Global Payment (GPN) has entered a definitive agreement to acquire Ezidebit. Founded in 1998, Ezidebit is focused on recurring payments verticals in Australia and New Zealand. Similar to Accelerated Payment Technologies and PayPros,
American Express’ U.S. Small Merchant Group has partnered with Birchbox, Bonobos and Rent the Runway to present Online’s Day Off, a two-day event that kicks off with a thought-leadership panel on September 18, followed by a one-day shopping event on September 20.
TSYS and iMobile3 have teamed to facilitate merchants processing transactions from the recently unveiled Apple Pay with the cloud-based PassMarket Platform.. More than10,000 merchants and 5 million consumers are currently using PassMarket-branded mobile storefront applications.
More than three out of four mobile applications will fail basicsecurity tests through next year. More than 90% of enterprises use third-party commercial applications for their mobile BYOD strategies, and this is where current major application security testing efforts should be applied.
CardWeb’s CardExecs database today features Charles Harris, President of NetSpend. NetSpend is a wholly-owned subsidiary of TSYS.
NJ-based Horizon Healthcare Services, the state’s oldest and largest health insurer, is leveraging ACI’s UP Bill Payment solution to power mobile, web, IVR, call center, card and ACH payment options on one integrated payment system.
SD-based Capital Prepaid Services and its bank partners have launched the reloadable BlazePays Visa® Prepaid Card..The new card is currently issued through First Savings Bank of Beresford, South Dakota, and First National Bank of Ft. Pierre, South Dakota.
The payments industry will need to accomodate smartwearable devices quickly. Global retail revenue from smart wearable devices will treble by 2016, before reaching $53.2 billion by 2019, compared to the $4.5 billion expected this year. The market will be driven by an increase in sales of premium smart watches and smart glasses over the next five years.
Two existing payment apps in New York City’s yellow and green taxis, RideLinQ from Creative Mobile Technologies (CMT) and VeriFone’s Way2ride, have to introduce a new and improved passenger payment experience. Now, passengers will have the flexibility to use either app to securely and conveniently pay cab fares using their smartphones in any one of the nearly 20,000 yellow and green taxis in New York City.
Glen Moreno was appointed as Chairman Designate of Virgin Money and will join the Board as an Independent Non-Executive Director and Chairman Designate. Glen Moreno is presently Chairman of Pearson PLC and a Non-Executive Director of Fidelity International Limited. He has more than four decades experience in business and finance. His earlier positions include serving as Deputy Chairman of The Financial Reporting Council, Senior Independent Director at Lloyds Banking Group plc, Senior Independent Director of Man Group plc and Acting Chairman of UK Financial Investments Limited, the company set up by HM Treasury to manage the government’s shareholdings in UK banks.
Visa has deposit $450 million into the litigation escrow account previously established under the Company’s retrospective responsibility plan (the “Plan”). Under the terms of the Plan, when the Company funds the litigation escrow account, the value of the Company’s Class B shares – which are held exclusively by U.S. financial institutions and their affiliates and successors – are subject to dilution through an adjustment to the conversion rate of the shares of class B common stock to shares of class A common stock.
Mobile payments made at the physical point of sale (POS) in Canada could reach US$13 billion by 2017. However, there are near-term challenges to widespread adoption of mobile banking and E-Wallet/P2P payments.