Fiserv has promoted Marc West as president of its Digital Channels business. In this role, West will oversee strategy, product management and marketing for a range of digital banking solutions, including the flagship Corillian Online banking and Mobiliti mobile banking product sets.
Pittsburgh-based GiftCards.com has teamed with CashStar, the digital gifting company preferred by the world’s leading brands. Under the terms of the agreement, GiftCards.com is leveraging the CashStar Exchange solution, which provides real-time access to the CashStar merchant network featuring more than 200 brands.
The Bitcoin disruption to Western Union and Xoom paradigms are real as Bitcoin continues to thrive. Bypassing the expensive fees and onerous regulatory requirements of international correspondent banking channels, the backbone of global money transmission today, Bitcoin-backed remittance evangelists claim they will both do good and make a profit.
Staples has rolled-out a world-class platform that makes it easy for suppliers to offer products to Staples customers. Staples Exchange, Staples’ new e-commerce platform for vendors, features user-friendly dashboards with real time and historical reporting.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Carr, Chairman and Chief Executive Officer of Heartland Payment Systems (HPS).
PSCU credit unions have saved more than $100 million in declined fraud transactions over the past 12 months. Industry-wide, credit unions have incurred expenses from card reissuance and fraud totaling $87.4 million between the Target and Home Depot breaches.
The non-profit trade association dedicated to the advancement of electronic payments and electronic commerce has added EyeLock, a marketer of iris-based identity authentication solutions, to the Board of EFTA members.
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8%, will undoubtedly send the stock market to record highs today. The news from the BLS dovetails with the marked increase in payment card spending showing up on the nation’s top four networks in 2014.
Seal Beach, CA-based MagTek has unveiled the QwickPAY Pro payment solution for retail and restaurant owners’ iPads. It is available for free in the App Store, and it works with MagTek’s Made-for-Apple certified mobile card readers, secured by MagneSafe.
The world’s largest bitcoin payment processor has integrated with a mobile investment platform available worldwide. The deal between BitPay and DriveWealth will become the first financial services company to allow users to fund their account with bitcoin.
NY-based Shield Cards says it is currently manufacturing a new method of protection that does not necessitate replacing the user’s wallet or passport holder. Shield Cards are lightweight, economical, and can fit in any wallet or card carrier.
The Commodity Futures Trading Commission (CFTC) has approved the National Futures Association (NFA) prohibition of credit cards to fund retail Forex accounts.