Yodlee announced Mike Armsby has been appointed CFO. Formerly CFO of View dynamic glass for buildings, where Armsby raised over $150 million in company financing, his experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys and the position of CFO for PowerLight. At PowerLight, Armsby managed a successful sale of the company to SunPower where he continued to integrate the businesses and drive significant growth as Vice President of Finance. He holds a master in business administration from Harvard University and a bachelor of science in economics from the Wharton School of Finance from the University of Pennsylvania.
Merchant Warehouse and LevelUp have signed $1 million co-sponsored development fund to support the creation of custom-branded mobile payment apps running on the LevelUp White-Label platform for merchants around the country. Qualifying merchants will be able to tap into the fund to sponsor 25 percent of the cost of a custom-developed LevelUp White-Label mobile payment and loyalty app, along with seamless integration with the Merchant Warehouse Genius™ Customer Engagement Platform. Participating merchants will get financial backing from Merchant Warehouse and LevelUp to cover 25 percent of their development costs for a custom LevelUp White-Label app. This mobile payment app combines the strength of a merchant’s brand with LevelUp’s sophisticated mobile payment, loyalty and security infrastructure.
Shareholders of Diebold elected its board of directors at its annual meeting and declared the second-quarter cash dividend and re-elected company officers. Newly elected directors include Roberto Artavia, chairman of the board, Viva Trust, (Nassau, Bahamas and San Jose, Costa Rica) and Robert S. Prather, Jr., president and chief operating officer, Gray Television, Inc. (Atlanta, Georgia). Re-elected to the board of directors were Patrick W. Allender, retired executive vice president, chief financial officer and secretary, Danaher Corporation, Washington, D.C.; Bruce L. Byrnes, retired vice chairman of the board, Procter & Gamble, Inc., Cincinnati, Ohio Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati, Ohio; Richard L. Crandall, managing partner, Aspen Venture LLC, Aspen, Colorado; Gale S. Fitzgerald, retired president and director, TranSpend, Inc., Bernardsville, New Jersey; Rajesh K. Soin, chairman of the board and chief executive officer, Soin International LLC, Beavercreek, Ohio; Henry D.G. Wallace, executive chairman of the board, Diebold, Incorporated; and Alan J. Weber, chief executive officer, Weber Group LLC, Greenwich, Connecticut.
Access Softek and Geezeo technology innovators announced their partnership, Integrating Access Softek’s mobile banking with Geezeo’s personal finance manager (PFM). Focused on the next generation of mobile banking, this partnership will have a single mobile product that combines complete day-today financial operations with planning and goal management. Access Softek’s Mobile Finance Manager offers extensive functionality including true real-time deposit capture, bill pay, P2P transfers, and more. Incorporating Geezeo PFM capabilities like account aggregation, auto-categorization, and spending alerts gives users ultimate convenience.
Euronet 360 Finance Ltd., a subsidiary of Euronet Worldwide, launched of end-to-end prepaid card issuing, processing and BIN sponsorship solutions in Europe. Euronet 360 Finance Ltd., under the supervision of the UK’s Financial Conduct Authority (FCA), is now providing electronic money and payment services through card issuing, BIN sponsorship and payment card acquiring. By passporting the e-money license across the Single Euro Payments Area (SEPA) territory (except Monaco), Euronet 360 Finance Ltd. is able to issue cards and process transactions across the entire European Economic Area (EEA). Euronet’s complete prepaid card solution provides non-FCA licensed organizations with the ability to quickly, easily and cost effectively enter the prepaid card arena. Euronet’s prepaid card solution include the support of physical and virtual cards, for one-time, gift card or reloadable use with contactless functionality through MasterCard Paypass.
Ingenico payment solutions announced Sterling Payment Technologies added the Ingenico “Telium2” series payment devices for its merchants countrywide. Sterling will begin rolling out Ingenico’s iCT220 and iCT250 bankcard countertop terminals, and iPP220 and iPP320 PIN pads to address EMV chip-based smartcard technology as playing a key role in helping all types and sizes of U.S. merchants mitigate fraud risk during card present transactions. Expanding its current portfolio of POS products with a new line of EMV-ready payment devices that would enable merchants to securely accept all forms of payment, including chip card transactions, became mission critical for Sterling.
Identive Group solutions and services for the identification, security and RFID industries, received orders for four million near field communication (NFC) tags to support two large new customer projects. Three million NFC Type 2 tags will be used for a mobile retail application in France and one million NFC TOM™ (Tag on Metal) phone stickers will enable a banking and payment program in Africa. 800,000 of the NFC tags and all of the NFC phone stickers are scheduled to ship during the current quarter. Also the Company’s “Tagtrail” mobile services delivery platform is currently deployed by a leading European mobile network operator (MNO) to drive mobile marketing campaigns in Germany. Tagtrail allows customers to tap their phones to Identive’s NFC tags and receive information about loyalty program benefits, new service offerings and where to find participating merchants and retailers.