Opportunities are significant for B2B, government and consumer applications, particularly around mobile money, but the industry must work harder to overcome education gaps at the consumer and regulatory level.
Millennial consumers present a wealth of opportunities for mobile payment providers and merchants, but the demographic is a demanding one, with several expectations that must be met by companies looking to gain a foothold with the segment.
VeriFone Systems Inc., a San Jose, Calif.-based payment solutions provider, announced that its board of directors has appointed Paul Galant CEO and member of the board of directors.
SIMalliance, a London-based nonprofit trade association supporting the creation, deployment and management of secure mobile services and applications, announced that Frédéric Vasnier has been reelected to serve a one-year term as chairman.
The NFC Forum, a nonprofit industry association supporting the use of near field communication technology, announced that Paula Hunter has been named executive director.
Meta Financial Group Inc., the holding company of MetaBank, has recently appointed Brad Hanson as president, Glen Herrick as executive vice president and chief financial officer, Ira Frericks as executive vice president and chief operating officer, and Ron Butterfield as executive vice president and chief administrative officer. Troy Moore will be taking on a new role as executive vice president of retail bank sales and operations.
Mercator Advisory Group recently announced several additions to the company.
judo payments, a U.K.-based provider of card payment technology for mobile apps, appointed Michael De Jongh vice president of sales and marketing.
InComm has been named the 2012 CVS Caremark Supplier Partner Award winner in the general merchandise category for its prepaid and payments products and services.
Billtrust, a Hamilton, N.J.-based provider of outsourced billing services, announced the addition of Ed Jordan as chief financial officer and Kirk Dauksavage as chief revenue officer.
The time has come to agree on a simpler way to use and store digital payment credentials, a trio of payment networks said today.
The Consumer Financial Protection Bureau yesterday hosted a Banking on Campus Forum in Washington, D.C., as part of its ongoing investigation into campus cards. Some college students said they feel pressured into using specific financial products—which can include student ID cards that double as debit or prepaid cards and are used to access scholarships and […]
San Diego-based prepaid provider The SpendSmart Payments Co. has set its sights on expanding beyond the teen card market, and the company is kicking off that expansion with a government-focused business line. SpendSmart’s new program management platform will focus on prepaid cards for distribution by municipal, county and state governments. The company already has inked […]
Indian payment startup MobiKwik is launching what the company is calling the country’s first consumer-focused mobile wallet. The MobiKwik wallet is available as an app for iOS and Android devices, and enables users to make online purchases from about 500 merchants. The wallet can be loaded via bank account transfer or credit card and a […]
The London Stock Exchange has intensified its push into the derivatives markets with the launch of a new bourse called LSE Derivatives Market, which it says will create new opportunities for traders in London and provide a better proposition under the EU’s EMIR legislation than its predecessor Turquoise Derivatives.
American Express is partnering with Sri Lanka’s Sampath Bank to launch a new prepaid travel card aimed at the growing number of Sri Lankans traveling abroad for business, education or leisure. The new Travel Life Prepaid Card, American Express’ first prepaid travel card in Sri Lanka, enables travelers to lock in a particular currency exchange […]
Technology companies are continuing to focus on Big Data, specifically analyzing transaction data to help clients improve the profitability of their portfolios. The latest to do so is payments technology provider FIS, which recently unveiled the FIS Active Analytics suite to help clients create segmented marketing campaigns and merchant offers, and price products more effectively. […]
Global Payout Inc., an electronic payment and prepaid solutions provider, is offering a newly enhanced health discount plan for all holders of the company’s MoneyTrac Prepaid Discover card, a GPR card that features a health care and pharmacy discount program. The WellCard Health Discount Plan now offers cardholders pre-negotiated health services with more than 410,000 […]
National Australia Bank has launched NAB Flik, a P2P payments app that enables customers to send and receive money using a mobile phone number, email or Facebook account.
As CFCT commissioner Scott O’ Malia calls for more time for SEF reforms to be implemented, senior market observers are concerned that the new rules will not only fail to meet their 2 October deadline, but will also hurt ordinary market participants and increase systemic risk rather than reduce it.
US based Pinnacle Bank has chosen to outsource its processing to Fiserv as part of its Precision bank platform, in a move the bank says will help it to scale and roll out new products including mobile banking, bill payment and checking. Based in the town of Elberton in the US state of Georgia, Pinnacle […]
European commercial bank UniCredit has chosen payment processing company First Data Corporation to help it pursue its mobile payments plans.
Nationwide has reported a significant increase in the number of customers switching their main current account to the building society, following the introduction of the new seven day account switching service on 16 September – but not everyone is convinced.
It’s official; eBay Inc. has announced it will acquire e-commerce processor Braintree Payment Solutions in an $800 million deal that will bring Chicago-based Braintree under eBay’s PayPal business unit. The two companies were reported to be in negotiations for a sale earlier this week. With the purchase agreement in place, PayPal gains Braintree’s more than […]
The National Bank of Egypt (NBE) has partnered with MasterCard to launch a new mobile app that enables users to send money, pay bills and soon make purchases at selected merchants in Egypt and electronic retailers across the globe. Dubbed Phone Cash, the service was developed in conjunction with electronic bill payment provider Fawry and […]
Capitalizing on explosive growth in the m-POS arena, Square this week announced an integration with Intuit Inc.’s popular QuickBooks business and financial management software, enabling users of Square’s m-POS solutions to automatically import transactions directly into QuickBooks to streamline their operations.
Zagat, known for its ratings guide for restaurants and nightlife, has launched the Zagat Dining Card, an electronic gift card currently accepted at nearly 230 restaurants in New York City.
Saudi Arabia’s stock exchange the Tadawul has signed a deal with Nasdaq OMX to replace its trading engine with Nasadaq OMX’s X-Stream INET technology, beginning in January 2014.
Trading infrastructure provider TMX Atrium has released a set of options for trading Russia through its connection to Frankfurt’s Equinix FR2 IBX data centre and the Moscow Exchange – a move designed to shepherd customers as rival providers stake out their own claims to the Russian market.
Most emerging Asian countries have developed or are developing their own CCPs and trade repositories in response to global reforms of OTC derivatives markets – but proliferation of CCPs is a concern, according to new research by analyst firm Celent.
India’s ICICI Bank has launched a new app that lets customers pay their friends and share expenses between groups of people on Facebook.
Less than one in ten UK consumers has used a mobile wallet, despite the widespread availability of the technology, a new study has found.
MasterCard and Visa have agreed to cut interchange fees by nearly half in France, striking a deal with the French Competition Authority, the country’s anti-trust regulator. Under the agreement, the payment card networks will lower interchange fees on purchases to 0.28 percent of a transaction’s value starting on Nov. 1. Currently, MasterCard charges .055 percent […]
Sept. 24, 2013 Will Facebook opt to become an e-commerce payments hub, rather than dive directly into payments? It’s beginning to look that way for now, as Facebook this week rolls out a new “Autofill with Facebook” payments feature for mobile apps, taking care not to step on the toes of merchants’ existing payment processors. […]
Today in Riyadh, Saudi Arabia, at the King Abdulaziz City for Science and Technology, U.K.-based payments technology company Ixaris and Middle East technology provider 3omlti e-Commerce have announced a significant partnership to bring prepaid cards to Saudi consumers and companies. Together the companies plan to use Ixaris’ prepaid platform, known for its virtual prepaid cards, and […]
The Consumer Financial Protection Bureau (CFPB) is most successful when it solicits wide-ranging input before issuing guidance; when the agency doesn’t is when it could falter, according to a new report by the nonprofit organization Bipartisan Policy Center (BPC).
Sept. 24, 2013 Payment systems provider ACI Worldwide has bolstered its position in the bill payment business with the $109 million acquisition of Official Payments Holdings Inc., which provides bill payment solutions to federal, state and local governments, utilities, higher education institutions and charitable organizations throughout the U.S. Based in Norcross, Ga., Official Payments has […]
Sept. 24, 2013 Payment systems provider ACI Worldwide has bolstered its position in the bill payment business with the $109 million acquisition of Official Payments Holdings Inc., which provides bill payment solutions to federal, state and local governments, utilities, higher education institutions and charitable organizations throughout the U.S. Based in Norcross, Ga., Official Payments has […]
Visa Europe’s decision to place its internal and external communications networks into the hands of BT will help the firm to realise economies of scale and offer a more efficient service to customers, according to Chris Pickles, Head of industry initiatives at BT.
Eurex clearing, the post-trade arm of Germany’s Eurex derivatives exchange, is to act as the clearing house for new securities borrowing and lending venue SL-x Trading Europe when it launches in Q4 this year.
