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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.


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.


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.


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.


Green Dot Aids Apple’s Bid to Bite into P2P

Apple has made a bold foray into the P2P money transfer market—and Green Dot is helping the tech giant in its bid to unseat Venmo and other established players in the increasingly crowded space.


CPI Touts Speed, Security of New Instant-Issuance Printer

A new instant-issuance product from CPI Card Group promises faster card processing times along with higher resolution printing. Called Precision by Card@Once, the system is designed to improve security and the customer experience.


The Buzz: Loyalty Trends, M&A, Can’t-Miss D.C. Conference

Catch up on the hottest stories on Paybefore.com from last week, including Viewpoints on loyalty and the Power of Prepaid, the latest M&A news and more.


Letter from the Editor: Prepping for the Year’s Biggest Industry Event

I can scarcely believe we’re approaching the halfway point of 2017. But I can’t think of a better time for the year’s biggest prepaid industry event. On June 21-23, the NBPCA will host its sixth annual Power of Prepaid conference in Washington, D.C. The business of compliance—not to mention keeping up with technology trends—is keeping everyone on their toes, but it’s vital to stop and reflect with colleagues about the state of the industry and its future. It’s also critical to actually talk to those shaping the legislation and regulations that determine the rules of the road.


BofA Simplifies Money Management for Customers Using Third-Party Apps

Bank of America is testing a service enabling its customers who use third-party data aggregators to view their financial information in one place. BofA is testing the capability with two financial data aggregators to enable customers to securely connect data from their bank accounts to third-party money management apps.


InComm Survey: How Retailers Can Tap into Prepaid Popularity with Themes

With graduation and wedding season upon us, InComm is advising retailers to take advantage of these occasions, among others, and improve sales by offering themed open-loop gift cards and promoting them with corresponding displays.