Detroit-based Graphite Payments is offering the necessary hardware to help merchants handle the changes to payment processing standards in the U.S. As of October 1, merchants who have not transitioned to the new, higher security EMV card standard will be responsible for a larger share of the cost in the event of fraud or a customer data breach.
Naples, FL-based ACI Worldwide announced its involvement in several key boards and councils around the globe all with a singular focus of driving industry standards for real-time and immediate payments.
Global Payments (GPN) is offering its merchants in the USA the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider, Global Payments’ robust suite of payment solutions is fully enabled for acceptance, allowing merchants to offer their customers the convenience of Samsung Pay.
First Data supports Samsung Pay, now available for in-store use in the USA. Samsung Pay will be accepted across First Data’s point-of-sale devices, including the innovative Clover family of business management solutions. First Data’s STAR Network, the largest independent debit network, will also support Samsung Pay.
In today’s CardFlash News Que: SYNAPTICS (Vibe P1); TIMETRIC (acquiring); HYPERWALLET (award) and THREATMETRIX (cybersecurity).
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Biff Matthews, President & Founder of Cardware International.
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).
Atlanta-based Payscape has formed its first Board of Directors consisting of co-founders, Adam Bloomston and Jeremy Wing, along with Jon Ziglar, CEO at Parkmobile, LLC, Dan Speight, Vice Chairman and COO at State Bank & Trust Company and Steve Kane, Senior Executive & General Counsel at Sterling Payment Technologies.