Payments News

On The Web

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Providers

The Prepaid Business Adopts a Sanguine Approach As the CFPB’s Big Rule Finally Takes Effect

“The Consumer Financial Protection Bureau’s voluminous prepaid card rule finally took effect with sweeping provisions governing matters ranging from fee disclosures to error-resolution rights to consumers’ access to their accounts. But issuers of prepaid cards and digital wallets have had time to adjust to the CFPB’s rule, which a hostile Congress once tried to quash […]
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Providers

A profile of payment card services startup Marqeta

“Despite a rough start, Marqeta has had the right idea since its founding in 2010. It pursued a niche in the payments-processing business that had seen little innovation in over a decade: card issuing and processing, which involves deciding whether a debit card transaction should be approved. It iterated through three business models, staying frugal […]
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Providers

Report: Microsoft Mulls Taking on Shopify |Chain Store Age

“According to The Information , a senior Microsoft executive has publicly admitted the tech giant sees an opening in the e-commerce market for a new platform supporting online sales by larger companies. Shelley Bransten, corporate VP of retail and consumer goods for Microsoft, said in an interview with The Information that its customers are asking […]
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Providers

10 Charts On Credit Union Lending

“The shifting economic landscape over the past 10 years has changed the way financial institutions operate and interact with consumers. As banks and mortgage lenders pulled back following the crash, credit unions stepped in and increased lending when members needed it most. In the 10 years following the recession, the credit union industry has grown […]
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Providers

Now Wanted by Big Credit Bureaus Like Equifax: Your Alternative Data

“How you pay those bills impacts the credit score that lenders use to determine how risky you are. But other types of accounts don’t generally show up on your traditional credit report. Those include phone and electric bills, rent, and payments to many types of credit providers such as payday lenders, rent-to-own stores, and online […]
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Providers

How Apple Card Widens Rift With ISOs

“ISOs knew they were up against the flow of technology a decade ago, when the launch of Square undermined their business model. ISOs resolved to become tech savvy to stay relevant , and many ISOs were making that adjustment and even finding newer technology was easier to sell and provided faster ways to register merchant […]

On The Wires

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Deals

Elavon and Societe Generale Partner for Pan-European Payment Services

“Societe Generale’s business clients will now have access to Elavon’s cross-border payment capabilities in the United Kingdom, Austria, Belgium, Germany, Italy, Netherlands, Spain and Switzerland. This will complement Societe Generale’s established payments infrastructure (face-to-face and e-commerce) in France. Elavon’s payments services include accepting electronic payments from payment cards, digital wallets, alternative payment methods and real-time […]