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08.08.17

Report: Top Reasons Consumers Transfer Money Highlight Payments Opportunities

With competition for cross-border payments heating up, new data from currency exchange website XE.com show that U.S. residents are transferring money internationally most often to pay bills or for living expenses, followed by travel expenses, mortgage and rental payments, and cash gifts.

08.07.17

The Buzz: Untapped Vertical Markets, Paysafe’s Buyout Moves Forward and More

See what your payments colleagues and competitors are reading on Paybefore.com, including the latest M&A news, industry commentary and payments research to guide your strategy.

08.04.17

CFPB Overdraft Disclosure Protoypes Could Foreshadow Regs

The CFPB has released a new overdraft study, along with four prototypes of “Know Before You Owe” disclosures, which the bureau is testing, possibly ahead of regulating checking account overdrafts.

08.02.17

PayPal Doubles Down on P2P with Skype

PayPal is on a tear in terms of taking on new partners and is looking to significantly boost its P2P payments volume, which grew 103 percent in the second quarter, reaching $8 billion in Venmo transactions. The company announced in a blog post on Aug. 2 that any of the more than 1 billion people who’ve downloaded the Skype mobile app will be able use it to send money across borders.

08.01.17

Banks Look to Immediate Payments to Drive Revenue

Banks are investing in immediate payments to drive revenue, while focusing their IT investments on fraud prevention and operational efficiency, according to new benchmark data from ACI Worldwide and London-based consultancy Ovum.

07.31.17

The Buzz: Paysafe M&A, Earnings Galore and More

See what payments colleagues and competitors are reading on Paybefore.com, including the latest M&A and earnings updates—The Bancorp, Discover, Mastercard, PayPal—along with partnerships and regulatory news you can use.

07.28.17

Earnings: Q2 Results for The Bancorp, Discover, Mastercard, PayPal

Several major payments companies released second-quarter earnings this week, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.

07.27.17

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.

07.26.17

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.

07.25.17

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.