Berger & Montague announced an historic $7.25 billion settlement on behalf of a class of approximately seven million merchants in the United States with payment card networks Visa and MasterCard and with JPMorgan Chase, Bank of America, Citibank, Wells Fargo and Capital One card-issuing banks. Berger & Montague, P.C. was appointed by the United States…
Business owners can now visit a single website to streamline business operations and enhance productivity with the MasterCard Business Network. The MasterCard Business Network is powered by Rearden Commerce’s Deem commerce platform to furnish a personalized and highly-relevant purchasing experience to enable small and middle-market business owners to better manage their cash flow and expenses. It features integrated modules that expand purchasing power to save money on business supplies, simplify and improve T&E planning and streamline expense management to give these business owners a competitive edge. The modules focus on Purchase; Travel and Dining; and Expense.
Heartland Payment Systems appointed Ian M. Drysdale president, network solutions to oversee Heartland’s growth in retail, petroleum and ecommerce markets. He was most recently with WorldPay over the preceding five years as senior VP, product and industry relations. Prior to that, Mr. Drysdale held several executive positions of increasing responsibility during 12 years with First Data Corporation. He holds a Bachelor of Arts in political studies with a minor in business administration from Bishop’s University (Canada) and a Master of Business Administration from Florida Atlantic University.
Clear2Pay next generation payment solutions and FIME consulting and market integration testing services for smart devices and secure chip-based applications extended their partnership to support US financial institutions and processors with a swift and reliable migration to the EMV standard. Globally, a significant number of countries have already adopted the technology and many more are in different stages of their migration. With the recent American Express, Discover, MasterCard and Visa EMV mandates and timelines, the United States’ EMV migration project now looks certain.
The Small & Medium Business (SMB) segment is increasingly gaining prominence among tech companies such as NCR Corporation. As numerous SMBs are still using back-dated and time-consuming systems for payment, sales tracking and inventory management, records maintenance and key data review, NCR was quick to target this opportunity with its NCR Silver product. As a point-of-sale (POS) software platform, Silver provides easy-to-use and cost-effective cloud-based solutions that enable small business owners and entrepreneurs to manage their payments effectively and helps them to better manage their POS solution. The business platform runs with equal ease on the iPad, iPhone and iPod Touch.
Discover announced its cards are now accepted at Neiman Marcus luxury retailer and Bergdorf Goodman stores in Manhattan, giving cardmembers Cashback Bonus on all purchases made at these stores. Neiman Marcus became a Discover Cashback Bonus partner allowing Discover cardmembers to redeem their cash rewards for Neiman Marcus gift cards that could be used in-store, at NeimanMarcus.com, Last Call, Bergdorf Goodman, Cusp and Horchow.
Chad Borton has been appointed senior VP, head of Retail Banking for the Company with Fifth Third. Borton comes to Fifth Third from JP Morgan Chase where he held a number of senior management positions including Consumer Bank CFO, head of the Retail Distribution Network responsible for expanding Chase’s branch and ATM network nationally and Retail Market Manager for Chase’s branch network in several Ohio markets. Most recently he served as head of Branch Administration where he was responsible for managing more than 1,000 employees in the delivery of branch operational support for 5,500 retail branches. Borton will report directly to Steven Alonso.
VantageScore Solutions credit scoring model has been named a “Preferred Partner” by the National Association of Federal Credit Unions (NAFCU) Services Corporation, making it the only credit score developer to receive such a distinction. It has been designated a key provider of services to credit unions to help support their growth and productivity and will be providing NAFCU members and other credit unions with critical resources including research-driven white papers, and will offer a wide variety of educational content related to credit scoring through webinars, webcasts, podcasts and other channels via a landing page on NAFCU’s website.
MerchantAccountReviews.biz reviews most of the well-known iPhone payment apps, such as the Square reader. These free devices that attach to a user’s smartphone are especially convenient for both buyers and sellers. Craftspeople, outdoor vendors, nightclub owners and artisans can now accept fast, secure credit card payments in lieu of cash. Non-profit groups can also benefit from accepting online credit card payments, because online merchant accounts allow for accurate recordkeeping.
Mobey Forum industry association driving the evolution of a sustainable and prosperous mobile financial services (MFS) ecosystem has expanded with Mobey Forum North America, a new arm of the association created specifically to address industry issues facing the region. The North American Chapter brings together key players in the marketplace to work through issues impacting the mobile financial ecosystem’s future and accelerate the development of sustainable MFS in this region. Members from American Express, Bank of America, Capital One, CIBC, MasterCard, TD Bank Group, US Bank and Visa, gather together to deliver sustainable, long-term mobile services to the mass market. It welcomes members from any supervised payment institutions, technology companies and mobile network operators.
Travelex “Outsourcing” is expanding target marketing in Malaysia, Singapore and Australia with managed payments connectivity solutions from Transaction Network Services. In doing so, TNS is providing Travelex a regional host connectivity and network access points for transactions between Travelex POS and its corresponding, customer financial institutions in various countries to enable Dynamic Currency Conversion (DCC) across the Asia Pacific region. With TNS, Travelex and its customers benefit from secure end-to-end managed connectivity utilising a PCI DSS certified backbone network. Travelex will also be using “TNSonline” network management portal for real time view of network and transaction performance for reporting and troubleshooting.
Diebold has appointed John Ennis country manager, U.K. and Ireland to lead sales and service activities and execute the company’s growth strategies in that region. He will also lead efforts in continuing to strengthen Diebold’s position in the U.K. and Ireland, relying on the company’s global expertise and extensive solutions portfolio. Ennis gained 20 years of experience in the financial self-service industry, holding several senior management positions in the banking and supplier sectors. He has spent the past 10 years working in a global services and product company where he developed a thriving business within the U.K. banking sector, also leading the development of global banking accounts.