It’s time for the prepaid industry to once again innovate by embracing next-generation processing technology and creating new tools that help people improve their financial behavior.
Adding a savings tool to GPR cards drives usage and retention and helps cardholders get ahead.
WEX Inc., a South Portland, Maine-based provider of corporate payment solutions (formerly Wright Express), announced that Stephen R. Crowley has joined the company as chief information officer and senior vice president, shared services.
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.
Ovation Incentives, a U.K.-based B2B incentive program provider, has appointed Rory Smith head of its U.S. office in Chicago.
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.
Giftango, a digital gifting solutions provider and wholly owned subsidiary of InComm, announced it now operates under the name InComm Digital Solutions.
Discover Financial Services has a new head of prepaid, Amit Parikh, who is responsible for overseeing prepaid sales and relationship management.
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.
Former Alpha ATS chief Jos Schmitt is planning a new stock exchange for Canada, to be called Aequitas Exchange, which will take on incumbent TMX Group.
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.
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 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.
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.
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 […]
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.
PayPal users can withdraw money from their accounts and pick up the funds via money transfer company MoneyGram, following a deal between the two US firms that also will see PayPal customers loading funds into their accounts via MoneyGram by the end of the year.
A U.S. District Judge in Washington, D.C., ruled that the Federal Reserve Board overreached in its interchange and network routing rulemaking. If upheld, the decision will have huge consequences for issuers, program managers and other payments stakeholders.
Bloomberg has received approval to launch a Swap Execution Facility, ahead of the compliance deadline for new US Dodd-Frank rules for clearing of OTC derivatives.
US consulting, market data and technology firm Jordan & Jordan has chosen to launch its execution compliance and surveillance service on Nasdaq OMX FinQloud, the cloud computing platform built for financial services and powered by Amazon Web Services.
With an evolved platform and new B2B focus, NYC firm is making a buzz in “Engagement Banking”.
By Kate Fitzgerald, Emerging Payments Editor The cost of complying with anti-money laundering (AML) rules and requirements is rising, just as the expansion of related anti-bribery and corruption laws around the world is placing unique new demands on global financial organizations, according to a new survey. International banks are devoting more personnel, departmental resources and […]
One of Forbes’ “Fastest-Growing Tech Companies,” Vantiv talks about its growth since becoming independent and how it sees the payments landscape transforming.
July 2013 Ian Horsted has been awarded the “U.S. Recruiting Network, South Dakota, Top Producer” for the second quarter of 2013, according to R&P Group, a Sioux Falls, S.D.-based payment industry recruiting firm. Over the last seven years, Horsted has become a key partner at R&P as he identifies, evaluates and recruits potential candidates for […]
July 2013 Prosper Marketplace Inc., parent company of peer-to-peer lending marketplace Prosper Funding LLC, has announced that Raj Date, former deputy director of the Consumer Financial Protection Bureau, has joined its board. Date is currently managing partner at Fenway Summer, a consumer finance advisory and investment firm based in Washington D.C. Before joining the federal […]
July 2013 MoneyGram International has announced that W. Alexander Hoffmann has been appointed to the global money transfer company’s executive leadership team as senior vice president, global product management and emerging channels. He will lead MoneyGram’s global product portfolio, emerging channels and MoneyGram Online. He has 20 years of experience in payments and cards, online […]
July 2013 Enacomm Inc., a Tulsa, Okla.-based provider of voice processing infrastructure, applications and services, has announced that Michael Kirk will join the company as vice president of business development, channels and alliances. An IT and services veteran, Kirk has more than 25 years of experience with sales, sales management and business development for IVR, […]
July 2013 C-SAM, a Chicago-based provider of mobile transactions technology, has announced that Kurt Weiss and Conrad Sheehan have joined the company as managing director of global financial institutions and vice president and general manager of strategic initiatives, respectively. Weiss will work closely with financial institutions and networks deploying C-SAM’s mobile transaction platform, which enables […]
Employers looking at consumer-directed health care plans with HSAs tend to pick providers based on one or two administrative details, but they really need to dig into what kind of benefit experience employees will get. The quality of that interaction can make all the difference, and yield happy, engaged employees.
US post-trade utility the DTCC has agreed to acquire post-trade specialist firm Omgeo, in a deal that it says will help improve collaboration between investment managers, broker-dealers and custodian banks and reduce risk for market participants.
July 2013 Virtual Piggy Inc., a Hermosa Beach, Calif.-based provider of e-commerce solutions enabling children to manage and spend money within a parent-controlled environment, has appointed Ivo Weevers creative director, mobile design, to lead and manage the mobile consumer experience team. He has 15 years of experience creating highly successful mobile, Web, device and desktop […]
July 2013 TSYS, a Columbus, Ga.-based processor, has announced executive promotions and additions to its senior management group. Gaylon Jowers Jr. has been appointed senior executive vice president. He also serves as president of TSYS’s international services segment. Jowers has held leadership roles in which he was responsible for the company’s debit, prepaid, loyalty, debt […]
July 2013 The Members Group (TMG), a Des Moines, Iowa-based card processing and payment solutions provider, announced that CEO Shazia Manus has been appointed to serve a one-year term on the Credit Union National Association’s (CUNA) Payments Policy Subcommittee. The CUNA Payments Policy Subcommittee monitors, reviews and makes recommendations to the organization’s Governmental Affairs Committee […]
July 2013 National Gift Card Corp. (NGC)—an Elgin, Ill.-based marketer and supplier of gift cards for use in loyalty, incentive and rewards programs—has appointed Eric Thiegs senior vice president, business development. He is a 15-year veteran of the partnership marketing, member benefits, loyalty and rewards arenas, and he will be responsible for leading the company’s […]
July 2013 LifeWork Search, a staffing firm with offices in Massachusetts and Florida, recently announced that Laura Patterson has joined the company’s executive search team, leading the compliance, fraud and risk department. Patterson has more than 15 years of experience in technical sales and account cultivation. Her merchant services career started in 2002 with American Express, […]
The surge in new mPOS tools and e-commerce options for micro and small businesses represents a significant growth opportunity to a diverse array of payments industry players. By Kate Fitzgerald, Emerging Payments Editor Local dog-sitters, dry cleaners and doughnut shops could become as important as gold nuggets to payments industry providers that recognize their potential […]
Despite what you’ve been seeing in the mainstream media recently, many prepaid card providers have not only lowered fees in the last few years but many are educating cardholders about how to avoid fees altogether.
July 2013 First Data Corp., an Atlanta-based payments processor, has appointed Guy Chiarello president. He will serve as a member of the management committee, and he will focus on innovation, product development and technological systems. Chiarello also will engage with customers and business leaders to create and enhance the many new solutions First Data plans […]
July 2013 CPI Card Group, a Littleton, Colo.-based card producer, recently received several Élan Awards at the International Card Manufacturers Association (ICMA) annual meeting in Washington, D.C. The Élan Awards recognize innovative card designs, technologies and other criteria that establish the global vanguard for card manufacturing. CPI received the top honor in two categories: “Best Financial […]
July 2013 DFC Global Corp., a Berwyn, Pa.-based financial services company serving primarily unbanked and underbanked consumers, has promoted Norman Miller president and chief operating officer. He has served as the company’s executive vice president and chief operating officer since 2007. Previously, Miller was employed by ARAMARK Inc., where he was group president of sports […]
