Welcome to The Axis, your late look at payments news from around the world. PaySend, a U.K. FinTech firm, has debuted an app that enables users to tap into their mobile numbers to make payments. Prepaid Financial Services (PFS) has teamed with Garmin Pay for...
Ireland’s finance minister wants to add thousands of jobs to its international financial services arena, in part, by a focus on FinTech development. Recent days have seen a raft of announcements tied to FinTech and FI collaboration in the sector. Elsewhere, a startup incubator takes shape in...
Barclays has divested its portfolio of physical prepaid cards in the U.K., selling the assets to Prepaid Financial Services (PFS), PFS said in a press release Wednesday (March 6). PFS took on the corporate and payroll prepaid card assets from Barclays and integrated the portfolio...
The Consumer Financial Protection Bureau (CFPB) released its latest monthly consumer complaint snapshot on Tuesday (March 1), showing a spike in recent months in the number of complaints from consumers about prepaid products. “Prepaid products provide a crucial financial lifeline to many unbanked and underbanked...
January 18, 2022
Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with the biggest penalty of £31.56 million ($43.04 million), the Payment Systems Regulator (PSR) said in a statement on Tuesday (Jan. 18). The other companies fined were allpay, Advanced Payment Solution, […]
March 02, 2016
The Consumer Financial Protection Bureau (CFPB) released its latest monthly consumer complaint snapshot on Tuesday (March 1), showing a spike in recent months in the number of complaints from consumers...
