Virtual Piggy Announces New Ecommerce Partner

Virtual Piggy safe youth payments has added its youth-friendly payment system to Popar Toys’ ecommerce website. Allowing parents to set up a monthly allowance for their children, Virtual Piggy promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Popar Toys uses Augmented Reality (AR) technology to create an immersive reading experience that will allow the user to see incredible virtually “real” 3D objects that will pop off the book or cards.

American Express Q4 Net Income Down 47% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported 4Q net income of $637 million, down 47% from the year ago figure of $1.2 billion. Net income from the quarter included the restructuring charge, rewards expense and cardmember reimbursements that were announced last week. Consolidated total revenues net of interest expense were $8.1 billion, up 5% from…

Onebip Intros Recurring Payment Android Platform

Onebip mobile payments service from Neomobile launched its subscription payment service for Android devices, having released its first subscription service in 2005 and has successfully managed recurring payments for top global online dating and networking sites since 2008. To celebrate this milestone, Onebip has further enhanced its offering by introducing Onebip Android in-app for subscription payments. Onebip has successfully helped merchants worldwide build their user base and monetize by optimising the opt-in user experience and recurring billing technology. Onebip’s Subscription payments allows online dating, social networking and gaming merchants and is available in more than 70 countries worldwide.

EVO Payments Appoints New CFO

EVO Payments International announced Kevin M. Hodges is new its CFO, where he will be responsible for the company’s expanding global financial operations. He will oversee Finance, Accounting, Treasury, Tax, Human Resources, and Corporate Communications. He previously held various senior financial leadership positions at Global Payments Inc. and worked at Deloitte & Touche. Hodges holds the Chartered Financial Analyst designation and is a CPA.

VocaLink Announces Senior Appointments

VocaLink payment provider announced Nick Millar joins as Strategy and Customer Insight Director, Jim Wadsworth as Product Development Director and Phil Harrison as Commercial Director, Alternative Payments. With 20 years’ experience, Millar joins VocaLink from Visa Europe, where he was Head of Strategy. In his new role, Nick will lead the Strategy and Customer Insight team, developing VocaLink’s corporate strategy to maximise the value of core infrastructure capabilities and support emerging payment models. Wadsworth brings over twenty years’ experience working with market leaders in the payments sector and joins VocaLink from Accourt, where he led its mobile and digital payments practice and advised a wide range of international clients. Harrison joins the company from Clairmail Mobile Solutions where he was Managing Director for EMEA, bringing with him more than 25 years’ experience in retail banking and payment technologies.

Card APRs Buck the Trend in January

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs have held the course for the shopping season and into January at a steady 14.98% average. Slightly higher than the 14.95% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in October and hardly…

NCR and PayPal Partner on mPOS

NCR and PayPal partnered to integrate PayPal mobile payment options into the recently announced NCR Mobile Pay application and NCR Aloha Online Ordering. NCR Mobile Pay enables restaurant patrons with a smartphone to browse their bill, re-order menu items, alert their server, complete surveys and pay. PayPal appears as a payment option and allows consumers greater choice for secure payments alongside credit or debit card options. Consumers will also be able to use the PayPal mobile application to locate and “check in” at participating NCR Mobile Pay merchants to access the same functionality. Also PayPal integration gives C-Go users another easy option for paying at the pump or inside stores with their smartphone while also providing stores with valuable opportunities for targeted up selling and promotions. NCR and PayPal plan to enhance NCR’s Netkey Endless Aisle application with PayPal integration to speed up the consumer checkout process for consumers using the solution for online shopping and to integrate NCR’s Advanced Marketing Solution (AMS) loyalty and offer management system with the PayPal digital wallet.

WorldPay Partners Discover on In-Store PayPal

WorldPay US partnered Discover Financial Services (DFS) to enable WorldPay’s customers to accept PayPal In-Store Checkout at the brick-and-mortar locations of participating merchants. WorldPay’s customers will be among the first US businesses able to accept PayPal’s innovative new mag-striped card that extends the speed, simplicity and security of the digital wallet already enjoyed by 50+ million active PayPal customers online to the face-to-face payment transaction. WorldPay customers will be able to begin accepting PayPal at the point of sale in the Spring of 2013.

Prime Card Chargeoffs Hit 6 Year Low

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fitch prime credit card chargeoffs dropped below 4% for the first time since 2006 to 3.98% in December. The 18 basis point (bp) decline in chargeoffs is thanks to declining bankruptcy filings delinquencies throughout 2012 while chargeoffs dropped an astounding 29.43% since the end of 2011. Meanwhile, late stage delinquencies increased…

Wells Fargo Names Head of EMEA Global Banking

Wells Fargo announced Joe Saffire has been appointed head of its Global Banking operations in Europe, Middle East and Africa (EMEA). In his London-based role, Saffire will focus on growing the global banking business throughout the region as Wells Fargo expands its international services for U.S.-based commercial and corporate customers doing business in Europe, and for European companies with operations in the U.S. The Global Banking division provides financing options, risk and treasury management solutions, and trade finance services to middle market and large U.S. and foreign owned companies. Saffire spent 20 years with HSBC where he was most recently chief operating officer and head of international banking in Germany. A native of Buffalo, New York, Saffire received his bachelor’s degree from Boston College and an M.B.A. at the University of Buffalo.

CorFire Execs Join Mozido

Mozido mobile payments, commerce and marketing announced that two former senior CorFire executives have been appointed to its management team. Steve Bacastow and Charlie Wiggs strengthen Mozido’s executive bench to expand its global footprint. Bacastow joins Mozido as senior vice president of operations. An expert in the alignment of IT with business strategy, he will be responsible for leading all company operations functions with a focus on maximizing growth and profitability and meeting compliance standards. Wiggs has joined Mozido as senior vice president of business development. Wiggs will drive new business acquisition in key markets as well as manage relationships with major global clients. Prior to joining Mozido he was vice president of sales for CorFire, where he was responsible for developing and executing the company’s sales and market development strategy for financial institutions.