Home » Pay News » (Page 2)

Pay News


On the Wire: Cardpool Simplifies Gift Card Exchange; Startup Bank Selects GPS; Cardtronics, Dash Happy Together; More

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


House Financial Services Committee Names New Members, Leadership

The newly seated 115th U.S. Congress includes several new faces on one of the most important committees for financial services regulation. House Financial Services Committee Chairman Jeb Hensarling (R-Texas) announced 10 new Republican members who will serve on the committee for the new Congress.

Honda is conducting the first proof-of-concept demonstration of in-vehicle payments with infrastructure parking and fueling partners at 2017 CES in Las Vegas as part of its ongoing partnership with Visa Inc.

Payments Paradise by the Dashboard Light: Visa, Honda Test-Drive In-Car Transactions

Honda and Visa are testing a system that enables a driver to pay for fuel and parking from inside Web-connected cars, the latest development in the emerging Internet of Things, and yet another sign that more payments are moving beyond physical payment cards.


Democratic Senators Oppose OCC Fintech Proposal

A skirmish over the future of U.S. fintech is underway in the new U.S. Senate, with two Democratic senators this week saying a new federal charter governing the industry “could weaken consumer protections, limit competition and threaten financial stability.”


Gift Card Study: Self-Gifting, Non-Seasonal Use Going Strong

U.S. adults bought about $46 billion worth of gift cards over the past year—and a significant chunk of that total was comprised of gift cards for self-use, according to a new study by market research firm Packaged Facts. Of the total consumers spent on gift cards, $28 billion was for gift cards given to friends and family, while $11 billion was for gift cards they gave to themselves, the report found. The remaining $7 billion was comprised of gift cards given by companies to their employees.


On the Wire: PayPal’s Mobile Surge; Card-Linked Offers Just Got Easier; NovoPayment Offers Messenger Integration; More

A snapshot of payments-related press releases is available to you throughout the week, including the latest from PayPal, Wirecard and more.


CFPB Fills Leadership Roles amid Uncertain Future

Ahead of what could be some big changes for the CFPB during the incoming Trump administration, the agency has announced new appointments to several leadership positions.


Walmart and Visa Make Peace in Canadian Payments Dispute

A major payments battle has come to an end: Walmart Canada and Visa said they have reached a deal that enables consumers to use Visa-branded payment cards at retail locations in that country.


New App Aims to Provide ‘Clarity’ to Personal Finances

Data analytics and artificial intelligence are on nearly everyone’s 2017 trend-watch lists, but Clarity Money wants to put those same tools directly into consumers hands with an app it says will improve financial well-being and increase users’ financial literacy.


Digital Payments and Retail Score Another Christmas Victory

E-commerce accounted for 21.3 percent of U.S. holiday retail sales this past season, up from 15.4 percent from 2015, according to First Data, a further sign that consumers continue to switch their buying and payments away from traditional retail stores. By contrast, full season holiday spending, excluding gas purchases, increased 4.7 percent from last year—still well behind the growth rate for e-commerce but better than the measly 1.8 percent growth booked in 2015.

Please submit the following form to gain access to all Pay Connect company resources.

  • This field is for validation purposes and should be left unchanged.