Author: IC Payments

11.22.17 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: End of net neutrality nears: Ajit Pai, FCC chairman, has announced a plan to remove regulations designed to govern equal access to the internet, commonly called net neutrality. The New York Times reports the FCC will vote on Dec. 14 on…
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November 22, 2017 0

Cordray urges CEOs to give consumers more control over payments, cards

Richard Cordray is not going out meekly. A week before he is due to resign, the director of the Consumer Financial Protection Bureau sent a letter to 29 chief executives at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.…
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November 21, 2017 0

New leader at OCC, democratizing data, fintech’s relationship with banks: Essential Banking News

Last week we saw a new leader of the Office of the Controller of the Currency voted in.


November 20, 2017 0

Garmin adds FitPay to its smartwatch

Garmin International’s newest smartwatch now supports contactless payments through a partnership with Fit Pay Inc. Olathe, Kan.-based GPS device-maker Garmin has licensed the FitPay white-label contactless payments service for Garmin Pay, available with its Vivoactive 3 smartwatch to support payments at Near Field Communication-enabled terminals, Garmin said in a Friday press release. Bloomberg News Users…
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November 18, 2017 0

Token puts fake names on digital payment cards to thwart fraud

Consumers are increasingly concerned about payment card fraud, but it remains to be seen how much work they’re willing to do to protect themselves when they’re not directly liable for monetary losses from stolen cards. Token Payments Inc. is going to test consumers’ interest in helping to block card fraud by launching a mobile app…
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November 16, 2017 0

11.15.17 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Cyberpay voyeurs: Venmo’s social payment app has been popular with younger consumers for years, and its growth is putting wind in parent PayPal’s sails. But there’s an unintended use, as people scroll the app’s public activity feed to track the buying…
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November 15, 2017 0

11.14.17 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: Mastercard’s hub in Sydney: Nearly half of Mastercard’s 800 staff in Australia are technology engineers, leading the card network to open a technology and innovation in Sydney, its only such facility in the southern hemisphere, reports Australian Financial Review. The center…
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November 14, 2017 0

11.13.17 Your morning briefing

The information you need to start your day, from PaymentsSource and around the Web: A record for Singles Day: Singles Day, or China’s version of Black Friday, has smashed records for the second year in a row, reaching $25.3 billion, or 40% higher than 2016’s total of about $18 billion, reports The New York Times.…
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November 13, 2017 0

Washington can’t save community banks. It can’t even save itself

WASHINGTON — It was the kind of victory that appeared ripe for President Trump and Republicans to celebrate — the repeal of a rule that bankers and credit unions agreed would only raise costs on customers. The passage of a repeal bill was particularly noteworthy given that the president has struggled to see his agenda…
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November 13, 2017 0

Successful issuers match retailers in personalizing service

Personalization has become a customer expectation. No matter where they go, what device they are using or how they choose to interact with brands, consumers are getting accustomed to seeing “intelligent offers” that relate directly to them and their circumstances. The retail and hospitality industries are leaving no stone unturned in living up to these…
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November 11, 2017 0