Silicon Valley-based Merchant e-Solutions has named payments industry veteranTom Bell as Chief Executive Officer. Bell was most recently a managing partner at Capellas Partners.
CardWeb.com’s CardWatch database of more than 57,000 marketing items including direct mail, print ads, TV ads, etc. today features the Discover – ” #1 Rewards Program” print ad from 2012.
Discover’s ATM network, PULSE, has launched a consulting service to help financial institutions analyze and improve performance in key areas of their retail banking business in an increasingly competitive marketplace.
Among the nation’s top six credit card issuers charge-offs for the third quarter (Q3/14) of 2.49% are down 51 basis points (bps) year-on-year (Y/Y) and down 15 bps, quarter-to-quarter (Q/Q). However, the trend may reverse in the fourth quarter as delinquency took a turn North in the third quarter.
A mobile payments war is underway big time as Rite Aid and CVS block Apple Pay in favor of the soon to be introduced CurrentC. With CurrentC merchants will not have to pay swipe credit card network fees and will be able to track and instantly reward customers as a result of the lower fees.
Of the initial 500 financial institutions that have signed-up for Apple Pay and the two-thirds majority of credit unions, an estimated 90 of PSCU’s credit union member-owners are at the sponsor level. PSCU says the future of credit union relevance depends on how well credit unions understand and participate in the Millennial Shift and the digital revolution.
Vancouver-based Newnote has purchased a 20% equity position in the crypto-currency payment processor Coinpayments. The company operates a service similar to Coinbase and Bitpay.
Siris Capital Group is ponying up $840 million to acquire Digital River. Digital River is a major global provider of Commerce-as-a-Service solutions.
CardWeb.com’s CardPixes database of more than 7,000 card images today features the ANZ First Visa. The card is issued Australia/s ANZ Bank..
CardWeb.com’s CardExecs da tabase of card industry movers and shakers today features R. Daniel Blanton, Chief Executive Officer of Southeastern Bank Financial Corporation and Georgia Bank & Trust.
The Card Linked Offers (CLO) industry is now intertwined with Visa Europe. Visa Europe and edo interactive are making it possible.
VeriFone Systems and Vantiv have launched their “Secure Your Future Today” campaign to ensure merchants are ready for current and future payment technologies, including Apple Pay.