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MoneyGram adds payments experts for emerging markets, self-service

Money transfer and payment services provider MoneyGram announced earlier this week that the company has added two new payments experts—Yogesh Sangle and Andrew Typrin—to focus on strategic growth in emerging markets and self-service channels. “I’m very pleased to announce the addition of Yogesh and Andrew to our leadership team,”... Read More...

ControlScan, ProPay partner to provide PCI standards compliance solutions

ControlScan announced earlier this week that it has partnered with TSYS company ProPay to establish a comprehensive PCI program to help businesses navigate compliance with PCI DSS requirements. ControlScan and ProPay will, as part of their new partnership, provide a PCI self-assessment questionnaire that includes step-by-step instructions, a... Read More...

Goodwill investigates potential breach involving customers’ credit info

Goodwill announced on Monday that it is currently investigating a potential data breach involving consumers’ credit card information after a payment card industry fraud investigative unit and federal authorities alerted the organization to potential theft. “Goodwills across North America take the data of consumers seriously and their... Read More...

Visa opens One Market innovation center in San Francisco

Visa announced last week the launch of a large innovation center and office space in San Francisco that will provide Visa clients, partners and technology developers a combined space to develop new commerce applications. The 112,000 square foot innovation center is located at One Market Street in San Francisco, where it will be home to more... Read More...

Oberthur develops debit card to meet Durbin requirements

Oberthur Technologies announced on Monday that it has developed the first MasterCard-certified debit card that meets the requirements stipulated under the Dodd-Frank Act’s Durbin Amendment. The Cosmo RSA v5 M/Chip Multi-Application is based on Oberthur’s Global Platform and java-based operating systems and supports dynamic data... Read More...

Many homebuyers fail to calculate cost of potential mortgage

A recent poll commissioned by Discover Home Loans showed a large percentage of prospective homebuyers see a home purchase as a good investment, but many have not calculated the potential monthly costs. According to the survey, while 87 percent of people know what kind of property they can afford, just over half—52 percent—of prospective... Read More...

i2c to host three-part webinar on managing prepaid card programs

i2c, a payment processing and commerce solutions provider, will host a three-part webinar series beginning in August that will provide prepaid industry participants with strategies for managing prepaid card programs to reach sustained profitability. The first session—led by Steve Diamond, the vice president of i2c’s business advisory... Read More...

CFPB’s Cordray discusses plan to allow complaint narratives

During a field hearing held in El Paso, Texas, last week, CFPB Director Richard Cordray discussed the agency’s complaint system and plans to allow consumer stories to be shown in the public database. The CFPB said in a press release last Wednesday that the plan would “provide important context to the complaint, help the public to detect... Read More...

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