The Board of Directors of First Data Corporation announced that Frank Bisignano has been named chief executive officer (CEO) and the board of directors. Previously, Bisignano most recently served as Co-Chief Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the largest providers of banking, lending, treasury, wealth management and investment services that serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, nonprofits and governments. Bisignano also was the chief executive officer for Citigroup’s Global Transactions Services business and a member of Citigroup’s Management Committee and was the Chief Administrative Officer for Citigroup’s Corporate and Investment Bank, a senior executive vice president and Citigroup’s firm-wide deputy head of technology and operations.
USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, highlighted its expanded suite of cashless payment services and next generation ePorts at the NAMA OneShow in Las Vegas last week. Visitors to USAT’s booth were continuous, as customers stopped to learn about the latest mobile payment and consumer engagement tools now incorporated into USAT’s ePort Connect® service for cashless payment and telemetry. The new services are designed to capitalize on the new world of opportunities made possible by connecting businesses to consumers, and consumers to businesses, as industries like vending transition from cash to cashless forms of payment, particularly mobile payment. Through USAT’s new loyalty & prepaid program, business owners have the ability to provide alternative payments capabilities, reach consumers directly, impacting buying behavior before the point of purchase, and reward consumers when they do make a purchase at their machines. The mobile app is designed to integrate with USAT’s loyalty and prepaid program. The mobile app enables consumers to watch how their points accumulate, send loyalty points to friends and locate their favorite vending machines.
Cardlytics analytics and marketing platform has been recognized by The Atlanta Journal-Constitution for a second consecutive year as one of Metro Atlanta’s Top 100 Workplaces. Cardlytics was selected based on employee survey responses that gauged the direction of the company, execution, work conditions, career paths, management, pay and benefits. Companies selected received high marks within these categories. Cardlytics has realized consistent levels of market adoption and growth. By deploying technology within its more than 300 partner financial institutions, Cardlytics can leverage all of a household’s purchases to target and measure marketing in a way that fully protects consumer privacy and financial institutions’ data, while strengthening banks’ relationships with customers.
Vantiv payment processing services and related technology solutions announced Patty Walters, senior vice president of merchant products and security at Vantiv, will serve as a key participant at the Electronic Transactions Association’s (ETA) 2013 Annual Meeting and Expo in New Orleans, Louisiana. Walters will moderate the panel EMV is Coming, What ISOs Need to Know on Wednesday, May 1 at 4:00 p.m. CT in Session Room 2. With more than 25 years of experience, Walters is a widely recognized payments industry veteran specialized in EMV, PCI and terminal security issues. She serves on the EMVco Board of Advisors and the Smart Card Alliance EMV Forum Steering Committee.
MoneyGram and Ukash signed a global agreement that will give Ukash customers the ability to send domestic and international money transfers from the Ukash website and receive it at any of MoneyGram’s more than 310,000 locations worldwide or through MoneyGram’s account deposit channels. The initial service will launch in the U.K. later this year with plans to expand into other markets expected shortly thereafter. Ukash operates in 57 countries and has more than 460,000 points of sale.
Gemalto digital security will provide the swift and seamless migration of Barclaycard Germany’s entire portfolio representing more than 40 credit and in addition three debit products. Gemalto will provide the bank with a complete end-to-end solution encompassing personalization, and fulfillment from its local service center in Germany. Barclaycard is part of the global Barclays banking group and this new contract further extends Gemalto’s partnership with one of the world’s leading payment service providers. Barclaycard has an impressive track record for innovation and an ambitious roadmap for the development of new products and services.
Yodlee announced Mike Armsby has been appointed CFO. Formerly CFO of View dynamic glass for buildings, where Armsby raised over $150 million in company financing, his experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys and the position of CFO for PowerLight. At PowerLight, Armsby managed a successful sale of the company to SunPower where he continued to integrate the businesses and drive significant growth as Vice President of Finance. He holds a master in business administration from Harvard University and a bachelor of science in economics from the Wharton School of Finance from the University of Pennsylvania.
Merchant Warehouse and LevelUp have signed $1 million co-sponsored development fund to support the creation of custom-branded mobile payment apps running on the LevelUp White-Label platform for merchants around the country. Qualifying merchants will be able to tap into the fund to sponsor 25 percent of the cost of a custom-developed LevelUp White-Label mobile payment and loyalty app, along with seamless integration with the Merchant Warehouse Genius™ Customer Engagement Platform. Participating merchants will get financial backing from Merchant Warehouse and LevelUp to cover 25 percent of their development costs for a custom LevelUp White-Label app. This mobile payment app combines the strength of a merchant’s brand with LevelUp’s sophisticated mobile payment, loyalty and security infrastructure.
Shareholders of Diebold elected its board of directors at its annual meeting and declared the second-quarter cash dividend and re-elected company officers. Newly elected directors include Roberto Artavia, chairman of the board, Viva Trust, (Nassau, Bahamas and San Jose, Costa Rica) and Robert S. Prather, Jr., president and chief operating officer, Gray Television, Inc. (Atlanta, Georgia). Re-elected to the board of directors were Patrick W. Allender, retired executive vice president, chief financial officer and secretary, Danaher Corporation, Washington, D.C.; Bruce L. Byrnes, retired vice chairman of the board, Procter & Gamble, Inc., Cincinnati, Ohio Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati, Ohio; Richard L. Crandall, managing partner, Aspen Venture LLC, Aspen, Colorado; Gale S. Fitzgerald, retired president and director, TranSpend, Inc., Bernardsville, New Jersey; Rajesh K. Soin, chairman of the board and chief executive officer, Soin International LLC, Beavercreek, Ohio; Henry D.G. Wallace, executive chairman of the board, Diebold, Incorporated; and Alan J. Weber, chief executive officer, Weber Group LLC, Greenwich, Connecticut.
Access Softek and Geezeo technology innovators announced their partnership, Integrating Access Softek’s mobile banking with Geezeo’s personal finance manager (PFM). Focused on the next generation of mobile banking, this partnership will have a single mobile product that combines complete day-today financial operations with planning and goal management. Access Softek’s Mobile Finance Manager offers extensive functionality including true real-time deposit capture, bill pay, P2P transfers, and more. Incorporating Geezeo PFM capabilities like account aggregation, auto-categorization, and spending alerts gives users ultimate convenience.
Euronet 360 Finance Ltd., a subsidiary of Euronet Worldwide, launched of end-to-end prepaid card issuing, processing and BIN sponsorship solutions in Europe. Euronet 360 Finance Ltd., under the supervision of the UK’s Financial Conduct Authority (FCA), is now providing electronic money and payment services through card issuing, BIN sponsorship and payment card acquiring. By passporting the e-money license across the Single Euro Payments Area (SEPA) territory (except Monaco), Euronet 360 Finance Ltd. is able to issue cards and process transactions across the entire European Economic Area (EEA). Euronet’s complete prepaid card solution provides non-FCA licensed organizations with the ability to quickly, easily and cost effectively enter the prepaid card arena. Euronet’s prepaid card solution include the support of physical and virtual cards, for one-time, gift card or reloadable use with contactless functionality through MasterCard Paypass.
Ingenico payment solutions announced Sterling Payment Technologies added the Ingenico “Telium2” series payment devices for its merchants countrywide. Sterling will begin rolling out Ingenico’s iCT220 and iCT250 bankcard countertop terminals, and iPP220 and iPP320 PIN pads to address EMV chip-based smartcard technology as playing a key role in helping all types and sizes of U.S. merchants mitigate fraud risk during card present transactions. Expanding its current portfolio of POS products with a new line of EMV-ready payment devices that would enable merchants to securely accept all forms of payment, including chip card transactions, became mission critical for Sterling.