A mobile payments war is underway big time as Rite Aid and CVS block Apple Pay in favor of the soon to be introduced CurrentC. With CurrentC merchants will not have to pay swipe credit card network fees and will be able to track and instantly reward customers as a result of the lower fees.
Of the initial 500 financial institutions that have signed-up for Apple Pay and the two-thirds majority of credit unions, an estimated 90 of PSCU’s credit union member-owners are at the sponsor level. PSCU says the future of credit union relevance depends on how well credit unions understand and participate in the Millennial Shift and the digital revolution.
Siris Capital Group is ponying up $840 million to acquire Digital River. Digital River is a major global provider of Commerce-as-a-Service solutions.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features R. Daniel Blanton, Chief Executive Officer of Southeastern Bank Financial Corporation and Georgia Bank & Trust.
MI-based North American Bancard (NAB) has swallowed up Electronic Payment Exchange (EPX) for an disclosed amount. NAB is among the nation’s top payment services companies and the leading provider of the PayAnywhere suite of mobile point of sale solutions. EPX is a global, full-service credit card, debit card, stored value, and electronic check payment transaction processor.
MasterCard has launched the MasterCard Nearby App enabling on-the-go consumers to easily find the more than 220,000 merchants in the U.S. – including Subway, Toys R’ Us, Walgreens, Whole Foods Market and all Apple Store retail locations – that accept contactless payments.
Online marketplace Etsy is out to get Squared-off . The firm will start offering free credit card readers to some of its U.S. sellers as part of an effort to extend its reach beyond the Internet.
Australia’s largest retail bank serving over 12 million customers updated their new Westpac Global Currency Card product, a multi-currency reloadable Visa prepaid card aimed at travelers and online shoppers.
SMBs (small to medium-sized businesses) are now receiving a device that brings the future of retail technology right into their stores: the Perka beacon. First Data has enhanced the Perka mobile loyalty solution with a small, low-powered device that communicates wirelessly with the Perka app, enabling increased customer engagement and a faster, more personalized retail experience.
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features Donna Bland, Chief Executive Officer and President of The Golden 1 Credit Union. Golden 1 Credit Union is California’s leading financial cooperative, and the sixth largest credit union in the U.S. with more than $8 billion in assets and over 600,000 members.
This week Deluxe acquired Wausau Financial Systems in an all cash transaction for $90 million, net of cash acquired. Wausau provides software-based solutions for receivables management, lockbox processing, remote deposit capture and paperless in-branch solutions to a broad list of financial institutions, utilities, government agencies and telecommunications companies.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the Harley-Davidson Visa card. The card is issued by U.S. Bank.