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Top Stories


Visa Invests in Marqeta, Global Partnership Will Drive New ‘Payments Experiences’

Visa Inc. and Marqeta, the Pay Award-winning open API payment card issuing platform, on July 26 announced a multiyear, global partnership to “drive further innovations in commercial and consumer payments.” What’s more, Visa has made a strategic investment in Marqeta to support the company’s domestic and international growth.


House Passes CRA Repeal of Arbitration Rule

The U.S. House of Representatives voted on July 25 in favor of HJR 111 to repeal the CFPB’s final rule on arbitration agreements. The vote was 231-190, but the companion resolution in the Senate may be on the back burner for a while as the Senate focuses on budget and health care battles.


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.


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.


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.


MileagePlus Go Visa Prepaid Card Set to Soar?

Less than two months following the initial announcement from partners Netspend, a TSYS Company, and United Airlines, the prepaid industry’s first air miles rewards card is now available online. Paybefore readers believe more prepaid providers will follow suit with air miles rewards of their own.


U.K. Bans Surcharging, Load Fees Could Be at Risk

The U.K.’s HM Treasury is banning surcharges on credit and debit card payments. For prepaid card providers, the new rules put significant fee income related to card-loading at risk, according to Polymath Consulting.


Urban FT Buys iParse to Speed Mobile App Onboarding for FIs

Mobile banking technology firm Urban FT has completed its acquisition of iParse LLC, which will help the company provide a “mobile plug-in” for financial institutions. The quicker, cheaper option compared with core processing integration will open up feature-rich mobile banking apps to a large number of smaller institutions, the CEO says.


The Buzz: Hensarling Cautions Cordray, Picking the Best Bank Challengers, More

See which stories have your colleagues and competitors buzzing on Paybefore.com, including the prelude to the CFPB’s final rule on arbitration agreements, Amex’s virtual answer to travel business expenses and more.


Vote for the Best Challenger Banks

Vote for the challenger banks (licensed or not) that should make Paybefore’s top 5 Best Challenger Banks list. Share your opinions through July 31. The top 5 vote-getters will be profiled on Paybefore.com.