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Obsidian and Arroweye reward consumers for shopping local with prepaid cards

Obsidian, a Colorado-based organisation that encourages consumers to shop local in their home community, has selected Arroweye Solutions for its Local First Card programme.


Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”.


Payments Industry Steps up to Help Harvey Victims

Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.  


How Does Your Prepaid Card Rank?

Two reports ranking U.S. consumer prepaid cards were released in August. Find out which cards made the lists and why.


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.