PayPal says it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to 3 million shares of PayPal’s common stock at a price of $32.80 per share in cash. The offering price is 4.6 percent below the closing price per share of PayPal’s common stock on September 9, 2015, the last trading day before the offer was commenced. The offer is for approximately 0.25 percent of the outstanding shares of PayPal’s common stock.
BankPlus recently extended its relationship with Digital Insight, an NCR company, for five and a half more years. The bank offers Digital Insight’s suite of SaaS solutions including Online Banking and iOS and Android mobile and tablet banking.
MUFG has ankled Kanetsugu (“Sugu”) Mike to serve as Executive Chairman of the Board of Directors effective October 23rd. Current Executive Chairman Masashi Oka will be Special Advisor to BTMU President Nobuyuki Hirano.
In today’s CardFlash News Que: TIMETRIC (Mexico); SYNCHRONY (volunteers); THREATMETRIX (award); and GEMALTO (award).
More than half of Americans expect a greener outlook in the next six months, and this optimism is strongest among Millennials (70% vs. 64% in 2014). For the second year in a row, employed Americans are reporting that they feel more stable in their jobs than they did a year ago (34% vs. 25% in 2014).
More than eight out of ten cybersecurity expect an increase in mobile payment data breaches over the next 12 months, yet 42% have used this payment method in 2015.
Though millions of EMV”Europay, MasterCard, and Visa”cards have already been issued to cardholders nationwide, an October 1st deadline has been set to deliver any remaining computer chipped cards. With this push comes an opportunity for scammers to use old tricks to install computer malware or phish for personal information via fraudulent emails.
ParkHub.com,has inked Blue Star Payment Solutions as a preferred processing partner within its PRIME mobile point-of-sale (POS) platform. PRIME, which stands for Parking Revenue Inventory Management Enterprise, is purpose built for the unique needs of parking lot attendants and operators.
Barclaycard US has been honored as the Barclaycard Arrival Plus and Barclaycard Arrival being named a “Best Credit Card” by MONEY Magazine as part of its 2015-2016 rankings. This is the first year both cards in the Arrival product suite received this distinction”and will be featured in the October 2015 issue of MONEY Magazine.
NICE Actimize is launching a monthly Anti-Money Laundering Webinar Series starting this October. The first three webinars in the series will focus on vital themes within the AML marketplace: the importance of establishing the right culture to support compliance and regulatory needs; the ongoing fight against bribery and corruption; and finally, the need for consistency in managing risk policies, processes, and procedures.
Master Your Card, a community empowerment program sponsored by MasterCard has formed a new coalition that will work to help financially underserved African Americans build financial strength and gain financial inclusion through the effective use of electronic payment technology.
A new survey reveals a consistent brand experience across channels is one of their top commerce priorities. A customer’s journey is no longer a linear path to purchase it’s now an exercise in connect-the-dots for retailers as they try to piece together customer information, browsing history, inventory visibility and much more to enhance the customer experience.