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TD Bank Offers Advanced Payment Solutions for Small Businesses

April 25 – TD Bank Merchant Solutions has announced the availability of the Clover product portfolio featuring all-in-one payment terminals designed to help small businesses manage their operations through custom hardware, software and merchant services. The Clover product portfolio is powered by First Data, a global leader in commerce-enabling technology and solutions.


TD Bank Launches New Cash Rewards Credit Card

February 1 – TD Bank, America’s Most Convenient Bank® has launched a new credit card product that makes it easier for consumers to earn cash back on everyday purchases. The TD Cash Visa Signature Credit Card provides 2 percent cash back on all dining types and 1 percent cash back on all other purchases. It comes with no revolving categories, annual fees or foreign transaction fees. There is also no limit on the amount of cash a cardholder can earn, and no reward expirations.


Mobile Transforming the Way Businesses Operate

January 14 – Forrester forecasts that 4.8 billion people globally will use mobile phones in 2016. This brings significant opportunities to businesses, especially for those companies that understand how a customer-obsessed mobile strategy will change the way they operate in 2016.


Charter Changes in the Wake of Dodd-Frank

By Toni Lapp

Boone County National Bank, Columbia, Mo., closed for business on a Friday last month, and reopened the next Monday as Central Bank of Boone County. The bank changed more than its name; it converted from a national- to a state-chartered bank.


Most Influential Women in Payments Honored by PaymentsSource

March 13 – PaymentsSource, providing news and analysis for payments professionals, has announced the honorees for the 2015 Most Influential Women in Payments. PaymentsSource will celebrate the accomplishments of these exceptional leaders on April 8th at an honoree panel discussion and reception, held during the 27th Annual Card Forum & Expo at the Chicago Marriott Downtown, hosted by PaymentsSource and American Banker.


FirstMerit Mobile Banking Apps Now Offer Popmoney for Convenient Person-to-Person Payments

March 12 – FirstMerit Corp. has announced that its Apple iOS and Android Mobile Banking Apps now include Popmoney, a simple and secure service that allows customers to send and receive money electronically.  Sending and receiving personal payments through Popmoney reduces the hassle of writing checks and eliminates the need to carry cash. All it takes is an email address or mobile phone number of the person receiving funds to initiate a payment.


Credit Reporting Agencies Agree to Reform Practices

March 9 – The nation’s three leading national credit reporting agencies have reached an agreement to improve credit report accuracy, increase the fairness and efficacy of the procedures for resolving consumer disputes of credit report errors, and protect consumers from unfair harm to their credit histories due to medical debt. The agreement was announced by New York Attorney General Eric Schneiderman. (more…)

OCC Hosts Risk Assessment and Compliance Risk Workshops in Syracuse

July 14 – The Office of the Comptroller of the Currency will host two workshops in Syracuse, N.Y., at the Sheraton Syracuse University Hotel, Aug. 5-6, for directors of national community banks and federal savings associations.


Seventy Percent of U.S. Credit Cards to be EMV Enabled by the End of 2015

July 2 – By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, says Aite Group.


New Research Examines U.S. Path to EMV Integration

June 20 – By October 2015, 70 percent of U.S. credit cards and 41 percent of U.S. debit cards will be EMV enabled, says Aite Group. Aite Group’s new research report, EMV: Lessons Learned and the U.S. Outlook, takes a look at the migratory experiences of five countries that preceded the United States in adopting the EMV standard: the United Kingdom, Australia, Brazil, Mexico, and Canada. It also describes the U.S. path to EMV based on interviews with top U.S. issuers and payment networks and makes a series of recommendations for U.S. issuers based on the lessons learned from other countries.


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