It took a while but the new Interac debuted earlier this month, bringing together two companies and disparate functions across payments, from transactions to R&D. Interac CEO Mark O’Connell lays out the roadmap for his (new) firm for PYMNTS’ Karen Webster, a straight and narrow...
The Department of Education is gearing up to roll out a pilot program in which college students’ federal financial aid surpluses will be distributed via prepaid debit cards. BuzzFeed, citing a January notice, reported that by putting the payment on a debit card, the Education...
In a move that seems fairly sure to generate some “Big Brother is watching” jokes, the federal Department of Education is planning to give students prepaid cards to hold loan funds not used directly for tuition. The cards, according to New York Times reporting, will...
About 30 days from now, most of you reading this who made a New Year’s resolution will have broken it. Don’t feel too bad – you won’t be alone. By the middle of February, 80 percent of people promising to change their behavior at the...
Ride-hailing app company Uber reached a settlement with more than 2,000 New York drivers, agreeing to pay $3 million. Reuters, citing a court filing in federal court in Brooklyn, New York, reported that Uber agreed to pay the $3 million to settle what was a...
In 800 B.C., when people wanted to know the answer to “what’s next” about their personal futures, they flocked to Delphi and asked Pythia, the Oracle of Delphi. It was a bit of an ordeal. Only after engaging in a variety of rituals, including drinking...
No doubt you’ve heard the news: People aren’t watching television anymore. That may leave many of you who left for the office this morning having watched a half hour or so of morning network or cable programming — who probably spent some part of your...
Differentiating a banking and mobile payments platform from its competitors can seem like an impossible task. When two services provide only basic functionality it’s easy to see why consumers and even business clients might see both as interchangeable – but there’s a new frontier in...
Payment software company Abrantix announced news that it has partnered with UL to launch the UL Brand Test Robot for a quicker and more efficient way to automate payment terminal brand certification testing. Testing payment terminals is usually a manual and repetitive process that involves a...
