People on the Move: Nicolas Huss, Visa Europe (August 2013)
Visa Europe has named Nicolas Huss president and CEO.
PayTech
People on the Move: Ryan Anderson, The Members Group (August 2013)
The Members Group, a Des Moines, Iowa-based card processing and payment solutions provider, has chosen Ryan Anderson to fill the newly created position of vice president of product.
People on the Move: Rory Smith, Ovation Incentives (August 2013)
Ovation Incentives, a U.K.-based B2B incentive program provider, has appointed Rory Smith head of its U.S. office in Chicago.
People on the Move: Ezediashi Ofili and Marcus Mak, MasterCard (August 2013)
MasterCard has appointed Ezediashi Ofili vice president and business leader to drive growth of its prepaid business in sub-Saharan Africa. MasterCard also appointed Marcus Mak head of merchant marketing for the company’s Asia-Pacific, Middle East & Africa region.
Companies on the Move: InComm Digital Solutions, formerly Giftango (August 2013)
Giftango, a digital gifting solutions provider and wholly owned subsidiary of InComm, announced it now operates under the name InComm Digital Solutions.
People on the Move: Gilles Coccoli and Antoine Dumurgier, Edenred (August 2013)
France-based prepaid card provider Edenred recently announced two appointments to its executive committee.
People on the Move: Amit Parikh, Discover (August 2013)
Discover Financial Services has a new head of prepaid, Amit Parikh, who is responsible for overseeing prepaid sales and relationship management.
People on the Move: Neil Peretz, BillFloat (August 2013)
San Francisco-based BillFloat, which provides small-dollar loans to customers for electronic bill payments, recently announced that Neil Peretz has joined the company as general counsel.
Equity Firm Shells out EUR600 million for Majority Stake in Skrill (Aug. 19, 2013)
Aug. 19, 2013 One of Europe’s largest private equity firms has acquired a controlling stake in U.K.-based online payment system Skrill. Funds advised by CVC Capital Partners doled out EUR 600 million (US$801 million) to nab a 75 percent stake in Skrill from Bahrain-based Investcorp. Founded in 2001 as Moneybookers, Skrill is among the world’s […]
Enacomm: Predicting Customer Behavior Is Key to Cutting Churn, Costs (Aug. 19, 2013)
Aug. 19, 2013 Customer relationship management (CRM) tools, which previously came with multimillion-dollar implementation costs, are becoming more affordable for companies of all sizes because of software-as-a-service (SAAS) models, according to Enacomm Inc., which last week unveiled 4Cast. The CRM application, which is now available as an SAAS release, analyzes past and current user data […]
VeriFone Launches Mobile Payment App with 7,000 NYC Taxis (Aug. 19, 2013)
Aug. 19, 2013 The taxicab industry is serving as a laboratory for new mobile payment technologies, with VeriFone Systems Inc.’s new cloud-based Way2ride app the latest example. VeriFone this month in New York City is launching a mobile app in 7,000 cabs enabling riders to tap to pay using any iOS or Android smartphone. Users […]
Online Payment Provider Stripe Enters U.K. (Aug. 19, 2013)
Aug. 19, 2013 San Francisco-based online payment startup Stripe has expanded its services to the U.K. The company’s platform enables merchants to accept network branded payment cards online by integrating a few lines of code on their Websites. Already active in the U.S. and Canada, Stripe’s client list includes Foursquare and Redditt. The company has […]
Facebook to Make its First M-Commerce Move (Aug. 15, 2013)
Aug. 15, 2013 Is Facebook ready to take another stab at payments—this time using mobile apps? The social media giant reportedly is about to test a new mobile payments feature that would enable users who have stored credit card information with Facebook to make purchases directly from e-commerce mobile apps using only Facebook login credentials. The […]
Blackhawk Brings Insurance Card to Canadian Safeway Locations (Aug. 15, 2013)
Aug. 15, 2013 Blackhawk Network has released a new line of travel insurance cards that will enable customers to purchase coverage with cash at Canadian Safeway grocery locations. Known as SmartAssure, the cards are being launched in partnership with issuer Jones Deslauriers Blevins Insurance Group, one of Canada’s largest insurance brokerages. Available in multiple denominations […]
EC Gives OK to Spanish Mobile Commerce Venture (Aug. 15, 2013)
Aug. 15, 2013 A mobile commerce partnership between Spanish telecom provider Telefónica and two Spanish banks has been given the green light by the European Commission (EC), paving the way forward for what the companies are calling Europe’s first full joint venture between financial institutions and telecom operators. In its ruling, the EC said there […]
Heartland Launches Mobile App for School Tuition, Fees (Aug. 15, 2013)
Aug. 15, 2013 A new mobile app from Heartland School Solutions, a division of Princeton, N.J.-based merchant processor Heartland Payment Systems, aims to make it easier for parents to manage their children’s school related expenses, such as meals, tuition, lab fees and sporting events. The app, launched this week for Apple iOS and Android smartphones […]
Blog: For Mainstream Adoption, Mobile Payments Require Consumer Trust—and a Compelling Experience (August 2013)
By Ginger Schmeltzer, Fiserv In July, The Clearing House announced that it would pilot an “industry-wide dynamic credentialing solution” to improve the safety and soundness of digital payments. According to the announcement, The Clearing House is partnering with its member institutions to create a “secure cloud” that protects mobile payments at the point of sale […]
Blog: How to Think Like a Startup (Part 1) (August 2013)
By Joe DeSetto, Emerging Payments Blogger The payments startup culture, as it currently exists, is now mature enough that established firms in even highly regulated, slower moving industries can learn a thing or two from how these smaller, faster, younger tech companies think. While size, scope, market, finances and level of success varies widely upon […]
Judge Gives Fed another Week to Discuss New Durbin Rules; Floats Idea of Merchant Refund (Aug. 14, 2013)
Aug. 14, 2013 A judge has given the Federal Reserve another week to answer questions about rewriting the agency’s rule on implementing debit interchange fees and network routing regulations under the Durbin Amendment. The agency’s existing rule was thrown out last month when the district court ruled in favor of merchants in a lawsuit filed […]
MasterCard, Travelex Launch Five-Currency Prepaid Card for U.S. Travelers (Aug. 14, 2013)
Aug. 14, 2013 Travelex has teamed up again with MasterCard and its subsidiary Access Prepaid for what the companies say is the first-ever multicurrency prepaid travel card specifically developed for U.S. travelers. The Multi-Currency Cash Passport Prepaid MasterCard, equipped for both magnetic-stripe and EMV chip transactions, enables customers to preload funds in five currencies simultaneously, […]
PayPal Signs Deal for In-App Payments (Aug. 14, 2013)
Aug. 14, 2013 PayPal Inc. has struck deal with mobile in-app commerce provider Lotaris that will add PayPal acceptance to the Lotaris platform. The pact enables commercial app developers using Lotaris’ in-appCommerce service—which providers licensing and payment solutions for purchases made within mobile apps—to offer users the option to pay with a PayPal account. The […]
Credit Association Partners with EnStream for Canadian Mobile Wallet (Aug. 14, 2013)
Aug. 14, 2013 EnStream, the mobile payments joint venture between Canadian telecom providers Rogers Communications, Bell Corp. and TELUS Corp., has inked a deal with credit union association Desjardins Group to enable Desjardins’ banking customers to add payment cards to NFC-enabled smartphones. Under the partnership, Desjardins can offer its own branded banking app that’s compatible […]
N.Y. Looks to Tame ‘Wild West’ of Virtual Currencies (Aug. 14, 2013)
Aug. 14, 2013 Less than a week after a U.S. federal judge ruled that Bitcoin is real currency, New York State’s Department of Financial Services (DFS) announced it has launched an investigation into virtual currencies. “The emergence of Bitcoin and other virtual currencies has presented a number of unique opportunities and challenges,” DFS Superintendent Benjamin […]
Canada’s Desjardins financial cooperative pushes NFC offering
Canada is seeing a fresh push to promote near field communication (NFC) services after Canadian cooperative financial group Desjardin signed a deal with mobile money solutions provider Monitise and a joint venture with the nation’s three largest mobile operators.
Viewpoint: 7 European Markets and Their Shifting Prepaid Opportunities (Spring 2013)
An Edgar, Dunn & Company study compares the existing state and prospects for corporate and government prepaid programs in Europe in 2010 and 2013. We assessed seven European countries— France, Italy, Germany, the U.K., Spain, Poland and Turkey—and rated the attractiveness of each market, based on the legal and regulatory environment and prepaid market receptiveness, against the prepaid market opportunity.
Hearing Set for Tomorrow on Court Interchange Ruling (Aug. 13, 2013)
Aug. 13, 2013 A hearing scheduled for tomorrow in U.S. District Court in Washington, D.C., will be the next step in the legal wrangling over the Federal Reserve’s debit interchange rule. The hearing follows the ruling late last month by U.S. District Court Judge Richard Leon that the Fed’s Board of Governors overreached in its […]
Chase Joins mPOS Race (Aug. 13, 2013)
Aug. 13, 2013 Chase today jumped into the mPOS race, offering a free mobile card reader for small business customers that has a few frills but a somewhat more traditional pricing plan, according to an announcement from Chase Paymentech, JPMorgan Chase & Co.’s acquiring and processing subsidiary. Like Square, which galvanized the mobile payments market […]
CloudZync Debuts U.K. Wallet (Aug. 13, 2013)
Aug. 13, 2013 Another mobile wallet provider has entered the fray in the U.K. British startup CloudZync has launched its Zync Wallet app for iOS and Windows phones, with an Android version to follow soon. Thus far, 280 merchants in London have signed on to accept Zync Wallet, which works by generating a QR code […]
Debit Rewards Provider PerkStreet to Shut Down (Aug. 13, 2013)
Aug. 13, 2013 PerkStreet Financial, a Boston-based cash-back debit rewards provider, has announced it will shutter its services next month, citing a lack of financing along with regulatory restrictions that limited its ability to compete. In a notice posted on the company’s Website, PerkStreet said it will cease business operations on Sept. 26 and will […]
Power of Prepaid: Consumer Research Reveals Rising Prepaid Usage, More Work to Do
One recent study shows encouraging signs about prepaid adoption, while another reveals surprisingly low usage among minority populations, including Latinos, African- and Asian-Americans, suggesting that the industry has some work to do in further penetrating these demographic markets.
Study: Gen Y Using Mobile among Other Methods to Pay Bills (Aug. 13, 2013)
Aug. 13, 2013 Although Generation Y consumers, ages 18 to 34 years old, pay bills using a mobile device more than other generations, Gen Y consumers still prefer to have other bill payment options, according to a recent Western Union Co. study. More than 30 percent of Gen Y respondents reported paying a bill using […]
Prepaid Card User Snapshot: Who They Are, How to Reach Them (Spring 2013)
By Bill Grabarek, Senior Editor Acxiom consumer data shed light on current and future prepaid customers. Industry experts estimate that prepaid—despite its exponential growth—has barely made a dent in reaching underbanked consumers. And evidence suggests that targeting younger consumers also might be fertile ground for providers looking to grow their portfolios. To help providers better […]
One American in three uses mobile banking
One in three US adults now uses mobile banking in their day to day lives– a rise of almost double since 2011, according to new research from the US Pew Research Centre.
Isis Links with Amex’s Serve; Expands Chase Connection (Aug. 12, 2013)
Aug. 12, 2013 American Express Co.’s prepaid brand Serve will get a slot in the Isis mobile wallet when the mobile commerce venture rolls out nationally later this year, which could boost Serve’s awareness among its intended audience of underbanked consumers. Today JPMorgan Chase & Co. also said it plans to expand its relationship with […]
PayPal Unveils Facial Verification for In-Store Payments (Aug. 12, 2013)
Aug. 12, 2013 Shoppers in the London borough of Richmond now can use their photos to verify their identity when making in-store purchases with PayPal’s mobile app. A new pilot in the company’s U.K. home base enables a user to find nearby shops and restaurants that accept PayPal, then check in by clicking on the […]
Google Wallet Removing NFC Loyalty, Gift Redemption (Aug. 12, 2013)
Aug. 12, 2013 Google is discontinuing NFC redemption for gift and loyalty cards stored in Google Wallet. Late last week, the company sent an email to users who had added gift or loyalty cards to their Wallet app, saying NFC redemption of such cards will end on Aug. 21. Cardholders have until that date to […]
SpendTrend: Consumer Spending Growth Hits 12-Month High (Aug. 12, 2013)
Aug. 12, 2013 A long Fourth of July weekend and warm, dry weather throughout much of the U.S., among other factors, contributed to strong consumer spending last month, according to the latest SpendTrend data released by First Data Corp., an Atlanta-based payments processor. Dollar volume growth in July increased 7.7 percent year over year, compared […]
Kearny Federal Savings Bank installs Fiserv mobile banking tools
US-based Kearny Federal Savings Bank has chosen to install bank processing and mobile payments technology from specialist firm Fiserv, which it says will help the bank increase efficiency and attract new customers.
NFC: Yes, No or Maybe?
Industry experts air their opinions in the ongoing debate about whether NFC will dominate mobile payments. By Kate Fitzgerald, Emerging Payments Editor From the moment near field communication (NFC) popped onto the payments industry radar about a decade ago, debate has sizzled around if, when and how it could revolutionize payments—adding a powerful stream of […]
Industry Views: Card Manufacturers Talk EMV (Pay Magazine, Spring 2013)
Although the network EMV liability shift is about two years out, card manufacturers already are consulting with their U.S. issuing clients to help them make decisions now about how they will approach the transition to EMV.
