PYMNTS

APRIL 3, 2018

They claimed the funds would be used for financial products such as debit cards associated with two major card brands that would instantly convert cryptocurrencies into U.S. The company’s co-founders, Sohrab “Sam” Sharma and Robert Farkas, were allegedly behind an ICO for CTR Tokens. dollars or other legal tender.

Fed 40

Fed Cryptocurrency Debit Card Laws 40

PYMNTS

FEBRUARY 29, 2016

million were made using NFC-enabled credit and debit cards. Whether it’s to stock up in the supermarket, travel to work or buy your lunch, contactless is a fast, easy and secure way to make payments,” said Graham Peacop, chief executive of The UK Cards Association. billion in contactless payments, of which 79.3

Contactless Payments 40

Contactless Payments APACS Debit Card Volume 40

PYMNTS

SEPTEMBER 1, 2016

As early as this fall, certain Android-based smartphones will be able to use Bank of Tokyo-Mitsubishi UFJ debit cards for transactions via Android Pay. Cards Association, noted that, since Sept. Another report , citing data from Let’s Talk Payments and the U.K. 2007, Japan’s mobile payments network has expanded greatly.

Digital Payments 41

Digital Payments Debit Card Card Association Payments 41

Clearly Payments

FEBRUARY 12, 2024

Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

JULY 15, 2016

Brad Fauss, CEO of the National Branded Pre-Paid Card Association and MPD CEO Karen Webster dug into the potential for these rules to create the kind of inconsistencies that could very well disadvantage the very consumers that the CFPB intended to protect. So far, so good.

CFPB 40

CFPB Push-to-Card Rules Deposit Account 40

PYMNTS

OCTOBER 19, 2016

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. Could this be a case of good intentions gone awry? Time will tell.

Regulations 76

Regulations Non-Bank Card Association Rules 76

BNG Payments

FEBRUARY 4, 2022

With the use of cash dwindling as a payment preference, debit and credit cards and ACH take over as the predominant payment methods. Some examples are credit card companies Visa, Mastercard and American Express. ACH debit payments allow donors to give directly from their bank account.

Credit Cards 52

Credit Cards Process Processors ACH 52

PYMNTS

FEBRUARY 1, 2017

The UK Cards Association reported that, as of Nov. 2016, there were more than 100 million contactless cards in issue in the U.K., According to Finextra , AIB customers are using contactless payment for more than 5 million transactions each month — and that number is only expected to grow.

Contactless Payments 40

Contactless Payments Transactions Payments Card Association 40

PYMNTS

AUGUST 12, 2016

Then, yesterday, Mastercard, in partnership with Plastiq, announced that it will enable cross-border tuition payments via any Mastercard branded debit or credit card from Chinese students (or their parents, more probably) to the U.S. The PYMNTS Global Citizen Index shows that 31 percent of international students studying in the U.S.

Rules 40

Rules Fincen Online and Mobile Banking Cross-Border 40

PayHawk

APRIL 18, 2023

BIN Sponsorship A service provided by payment processors that enables merchants to accept payment cards from multiple card issuers. Bluetooth Card Reader A wireless device that connects to a mobile device or computer to process payment card transactions.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Evolve Payment

MARCH 21, 2024

Merchant processing is how your business handles card transactions. More specifically, the OCC labels a merchant processing activity as: “the settlement of credit and debit card payment transactions by banks for merchants through various card associations.”

Process 52

Process Gateways Processors Credit Cards 52

PYMNTS

AUGUST 22, 2016

It’s hard to find POS terminals that will take a government-subsidized debit card in local villages in India, where more than 60 percent of the country’s citizens live. I chatted with CEO of the Network Branded Prepaid Card Association , Brad Fauss, about this issue not long ago.

Checks 41

Checks CFPB Bitcoin Payments 41