Fed to review debit card fee cap next week
Payments Dive
OCTOBER 20, 2023
The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.
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Payments Dive
OCTOBER 20, 2023
The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.
Fintech News
JULY 6, 2025
Founded in 2011, Bitstamp holds regulatory approvals under MiCA in the European Union, as well as licences in the United States and United Kingdom. Robinhood completed the acquisition of Luxembourg-based Bitstamp for US$200 million in June 2025, aiming to strengthen its institutional crypto business and expand into Singapore.
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The Payments Association
JANUARY 22, 2025
Unsurprisingly, this proposal aligns the loosely adopted Payments Services Regulations 2017 (PSRs) and E-Money Regulations 2011 (EMRs) regime with the CASS regime. CP24/20 outlined the proposed interim and end-state rules in September 2024, and interested parties will have provided their feedback accordingly.
Finovate
JULY 1, 2025
Founded in 1992, InComm made its Finovate debut at FinovateFall 2011. ” Atlanta, Georgia-based InComm Payments made its Finovate debut at FinovateFall 2011. The partnership will help InComm cover the “digital-to-physical” gap when it comes to self-service cash payments. Want cash but don’t have your card?
Finovate
APRIL 3, 2025
Co-founded by Kristo Krmann and Taavet Hinrikus and launched in 2011, Wise currently boasts 16 million users around the world. Today, the UK-based firm offers an account that individuals and businesses can use to hold more than 50 different currencies, transfer funds between countries, and spend money overseas. billion a year.
Finovate
DECEMBER 5, 2024
Mambu was founded in 2011 and emerged as one of the pioneering players to move banking software to the cloud. The company currently processes more than $10.6 billion (10 billion) in payments annually.
Finovate
NOVEMBER 19, 2024
Headquartered in Canada and founded in 2011, Trulioo has raised $475 million. This collaboration provides Trulioo with access to identity and risk scores through a customizable, user-friendly dashboard, expanding its offerings beyond API-based products and further streamlining its onboarding processes.
Fintech News
MAY 13, 2024
Wong’s tenure with MAS includes his time as Deputy Chairman from 1 June 2021 to 7 July 2023 and as a Board member from 10 June 2011 to 29 August 2016. Wong has held the Chairman position since 8 July 2023 and will step down from his roles as Chairman and Board member on 15 May 2024.
Fintech News
FEBRUARY 2, 2025
Founded in 2011, Wise was celebrated as a success story in London when it debuted on the London Stock Exchange a decade later. The firm added: While Wise strongly disagrees with the CFPBs characterisation of Wises conduct, we worked with the CFPB in good faith to conclude the matter. However, its global expansion has faced challenges.
Finovate
JANUARY 30, 2025
Wise was founded in 2011 under the name Transferwise to facilitate cross-border payments while bringing transparency to the fees involved. In fact, Wise estimates that from the $147 billion (118.5 billion) in cross-border transactions it facilitated globally last year, it saved customers over $2.2 billion (1.8 The company serves 12.8
Electronic Payments Coalition
FEBRUARY 7, 2024
Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses.
Payments Source
OCTOBER 25, 2018
most banks and retailers seemed to have given up on contactless cards with the 2011 demise of the much-publicized Chase Blink brand. In the U.S., But the payment format is making a strong comeback in 2018.
Fintech Finance
APRIL 8, 2025
Established in 2011, the Coordinated Assistance Network (CAN) was founded by Army Veteran John Pickens and Christopher Fitzpatrick and has created impactful support initiatives that connect low-to-moderate income communities to jobs, education, housing, and a more economically secure and equitable future.
The Paypers
OCTOBER 28, 2024
Bitstamp , a cryptocurrency exchange established in 2011, has received a MiFID Multilateral Trading Facility (MTF) licence.
PYMNTS
SEPTEMBER 1, 2020
The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.
PYMNTS
JANUARY 25, 2021
percent increase in volume and value, respectively, since 2011. If the RBI develops a digital currency, it could easily help further development in crypto, with the RBI reporting strong growth in digital payments in the country. According to Cointelegraph there has been a 12.5 percent and 4.5
Axway
APRIL 19, 2019
In 2011, DoSomething.org, a non-profit organization, posted a video on YouTube featuring celebrities asking young people to donate used sports equipment to youth in need. That video was viewed by 1.5 million people. Success, you might think? Well, only eight …
Fintech News
SEPTEMBER 3, 2024
He later moved to Visa in Singapore in 2011 and eventually led Visa Latin America’s digital product and money movement initiatives from Miami in 2017. Koker’s career includes key roles in Asia Pacific and Latin America, starting with FIS, where he worked in Manila, Hong Kong, and Bangkok.
PYMNTS
APRIL 29, 2020
The WSJ reported a 2011 audit of SBA lending found the agency’s inspector general discovered documentation deficiencies in 40 percent of the loans it reviewed resulting in “inappropriate or unsupported loan approvals.”. Verifying how SBA loans have been used in the past has posed problems for the agency.
Finovate
FEBRUARY 10, 2025
Founded in 2011 and now reaching 900 million people in 190 countries with its technology, Feedzai began 2025 by announcing a partnership with Credibanco to help the Colombian payment processing company strengthen its defenses against fraud. ” Backbase has been a Finovate alum since 2009.
Finextra
JUNE 28, 2025
From humble startup origins in 2011, Wise now moves over £145 billion internationally each year for 15+ million customers – at a fraction of the cost charged by banks. In 2011, two Estonian friends living in London – Kristo Käärmann and Taavet Hinrikus – grew frustrated with the “massive problem” of bank fees on international transfers.
PYMNTS
JULY 1, 2020
In 2011, PYMNTS reported on the Monnet Project , where two dozen European banks from seven countries considered starting a new European card system. This is not the first time that European banks have tried such a model.
Fintech News
FEBRUARY 20, 2024
His earlier roles also include leading the Cyber Security Group at the Infocomm Development Authority of Singapore, now known as GovTech, from 2011 to 2015, as well as key positions in IT security at the National Computer Board. Susan Hwee Susan Hwee, NETS Chairman commented, “We are delighted to welcome Mr Yong to our Board.
Fintech News
JULY 30, 2024
Easy Pay Transfers, operating under Malaysia’s Money Services Business Act 2011, offers businesses transparent online payment services. This latest acquisition aims to enhance M-DAQ Global’s capabilities in local payments and deepen its expertise in foreign exchange across the ASEAN region.
Payments Source
JULY 18, 2019
Postmates, which relied solely on Stripe Connect for accepting customer payments for its on-demand delivery service launched in 2011, is adding Adyen as another partner for payments processing.
Fintech News
MAY 11, 2025
Launched as a pilot in 2011, the service allows users to make payments, transfer money and perform other financial transactions using the Airtel Thanks App or USSD.
The Finance Weekly
NOVEMBER 21, 2024
Vena Reviews Vena Solutions was founded in 2011 and has a wide range of customer reviews, with some users praising the software and others criticizing it. Here is an overview of the ratings from the most common software review sites: G2 - 4.5 out of 5 stars overall Trustradius - 8.6 out of 10 overall Capterra - 4.6
PYMNTS
DECEMBER 7, 2020
The company was founded in 2011 and has worked to capitalize on banks' reduced focus on lending after the late 2000s financial crisis, working on refinancing student loans early on and has since also worked on mortgages and personal loans, according to Reuters. SoFi was valued at $4.8
The Fintech Times
JULY 1, 2025
Credit data Average FICO scores rose from 688 in 2011 to 718 in 2023, suggesting that those already in the system were improving their credit profiles. But the people who needed help the most — those outside the traditional credit model — weren’t lifted by that rising tide.
Finovate
APRIL 15, 2025
was founded in 2011 to help graduates pay off their student loans while giving businesses a strategic differentiator to improve hiring and employee retention. Student loan benefits platform Tuition.io has received an undisclosed amount of debt financing from ORIX Corporation USAs Growth Capital business. Tuition.io
PYMNTS
SEPTEMBER 18, 2020
percent through Q3 2019 and was on pace to be the second-best year following 2011, according to a January report. “If it’s an obviously top 10 percent company, there’s just a huge amount of money being thrown at them by the VC world.". The Prime Unicorn Index increased 58.4
PYMNTS
JULY 22, 2020
In addition, a JLL executive noted in the report that industrial rent growth has been positive as of 2011. In addition, JLL forecasted that the U.S. will require a further 100 million square feet of cold storage space within the few years to come.
PYMNTS
MAY 15, 2019
trillion: Projected annual business travel spend by 2011. trillion: Net amount U.S. firms are owed in accounts receivable on any given day. percent: Firms that regularly use immediate payment services.
PYMNTS
JANUARY 7, 2021
When Mambu launched in 2011, we knew the future of banking would have to be built on agile and flexible technology,” Eugene Danilkis , co-founder and CEO of Mambu, said in a press release. Nearly a decade later, this is more true now than ever, particularly given developments over the past year.”.
Fintech News
APRIL 10, 2024
Temasek’s investment in the EMEA region has seen a significant increase, with the company’s exposure growing nearly fivefold since 2011, reaching S$47 billion (€32 billion), which accounts for 12% of its portfolio as of 31 March 2023.
CB Insights
JULY 1, 2020
Founded in 2011, nCino aims to help financial institutions digitize operations and automate workflows, providing a digital operating system for banks and credit unions. North Carolina-based nCino , a cloud-based banking software company, is going public. Want the full post? Become a CB Insights customer.
PYMNTS
APRIL 16, 2020
Launched in 2011, Transferwise is Europe’s most valuable FinTech and is known for charging much lower rates than mainstream banks or specialty money transfer services. Menager said PagoFX was “inspired by” One Pay, which the bank ultimately decided against using for its open-market business.
Axway
OCTOBER 3, 2023
Le concept d’État-plateforme a été inventé en 2011 par Tim O’Reilly, un entrepreneur et éditeur américain spécialisé dans le numérique. Il a été repris et développé en France par Nicolas Colin et Henri Verdier, deux entrepreneurs du numérique français, dans …
PYMNTS
JUNE 25, 2020
Data: 2011: The year Newegg launched a marketplace model where other sellers accessed its eCommerce platform. And Newegg is mastering the art of the pivot , having piloted a unique business model with a platform that directly connects suppliers and consumers. All this, Today in Data. 186B: Amount of social commerce sales in China in 2019.
Fintech News
MARCH 27, 2024
Since joining as the second employee in 2011, Toy has been instrumental in the firm’s development, culminating in her promotion to partner in mid-2021. Her appointment as COO marks a continuation of her leadership journey, now with a broader mandate to oversee operational excellence and support the firm’s strategic expansion efforts.
PYMNTS
OCTOBER 6, 2020
One year ago, Piper Jaffray researchers found that American teens spent $2,371 per year, the lowest level for the age group since the fall of 2011. Teen spending has been on the decline long before the coronavirus brought the economy to a virtual halt. The data, gathered from 9,500 teens across 42 U.S. states, with an average age of 15.8
PYMNTS
NOVEMBER 24, 2020
Founded in 2011 by Aman Narang , Jonathan Grimm and Steve Fredette , the startup closed a $400 million funding round in February at a $4.9 The secondary offering gives Boston-headquartered Toast a valuation of about $8 billion, up from a $4.9 billion valuation pre-pandemic in February. billion valuation. .
Finextra
OCTOBER 17, 2024
Corner Post, a North Dakota truck stop, is challenging the Federal Reserve’s 2011 rules governing debit interchange revenue established pursuant to the “Durbin Amendment” in the Dodd-Frank Act. The Bank Policy Institute (BPI) and The Clearing House Association filed a motion to intervene today in Corner Post, Inc.
Fintech Finance
NOVEMBER 18, 2024
The second phase will completely replace the existing safeguarding requirements under the Electronic Money Regulations 2011 and Payment Services Regulations 2017 with a new chapter of CASS, (CASS 15). This phase will put more onus on payment providers to implement better record keeping, reporting and monitoring processes.
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