While the Consumer Financial Protection Bureau is working toward an April 1, 2018, effective date for its massive rule for prepaid accounts, prepaid card industry advocates are urging the agency to further delay the rule by another year. In a comment filed this week with the CFPB, which regulates all …

Ziosk, a tabletop point-of-sale system owned by Tabletop Media LLC, said Wednesday that more than 100 Outback Steakhouse restaurant locations in the Southwest will use its devices. Cerca Trova Restaurant Concepts, the franchisee for Outback restaurants in Arizona, California, Colorado, Nevada, and New Mexico, is expanding the number of locations …

There’s some good news for U.S. debit card issuers in the form of reduced fraud rates, according to the 2017 Debit Issuer Study released Monday by Pulse, the electronic funds transfer network owned by Discover Financial Services. The fraud-loss rate for signature-debit transactions fell 30% from 2015’s 2.6 cents per …

Acquirers wanting to tap into the ever-growing number of e-commerce merchants, especially small businesses, might do well to target a handful of U.S. cities with large bases of retail entrepreneurs. E-commerce platform provider Volusion released this week a list of the top 10 cities based on volume of merchants and …

The estimated number of U.S. ATMs—including those deployed by financial institutions and independent operators, and branded machines—increased 10.5% to at least 475,000 and as many as 500,000, the ATM Industry Association said this week. The previous estimate, released in 2015, was 430,000, says David Tente, ATMIA’s executive director for the …

Prepaid specialist Green Dot Corp. released more details about its role in Apple Inc.’s upcoming person-to-person service in its Messages app.  Apple announced the new feature in June and is expected to make it available this fall with an update to its iOS software for iPhone and iPads. Pasadena, Calif.-based …

Overall, the forecast is strong for open-loop prepaid cards—loads are expected to reach $353.6 billion by 2020—but not every segment will partake in the growth. That’s the assessment in a new report from Mercator Advisory Group Inc. Open-loop cards, which can be used at most merchants and carry a major …

Merchant processor Vantiv Inc. on Monday launched triPOS Cloud, a cloud-based application programming interface intended for independent software vendors and merchants looking to integrate payments with point-of-sale systems. As an API, triPOS Cloud enables developers to integrate payments functions with a few pieces of code. The service incorporates encryption and tokenization, …

Evidence is emerging that efforts to convince more consumers to use contactless payments instead of cash for low-value transactions may be having an impact, at least in countries other than the United States for now. That’s the take from Cardtronics plc, the giant ATM operator that owned nearly 45,000 U.S. …

Enabling cross-border payments for e-commerce transactions will take on greater importance if forecasts hold true. That means payments companies wanting to serve these merchants will have to adopt services that accommodate international payments. While U.S. and Canadian consumers will spend an estimated $72.7 billion on cross-border e-commerce in 2017, that …