Discover bests the four top Visa and MasterCard issuers with solid growth in outstandings. However, Discover’s gross dollar volume (GDV) rose 6% to $31.7 billion, compared to $28.1 billion in Q1/14 and $29.7 billion in Q2/13. Volume growth was lackluster compared to the Big 4 Visa and MasterCard issuers.
Sequent Software appointed Andrew Doyle Managing Director for EMEA.Here he will be responsible for directing and accelerating the growth and presence of Sequent’s expanding business in Europe, the Middle East and Africa. He will be based in London. Doyle has delivered consistent, significant organizational growth as well as driven sales in new markets. He comes to Sequent most recently from Oberthur Technologies, a French secure technology company that provides digital security solutions for the mobility space. As Head of Sales Solutions for Europe, Russia and CIS, Doyle was responsible for Oberthur’s strong new business growth in those markets as well as the management of internal channels through other divisions of the company.
Raphaels Bank Card Services has secured a significant contract with The Post Office to issue a new prepaid MasterCard – the Post Office Money Card. An alternative to the traditional bank account associated debit and credit cards, the Post Office Money Card has been designed to help consumers budget effectively as only the amount loaded to the card by the customer can be spent. The card is designed for usage within UK to pay for goods and services both online or on the high street and to withdraw cash from ATMs, wherever the MasterCard logo is displayed. Raphaels Bank will issue the Post Office Money Card Pay As You Go and Pay Monthly which can be topped up in over 11,500 branches,
Robert Selander joins the Western Union Board. Selander was CEO of MasterCard Incorporated and MasterCard International from April 1997 until July 2010. Before joining MasterCard in 1994, Mr. Selander spent two decades with Citicorp and Citibank.
UK workers are frustrated with cash payments providing a better case for contactless payments. Although cash usage has dropped overall in the last five years and cards are widely accepted, Brits still rely on cash for smaller payments. Already 1 in 4 people in the UK already have a contactless card. There are now over 300,000 terminals accepting contactless payments in the UK.
Cardtronics will acquire Welch ATM for $160 million. The combined company will support a global portfolio of 109,600 ATMs, including 92,500 conveniently located retail ATMs in the United States. The combination of Cardtronics and Welch ATM will bring together two top-performing retail ATM services providers, with complementary customer bases and sales capabilities. Cardtronics has demonstrated success placing ATMs with national chain retailers and forming ATM branding relationships with national and international financial institutions. Welch ATM has established its core strength around delivering ATM services to mid-market retailers and ATM branding to mid-tier banks and credit unions. The combined business will be positioned to accelerate revenue growth, achieve cost synergies, create additional value for its retailer and financial institution customers, and drive shareholder value. Welch ATM is a nationwide retail ATM and financial technology services provider, with more than 26,000 ATMs under its management.
Heartland Payments Systems expands into the parking services industry with a major SP+ deal. Heartland is now the largest third party payment network provider in the parking industry. SP+ manages more than 4,200 parking facilities containing approximately 2.1 million parking spaces in hundreds of cities across the U.S. and Canada.
Happy Belly Curbside Kitchen serves fresh, organic and local cuisine to Atlanta-area customers from its lime-green food trucks. They have implemented the NCR Silver mobile point-of-sale to help grow its “farm to street” business. The NCR solution is iPad based for small businesses. NCR Silver tablet POS runs in the cloud, uses consumer-friendly technology, and works on Apple devices running the latest iOS.
Allied Wallet payment gateway, has been selected for the 2013 United States Excellence Award by the US Trade & Commerce Research Institute (USTCRI). This is because Allied Wallet LTD has consistently demonstrated a high regard for upholding business ethics and company values. This recognition by USTCRI marks a significant achievement as Allied Wallet continues to emerge as a leader in its industry. By setting new benchmarks and forming new standards for security and functionality, Allied Wallet is able to provide a better solution for its merchant base.As part of the industry research and business surveys, various sources of information were gathered and analyzed to choose the selected companies in each category. This research is part of an exhaustive process that encapsulates a year long immersion in the business climate of the United States economy.
Wells Fargo takes its Commercial Card Expenses Reporting service to a new level with a new app. The new Wells Fargo CEO Mobile app enables users to upload paper receipts for processing and reimbursement by simply snapping their photos.
Alliance Data Systems private label credit card loans soared double digits in the second quarter. The ADS Epsilon unit was up 8% year-on-year. The ADS LoyaltyOne segment now consists of the AIR MILES Reward Program in Canada, the recently acquired BrandLoyalty, which operates primarily in Europe and a new JV with dotz in Brazil.
MasterCard UK & Ireland has hired Scott Abrahams to lead its Acceptance team as Group Head of Acceptance UK and Ireland.Scott joins from American Express where he was responsible for customers such as British Airways, Emirates, Air France and Hilton. This new hire will enable MasterCard to continue to implement the technological and innovative solutions needed to make UK and Irish payments easier, convenient and even more secure for both the merchant and the consumer.