ampm, BP’s popular West Coast convenience store franchise, agreed to offer MoneyGram’s full suite of consumer products at participating ampm locations in the Western United States, the companies announced. With this, BP is promoting MoneyGram’s money transfer services, bill payments, money orders and prepaid cards to its network of more than 950 ampm franchises throughout Arizona, California, Nevada, Oregon and Washington.
VeriFone Systems appointed Marc E. Rothman executive vice president and chief financial officer and Jay Parsons senior VP, digital media and taxi operations. Rothman joined Motorola through the acquisition of General Instrument in 2000, in which capacity he oversaw all financial activities of Motorola Mobility and led the company’s spin-off transaction from its former parent and eventual sale. Parsons joined VeriFone in September of 2011 and has played an integral role in driving the successful development of VeriFone’s interactive digital solutions platform for the petroleum and retail businesses.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As reported earlier, card portfolio sales activity for 2012 saw a large jump from recent years, noted industry expert, R.K. Hammer-Card Knowledge Factory®. A number of factors have contributed to that activity, stated company Founder and CEO, Bob Hammer. “In addition to rising deal prices, the most interesting thing about card…
Braintree payments platform for online and mobile commerce launched its “Venmo Touch” service for one touch payments across multiple applications. Designed to save consumers the hassle of having to re-enter payment information on a mobile device across merchants in the Braintree network, “Venmo Touch” is available in private beta for select Braintree clients, with HotelTonight, TaskRabbit, Wrapp and several others enabling the service for their customers over the coming weeks. Venmo Touch eliminates the need for consumers to re-type credit card numbers by providing a secure, connective layer across all apps on a mobile device.
WePay appointed Tina Hsiao, formerly of Intuit, Vice President of Marketing. She brings with her extensive experience with small businesses and her history of leadership across marketing, product management, customer care and finance will be invaluable as WePay continues to grow and gain market share in small business payments. Hsiao spent over 11 years at Intuit in their small business division, where she launched and led marketing for several high-growth products that helped small businesses acquire customers and manage their finances.
MasterCard partnered Excentus, by which MasterCard will become the exclusive payments partner of the Fuel Rewards Network™ (FRN) program. Allowing members to earn savings and reduce the price of gasoline at the pump, users can earn cents per gallon savings redeemable on their next fill-up.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Green Dot posted a 4Q/12 13% year-over-year increase in operating revenues to $138.6 million and full year operating revenues of $554.5 million, a 15% increase over 2011. Additional disclosure indicates total operating revenues on a GAAP basis increased 15% to $137.3 million from $119.1 million in 4Q/11; net income of $10.4…
MasterCard appointed Ron Garrow Chief Human Resources Officer and member of its Executive Committee, effective April 1. Garrow joined MasterCard in March 2010 as Group Head, Global Talent Acquisition Management and Development. Then he was named Group Executive of Global Human Resources Plans and Programs, which included oversight of Rewards, Workforce Programs, Employee Relations and Human Resources Services and Solutions. Garrow held various Human Resources leadership positions at Bank of America over a six-year period, culminating in the position of Chief Learning Officer. He also spent 19 years at Wachovia in various Human Resources roles focused on training, leadership and executive development.
GE Capital Retail Bank forged a multi-year extension with P.C. Richard & Son to provide a consumer credit card program. P.C. Richard & Son appliance and consumer electronics retailers has 65 locations, as well as an online store, has a long history of working with GE. Customers can apply for the P.C. Richard & Son Credit Card in-store or online and qualified applicants receive immediate approval for purchases with flexible financing promotions. GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction.
Western Union announced its partnership with Advent Financial to offer quick and easy access to tax refunds on the “Get It Card” prepaid card. Those filing their federal and state tax returns at tax-return preparation offices offering financial products through Advent can elect to receive their refunds on the Get It Prepaid MasterCard, reloadable (GPR) prepaid card offered by Western Union and Advent. This offers a quicker and more convenient method of receiving a tax refund than a paper refund check and can be used after the refund has been spent. Cardholders can reload their cards at one of 45,000 Western Union Agent locations in the U.S.
ACI Worldwide will acquire Online Resources in an all cash transaction for $3.85 per share, per a recently inked definitive transaction agreement. With directors of both companies having approved the transaction, the integration of ACI Worldwide and Online Resources will make available to financial institutions the preeminent online and mobile banking, bill payment and presentment solutions. ACI Worldwide is recognized as the leader in the U.S. Large Bank Market for 2012 and a Company to Watch in 2013 by Aite Group. The addition of Online Resources’ payment and presentment capabilities will benefit customers by giving them the choice and flexibility to address a broader set of needs from a single integrated source and broaden ACI Worldwide’s customer base with the addition of 1,000 banks, credit unions, billers, credit card issuers, and other credit and payment service providers.
ControlScan CEO Joan E. Herbig has been elected to the 2013 board of directors for the Women’s Network in Electronic Transactions (W.net) electronic transaction association. Herbig is one of three new directors who have joined the organization to help further its mission to provide a forum that inspires and empowers women in the electronic transactions industry through networking opportunities, mentoring programs and more. Herbig became CEO of Atlanta-based ControlScan in 2007, where she successfully transitioned the company into its present role as an expert provider of PCI and data security solutions for small to mid-sized merchants and the acquirers serving them. Herbig brings with her three years’ experience as CEO of Cambia Security after having served as CEO of mobile device systems management firm XcelleNet.