Prepaid card specialist, Blackhawk Network, has inked a deal to acquire Parago for about $290 million. Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees has more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
CardWeb.com’s CardData financial database projects that among the four top U.S. payment networks Gross Dollar Volume (GDV) for the third quarter will rise 2.9% to $1195 billion; Purchase Dollar Volume (PDV) will rise 8.27% to $1077 billion, and Cards-in-Force (CIF) 2014 will rise slightly to 1200 million at the end of the third quarter.
Fifth Third Bank has created a new payments and commerce solutions division. The new unit will be headed by Randy Koporc as executive vice president and head of Fifth Third Payments and Commerce Solutions.
m-Payments may have a new meaning instead of mobile payments. Due to onerous payment obstacles by financial institutions, the emerging marijuana payments may be the relatively new and lucrative m-Payments market.
A new consumer survey has found 90% credit cardholders who asked their credit card issuers to waive a late payment fee were successful. Furthermore, about 66% of cardholders who asked for a lower interest rate were approved.
CardWeb.com’s CardExecs database today features Sebastian Siemiatkowski Chief Executive Officer of Klarna. Stockholm-based Klarna was founded in 2005 with the idea to simplify buying and is now one of Europe’s fastest growing companies.
VeriFone’s UX Solutions series of unattended payment devices has achieved an industry-first certification to Canada’s first and only contactless debit payment solution, the Interac Flash 1.5 contactless payment specifications.
Paris-based Atos and US-based NGDATA have introduced a Big Data omni channel solution for banks worldwide. The solution is built on Canopy’s Data Platform and underpinned by big data machine learning capacities, banks can target their customers more effectively, enhance customer loyalty and strengthen their output.
San Francisco-based NerdWallet, a bootstrapped company with more than 100 employees, has ankled a former LinkedIn senior executive to serve as Vice President of Engineering and Operations.
CardWeb.com’s CardPixes database of more than 7,000 card images today features Suncorp Clear Options Visa issued Citigroup Australia. The card is both Chip & PIN as well as offering the Visa payWave feature.
Miami-based CenPOS has certified its payment-processing platform to First Data’s Global Merchant Acquiring solution. This new payment offering enables merchants around the globe to sell in different markets and collect monies in multiple currencies.
Experian released a new study with the Ponemon Institute on data breach preparedness which found that executives are concerned about the effectiveness of their data breach response, despite taking the basic steps to be prepared.