"The Consumer Financial Protection Bureau (CFPB) finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps. The rule will help the CFPB to ensure that these companies – specifically those handling more than 50...
Episode 252 – Testing, Testing, 123: Payments has evolved in the past 20 years, what about payments testing? with Steve Semelsberger, Testlio
Steve Semelsberger, CEO of Testlio, joins Yvette Bohanan and Drew Edmond to discuss the evolution of quality management alongside payments testing.
New Bill Seeks to Give Central Bank of Kenya Control Over ‘Buy-Now-Pay-Later’ Firms to Curb Exploitation
"A new Bill has been introduced in Parliament to give the Central Bank of Kenya (CBK) the power to control prices charged by buy-now-pay-later (BNPL) companies. If passed, the Business Laws (Amendment) Bill, 2024, will place BNPL firms under CBK regulation to...
Amazon Launches Cash EBT Payment Option in 17 States, Washington, D.C.
"Customers in select U.S. states and Washington, D.C. can now purchase a wide range of products and services beyond food with federal benefits payment. An Amazon spokesperson said the e-tail giant is now accepting federal Cash EBT benefits as a payment option on its...
ValidiFI Selected by PDI Technologies to Streamline Pay-by-Bank Enrollments with Consumer Choice
"ValidiFI, Inc.announced a strategic technology integration with PDI Technologies, a leader in the convenience retail and petroleum wholesale ecosystem, to offer real-time bank account validation within its consumer enrollment process for the PDI Payments solutions....
Unwrapping 2024 Canadian Holiday Shopping Trends
"This holiday season, from November 1 to December 24, Canadian total retail sales are expected to increase 2.2% year-over-year (YoY), according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. In-store shopping...
Papa Johns UK Rolls Out Network Tokens for Payments
"Papa Johns UK has seen a six per hike in card transaction acceptance rates after rolling out a new payment system that uses network tokens. The company, which has teamed up with Checkout.com, has turned card credentials into encrypted tokens that are used for payment...
Beacon Launches Digital Wallet for Immigrants Starting New Lives in Canada
"Toronto’s Beacon has unveiled Beacon Money, a digital wallet designed to empower immigrants as they transition to life in Canada. This addition to the MyBeacon Super App aims to simplify financial integration for newcomers, enabling them to confidently prepare for...
Gulf-To-Egypt Money Transfers to Be Enabled via Instapay Within Two Months
"Egypt - Money transfers from Saudi Arabia and the Gulf to Egypt will be available in two months through the country’s instant payment network, Instapay. Customers outside Egypt will be able to transfer money instantly from their bank accounts or electronic wallets to...
Central Banking of Egypt to Launch Card Tokenization System in Q1 2025
"The Central Bank of Egypt (CBE) plans to roll out its card tokenization system in the first quarter of 2025, according to Ehab Nasr, assistant sub-governor for payment systems and services. Nasr confirmed that all banks and companies have finalized the licensing...