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SWIFT Partners with TCH to Drive Instant Payments in the U.S.  

Hot on the heels of the Fed’s Faster Payments Task Force final report and call for the industry to implement faster payments in the U.S. by 2020, SWIFT is offering a gateway.


TransferMate Adds New Hires amid U.S. Regulatory OK

TransferMate, a global B2B payments platform, announced the expansion of its senior management team following its achievement of full U.S. regulatory approval. 


Green Dot Reports Net Income Jump in Q2, Touts Fintech Deals, Acquires Secured Credit Portfolio

Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.


On the Wire: Mastercard, PayPal Take on Asia-Pac Together, allpay Wins Edinburgh Prepaid Bid, More

Keep tabs on the latest payments partnerships, including expanding acceptance in Asia-Pacific for Mastercard and PayPal, Flywire enabling cross-border car payments for international students buying a Volvo, the city of Edinburgh selecting its prepaid provider and more.


Mexico-Based MIT Taps Featurespace for Payments Fraud Prevention

Machine learning continues to take center stage in fraud prevention for the payments industry. Mexico-based payments processor MIT will use U.K.-based Featurespaces’ real-time, machine-learning platform to detect anomalies in individual behavior for fraud and risk management for its 17,000 merchant partners.


Payably, CardConnect Want to Simplify Mobile Payments for Small Businesses

Payably, which offers a platform that integrates mobile payments with QuickBooks Online data in real time, is working with CardConnect to “simplify and speed up” mobile payments for merchants, including initial onboarding and processing and receiving payments.


Faster Payments Task Force Sets Ambitious Goal for 2020

The Fed’s Faster Payments Task Force isn’t kidding when it says it wants every U.S. consumer and business to be able to accept faster payments by 2020. It’s an ambitious plan, no doubt. But with the release of its final report on July 21, detailing 16 proposed faster payment solutions and outlining possible approaches, the task force is making a serious call to action.


Company on the Move: Canadian Prepaid Group Welcomes New Members

The 2-year-old Canadian Prepaid Providers Organization has welcomed three new members and added an annual CPPO Prepaid Symposium to further its mission of supporting the fast-growing prepaid industry in Canada.


CFPB Snapshot: Prepaid Complaints Continue to Drop

At a time when the prepaid industry continues to dissect the CFPB’s final prepaid accounts rule to prepare for compliance—a rule the agency says delivers “strong federal consumer protections for prepaid account users”—the number of consumer complaints related to prepaid products has decreased dramatically from the same period last year, according to the CFPB’s latest complaint snapshot released Nov. 29.


Chase Cuts Deal With Best Buy, Loses Mobile Password

Look for Chase Pay at the POS at your local Best Buy, just in time for this year’s U.S. holiday shopping season, Chase announced Sept. 14. Chase this week also made a noteworthy security move. On Sept. 12, JPMorgan Chase—without announcing it—reversed its security position on its mobile app, removing the need to type in a password once a customer has already been authenticated by either Apple’s Touch ID or an Android biometric scan.