News

Security & Fraud
CFPB Fines Mastercard, UniRush $13M
February 02, 2017

The Consumer Financial Protection Bureau (CFPB) announced Wednesday (Feb. 1) that it took action against Mastercard and UniRush for alleged breakdowns that the government watchdog said left tens of thousands of economically vulnerable RushCard users unable to access their own money to pay for basic...

Payment Methods
Masterpass Now Accepted At 10,000+ SMBs
February 02, 2017

Mastercard announced Wednesday (Feb. 1) that Masterpass is now accepted at greater than 10,000 small and medium-sized merchants that use Sage Payment Solutions provided by Sage North America. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Security & Fraud
Identity Fraud Numbers Rose 16 Percent In 2016
February 02, 2017

The number of identity fraud victims rose 16 percent in 2016, marking the highest level since Javelin Strategy & Research began tracking the trend in 2003. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

MIT Develops Smartwatch That Can Make Conversation Easier
February 02, 2017

Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory are making social interaction a lot easier by creating a wearable system that can show users how a conversation went by detecting the intent and emotion in a person’s voice. Get the Full Story Complete the...

Regulation
Executive Order Looks To Overhaul Visa Programs
February 02, 2017

Via a new executive order, the Trump administration is calling on the government to re-examine wide-ranging visa programs to ensure they prioritize and protect jobs and wages of U.S. workers, reported The Wall Street Journal. Get the Full Story Complete the form to unlock this article...

Regulation
U.S. Banks Expect Trump To Stay Tough On Money Laundering
February 02, 2017

Despite various signals from the administration that President Trump intended to take a lighter-handed approach to financial services regulation than his predecessor did, it seems that will not extend to the regulations that control money laundering. Get the Full Story Complete the form to unlock...

Partnerships / Acquisitions
Chargebacks911 And ACI Join Forces To Protect Merchants
February 02, 2017

With the frequency of chargeback issuances becoming a growing cause of concern for merchants, two companies announced an alliance aimed at helping their clients successfully fight back against illegal chargebacks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Payment Methods
SoFi Buys Zenbanx To Expand Beyond Loans
February 02, 2017

SoFi, the online lender that started out refinancing student loans, has inked a deal to acquire Zenbanx, a fintech company that gives SoFi the ability to offer checking accounts and credit cards, among other financial services. Get the Full Story Complete the form to unlock this...

B2B Payments
Procurement’s New Roles In Risk, Legal And Finance
February 02, 2017

It’s no secret today that procurement is not what it used to be. Where once a paper-heavy cost center stood, now stands, in many businesses, a strategic hub of cost savings and key business partnerships. It’s a trend that’s shaped the procurement world for only...