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Ingenico and partners release PCI-certified P2PE, EMV payment solution

Ingenico recently partnered with FreedomPay and ScanSource to release the first PCI-certified point-to-point encryption (P2PE) and EMV payment solution in North America. The new solution, which combines Ingenico’s On-Guard and FreedomPay Commerce platforms, covers EMV and NFC electronic payments, as well as those made with magnetic stripe... Read More...

CFPB seeks approval to collect info for teacher financial literacy training

The CFPB recently requested comment on a proposal to collect information that could help train K-12 teachers to teach and incorporate lessons in financial education as part of an effort to improve the financial capabilities of young people. According to the noticed published in the Federal Register, under the teacher training initiative (TTI),... Read More...

VeriFone expands taxi payment services to partners in Turkey, Mexico

VeriFone announced on Wednesday plans to expand its in-taxi payments service to include the Turkish capital of Istanbul and Mexico’s Mayan Riviera. According to VeriFone, its full suite of taxi payment services, which include Way2Ride—the company’s award-winning mobile taxi app—will be available to more than 20,000 taxis in the two... Read More...

Combined ID, payments cards to reach 1 in 4 by 2019

The use of combined government ID and payments cards is expected to quadruple by 2019, reaching approximately 27 percent of the world’s population, according to a new study from ABI Research. ABI said the functionality, convenience, access to government services and the ability to improve the disbursement of payments will drive the... Read More...

NRF petitions Supreme Court to hear swipe fee case

The National Retail Federation (NRF) requested on Monday that the U.S. Supreme Court review a recent ruling by a lower court that left the Federal Reserve’s controversial cap on swipe fees in place. The NRF filed a petition—along with the National Association of Convenience Stores (NACS), Food Marketing Institute, National Restaurant... Read More...

New FICO scoring model weights medical debts less heavily

FICO announced recently that an updated version of its score calculation model will no longer weigh medical debts—which, according to the Federal Reserve Board, account for half of all collections on credit records—as heavily as before. Beginning in the fall, FICO’s new score calculation model, which the company said is “more predictive... Read More...

FTC approves iKeepSafe’s safe harbor program to satisfy COPPA

The Federal Trade Commission recently approved the Internet Keep Safe Coalition’s (iKeepSafe) safe harbor program aimed at protecting the information of children under the Children’s Online Privacy Protection Act (COPPA). Submitted in February, the safe harbor program applies to a COPPA safe harbor provision aimed at encouraging industry... Read More...

Amerisave, Novo ordered to pay $20 million for alleged lending scheme

Amerisave Mortgage Corp. and affiliate Novo Appraisal Management Company, along with their owner, were recently ordered by the CFPB to pay out more than $20 million in penalties and refunds for allegedly operating a bait-and-switch mortgage-lending scheme. According to the CFPB, Amerisave—an online mortgage lender based in Atlanta—allegedly... Read More...

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