People on the Move: Jeffrey Shanahan, CardConnect
CardConnect, a Philadelphia-based payments technology company, announced that Jeffrey Shanahan, who has served as president of the company since 2008, has been appointed CEO.
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People on the Move: Amru Kotb, Cryptomathic
Cryptomathic, an e-security solutions provider with offices in Europe and North America, has appointed Amru Kotb senior vice president.
People on the Move: David Anderson, Enacomm Inc.
Enacomm Inc., a Tulsa, Okla.-based provider of voice processing infrastructure, has hired David Anderson, who will serve as vice president and chief marketing officer.
People on the Move: Andrew Patterson, Mercury Payment Systems LLC
Mercury Payment Systems LLC, Mercury Payment Systems, a Durango, Colo.-based payment processor, has appointed Andrew Patterson chief technology officer.
People on the Move: Scott Sandlin, Mozido LLC
Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants, has named Scott Sandlin president and a member of the board of directors.
People on the Move: Michael Mueller and Udo Mueller, paysafecard group
Michael Mueller, co-founder and, for the last nine years, CEO of paysafecard group, has decided to leave the company board. Udo Mueller assumes the role of CEO.
People on the Move: Carl J. Williams, Planet Payment Inc.
Planet Payment Inc., a Long Beach, N.Y.-based payments processor, has appointed Carl J. Williams CEO.
Paybefore Exclusive: Visa’s New Weapon for Fighting Prepaid Fraud (Feb. 27, 2014)
The fight against fraudsters who attack prepaid cards is getting some major network muscle. Visa Inc. announced it has completed technical development on the first industry-wide prepaid database to detect and prevent fraud schemes that target prepaid cards.
Swift speeds client onboarding with standards testing service
Swift has announced the availability of a cloud-based application designed to eases the client onboarding process between financial institutions and their clients. First outlined at the Sibos 2012 event in Osaka, the MyStandards Readiness Portal, is backed by some big names in the business – HSBC, Citi and Clearstream spoke at a Standards Forum session […]
MasterCard and Syniverse launch “not just another” mobile payment service
MasterCard has partnered with mobile technology specialist Syniverse under an audacious plan that aims at nothing less than “bringing mobile financial services to every single mobile user on the planet”.
New Smartphone Offers PayPal Payments with the Swipe of a Finger (Feb. 25, 2014)
Owners of the new Samsung Galaxy S5 smartphone soon will be able to make in-store payments via their PayPal accounts by just lifting—or rather, swiping—a finger.
Fiserv: Rising ACH and Wire-Transfer Fraud Demands Broader Defenses (Feb. 25, 2014)
Fraud associated with ACH transactions and wire transfers is on the rise, creating fresh challenges for financial institutions already grappling with higher risks from data breaches, malware and account hijacking, according to Fiserv.
BBVA Keeps It Simple; Ezetap, mCASH Rake in Funding (Feb. 25, 2014)
Spanish financial services group BBVA has announced it is acquiring Paybefore Award-winning Simple, the Portland-Ore.-based digital banking company founded in 2009, for $117 million.
Prepaid Cards Play Key Role in New Contactless Transit-Payment Systems
When upgraded public transit fare-payment systems went live recently in Chicago and Salt Lake City, contactless payment transactions soared into the millions.
MasterCard Acquires M-Payments Partner C-SAM, Launches In-App Payments (Feb. 24, 2014)
MasterCard has entered into an agreement to acquire Chicago-based mobile payment technology provider C-SAM.
Nevada Gaming Commission OKs Prepaid for Slot Machines (Feb. 24, 2014)
The Nevada Gaming Commission has approved the use of prepaid cards for wagering on slot machines in the state.
Amazon Coins Expand to All Android Devices (Feb. 24, 2014)
Amazon has announced that customers in the U.S., U.K. and Germany now can use the e-retail giant’s Amazon Coins in-app currency on all Android-based smartphones and tablets.
Google Nabs Audio Authentication Startup (Feb. 20, 2014)
Google has acquired Israeli startup SlickLogin, which has developed technology that uses high-frequency sound waves to authenticate user identity when logging into Websites.
NBPCA Teams with Consumer Action for Payroll Guides to Educate, Ensure Compliance (Feb. 20, 2014)
With a growing number of U.S. employers offering their employees the option of payroll cards, the Network Branded Prepaid Card Association (NBPCA) has joined with consumer advocacy group Consumer Action to develop a pair of guides to help companies and employees learn about payroll cards, including how they work, options for accessing wages and how to avoid or limit fees.
European Parliament Committee Endorses Proposed Payments Rules; Plenary Vote Set for April (Feb. 21, 2014)
The European Parliament’s ECON Committee today voted to endorse proposed amendments to the European Union’s “Payments Package” legislation, which includes the revised Payment Services Directive (PSD2) and the regulation on interchange fees for card-based payment transactions (MIF Regulation).
Visa and MasterCard Green-Light HCE, Giving Banks and Merchants New NFC Options (Feb. 19, 2014)
Visa and MasterCard today announced plans to support Host Card Emulation, which enables storage of card credentials in the cloud, rather than using the secure element embedded in handsets, a move observers say could reignite prospects for NFC.
Orange Cash Expands to Spain (Feb. 19, 2014)
Mobile network operator Orange is launching its Paybefore Award-winning Orange Cash prepaid MasterCard in Spain.
Earthport launches payments route to Mexico and Colombia
Cross-border payments company Earthport has launched two new routes into Mexico and Colombia, as part of a drive to open up Latin America for faster, more efficient and transparent payments.
U.S. Bancorp, Monitise Unveil Digital Watermark-Based Mobile Shopping Platform (Feb. 18, 2014)
U.S. Bancorp and U.K.-based Monitise plc have partnered to launch a white-label mobile commerce platform dubbed Peri.
Congressional Agency Calls for Clearer Campus Card Guidelines (Feb. 18, 2014)
The Government Accountability Office is the latest government agency to scrutinize the increasingly popular campus-based debit and prepaid cards.
RBI Report Outlines Technology for Banks, Telcos to Develop Mobile Banking (Feb. 18, 2014)
The Reserve Bank of India continues to encourage development of mobile banking across its nation, where 870 million consumers have a mobile handset but fewer than half of those have bank accounts.
People on the Move: Michael McMillan, Heartland Payment Systems
Heartland Payment Systems, a Princeton, N.J.-based merchant processor, has hired Michael McMillan as chief branding officer.
Company on the Move: Calpian Inc.’s Money-on-Mobile, The Indian Merchants’ Chamber Award
Calpian Inc., a global processing and mobile payments technology company, announced that Money-on-Mobile, its India-based subsidiary and prepaid mobile payments company, has been recognized for “Excellence in Information Technology Service” by The Indian Merchants’ Chamber.
People on the Move: Mary Donovan, Nicole Willis and Erin Wood, Retail Gift Card Association
The Retail Gift Card Association, a trade association of closed-loop gift card retailers, has appointed Mary Donovan executive director, and named Kellen Company as the RGCA’s management firm.
Amazon Goes with ‘Flow’ to Challenge Brick-and-Mortar Retailers (Feb. 13, 2014)
Amazon this month updated its iOS shopping app with a new feature called Flow, which could add rocket fuel to the “showrooming” phenomenon already affecting brick-and-mortar retailers.
MasterPass Says ‘Hola’ to Spain (Feb. 13, 2014)
MasterCard has launched its MasterPass online shopping service in Spain, the payment card network said this week.
MCX Adds Platform Provider Paydiant and Burger Chain Wendy’s (Feb. 13, 2014)
Merchant Customer Exchange (MCX), the Coppell, Texas-based, retailer-led mobile payment consortium founded in 2012, is adding Paydiant’s cloud-based platform to its mobile commerce infrastructure.
CVC Capital Finalizes 600 Million-Euro Skrill Buy (Feb. 13, 2014)
A controlling stake in European online payment company Skrill Group has been acquired by CVC Capital Partners, one of Europe’s largest investment consortiums.
Payza Looks to Grow Global Reach with New Enterprise Service (Feb. 11, 2014)
Online payment provider Payza has begun offering its platform directly to money service companies, officially launching its strategic partnership phase, first announced at the end of 2013.
Vodafone Adds MoneyGram Network for M-Pesa Remittances (Feb. 11, 2014)
Vodafone has inked a deal with MoneyGram that will enable anyone to send funds via MoneyGram’s 334,000 agents worldwide to users of Vodafone’s popular M-Pesa mobile payment service.
U.S. Reps Scheduled to Vote on CFPB Bill Tomorrow (Feb. 11, 2014)
The U.S. House of Representatives is scheduled to vote tomorrow on the Consumer Financial Protection and Soundness Improvement Act (H.R. 3193).
Class Action Dismissed: Expiration Date Receipt Disclosure
A consumer’s class action suit reminds businesses to adhere to FACTA requirements, and prevent potential identity theft and fraud.
FIX publishes guidelines for equities TCA
Industry standards organisation the FIX Trading Community has published its guidelines for transaction cost analysis in equities, which it says will help to create a better market by clearing up the competing methodologies and definitions that are currently in use.
Celent sees strong global growth in bank IT spending
Global IT spending by banks will grow 4.4% to $188.0 billion this year, and will continue to do so for the next few years, according to research firm Celent.
Pew Report: GPR Card Fees Go Down, But Regs Still Needed (Feb. 10, 2014)
GPR card products are on the rise and have become more affordable over the last year, according to a new report from the Pew Charitable Trusts, which examined 66 GPR cards and compared the findings to a similar report in 2012.
