Payments News

On The Web

nbsp;

Domains

Wells Fargo Customers Use Debit/Prepaid Cards More Than Any Other U.S. Issuer

"Wells Fargo & Company (NYSE:WFC) announced today that, for the first time, its customers are now the country’s largest users of debit and prepaid cards by purchase volume, according to 2016 data issued by The Nilson Report. The new ranking, released in The Nilson Report’s April 18, 2017 issue, shows Wells Fargo customers used their debit and prepaid cards to purchase more than $306 billion in goods and services in 2016."
nbsp; nbsp;

Domains

Govt looks to make all electricity meters prepaid in 3 years

“The Power Ministry has decided to make all meters smart prepaid in three years from April 1, 2019. “This step is likely to bring revolution in power sector by way of reduction in AT&C losses, better health of DISCOMs, incentivisation of energy conservation, ease of bill payments and doing away with the paper bills,” it […]
nbsp;

Domains

IRS looks to make mobile, cashless payments for overdue debts a reality

“The IRS is looking at ways to make paying back delinquent debts as easy as making a purchase through commonplace tools like Venmo, or Square’s credit-card readers that plug into smartphones. The agency, according to a request for information filed last Thursday, looks to provide “innovative and state-of-the-art, alternative, non-cash payment methods” to revenue officers who knock on doors to collect debts owed by taxpayers. The RFI […]
nbsp;

On The Wires

nbsp;