Top Stories

07.20.17

MileagePlus Go Visa Prepaid Card Set to Soar?

Less than two months following the initial announcement from partners Netspend, a TSYS Company, and United Airlines, the prepaid industry’s first air miles rewards card is now available online. Paybefore readers believe more prepaid providers will follow suit with air miles rewards of their own.

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Mobile & Emerging Payments

07.19.17

Mastercard Buys in to AI with Brighterion

Mastercard has entered into an agreement to acquire Brighterion Inc., a software company specializing in artificial intelligence. This acquisition follows Masterdard’s March acquisition of NuData Security and will further expand Mastercard’s capabilities to “deliver an enhanced customer experience and security.”

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Pay Studio

07.20.17

Compliance Titans: Jim Schafer, FIS

An early interest in credit cards hooked Jim Schafer on payments. Since then, his work has taken him across the globe in roles as diverse as programming and human resources. But it’s his current role as senior compliance director of FIS Payments that has led him to be named one of Paybefore’s Compliance Titans.

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Retail

07.17.17

Congressman Calls for Hearing on Amazon’s Whole Foods Bid

On this heels of its record-breaking Prime Day, during which sales were up more than 60 percent over last year, Amazon is facing antitrust concerns from the top Democrat on the House Judiciary Antitrust Subcommittee. U.S. Congressman David N. Cicilline (R.I.) is calling for a hearing on the e-commerce giant’s $13.7 billion bid to acquire brick-and-mortar specialty grocery chain Whole Foods.

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Op-Ed

07.17.17

Find Innovation in a Sandbox, Not in a Lab

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Financial institutions are struggling to find the right strategy to stay ahead of the future, which is why innovation labs are all the rage. But unless you have lots of money and lots of time, you’re better off investing in incremental innovation from a “real-world sandbox.”

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Government Watch

07.19.17

U.K. Bans Surcharging, Load Fees Could Be at Risk

The U.K.’s HM Treasury is banning surcharges on credit and debit card payments. For prepaid card providers, the new rules put significant fee income related to card-loading at risk, according to Polymath Consulting.

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On The Move

07.20.17

Karmic Secures $17.2 Million in Series B Financing, Adds Board Members

Pay Award-winning Karmic, which offers an integrated payment and expense management solution, has raised $17.2 million in a Series B round of financing. Wei Hopeman and Jim Whims have joined its board of directors.

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