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The Buzz: Trump Meets with Potenial CFPB Chief; How ‘New’ D.C. Will Affect Industry; Blackhawk Provides ‘Upside’; More

See what’s hot on Paybefore.com from last week, including Trump’s meeting with a prospective new CFPB director, how a new president and Republican-controlled Congress will affect the payments industry, Blackhawk’s ‘Upside’ for companies and business travelers.


Change ahead in D.C.: What’s Up For Grabs; How Will it Affect the Industry?

Winds of change are blowing in Washington, D.C. The election of Republican Donald J. Trump as president, combined with a Republican-controlled U.S. House and Senate has the potential to usher in widespread change, and much of it could affect the payments industry. As eventful as 2016 was, it might pale in comparison with 2017. We’ve compiled a list of some of the biggest regulatory and legislative issues to watch in the weeks and months ahead.


Texas Republican Meets with Trump for CFPB’s Top Job

A Texas Republican under consideration to lead the CFPB met with President-elect Donald Trump last week, Trump Spokesman Sean Spicer confirmed on a Jan. 12 call with reporters, according to The Huffington Post. Former U.S. Rep. Randy Neugebauer, a long-time critic of the bureau and a proponent of repealing the Durbin Amendment and other aspects of Dodd-Frank, could please financial services providers, while putting retailers on edge.


U.S. Supreme Court Hears Credit Card Surcharge Case

Credit card surcharges came before the U.S. Supreme Court on Jan. 10, in a case that concerns how much freedom retailers have in telling consumers they are being charged extra for the payment method. Comments from justices suggested that the Supreme Court might send the case back to New York for further review, though it was unclear when a decision would be announced, according to news reports.


2017 Pay Awards: Call for Nominations

Don’t just say you’re the best in the industry—prove it. Showcase your latest innovations and brilliant people and earn international recognition as a Pay Awards winner. We are accepting nominations for our 11th annual competition in 24 categories through March 10.


Industry Views: Ushering in a New Year

To kick off 2017, we asked industry leaders to tell us what happened in 2016 that will most affect their businesses and where they will be investing in 2017 and why.


Walmart, Green Dot See Quick Adoption of Savings Program

In the face of approximately 67 million unbanked or underbanked U.S. adults, and 90 percent of households saving less than 2 percent of their disposable incomes, according to the Center for Financial Services Innovation and the Fed, respectively, Walmart and Green Dot are helping prepaid cardholders shore up their finances through a prize-based savings program.


Don’t Let Declines Ruin Your Customer Experience

With so many payment options available, it’s vital for merchants to have reliable technology and networks in place to ensure that transactions run properly and declines are kept to a minimum. But what are the most important steps for increasing the quality of acceptance across card types and brands? Discover Global Network offers some answers.


Solving the Shopping Cart Abandonment Puzzle

You can design your Website to be mobile-friendly, engage the right search engine optimization (SEO) strategy to attract eyeballs and create compelling content to engage consumers. But if your checkout process has inefficiencies, you could lose sales from customers who abandon their shopping carts—an outcome that is more common than one may think, and for reasons that could easily be avoidable.


Save the Date: 2017 Pay Awards

You haven’t missed it. Our 2017 Pay Awards Call for Nominations is coming Jan. 4. In the meantime, put us on your calendar and get a sneak peek at our new categories and judges for our 11th annual competition.

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