International (excluding the USA) Purchase Dollar Volume (PDV) for Visa (VS) and MasterCard (MC) credit cards rose 7.4% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in Q1/14 international credit cards PDV growth outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $799 billion in international credit…
Mocapay has hired Chris Munz as director of business development to lead Mocapay’s strategic partnerships and growth. A digital marketing technology expert who has implemented strategies for top-tier companies across various industries for more than a decade, Chris will focus on building strategic partnerships and alliances for Mocapay. Prior to joining the Mocapay team, Chris was a director of sales communication/sales engineer at Fishbowl, Inc. in Alexandria, VA. While at Fishbowl Inc. Chris was also the director of sales and marketing at Quotient Marketing, a company that was acquired by Fishbowl in 2007.
International (excluding the USA) Purchase Dollar Volume (PDV) for Visa (VS) and MasterCard (MC) credit cards rose 7.4% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in Q1/14 international credit cards PDV growth outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $799 billion in international credit…
Diebold reached an agreement to acquire Cryptera A/S, one of the world’s leading companies in the research and development of secure payment technologies. Cryptera will help expand Diebold’s leadership position in ATM security solutions and drive future innovation and excellence in the EPP space. Cryptera was founded in 1985 and has sold more than one million payment solutions globally. It is the top supplier of PIN pads for some of the world’s top manufacturers of ATMs, petrol pumps, self-service and self-checkout devices. Under the agreement, Cryptera will operate as a separate business with its own business plans and scope, and will continue to be an original equipment manufacturer (OEM) of EPP solutions for Diebold and its other existing customers globally. Diebold will leverage Cryptera’s development and product capabilities to expand its OEM customer base and drive thought leadership in security throughout the self-service industry.
Alpha Payments Cloud announced that Sandra Green and Matt Williamson have joined the company to further develop their growing portfolio of international accounts. Sandra and Matt bring with them a wealth of over twenty years in corporate account experience, joining Alpha Payments Cloud from Experian and Transaction Network Services, respectively. Sandra joins Alpha Payments Cloud from Experian, where she headed up the company’s overall global strategy and led the sales teams for eCommerce and Gaming. Matt joins Alpha Payments Cloud from Transaction Network Services, where he ascended through the ranks and played integral roles both in the North American and Asia Pacific regions.
FreedomPay has implemented Credit Union Financial Exchange (CUFX) standards on its Commerce Platform and that Baxter Credit Union (BCU), a flagship CUFX member, has deployed the solution to provide corporate customers with the opportunity to make cashless payments. The CUNA Technology Council initiated the CUFX standards project to address integration issues on behalf of all credit unions. Experts from leading credit unions and top vendors have come together to develop technology standards that will make product and service integration across the credit union industry faster, easier and more cost-effective. CUFX standards will expedite implementations, reduce core costs, speed revenue recognition through faster implementations and ease ongoing support efforts.
Fiserv announced details of four recent core account processing conversions, underscoring its commitment to serve credit unions with solutions that are right for them, coupled with technical knowledge and expertise that enable best-in-class results. Fiserv has partnered with multiple credit unions to develop solution options that fit their unique needs covering In-House and ASP delivery modes with solution bundles that create the most value for credit unions and, in turn, their members. Fiserv implementation experts worked closely with each credit union to deliver account processing conversions that exceeded client expectations. The success of these conversions further reinforces the value that Fiserv delivers to credit unions through its range of account processing options.
Navicure cloud-based healthcare billing and payment solutions partnered with Acculynk to offer a customized payment platform to healthcare providers. Navicure currently helps physician practices, billing companies, and hospitals increase profitability through increased revenue, faster cash flow, and staff productivity, serving over 50,000 healthcare providers nationwide. The new offering is expected to launch in the third quarter of 2014 and will include a platform that delivers a full suite of secure payment solutions for different processing environments. This will provide custom invoice generation, PCI compliance and m-payments.
Oberthur Technologies announced the launch of its new EMV website (www.oberthur.com/emv) to educate U.S. financial institutions and consumers about EMV chip cards. With new state-of-the-art equipment and rapidly expanding capacity, OT is actively involved in more than 50 EMV projects for small, medium and large financial institutions in the U.S. The new website addresses questions and concerns, like: How does EMV work? What is the case for EMV? And, how do I migrate from magstripe cards to EMV cards? OT’s informative website is an important resource for the U.S. payment industry and will continually be updated to reflect EMV progress in the U.S.
M&T Bank has enhanced its commercial credit card line-up by adding chip technology, a new rewards program and a new card aimed at business executives. The introduction of a computer chip into M&T’s commercial cards offers a better point-of-sale experience for cardholders traveling internationally. Commercial cards issued with the encrypted microchips will feature a custom PIN to be used at chip-enabled merchant locations. M&T Bank Corp. is one of the 20 largest U.S. bank holding companies, with more than 700 branch offices and 1,500 ATMs in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and Washington D.C.
WEX payment solutions announced WEX Fleet One was named the provider of co-branded over-the-road (OTR) fuel card services for Sinclair Oil Corporation (“Sinclair”). Sinclair’s selection of WEX Fleet One as its OTR fuel card service provider reflects the strength of the growing relationship between the two companies, as well as WEX Fleet One’s ability to leverage its business network across the WEX organization. The newly co-branded Sinclair OTR cards offer benefits including industry-leading controls, fraud reduction and fuel savings throughout the Sinclair and WEX Fleet One network.