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January, 2025

• 9 January

  The CFPB Picks FDX for Oversight of U.S. Open Banking Standards

  

  The Consumer Financial Protection Bureau said Thursday U.S. open-banking standards will be developed under the aegis of Financial Data Exchange Inc., a standards-setting body. The CFPB recognized FDX as the standard-setting body under the bureau’s Personal Financial Data Rights rule. The final version of that rule was released in October, …
• 7 January

  Eye on Point of Sale: Elo’s New Display; FreedomPay’s Verifone Partnership; Blaze’s Sage Integration

  

  Point-of-sale systems makers are already putting 2025 to work, with multiple announcements from vendors. First, Elo Touch Solutions Inc. launched a 10-inch point-of-sale system for retailers and restaurateurs. The Elo Pay 10” is built on the Android operating system. In addition to contact and contactless payment acceptance, the device has …

December, 2024

• 6 December

  Bank of America Completes Paze Enablement

  

  Consumers holding Bank of America Corp. credit and debit cards now have access to the Paze online checkout following BofA’s  declaration that all of its eligible cards are now enabled for the e-commerce service. Paze is an online-checkout service developed by Early Warning Services LLC. It is designed to provide …

October, 2024

• 28 October

  Chopra Fires Back at Critics of the CFPB’s New Data-Privacy Rule

  

  Rohit Chopra, director of the Consumer Financial Protection Bureau, spent his Sunday afternoon highlighting key elements of the CFPB’s new data-privacy rule and criticizing banking organizations that have targeted the rule. The assault on the regulation includes a lawsuit filed the same day the final rule, in development for more …

September, 2024

• 20 September

  A Top Visa Official Outlines Four Big Trends Impacting Acquirers

  

  Acquirers and independent sales organizations wanting to improve their standing among merchants should take note of four trends affecting payments today, according to Bill Dobbins, head of acquiring and enablement at Visa Inc. Dobbins, speaking at the Western States Acquirers Association conference in Las Vegas this week, outlined why the …

August, 2024

• 15 August

  With Little Fanfare, Apple Will Make Its Secure Element Available to U.S. Developers

  

  U.S. third-party developers soon will have new capabilities to access the secure element piece of Apple Inc.’s iPhone when iOS 18.1 eventually is released, a move that could herald further app development and cement Apple’s position among mobile-wallet providers. Apple, without fanfare, revealed this long-desired access Thursday in a simple …

July, 2024

• 10 July

  Discover Lands the Military Star Card as It Moves to an Open Network

  

  U.S. servicemembers who use the Military Star credit card will see a change in September as the closed-loop network it uses migrates to the Discover Global Network. The Exchange Credit Program issues the Military Star card, which is administered by the Army and Air Force Exchange Service, and has approximately …
• 1 July

  Nayax Readies EV CloudPay for Burgeoning Electric Vehicle Charging Payments

  

  Payments and commerce platform Nayax Ltd. is tapping the cloud to enable its EV CloudPay service designed for payments at electric-vehicle charging stations. Announced Monday, EV CloudPay enables motorists to pay for EV charging with a credit card, debit card, or mobile wallet via a physical payment-processing kiosk at charging …

June, 2024

• 18 June

  Apple Pay Later Is Shutting Down in Favor of Third-Party BNPL Providers

  

  Apple Pay Later, the buy now, pay later product from Apple Inc. released just over a year ago, is shutting down. The move comes after installment-payment specialist Affirm Inc. confirmed it would be part of Apple Wallet when the tech giant’s annual software updates for iPhones and computers emerge this …
• 13 June

  CardFree Enlists AI To Get Consumers To Spend More

  

  Everyone has encountered the upsell. It’s the extended-warranty offer when buying a TV, or the ask to add a Danish to the coffee you just purchased. Now, CardFree Inc. has released a tool to help merchants automate the upsell with its new Smart AI Upsell feature. A component of CardFree’s …