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White House: CFPB Exempt from ‘1 In, 2 Out’ Rule

The CFPB is not required to comply with President Trump’s executive order limiting new regulations, according to a memorandum from The White House. Trump’s order—which requires covered agencies to repeal two regulations for every one new regulation adopted—does not apply to the CFPB, which is considered an independent agency.


Virtual Piggy Crafts Mobile Wallet Product for Young Consumers

Pay Award-winning Virtual Piggy said Feb. 14 it soon will begin testing a mobile wallet for consumers age 17 and younger, the latest move in the parent-supervised world of mobile payments.


On the Wire: Mnuchin Sworn in as Secretary of the Treasury; PFS to Manage Direct Payments; More

A snapshot of payments-related press releases, including product launches, partnerships and more, is available to you throughout the week.


Vote for the Compliance Titans of Payments

Keeping current with the myriad and constantly changing rules and regulations in the payments industry is no easy feat. It takes special people who are sharp and determined to understand and navigate the legal minutiae and how they applies to their organizations or those of their clients. Paybefore is highlighting the achievements of these Compliance Titans, and we need your help.


New Blackhawk Program Offers Same-Day Rebates for Utility Customers

Capitalizing on consumer demand for cashback rewards, Blackhawk Network has launched a new rebate processing solution that helps utility service providers offer a rebate consumers can receive on the same day of service via prepaid card.


Global ATM Hacker Sentenced to 8 Years in Prison

The ringleader of three highly organized, global cyberattacks on ATMs resulting in $55 million in losses was sentenced Feb. 10 to eight years in prison and ordered to pay more than $55 million in restitution.


On the Wire: Earnings from The Bancorp, Fiserv; Amex Serves up TaxSlayer Refunds; Arby’s Breach Statement

A snapshot of payments-related press releases, including the latest earnings reports, partnerships and more, is available to you throughout the week.


The Buzz: Lawmakers Urge Repeal of Prepaid Rule; Survey Says Prepaid Cards Are a Hit with Canadians; More

See what’s hot on Paybefore.com from last week, including consumer groups attacking lawmakers’ attempts to repeal the CFPB’s prepaid rule; appeals court denying efforts to defend the CFPB; PayPal introducing a payments bot; and more.


Prepaid Gains More Love from Canadians, but Bank Execs Might Have Worries

Reloadable prepaid cards are a hit with Canadian consumers, with 95 percent of them saying they are satisfied with the products in 2016. That represents an increase of 22 percentage points from 2015, and stands as the highest satisfaction rate for all payment tools, according to the second annual survey from the Canadian Prepaid Providers Organization.


On the Wire: InComm Makes Move in Brazil; Chase Pay Partnerships; Cybercrime Arrest in Brooklyn; More

A snapshot of payments-related press releases, including the latest product launches, partnerships and more, is available to you throughout the week.

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