CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Dimitrios Karayiannis serves as Chief Development Officer, Executive Vice President of Research & Development and System Solutions of INSIDE Secure.
CardWeb.com’s CardConferences today features the The Southeast Acquirers’ Association (SEAA) Annual Conference, April 20-22 at the New Orleans Marriott, New Orleans. The focus is education and providing information on current issues concerning the “feet on the street” sales agents in the electronic payments industry.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Hawaiian Airlines World Elite MasterCard.
In today’s CardFlash News Que: ETA (Transact); Powa (Nobly POS); CHARGEBACKS911 (Fraud); and VERIFONE (TransFirst).
Clearent is offering mobile payment acceptance solutions to Clearent’s sales partners and merchants. Launched in 2014, SwipeSimple includes encrypted mobile card readers, payment acceptance applications for iOS and Android devices, a real-time reporting and administrative dashboard for merchants and a reseller portal for easy onboarding and portfolio management.
CardWeb.com’s CardData database of Company Profiles today features processor Synchrony Financial. The Company is the largest provider of private label credit cards in the U.S.
Prepaid card king The Bancorp has ankled Gail Ball as Executive Vice President and Chief Operating Officer. Most recently she served as the Head of the Payment Studies Group of the Federal Reserve Bank of Richmond.
Visa’s average ticket (TIX) per point-of-sale (POS) purchase has been rock solid for the past five years. According to CardData, the Visa average TIX for full-year 2014 for credit cards is $84.18 and $37.57 for debit cards, down 60 cents and up 48 cents respectively, compared to 2010.
The nation’s fourth largest Visa and MasterCard issuer ended 2014 with declining outstandings, below industry average purchase dollar volume (PDV) and a slight uptick in delinquencies, but profits remained flat sequentially. Forecaster RAM Research projects Citibank (Citi) will post $64.1 billion in outstandings and $41.1 billion in PDV for the first quarter.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Austin-based Mozido joins in mezzanine funding for IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. The investment will also integrate IdentityMind’s technology into Mozido’s MoTEAF platform, a cloud-based mobile payments ecosystem.
In a continuing effort to exit international consumer banking Citi inks a final deal to unload its Citi Cards Japan business to Sumitomo Mitsui Trust Bank for an estimated US$350 million. The deal, with began negotiations in December, includes 743,000 customer accounts and an exclusive franchise for Diners Club cards in Japan, according to CardData.