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07.25.17

Blackhawk Network Gives PayNearMe a Boost, Announces Cardpool Marketplace

PayNearMe, which bills itself as the U.S.’s largest electronic cash transaction network, is expanding to Blackhawk Network retail partner locations, starting with Casey’s General Stores. In other news, Blackhawk Network’s Cardpool gift card exchange site launched a new “name your price” marketplace.

07.25.17

Ant Financial Forms JV with CIMB Subsidiary for Digital Financial Services

In another step to expand its global footprint and promote financial inclusion, Ant Financial Services Group on July 24 announced it’s entering into an equity joint venture with CIMB Group Holdings Berhad subsidiary Touch ‘n Go Sdn Bhd (TNG). The JV will introduce a “world-class mobile platform for payments and other financial services,” the companies said.

07.25.17

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.

07.24.17

U.S. House to Vote on Arbitration Rule Repeal Tomorrow

As promised, Congressional Republicans have introduced joint Congressional Review Act resolutions to repeal the CFPB’s recently finalized rule on arbitration agreements. The House is expected to vote July 25 on its version of the resolution (HJR 111), which Rep. Keith J. Rothfus (R-Penn.) introduced in the House on July 20 with 33 co-sponsors.

07.24.17

Paysafe to Acquire Merchants’ Choice, Considering $3.7 Billion Buyout Bid

It’s hard to say which is more compelling. On July 21, Paysafe Group plc announced plans to acquire Merchants’ Choice Payment Solutions for $470 million while also considering its own buyout bid from Blackstone and CVC Capital Partners, which the Telegraph reports is worth £2.9 billion (US$3.7 billion).

07.24.17

New Indian SME Digital Bank Open Readies for Launch

India’s SME-focused digital challenger bank Open is getting ready for its mid-August launch with a round of seed funding.

07.24.17

NCR Tackles Omnichannel Issues for Restaurants, Food Delivery

NCR Corp. on July 24 announced partnerships with Grubhub and DoorDash that it says will improve payments, order-ahead and delivery services for restaurants.

07.24.17

The Buzz: Voting for Challengers, Prepaid Fee Income at Risk in U.K., mVisa Takes on M-PESA

See the hottest payments stories from last week, including the short list for Best Challenger Banks, load fees for prepaid cards and mobile wallets under attack in the U.K., Visa’s mobile march across Africa and more.

07.21.17

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.

07.21.17

Earnings Roundup: Amex, BofA, Blackhawk, Visa

It was a busy week for second- and fiscal third-quarter earnings reports, with American Express, Bank of America and Visa all beating Wall Street expectations, and Blackhawk Network, which also beat analyst predictions, talking international growth, double-digit digital gift card sales and new partner Target set to roll out in Q3.