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The groundbreaking part of the case is that the CFPB also sued several payment processors, including Global Payments, because the agency said they "should have known" about the alleged violations. #CFPB #lawsuit #payments #processors
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"During our research it became clear that consumers recognize the Brink's armored trucks at stores or in the movies. Brink's has a pull with their specific target market, and we want to add on to that." -Anh Vasquez, Brinks #prepaid #payments #security
Convinced that consumers know the Brink's name and associate it with strong security, prepaid card provider NetSpend has launched a Brink's-branded prepaid card.
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"Millennials favor debit cards and want to avoid overspending. Prepaid cards provide all the flexibility of a debit card, but with the added control of only spending what you load." -Tami Farrow, TD Bank, #prepaid #payments #milllennials
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"For a Swedish company one thing's for sure … you have to expand out of Sweden as quick as possible." -Peter Fredell, Seamless #QR #mobile #payments
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Mark Horwedel, chief executive of the Merchant Advisory Group, said that "merchants, as a practical matter, don't have the options that Durbin affords them in all of these instances, including tokenized transactions with Apple Pay." #ApplePay #payments #interchange #Durbin
Merchants are making a new argument in their years-long battle with banks over swipe fees, saying Apple Pay has locked them out of additional routing options mandated by Dodd-Frank.
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OPINION: The goal is to tear down internal legacy silos to better support the payments business, foster innovation and manage costs. Simply put, it’s time to bring payments to the forefront. #payments
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But more broadly many countries in APAC “are recognizing the speed of commerce is a competitive advantage.” -Dilip Rao, Ripple #payments #startups #Asia #Australia #China #Ripple
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By replacing the need to fill in an address and payment details, Chris Webb of ChowNow said, his restaurant customers are finding that three minutes can be cut from the time of each order. #ApplePay #mobile #payments
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Groupon has not released sales figures on how well Breadcrumb has done, beyond a comment from Seth Harris—Groupon's vice president of POS and payments as well as the founder of Breadcrumb—that Groupon is "happy" with initial sales. #Groupon #mobilewallet #payments
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"The ATM machines capable of allowing a PIN change likely will support only that particular bank's cards, not any cards, and not on any other machines." -Randy Vanderhoof, EMV Migration Forum #EMV #payments #ATM
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In general, while ATM fees are rising, many fees for using and servicing cards have declined, according to a new study by Bankrate. #prepaid #payments #ATM #fees
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Payment processors and security vendors alike are trying to spread the word quickly to merchants, even before knowing exactly what PCI 3.1 will specifically require. #Web #payments #PCI #security
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Payments news, trends and analysis
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PaymentsSource.com provides subscribers with one central resource for all the payments news, trends and analysis they need to navigate the industry.

Written for payments professionals who need to stay on top of the news and trends shaping the payments landscape, PaymentsSource features exclusive content, industry profiles and data tools.