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Breaking News articles for November 2022

Enfuce scales SaaS-based card issuance

Wednesday, November 23, 2022

Finland-based Enfuce, a card-issuing and payment processing platform, added Icelandic telco Siminn to its growing list of global partners. The partnership, disclosed Nov. 23, 2022, will make Siminn the first Icelandic non-financial institution to issue its own revolving credit card via the Siminn Pay mobile app, representatives from both companies stated.

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Merchants brace for brisk holiday weekend shopping

Tuesday, November 22, 2022

Merchants are bracing for a record number of shoppers as the holiday shopping season kicks off later this week.

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Fraud costs cause sticker shock, study finds

Friday, November 18, 2022

Consistent with current inflationary trends, a new study by LexisNexis Risk Solutions, published Nov. 16, 2022, deems battling fraud an expensive proposition.

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OBE to host Nov 17 virtual open banking campfire

Tuesday, November 15, 2022

UK-based Open Banking Excellence will host The Future of Payments: VRB and Beyond on Nov. 17, 2022. The virtual campfire, co-hosted by Helen Child, OBE founder and Huw Davies, OBE co-founder and chief commercial officer, will be live-streamed at 10 a.m. EST and 4 p.m. BST, event organizers noted.

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TCH pushes case for digitized deposits

Monday, November 14, 2022

It is well within the legal authority of banks to issue digitized deposits, or stablecoins, according to a new white paper issued by The Clearing House.

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Green Sheet interviews Craig Ramsey, ACI Worldwide

Friday, November 11, 2022

The Federal Reserve Board intends to begin a phased rollout of the FedNow Service in the third quarter of 2023. The service is designed to facilitate instant payments via business and personal depository accounts through a clearing and settlement network that enables funds to be transferred from a sender's account to a receiver's account on any day and in near real time.

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Smart homes bring payment opportunities, study finds

Wednesday, November 9, 2022

An October 2022 study by Juniper Research explores emerging payments in hyper-connected households, making bold predictions about how three nascent categories—voice assisted payments via smart speakers; connected appliances; and smart TVs—will shape future lifestyles. Assessing the Smart Home Payments Opportunity proposes that smart homes will continue to evolve, from exploration to integration, as consumers become acclimated and companies add products and services.

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Strong holiday spending growth predicted

Monday, November 7, 2022

The consumer spending outlook is bright for the year-end holiday shopping season. The National Retail Federation is forecasting holiday retail sales growth at between 6 and 8 percent during November and December, compared to the same two months of 2021.

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CFPB, payment leaders aligned on open banking protections

Friday, November 4, 2022

Payments analysts have been generally supportive of a new set of open banking guidelines, published Oct. 27, 2022, by the Consumer Financial Protection Bureau. The CFPB proposal highlights potential risks to open banking, particularly related to exposing personal financial data.

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Zelle under fire

Wednesday, November 2, 2022

Zelle, the banking industry’s answer to Venmo, is under attack from fraudsters—and from lawmakers. A recent report released by Senator Elizabeth Warren, D-Mass., revealed that fraud on the person-to-person payment network is rampant and that most defrauded customers aren’t getting refunded by their banks. That would seem to violate federal law and regulations, said Sen. Warren, who urged the Consumer Financial Protection Bureau (CFPB) to beef-up its fraud rules.

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Tech giant Bluefin acquires global processor TECS

Tuesday, November 1, 2022

Bluefin, a payment technology and PCI-validated encryption and tokenization services provider, joined a growing number of technology companies that have added payment processing to their product and service offerings.

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