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04.26.17

Paybefore Reveals 2017 Pay Awards Winners

Paybefore announced the winners for the 2017 Pay Awards—the most prestigious recognition of excellence in the global prepaid and payments technology industry. Our expert judging panels have made their decisions. Now you can weigh in and help your favorites win the coveted Best-in-Category designation and a spot in the Pay Magazine – Awards Issue.

04.25.17

Spring Edition of Pay Magazine Has Sprung

The digital edition of the spring 2017 issue of Pay Magazine is now available and it’s full of insights and information to help move your company forward. A theme of the spring issue is game-changing technology—and the innovators, products and companies behind it. This edition of Pay Magazine includes an interview with The Bancorp’s Jeremy Kuiper, who discusses some of the major shifts occurring in the industry.

04.25.17

Innovators’ Spotlight: SOLE Financial

Many prepaid companies offer cardholder education elements as part of their platforms, but for Portland, Ore.-based payroll card provider SOLE Financial, ensuring cardholders know how to use their cards wisely and avoid fees isn’t just good PR—it’s good business.

04.24.17

Innovators’ Spotlight: Currencycloud

The London-based company offers banks and businesses the ability to transfer money across borders more easily and efficiently using a suite of APIs that automate payments via the cloud.

04.20.17

CFPB to Delay Final Prepaid Rule by 6 Months, ‘Revisit’ Aspects with New Proposal

It’s official. The CFPB is pushing back the effective date of its final rule on prepaid accounts until April 1, 2018—six months after the originally scheduled implementation date of Oct. 1, 2017. What’s more, the agency has decided to “revisit at least two substantive issues” in the final rule: requirements for digital wallets that are capable of storing funds; and error resolution and liability limitations for prepaid accounts that cannot or have not yet been registered.

04.20.17

Mastercard, Merchants Launch Masterpass-Enabled Bots

Hungry Facebook Messenger users can order a meal, do their grocery shopping or send a gift card for a sweet treat without leaving the messaging platform. Mastercard announced April 18 at the Facebook Developer Conference that it has launched Masterpass-enabled, artificial intelligence-powered chatbots with Subway, FreshDirect and The Cheesecake Factory.

04.18.17

Ant Wins MoneyGram Board Approval after Upping Bid to $1.2 Billion

China’s Ant Financial Services Group appears to have beat back a surprise challenge by Euronet Worldwide to acquire MoneyGram. After raising its offer for the money transfer giant by more than one-third, to $1.2 billion, Ant’s bid has earned the approval of MoneyGram’s board of directors. But the deal still must win regulatory and shareholder approval before Ant officially acquires MoneyGram and gains a massive foothold in the global remittance market.

04.17.17

Global Payments Launches Mobile Payments, Access Platform for Campuses

A year after diving into the campus card vertical with the $4.3 billion acquisition of Heartland Payment Systems, Atlanta-based technology provider Global Payments has unveiled its new TouchNet OneCard VIP service, which the company describes as a single point of access to campus life.

04.12.17

The CFPB and Dodd-Frank Could Face another Congressional Threat

Congressional Republicans hoping to hobble the CFPB and unwind the law that supports it, the Dodd-Frank Act, have another tool at their disposal.

04.11.17

Mastercard Wins U.K. Approval for VocaLink Buy

The U.K.’s Competition and Markets Authority gave its blessing April 11, enabling Mastercard to complete its acquisition of 92.4 percent of VocaLink Holdings for $920 million. The deal, which is expected to close within weeks, gives Mastercard control of a large portion of the U.K. transaction processing market.