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06.21.17

Mastercard, Western Union Designing Digital Solutions for Refugees

Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements. Announced on June 20—World Refugee Day—the partnership will explore ways to use a digital model to serve the more than 65 million people around the world currently displaced from their homes due to political conflict and natural disasters.

06.20.17

Wirecard Lends Speed, Functionality to Partner VEON

Amsterdam-based mobile network operator and technology company VEON has partnered with Wirecard AG as part of a global payments and processing agreement. Wirecard, a Germany-based provider of global payments solutions, now manages third-party payments functionality and airtime top-up on VEON’s Internet platform, enabling customers to upload funds and update mobile payment accounts within seconds, according to an announcement.

06.19.17

Tate Takes Reins at NBPCA

Brian Tate has been named president and CEO of the NBPCA, replacing Brad Fauss, who in May stepped down from his role at the helm of the prepaid industry association to join Wirecard North America. Tate has served with the NBPCA since 2013 as vice president of government affairs, helping lead the organization’s legislative and regulatory policy agenda, including managing the federal political strategy and building relationships with policymakers on the national and state levels.

06.15.17

CFPB Seeks Comment on Proposed Changes to Prepaid Rule

The CFPB has issued a request for comment on proposed changes to its final rule on prepaid accounts that would adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets.

06.14.17

2017 Pay Awards Results Are In

Today, June 14, Paybefore reveals the Best-in-Category winners in 21 categories and the two recipients of its highest individual recognition, Industry Achievement, for the 2017 Pay Awards.

06.14.17

Q&A with Andrew Buckley, Mastercard

When the self-described skeptic took over as global head of prepaid for Mastercard earlier this year, Andrew Buckley wasn’t quite convinced that the opportunities ahead were worthy of all the hype. Five months later and he’s among the converted, preaching the gospel of democratization—not just of payments but of innovation.

06.13.17

Mastercard, Oxford Plan Helps Banks Breathe Life into Biometrics

With increasing global smartphone penetration and a willing consumer base, financial institutions recognize the potential of biometrics to offer more convenience and security to their customers—but a lack of familiarity with the still-new technology among top banking brass remains a significant barrier to adoption, a new report from Mastercard and Oxford University found.

06.12.17

Preview: Prepaid Power Players to Gather in D.C.

Prepaid stakeholders from around the U.S.—and beyond—are set to converge on Washington, D.C.’s Mayflower Hotel next week for the NBPCA’s sixth annual Power of Prepaid. We’ve got a sneak peek of what’s in store at the prepaid industry’s most important event of the year, including some surprises from industry pioneer Steve Streit.

06.08.17

Mastercard Boosts B2B Payments via a New Hub

Mastercard has unveiled a B2B Hub to help small and midsize businesses speed up invoice and payment processes with accounts payable and payment automation tools.

06.07.17

AML Bill to Create Cross-Border Headaches for Prepaid

Senators Chuck Grassley (R-Iowa) and Dianne Feinstein (D-Calif.) introduced a bill that would include notable changes for prepaid card providers related to current BSA/AML regulations, including defining prepaid access devices as monetary instruments.