MasterCard has named R. B. Santosh Kumar as country manager, Sri Lanka and Maldives. MasterCard has also announced plans to launch a local representative office in Colombo early next year.
EVERTEC has named former Diebold CEO, Thomas Swidarski to the Company’s Board of Directors as an independent director and member of the Board’s Compensation Committee.
The breadth and depth of the data breaches seen by the world in 2014 was shocking – spanning major banks, e-commerce giants, healthcare giants, casinos and others, exposing hundreds of millions of usernames, passwords and credit card details. However, 2015 may be worse.
USAePay has released their Android App update version 1.3.8. The update version 1.3.8 includes updates such as having the ability to collect location data of transactions and adding a one time purchase.
Houston based P97 Networks, developers of PetroZone, a cloud based mobile commerce and behavioral marketing platform for the convenience and fuel retailing industry, announced today the closing of an $8 million Series A funding.
Prepaid buyers are increasingly younger: 2 in 3 young adults (aged 18-34) surveyed bought prepaid cards, up from 3 in 5 surveyed in 2013. And they are increasingly mobile enabled, as nearly 2 in 3 smartphone owners, 3 in 4 smartphone and tablet owners, and 9 in 10 adults who have paid for goods and services by mobile phone have bought prepaid cards within the previous year.
Japan’s mobile payment service LINE Pay has unveiled v4.8 and has gone global. LINE Pay is a mobile payment service that lets over 170 million monthly active LINE users (on iPhone or Android) make payments for affiliated services or at affiliated shops in an easy and convenient way, regardless of their carrier or OS.
The Chip & Pin deadline will spur an increase in fraud so saith some. The rate of fraud won’t decrease; it will go up to record levels just before the deadline. Afterwards, we will start to see record levels of Card Not Present (CNP) fraud in the U.S., just as it has risen elsewhere Chip and PIN has been adopted.
VeriFone Systems reported net revenues (GAAP) were $491 million for the three months ended October 31st (Q4 FY14). Non-GAAP net revenues for the latest quarter were $491 million, compared to $432 million a year ago, a 13% increase.
New research expects Near Field Communications (NFC)-enabled mobile handset payments will account for $130 billion globally in consumer retail spend by 2020.
Denver-based Coalfire has been updated to include new Payment Card Industry (PCI) Data Security Standards (DSS) that will help large organizations manage their Self-Assessment Questionnaire (SAQ) process.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Margaret Keane, President and Chief Executive Officer, of Synchrony Financial.