CNP Headlines

eBay and PayPal are splitting up

The Verge - Tuesday, 30 September 2014 Citing a "rapidly changing global commerce and payments landscape," eBay has just announced plans to separate its business into two distinct and independent companies: eBay and PayPal.

Durbin Joins Wal-Mart, 7-Eleven in Interchange Battle

Credit Union Times - Friday, 26 September 2014 In the latest skirmish in the 9-year legal battle over interchange fees, Wal-Mart, 7-Eleven and other retailers, joined by Senate Majority Whip Richard Durbin (D-Ill.), recently filed several briefs with the U.S. Supreme Court. The group seeks to change the Federal Reserve’s cap on debit card interchange fees that took effect three years ago.

Not so fast, Citi: Walmart intros GoBank checkless accounts

Mobile Payments Today - Thursday, 25 September 2014 Not to be outdone by Citi, which rolled out its check-free, overdraft-free Access Account on Tuesday, Walmart announced Wednesday the rollout of its new banking product, GoBank, from Green Dot. GoBank accounts will be available nationwide in Walmart stores by the end of October, according to a press release from the two companies.

Federal Reserve gives cautious backing to tokenization

NFC World - Wednesday, 24 September 2014 The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more depth.

Fed Proposes New, Faster Payment Infrastructure

Forbes - Tuesday, 23 September 2014 Fed studies have concluded that a new infrastructure won’t pay for itself, or in the words of a Fed presentation: “The business case through 2025 for implementing a faster payments solution for the primary use cases is profit contribution net neutral to negative”