CardWeb.com’s CardExecs database of card industy movers and shakers today features Souheil Badran, senior vice president and general manager of Digital River World Payments. Digital River is a global provider of Commerce-as-a-Service solutions.
Paris-based Ingenico Group has closed on the acquisition of Amsterdam-based GlobalCollect. The deal announced in July was for US$1.1 billion.
The largest provider of private label credit cards in the U.S. has added Select Comfort to its portfolio. Synchrony Financial (f/k/a GE Capital Retail Finance) signed a multi-year agreement with Select Comfort Corporation for the card program which offers a number of financing options.
Toronto-based FreshBooks, a cloud accounting solution provider, has added its own online payments to its platform. FreshBooks will use the WePay payment processor.
3PEA International is introducing a new brand of prepaid debit cards. The new PaySign cards will reach into other industries, beyond the Company’s current focus on healthcare-related businesses.
Wells Fargo has joined American Express’ OptBlue, the new merchant acquiring program that seeks to expand AmEx U.S. card acceptance among small merchants. The addition of Wells Fargo brings the number of participating acquirers in OptBlue to 12, six of which are in the top 10 in the U.S.
IN-based Allied Payment Network, an online and mobile bill payment services specialist, has introduced an online loan payments option for financial institutions. PortalPay seamlessly operates as a landing page within the bank or credit union’s website.
The Bluetooth Connected Card Platform has picked up interest and funding. MI-based Stratos is the developer of the card which combines all plastic cards into a single, smart, and dynamic card.
CardWeb.com’s CardData financial database projects Visa (VS) and MasterCard (MC) debit card Purchase Dollar Volume (PDV) for the third quarter will slightly increase to $458 billion. MC will report Q3/14 on Oct 30 before the market opens. VS will most likely release its Q3/14 report on Oct 24.
PSCU’s all-night geek competition among credit unions to develop an app concept to address consumer demands and financial service issues is over. The winner is a balance-transfer app that safeguards user’s account information.
First Data announced two promotions and two new hires to its senior leadership team. Among the promotions: Barry McCarthy to lead four strategic businesses including the STAR Network.
Carrier billing mobile payments specialist, Boku, is hoping to take it e-Money to a new level with a new initiative with major U.K. Mobile Network Operators (MNOs). Under hopeful EU re-regulation MNOs will be able expand carrier billing to general purpose purchasing.