Mozido has finalized the acquisition of digital commerce company, CorFire, with Mozido owning 80% of the company. Through this acquisition, Mozido increased its capabilities by incorporating CorFire’s technology platform and blue chip customer base including many of the largest mobile network operators (MNOs) around the world collectively serving more than 1.5B subscribers.
Shift4 has unloaded to the payments market VT4, the most secure, flexible, and feature-rich mobile point-of-sale solution. Following exclusive use with select merchants, including the PGA TOUR, VT4 is now available to merchants in the United States, Canada and the Caribbean.
New research shows nearly three in five consumers reported that they have not yet received a new chip-enabled card. Also, 67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them.
U.S. Bank Corporate Payment Systems has ankled Jeffrey Jones as president, succeeding Kurt Adams, who left the bank earlier this month. A 32-year U.S. Bank veteran, Jones has been head of its Global Treasury Management group since 2001. His appointment is effective today.
MasterCard is actively involved in the International Day of Peace for today September 21st. Many companies are donating television and digital media channels to drive support for the United Nations World Food Program (WFP), the frontline agency fighting hunger.
As payment networks mull facilitating transactions from automobiles there are security concerns now being aggressively addressed. Giesecke & Devrient and IBM are teaming up to work on a new connected vehicle security solution with the intent to make car hacks much more difficult in the future.