Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

UQUID’s Altcoin Debit Card Captures 40+ Cryptocurrencies

Altcoin fans can now use their favorite cryptocurrencies to load a virtual VISA card, thanks to UQUID. In a world’s first, users can spend over 40 different cryptocurrencies on mobile top ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges, and PIN-less calls. UQUID’s VISA debit card is also the first in the…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…

MasterCard Harnesses AI for the 1st Time to Reduce False Declines

Mastercard unveiled Decision Intelligence solution utilizing artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines.  This is the first use of AI being implemented on a global scale directly on the Mastercard network. Current decision-scoring products are focused primarily on risk assessment, working within…

Concur & China Datacom Target Travel Expense Management Market

SAP’s Concur inked a strategic partnership with China DataCom (CDC), a joint venture between SAP and China Communications Services. Concur is the world’s leading provider of integrated travel and expense management solutions, is the only travel and expense provider in China capable of supporting multinational companies. This supports Concur’s ongoing China Expansion Plan which places…

iATS Ankles Top Exec w/Non-Profit Exp to Head Business Development

Vancouver-based iATS Payments has ankled Daniel Mitchell as Vice President responsible for Sales and Business Development. He will be responsible for leading all aspects of iATS sales and business development, and will work closely with customers and partners to support their success. With over 20 years of sales experience, Daniel has worked with innovators across…

BankAxept Certifies Norway Eika Cards w/INTERAC Flash Technology

Eika Alliance, one of the largest players in the Norwegian financial market, with almost a million customers, has partnered with Oberthur Technologies to launch of the first dual payment card certified by BankAxept. This is the first step for an acceleration of the rollout of contactless payment in Norway. OT’s dual payments card leverages INTERAC…

Three Myanmar CB MPU-JCB Debit Cards Begin Issuance in December

Myanmar-based Co-Operative Bank (CB Bank) Myanmar Payment Union Public Co.(MPU), and JCB International Co. (JCBI), inked a deal to enable CB Bank to start issuing a JCB debit card in December. The CB MPU-JCB Co-Brand Card combines the MPU brand and JCB brand. Cardmembers can use MPU’s nation-wide merchant network in Myanmar and JCB’s international…

Wirecard Hardware + Gastro-MIS Software Optimize Restaurant POS

Wirecard has teamed with food retail specialists Gastro-MIS, a company that already integrated software solutions in more than 4000 cash registers in Germany. Today, card payments are already an integral part of the food service industry. Consumers are increasingly used to carrying less cash and prefer to use more flexible alternatives in restaurants, bars and…

WorldPay Contactless Card Tins & Thyngs Styckers & Poppy Appeal

Worldpay, Thyngs and NatWest have partnered with The Royal British Legion to make it easier to donate to the Poppy Appeal by using the latest payment technology, in a trial taking place across 13 NatWest branches. With many people no longer carrying cash, two new collection tins have been adapted to allow people to pickup…

Lane Crawford Perks-Up China UnionPay Platinum & Diamond Cards

UnionPay International inked a deal with Lane Crawford, a renowned upmarket department store, in offering exclusive privileges for UnionPay platinum and diamond cards at the Lane Crawford physical stores and online flagship store. It is the first time that Lane Crawford offers long-term privileges for bankcards of a specific brand. So far, more than 5.8…