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01.19.17

Mastercard Moves Closer to Finalizing VocaLink Deal

A lone concern by the U.K. Competition and Markets Authority (CMA) regarding Mastercard buying VocaLink appears to be nearing resolution, thus paving the way for the card network’s acquisition of the U.K. transaction processor.

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01.19.17

Blackhawk Provides ‘Upside’ for Companies, Business Travelers

Blackhawk Network’s expansion into the incentives industry continues to bear fruit. In its latest partnership, business travel site Upside will be offering its customers incentives, including gift cards from the more than 50 merchants in Blackhawk’s network.

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01.19.17

FIS and Verifone Help Consumers Redeem Loyalty Points

2016 Pay Award winners FIS and Verifone are working together to make it easier (and instantaneous) for consumers to redeem loyalty points, some $16 billion of which are left on the table annually in the U.S., the companies said.

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01.19.17

Carmakers Continue Payments Push: Daimler to Roll out Mercedes Pay

Banks and retailers aren’t the only companies getting into the digital wallet game. Daimler Financial Services, which operates under the same corporate umbrella as the Mercedes luxury car brand, plans to build an electronic payments service via its acquisition of Luxembourg-based PayCash Europe.

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01.19.17

On the Wire: CFPB Sues TCF; Augeo Buys Edo; Mastercard Aid Network Fights Hep C

A snapshot of payments-related press releases is available to you throughout the week, including the latest M&A deals and partnerships.

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01.17.17

Texas Republican Meets with Trump for CFPB’s Top Job

A Texas Republican under consideration to lead the CFPB met with President-elect Donald Trump last week, Trump Spokesman Sean Spicer confirmed on a Jan. 12 call with reporters, according to The Huffington Post. Former U.S. Rep. Randy Neugebauer, a long-time critic of the bureau and a proponent of repealing the Durbin Amendment and other aspects of Dodd-Frank, could please financial services providers, while putting retailers on edge.

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01.17.17

Want Consumers to Spend More? Make Sure They Have Gift Cards.

Gift cards are very good for business, and getting better: 75 percent of U.S. consumers using the payment devices in 2016 spent more during their shopping trips than the value stored on those cards, according to a First Data study. That compares with 69 percent in 2015. The average extra spending stands at $27.74 more than the value of the card, the report said.

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01.17.17

Trade Group Report Offers Post-Brexit Licensing Guidance

With last year’s Brexit decision casting uncertainty on U.K.-based e-money passporting, the Emerging Payments Association (EPA) has released a new report recommending the best options for U.K.-licensed fintech and financial services companies in danger of losing their European Union passporting rights following the U.K.’s exit from the EU.

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01.17.17

White House Unveils Fintech Framework for U.S.

Following the OCC’s plans for a special fintech bank charter, which has state regulators and a few Democratic senators up in arms, the National Economic Council (NEC) of the U.S., part of the Office of White House Policy, has published a whitepaper, “A Framework for Fintech,” reports Paybefore’s sister publication Banking Tech.

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01.17.17

On the Wire: Total Merchant Services, Samsung ‘Flex’ POS Muscle; Ingenico Boosts Conversational Commerce; More

A snapshot of payments-related press releases is available to you throughout the week.

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