AffiniPay goes live in Puerto Rico
The Paypers
APRIL 21, 2024
US-based AffiniPay has expanded into Puerto Rico with LawPay and CPACharge, enhancing payment solutions for legal and accounting professionals.
Western Union Links Puerto Rico Entrepreneurs To Cross-Border Payments
PYMNTS
MARCH 12, 2019
Western Union (WU) is bridging small businesses (SMBs) and entrepreneurs in Puerto Rico to cross-border payment services, the financial institution (FI) said on Monday (March 11). Business Solutions’ expansion in Puerto Rico via the TuChequera.com partnership could signal an end to any possible divestment efforts.
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Today In Payments: Puerto Rico Falls Prey To $4M Online Fraud; India’s Antitrust Investigation Into Amazon, Flipkart On Hold
PYMNTS
FEBRUARY 14, 2020
In today’s top news, at least four Puerto Rico government agencies were targeted in a $4 million online scam, and India’s court hit pause on their antitrust investigation into Amazon and Flipkart. Puerto Rico Falls Prey To $4M Online Fraud. Also, Flywire raised $120 million and acquired Simplee Healthcare.
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Off The Continent And Into Puerto Rico For Online SMB Lending
PYMNTS
MAY 2, 2017
In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. In addition, said Arora, whose firm has arranged for $1.7
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PR Gov’t Loses $2.6M Due To Email Phishing
PYMNTS
FEBRUARY 13, 2020
The government of Puerto Rico lost $2.6 The department got an email that said there was a new bank account connected to remittance payments, and money was sent to it erroneously. The department got an email that said there was a new bank account connected to remittance payments, and money was sent to it erroneously.
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FV Bank unveils global cross-border payment solution
BankInovation
FEBRUARY 6, 2023
San Juan, Puerto Rico-based FV Bank has added cross-border payment capabilities to its digital banking offerings to encourage customer retention. The new feature from the private digital bank runs on APIs and can send seven types of currency including U.S. At […]
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52 Popular in Puerto Rico urged by activist investor to sell
Payments Source
DECEMBER 10, 2019
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
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Today In Payments Around The World: Razer Fintech, Visa Unveil Prepaid Card; SafetyPay Collaborates With LATAM’s Rappi
PYMNTS
OCTOBER 7, 2020
In today’s top payments news around the world, Razer Fintech and Visa have unveiled the Razer Card prepaid card, while SafetyPay has joined forces with LATAM’s Rappi. In addition, the Razer Card will showcase contactless payment technology that enables cardholders to tap to pay. Digital Payment Firm SafetyPay Teams With LATAM's Rappi.
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Brooks Brothers Reports Payment Breach
PYMNTS
MAY 15, 2017
and Puerto Rico had their payment card information compromised. It revealed a hacker gained access to customer payment information and installed software to capture those details at its physical locations. Over the past 11 months, Brooks Brothers ’ customers at various brick-and-mortar locations in the U.S.
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MoneyGram Extends Relationship With Walmart
PYMNTS
OCTOBER 6, 2020
MoneyGram International , the global peer-to-peer payment and money transfer company, has extended to its relationship with Walmart Inc. Puerto Rico and on its digital platform at walmart.moneygram.com. through March 2024, the Texas-based company announced on Tuesday (Oct.
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NEN Widens USAT Partnership For Cashless Payments Growth
PYMNTS
NOVEMBER 15, 2019
Cashless payments firm USA Technologies (USAT) is expanding its partnership with amusement kiosk operator National Entertainment Network (NEN) to bring expanded cashless payment options to more vending machines and devices, the companies announced in a press release on Friday (Nov. and Puerto Rico.
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Delta, American Join United In Eliminating Change Fees In US
PYMNTS
AUGUST 31, 2020
Puerto Rico and the U.S. The move comes after rival United Airlines did the same thing Sunday (Aug. 30), getting rid of its $200 fee to change tickets for domestic flights. Delta, which is based in Atlanta, made the elimination of the change fees effective immediately, and included all tickets for the U.S.,
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FEMA Looks At Blockchain To Aid Disaster Payouts
PYMNTS
NOVEMBER 19, 2019
The report cited disasters, such as Hurricanes Maria in Puerto Rico or Harvey in Texas, where those affected might not have any access to the information needed to file a claim, such as policy documents, land ownership records, personal identification and more.
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Cash may reign for weeks in storm-ravaged Puerto Rico
Payments Source
SEPTEMBER 25, 2017
In post-hurricane San Juan on Monday, commerce picked up ever so slightly. With a little effort, you could get the basics and sometimes more: diapers, medicine, or even a gourmet hamburger smothered in fried onions and gorgonzola cheese. But almost impossible to find was a place that accepted credit cards.
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Popular in Puerto Rico urged by activist investor to sell
American Banker
DECEMBER 10, 2019
Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.
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Two weeks after Maria, Puerto Ricans struggle to move money
Payments Source
OCTOBER 2, 2017
The desperation in Puerto Rico for life's essentials — food, gas, water and electricity — in the wake of Hurricane Maria illustrates the need for payments providers to move as quickly as possible to get the U.S. territory in a position to reinstate some semblance of modern commerce.
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Kachkar Charged With $140 Million Fraud
PYMNTS
OCTOBER 3, 2016
In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. to borrow tens of millions of dollars in credit from Westernbank Puerto Rico.
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United Drops Change Fees On Domestic Flights
PYMNTS
AUGUST 30, 2020
Puerto Rico and the U.S. United also extended its waiver for new tickets issued through the end of the year to allow unlimited changes for free. The changes apply to standard economy and premium tickets for travel within the U.S., Virgin Islands.
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Short-Term Rental Hosts Undercut Airbnb With Pricing, Bookings
PYMNTS
MAY 6, 2020
He listed his properties in San Juan, Puerto Rico, on Airbnb, Booking.com and HomeAway. All of these independent sites must advertise, establish payment systems, write rental contracts, and maintain their website or hire someone to do it. That’s totally respectable, but we should do the same for us.”.
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146 TransferMate Gets Payment License In Singapore; Shanghai Commercial Bank Teams With EMQ
PYMNTS
MAY 29, 2019
Welcome to The Axis, your late look at payments news from around the world. Business-to-business (B2B) payment cross-border payment provider TransferMate has earned a payments license in Singapore, according to reports. and Puerto Rico in addition to Canada, New Zealand and Australia, among other places.
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This Week In Retail: Funding, Finance And Tech
PYMNTS
AUGUST 25, 2017
Walmart is getting in on the lending game in its own way with the unveiling of an installment loan offering that will allow people to put higher-priced items on a payment schedule. 96 million | Amount CFPB ordered American Express to pay out to affected Puerto Rico and the U.S. Virgin Islands. Virgin Islands consumers.
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100 02.06.18 Your morning briefing
Payments Source
FEBRUARY 6, 2018
Today: A cryptotown in Puerto Rico?; The information you need to start your day, from PaymentsSource and around the Web. Nigel Green launches cryptowallet; Singapore Airlines debuts new loyalty program; Interac reorganizes.
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Corporate Debt Has A Bad Side
PYMNTS
JULY 4, 2016
70 billion in debts are threatening to cripple Puerto Rico , the result of the government borrowing to keep its state-run businesses afloat, among other factors. The island’s debt crisis is complicated further by the fact that Puerto Rico does not have the legal ability to restructure its debt.
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Popular Becomes Second To Launch Credit Cards For Use In Cuba
PYMNTS
AUGUST 24, 2016
and the first in Puerto Rico to offer its credit cards for use in Cuba. In a press release , Popular said the Mastercard credit cards of its two banking subsidiaries, Banco Popular de Puerto Rico and Popular Community Bank, can be used at any of Cuba’s authorized merchants and ATMs throughout the country. regulations.
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Amex charged higher rates and fees in U.S. territories, CFPB says
Payments Source
AUGUST 23, 2017
American Express charged higher interest rates and annual fees to cardholders in Puerto Rico, the U.S. Virgin Islands and other U.S. territories than in the U.S., the CFPB said Wednesday.
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Costco’s Co-Branded Credit Card Has 1 Million Members
PYMNTS
DECEMBER 13, 2016
In June, the club retailer stopped accepting American Express at all United States- and Puerto Rico-based brick-and-mortar locations and online and forged a new partnership with Visa. In addition to launching its co-branded payment card, Costco also accepts Visa cards at all locations. Out of the chain’s approximately 11.4
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Google Tracker: Google Earth, Air And Sea
PYMNTS
OCTOBER 10, 2017
From sky to sea, Google hardware could soon be all around us — and it could start in Puerto Rico. The sky is the limit for Project Loon, which could help restore communications infrastructure to Puerto Rico in the wake of Hurricane Maria. Building a Better Balloon. Self-Driving Ships. Hardware Event Recap.
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Tax Season Adds Extra Fraud Weight For SMBs
PYMNTS
FEBRUARY 24, 2020
This week’s B2B Data Digest takes a look at the latest data points behind more cases of B2B payments fraud. million was lost by the government of Puerto Rico , which fell victim to an email phishing scam in the latest example of B2B fraud attacks targeting public and government entities. .
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Acer Hack Compromises Card Data Of 34.5K Customers
PYMNTS
JUNE 21, 2016
Computer manufacturer Acer announced that hackers may have stolen the payment credentials of thousands of its customers. Canada and Puerto Rico, according to a letter from the company. The payment data of customers who used credit cards to purchase computers on Acer’s website may have been exposed, the company warned.
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Sears Offers Online ‘LEASE IT’ Financing Program
PYMNTS
MAY 4, 2018
“To build on this success, we are now making it easier to lease products not just in-store, but across our digital channels, including Sears.com, Kmart.com, the Sears and Kmart apps and our Puerto Rico sites, Sears.com/pr and Kmart.com/pr,” the company wrote in a blog post. Sears has also made the approval process fast and easy.
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Banking's Top 5 Total Return to Shareholders: 2022 Edition
Jeff For Banks
DECEMBER 16, 2022
In addition, the bank developed a niche in the payments business, sponsoring multiple independent sales organizations (ISOs) specializing in bankcard and ACH payment solutions, generating $2.5 and Puerto Rico banking laws and regulations. billion in processing volume in the third quarter of this year. Well done! #3
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Singtel Teams With Axiata Digital; Cleartrip Integrates Apple Pay
PYMNTS
FEBRUARY 27, 2019
Welcome to The Axis, your late look at payments news from around the world. European tech firm Aave is rolling out its Aave Pay app, online travel firm Cleartrip has brought Apple Pay to its mobile app in Saudi Arabia and Elavon has been selected by Canada’s Jetlines for payment services. Elavon has customers in Canada, the U.S.,
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108 Lease-To-Own Services Make A Comeback With Overstock.com
PYMNTS
SEPTEMBER 24, 2018
If approved, the customer’s eCommerce checkout process works as it would for other payment methods: the customer chooses Progressive as their payment method and Overstock.com ships the order following an initial payment of $49. Lease payments can be automatically deducted from a member’s bank account or credit card.
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PayPal Extras Mastercard Program Renewed
PYMNTS
JULY 28, 2016
and Puerto Rico. “We VocaLink operates Bacs, the automated clearing house that acts as a conduit to direct credit and direct debit payments between bank accounts; Faster Payments, which is the real-time account-to-account payments service conducted over mobile, internet and phone rails; and LINK, the country’s ATM network.
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Bancolombia, First Data Team Up On eCommerce Solutions In Colombia
PYMNTS
JULY 26, 2016
First Data and Bancolombia said they plan to bring the “latest payments innovations from Europe and the United States to the Colombian market,” including business management and eCommerce solutions.
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IRS Asks Court To Dismiss Motion To Block It From Accessing Coinbase Data
PYMNTS
DECEMBER 29, 2016
It is licensed in 34 states, the District of Columbia and Puerto Rico and operates in 32 countries. Coinbase previously stated it would oppose government efforts to obtain customer information. The company is the largest virtual currency exchange in the U.S.
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China, Alibaba Are Big Players On The Blockchain Patent Block
PYMNTS
SEPTEMBER 12, 2018
Puerto Rico is looking at ways to beef up the performance and security of the electric grid itself, following hurricanes that struck last year. That follows a meeting late last month of the Senate Energy and Natural Resources Committee, which examined utilities by looking at blockchain and energy security.
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201 NY DFS announces multistate investigation of payroll advance industry
CFPB Monitor
AUGUST 7, 2019
” Rather, they argue that the advances are payments for compensation already earned. Puerto Rico Comisionado de Instituciones Financieras. Participants in these programs do not view the advances as “loans” or “credit” or the tips as “interest” or “finance charges.” New Jersey Department of Banking and Insurance.
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92 Equipping Disaster Workers With Card-Based Financial Tools
PYMNTS
JUNE 14, 2018
and Hurricane Maria shook Puerto Rico — meaning the impacts were widely felt. Faster Payments for Disaster Relief. Different response stages require specific payment methods, Dyson said, and disbursement typically follows a cycle. Our evolution after a disaster is cash to PEX [payment card] to credit card.”.
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Grocery Round-Up: Digital-First Delivers For Kroger, Another Instacart Pair-Up And Hoarding Round 2
PYMNTS
DECEMBER 4, 2020
CVS Pharmacy y más locations have been under construction since 2015 and as of 2020 there are more than 200 open in 90 cities across California, Florida, Nevada, Oklahoma, Texas and Puerto Rico. The Stockpiling Fever’s Second Wave . Some comebacks are welcome. Others, not so much.
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Coronavirus’s Potential To Change Healthcare Supply Chains Forever
PYMNTS
FEBRUARY 27, 2020
The coronavirus’ impact mirrors the supply chain and product sourcing consequences seen in 2017 during Hurricane Maria, which devastated the island of Puerto Rico, the U.S.’s he asked hypothetically. s main supplier of IV solutions, forcing procurement officials to look in other markets to fill demand.
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Equifax Reaches Historic $575 Million Settlement Agreement Arising from 2017 Data Breach
CFPB Monitor
JULY 23, 2019
million Social Security numbers, and 209,900 payment card numbers and expiration dates. Equifax will also pay $175 million in fines to forty-eight states, the District of Columbia, and Puerto Rico to bring an end to the investigations being conducted by their Attorneys General.
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99 Hurricane Florence’s Retail Punch
PYMNTS
SEPTEMBER 14, 2018
Though not expected to be as damaging as the hurricane run that ripped through Texas, Florida and Puerto Rico last year, Hurricane Florence is expected to deal $700 million worth of net negative impact on the U.S. A bad one — bad enough, in fact, to be this week’s biggest fizzle.
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Spring Break Goes High-Tech
PYMNTS
APRIL 20, 2019
But apart from booking trips on travel apps, hunting online for discounts and using social media to post the highlights in real time, we don’t tend to think about how technologically advanced a vacation can be when it comes to payments and commerce.
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