 101

Groups Payments Kentucky Customer Experience 101

Bank Innovation

APRIL 25, 2018

EXCLUSIVE— Millennial and Gen Z-focused credit card provider Deserve has raised $50 million from the Keystone National Group, funding earmarked for the startup’s expansion of account receivables, the company announced today.

Millennials 199

Millennials National Groups Cards 199

PYMNTS

JANUARY 2, 2019

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. The National Bank of Kuwait has rolled out SWIFT Global Payments Innovation (gpi) services via the payments engine of ACI Worldwide, according to an announcement.

National 122

National Innovation Customer Experience Payments 122

PYMNTS

JANUARY 18, 2017

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. said Renard in the same press release.

ATM 100

ATM National New York City New York 100

PYMNTS

JANUARY 7, 2019

Coverage includes the launch of Wirecard and Ctrip ’s multi-currency Visa cards for customers in China. fashion retailer Missguided is offering a pay later option through Klarna , and Nordic payments company Nets A/S and merchant payment service provider Concardis Payment Group said they have completed their merger. In addition, U.K.

Cards 168

Cards Groups Payments Regional 168

PYMNTS

MAY 12, 2020

There was a time when consumers did not require much more from their local bank than a checking account, savings account and an ATM card. Consumers are paying with credit and debit cards more than ever before, and they are increasingly looking to their smartphones to gain greater control over how they spend and manage their money.

Regional 241

Regional National Cards Mobile 241

PYMNTS

JULY 3, 2019

Ahead of the Fourth of July holiday, Google Pay has rolled out mobile support for cards from 13 U.S. Services like Google Pay must come to an agreement with a credit union or bank before they can support a consumer’s debit or credit card, 9to5Google reported. The report also noted that it seems U.S.

Google 109

Google Illinois Cards Cleveland 109

PYMNTS

JULY 1, 2020

A group of big European banks is planning to challenge Visa ’s and Mastercard ’s positions as the world’s two largest payment processing networks, Electronic Payments International reported. . In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system.

System 327

System Payments Cards Groups 327

PYMNTS

AUGUST 8, 2019

The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western Union’s payments expertise and knowledge of foreign currency transactions and currency risk management, according to a Western Union press release on Thursday (Aug.

Groups 178

Groups Payments Risk Management Cards 178

The Paypers

MAY 14, 2023

US-based national bank TD Bank , the US subsidiary of TD Bank Group, has launched two new credit cards, the TD Clear and the TD FlexPay cards, and announced improvements to popular products.

Cards 36

Cards National US Groups 36

PYMNTS

AUGUST 7, 2020

India has seen a steady stream of digital payments since it locked down to prevent the spread of COVID-19 , but the nation of 1.3 To remedy the problem, the Reserve Bank of India supports an option for offline payments through cards, wallets and mobile devices. In July, the National Payments Corp.

Payments 267

Payments Guidelines National System 267

PYMNTS

MARCH 8, 2016

It is apparently getting harder to get a gift card out there, as retailers are making it harder to buy them. Some have started requiring cash-only purchases of the cards, others have cut them down to smaller denominations, others have put limits on buying multiple cards and some have just dispensed with selling them altogether.

Cards 100

Cards Fraud Retail National 100

PYMNTS

JULY 17, 2018

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. The debate involves virtual cards and their use by insurers to pay healthcare providers. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees.

Cards 100

Cards Georgia Alabama New York 100

PYMNTS

APRIL 9, 2020

The cybercriminals demanded $6 million in ransom with a promise that they would not release the sensitive information of Travelex customers, including birthdates and credit card numbers. They claimed to have birthdates, credit card information and national insurance numbers and demanded the $6 million payment.

Report 279

Report Groups Data Cards 279

PYMNTS

OCTOBER 13, 2017

Australian government agencies are reportedly plagued by company card fraud and misuse, according to new analysis from media company Fairfax Media. The ABS had 156 cases of inappropriate spend on its cards, Fairfax found, valuing more than $43,000 in misspend. Reports in the Sydney Morning Herald on Thursday (Oct.

Fraud 100

Fraud Cards Company Analysis 100

PYMNTS

FEBRUARY 20, 2018

Same Day ACH became a reality in 2017 after the National Automated Clearing House Association (NACHA) introduced its faster payments infrastructure to the market. Card networks have also taken measures to increase their presence in the B2B payments market. In the U.S.,

Groups 108

Groups Payments cryptocurrency Cards 108

PYMNTS

FEBRUARY 23, 2017

A board of appeals in New York state has revoked earlier regulations surrounding payroll cards developed by the New York State Labor Department after determining that the NYSDOL exceeded its rulemaking authority under the New York State Commissioner. Reports in the National Law Review Tuesday (Feb. ”

Regulation 108

Regulation Cards New York ATM 108

PYMNTS

MAY 6, 2019

Coverage includes the debut of Hong Kong’s MeReal Biometrics Keyper smart fingerprint card. MeReal Biometrics, a biometric card maker based in Hong Kong, has debuted its Keyper smart fingerprint card, according to reports. The card offers multiple forms of communication ranging from contact to sound waves and contactless.

Cards 108

Cards Capital Mobile Security 108

PYMNTS

MAY 1, 2017

While international food retail group Ahold Delhaize (AD) has seen value drop consistently since the beginning of March, the last week of April trading indicated signs of a rally, closing the month out on an up note. And with 80 percent national coverage, these current stats wouldn’t come as much of a loss.

National 100

National Las Vegas Texas Columbus 100

CFPB Monitor

DECEMBER 22, 2016

Yesterday, several national civil rights groups issued a joint statement applauding the CFPB’s work and expressing support for Director Cordray “as he continues to lead the CFPB in the fourth year of his five-year tenure.” ” .”

Groups 60

Groups Leadership Community National 60

PYMNTS

JULY 11, 2016

Late last week, The Register reported that 105 suspects of credit card fraud were arrested in Asia and Europe after a cybercrime ring was busted by authorities. The suspects are accused of using counterfeit credit cards to buy luxury goods, and house searches of the accused resulted in the discovery of 3,000 fraudulent payment cards.

Fraud 100

Fraud Cards ATM Groups 100

PYMNTS

OCTOBER 6, 2020

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. There are real opportunities for those brands that deeply understand their consumer.”.

Millennials 200

Millennials Retail United States National 200

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Time will tell.

Regulation 100

Regulation Cards Digital Banking social media 100

PYMNTS

NOVEMBER 30, 2020

Most digital wallets can only be funded with a credit or debit card. Consumers who may not have ready access to debit or credit cards to fund their eWallets will now have the option to do so directly through their bank accounts,” said Ravi Menon, managing director, MAS. It will be available starting February 2021. More than 12.5

Payments 170

Payments Digital Banking Groups Cards 170

PYMNTS

MARCH 12, 2020

Last year, credit card data was stolen from online stores hosted by eCommerce software, hosting and support company Volusion. Hackers breached Volusion servers and inserted malicious JavaScript code, which made its way onto customer store websites, where it recorded payment card details when they were entered into checkout forms.

Data 155

Data Payments Cards Maine 155