Bancolombia and First Data have inked a deal to integrate and strengthen their technology platforms in order to improve and diversify services for business owners in Colombia. The companies will focus on building commerce technology solutions for merchants and facilitating access to the banking system, offering advanced technology and secure, efficient transactions. First Data and…
Total Merchant Services has unleashed Groovv Online Payments, a secure, cloud-based solution that enables omni-channel payment acceptance for small businesses. The solution makes it possible for merchants to accept payments made by phone, mail or online, as well as via recurring automatic payments – all through one central tool and for one low monthly fee. …
Societe Generale Group has acquired a stake in the share capital of TagPay, a French FinTech specialized in mobile digital banking. TagPay is currently being rolled out in several of the Group’s African subsidiaries: a mobile recovery solution implemented by Manko in Senegal, merchant payments in Ivory Coast tested at Shell service stations, as well…
JCB has teamed with the National System of Payment Cards (NSPK), a subsidiary of Central Bank of Russia, to issue co-badged Mir/JCB cards that can access to the Mir merchant network in the Russian Federation and JCB’s global network with about 31.1 million acceptance locations. Mir is the Russian national payment brand operated by NSPK,…
CPI Card Group has ankled Tom Knaus as vice president and general manager of Financial Card Operations in Nashville, TN. Knaus brings more than 25 years of experience to the role, in which he will lead CPI’s Nashville-based personalization and fulfillment operations, managing teams responsible for the fulfillment of banking cards for over 4,000 U.S.-based…
An affordable and self-administered web and mobile marketing and loyalty platform for businesses will be released in September. For less than $20 a month, the forthcoming Klosebuy platform is designed to increase sales and profitability, including mobile marketing, digital advertising, direct customer communication, a loyalty points program, and an online points redemption catalog. KloseBuy was…
To accelerate digital commerce globally Visa announced plans to open a new office in Silicon Valley. The new 62,000 square foot facility, located in Palo Alto, will be a combination of office and collaboration spaces for approximately 300 Visa employees focused on technology research, business intelligence, data security and merchant solutions. The Palo Alto office…
MasterCard unveiled the foundation for the future of commerce with the new Masterpass global digital payment service. This enhanced solution enables consumers to look no further than their own trusted bank or credit union to make fast, simple and secure digital payments – across devices and channels – anywhere they want to shop be it…
National Gift Card Corp. (NGC), a B2B gift card solution partner with more than 450 gift card options for use in the U.S., Canada and Europe, released its mid-year gift card redemption statistics for U.S.-based loyalty programs. • Nearly three-quarters of all gift card redemptions in loyalty and rewards programs come from just three categories:…
Grasp Technologies reports its business travel payment solution, GraspPAY now seamlessly integrates with Concur, an industry first. As one of the world’s leading automated corporate travel and expense management solutions, Concur is widely used by travel managers to manage travel bookings and expense reconciliation. GraspPAY automates not only the process of issuing single-use virtual card…
YapStone has ankled Arjun Thusu has as Chief Security Officer. Prior to YapStone, Thusu was the Chief Security Officer for Worldpay (Americas) where he built a world-class security team from the ground up, managed a multi-million dollar budget, and oversaw all aspects of information security. Prior to Worldpay, he held management positions at Home Depot,…
E-commerce, m-commerce and social purchases have dominated the headlines as top vehicles and drivers for consumer purchases for the past decade. Today, a new “contextual” consumer is in town whose reliance on IoT and other mobile devices creates an environment for greater impulse purchases. Almost 1 in every 2 dollars spent online will come from…