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Executive Profile: Walt Granville, Digiliti Money

From his current role as senior vice president of mobile innovations at Digiliti Money (formerly Cachet Financial Solutions), Walt Granville has the perfect vantage point to see the transformative power of mobile for prepaid programs. Find out more from the former pro runner, including which apps are on his must-list, where he sees prepaid in five years and the trend he’s watching most in 2017.


Are You Protected from Contact Center Fraud?

Payments companies are used to defending themselves against fraud from all sorts of angles, but they would do well to mind the phones. By 2020, 75 percent of omni-channel, customer-facing companies will face a targeted attack, with the contact center as the primary point of compromise, according to Gartner research.


NBPCA Asks CFPB for More Time, Further Consideration of Final Prepaid Rule

The NBPCA is asking the CFPB to delay the implementation date of its final rule on prepaid accounts to 12 months, instead of six, creating an effective date of Oct. 1, 2018.


Netspend Settles with FTC for $53 Million

Facing charges by the Federal Trade Commission that Netspend deceived cardholders and denied or delayed their access to funds, the TSYS subsidiary agreed to a $53 million settlement, which consists of $40 million on deposit in customer accounts and $13 million in refunded fees. Netspend doesn’t admit any wrongdoing under the terms of the settlement.


Must-Reads of the Month: March

See what’s hot on Paybefore.com this month, including the CFPB’s proposal to delay implementation of its final rule on prepaid; First Data and FLEETCOR joining forces; and more.


Profile Series: Vote for the Top 5 Payments Consultants

It’s not easy running a successful business in the payments industry and sometimes you need a little help on your side. That’s where analysts and consultants come in—to provide perspective, trends and guidance on myriad issues you face every day. Whether you’ve worked with these consultants directly or found their insights in Paybefore articles useful, vote for the experts who have helped you and your company chart your path to profitability.


Mastercard Bolsters Authentication with NuData Acquisition

Mastercard is beefing up its transaction security and authentication capabilities in the age of connected devices, entering an agreement to acquire NuData Security, a Pay Award-winning provider of anti-fraud technology that uses session and biometric indicators to verify online transactions.


SCOTUS Won’t Revive Settlement in Interchange Case

A legal battle between merchants and payment networks over interchange fees that has been raging for more than a decade will continue now that the Supreme Court has declined to restore a $5.7 billion settlement agreement that was tossed out by a lower court.


Webinar Recap: For Prepaid Issuers, Agility Is a Process(or)

In last week’s Paybefore Spotlight Webinar, attendees representing markets from across the globe said the No. 1 challenge to growing their prepaid businesses is differentiation. Find out what experts from Celent’s banking practice and global processor i2c had to say about creating dynamic prepaid products to compete in the changing payments landscape.


DOJ Weighs in on CFPB Leadership Case, Calls for Changes to Dodd-Frank

The Department of Justice files an amicus brief filed with the D.C. Circuit Court of Appeals arguing that the president should have the authority to fire the head of the CFPB, but stopped short of calling for the bureau’s leadership format to be changed.