Bankrate is acquiring Wallaby Financial. Wallaby’s proprietary CardBase database includes more than 2,400 credit cards offered by over 500 financial institutions and is the ideal companion for every digital wallet solution.
Citi Ventures has formed a partnership with Plug and Play Tech Center to expand Citi’s accelerator efforts in the U.S., Germany, Singapore, Brazil and Spain. This program will utilize Citi’s global lab network while building on its first FinTech accelerator, launched in Tel Aviv, Israel in 2013.
Big data specialist Apixio has named Maya Capur as its Vice President of Customer Operations. Capur will join the company’s executive team and lead the development and expansion of Apixio’s customer success and operations activities.
Compass PlusCompass Plus announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs). This new partnership with Futurex, a provider of secure, robust, and cost-effective data encryption security solutions, has extended the list of HSMs now supported by the TranzAxis payment platform. Compass Plus’ distributor in the Latin American and Caribbean region, during the migration of Global Processing Centre in Antigua (GPC) to TranzAxis. The certification has enabled customers, including GPC, to utilise Futurex HSMs for EMV data preparation and the card issuance process, as well as the secure authorisation and communication of sensitive data for Visa, MasterCard and UnionPay EMV cards.
CardWeb.com’s CardExecs database today features Kenneth Chenault, Chief Executive Officer of American Express.
Fortumo mpayments signed partnerships with global smartphone manufacturers Oppo Electronics and Gionee. Fortumo’s direct carrier billing solution will be implemented for payments in the manufacturers’ app stores and Fortumo’s app catalogue becomes available for device preloads.
The ClickPay and NovelPay merger has added billions of dollars of processing by expanding its sales efforts nationally, upgrading processing capabilities, adding new products, and enhancing its technology infrastructure. Since the merger last year ClickPay has also increased its processing volume by over 600%.
E-Commerce in the Middle East region has grown significantly in recent years, and is prepared for a boom, as internet connections spread and the population becomes more familiar with online shopping. Growth rates of around 20% per year are expected for the next few years.
Fusion Network and Mobile Strategy Partners have teamed to integrate MSP Account Opening with ClickSwitch. The combined solution affords leading financial institutions seamless support for acquiring new accounts and relationships from shopping through switching.
The iView mobile car service app, “Taxi 24/7,” will now allow passengers to pay their taxi driver by inserting their bank card into an iZettle Chip &PIN reader. This allows black cabs to go cashless to allow consumers to pay with their card leading up to the holiday season.
CardWeb.com’s CardPixes database of more than 7,000 images today features the JPM Chase Disney Debit Visa.
Discover has embarked on another antitrust lawsuit against Visa, this time over PIN debit. The lawsuit alleges that “Visa has a long history of making sure that PIN debit does not predominate, including undertaking illegal behavior to fend off competitive threats to its debit network services monopoly.”