Chase Paymentech, the pioneer of the acceptance of new payment methods, including PayPal, Bill Me Later and Green Dot, reported $209.0 billion in Q2/14 dollar volume. Chase Paymentech’s customer base includes 280,277 merchants with 552,191 locations.
Skrill Group appointed Neil Ward as Group Chief Product and Marketing Officer (CPMO). This new position has been created in order to deliver insight-driven customer value via an aligned product and marketing strategy. Neil will be based at Skrill Group’s global headquarters in London. Ward joins Skrill Group from Skype, where he held the position of Senior Vice President and General Manager of Global Business Operations, overseeing the delivery of user experience and operational delivery in more than 140 countries. Prior to joining Skype, Neil was General Manager of Business to Business Services at BT Group plc and he previously worked in a range of senior sales, marketing and operations positions with organisations including Affinity Cards, Virgin Media, Havas Advertising and Adidas.
To lighten the weight of a pilot’s wallet, EPIC cardholders can utilize the iGo EPIC app to transact with a digital card and access account-specific pricing for Preferred EPIC Card FBO locations. The EPIC Card can now be presented at thousands of fixed-base operator (FBO) locations globally that process through the U.S. Bank Multi Service Aviation Network.
A major provider of payment processing, risk and alternative payments, and a leading cloud call center management service provider have agreed a global partnership. The EasyPay product offers a secure transaction service while removing the need for call centers to have onerous annual PCI audits.
The I Works scam continues to haunt CardFlex. In December 2010, the FTC charged I Works with scamming consumers out of more than $275 million via deceptive “trial” memberships for bogus government-grant and money-making schemes.
Across Asia Pacific, clients are demanding flexible solutions that can integrate with a variety of back-end payment systems with minimal disruption to day-to-day operations. BofA and GPAP have come to rescue.
Ingenico announces its latest client, Banco del Bajío Bank implemented its smart terminals as part of the bank’s nationwide update and expansion of its installed base. As part of that expansion BanBajío has deployed Ingenico countertop and wireless smart terminals across Mexico to offer customers secure payment. The solutions feature the most advanced payment technologies (including NFC/contactless) and satisfy the latest transaction security requirements.
GlobalPlatform announced Bruno Benteo, Vice President Innovation at Morpho Business Solutions Division, has been appointed as its new Systems Committee Chair. The GlobalPlatform Systems Committee defines open specifications that can be used for the back-office infrastructure for the deployment and management of one or more embedded applications on secure chip technology. Within his role as the Systems Committee Chair, Bruno will drive the ongoing work of the group to develop an end-to-end simplified framework. Over the next 12 months Bruno will lead the Systems Committee’s efforts to advance the GlobalPlatform Compliance Program to certify the functional behavior of a product against the requirements outlined within the end-to-end framework. In addition, the Systems Committee is developing an end-to-end testing program, which tests all elements of an end-to-end solution including the SE, handset and point of sale, to ensure that an application can be securely deployed in a mobile handset and perform for the end user as specified.
Payleven m payments company dropped its fixed pay-as-you-go transaction fees for their UK customers that process more than £2,500 per month. With the new pricing model, transaction fees start at 2.75% and drop to as little as 1.5% in three simple steps. The more card payments a merchant processes, the lower the fees. A small business, which processes more than £2,500 per month and less than £5,000 using payleven, will pay transaction fees of 2.25%. When processing more than £5,000 and less than £7,500 per month fees will decrease to 1.75% and when processing over £7,500 per month fees will decrease to 1.5%. The rate reduction applies to all current cards accepted by payleven and the transaction fee is automatically calculated. Cost savings will directly be paid back to the customer the following month.