The breadth and depth of the data breaches seen by the world in 2014 was shocking – spanning major banks, e-commerce giants, healthcare giants, casinos and others, exposing hundreds of millions of usernames, passwords and credit card details. However, 2015 may be worse.
Consumers in the U.S. and U.K. mobile payments are not expected to be a common payment method this Season with less than 5% using them – which is the same proportion of people using checks.
EVERTEC has named former Diebold CEO, Thomas Swidarski to the Company’s Board of Directors as an independent director and member of the Board’s Compensation Committee.
Tieto announced its latest contract for the continued modernization and improved efficiency with new capacity and cloud solutions. The agreement, with SBAB processing, is valid for five years. In addition to offering cloud services, Tieto will provide IT operations. The Tieto services were ultimately enlisted to provide more cost efficiency while becoming faster and more agile. Additional benefits include increased customer communication and continuous streamlining of operations.
MasterCard has named R. B. Santosh Kumar as country manager, Sri Lanka and Maldives. MasterCard has also announced plans to launch a local representative office in Colombo early next year.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the American Express “I’m A Hard, Hard Worker” TV ad.
Global Risk Technologies (GRT) dynamic risk mitigation announced its end-to-end risk management solutions to European merchants. Helping acquirers and issuers minimize chargebacks, the Global Risk Technologies solution provides highly-scalable and sustainable technology designed for outsourced post-chargeback processing, risk mitigation and merchant education. Sustainable chargeback remediation, Global Risk Technologies’ solution identifies the right target and helps decrease the negative impacts of chargebacks, thereby increasing processing retention and revenues, and helping combat cyber-shoplifting, resulting in sustainable, secure growth. The company aims to free redundant resources dominated by reactive risk management mechanisms and help revolutionize and standardize these processes by providing an end-to-end solution that manages each component in its entirety.
Global Payments and Bank of the Philippine Islands (BPI) signed agreements to form a joint venture to provide merchant acquiring and payment services Global Payments will contribute its Philippines merchant acquiring assets and cash to the joint venture to secure a majority interest in the partnership. BPI will contribute its existing merchant acquiring business to the joint venture and hold a 49 percent interest. The transaction is expected to close late third quarter or early fourth quarter of fiscal 2015, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Andrey Tikhonov, Chief Operating Officer, of Kaspersky Labs.
Women in China are showing increasing independence in handling their finances. Just over two-thirds reported having their own bank accounts (this ranged from 76% in mainland China, to a low of 47% in Macau), and 48% held their own credit cards.
3Delta Systems(3DSI) has teamed with London-based Enterprise Payment Solutions (EPS) to offer Enterprise Payment Exchange.The solution is a SAP-certified integration for EC-Pay, 3DSI’s buyer-initiated payments solution.
After stiff international competition, Iarnród Éireann Irish Rail has awarded a major multi-million euro modernization program to Cubic Transportation Systems. The system integrator will lead the implementation team and oversee the project management, systems engineering and systems integration capabilities, alongside the delivery of support requirements.