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.

Sterling Payments Appoints ISO Business Development Head

Sterling Payment Technologies national payment processor has named Jeffrey Akeson Executive Director of Third Party/ISO Sales where he will lead Sterling’s ISO business development strategy, drive initiatives to build ISO programs and support. Akeson was VP of Third Party Sales with payment processor PowerPay for seven years, where he introduced new tools, processes and value-added products and services that resulted in a significant expansion of the company’s sales portfolio. In his new capacity, Akeson will develop a strategic plan to expand the company’s ISO sales channel by building significant relationships with sales partners and helping their organizations and agents excel in the payment industry.

TransCard acquires HQ, Will Introduce Prepaids in Malls

TransCard acquired HQ mall-based prepaid card programs, opening new retail distribution channels for a wide variety of prepaid products. HQ Gift Cards currently provides management services for some of the most successful mall gift card programs in the country, managing operations for more than 300 malls and casinos, including 5 of the top 7 mall operators.

MasterCard Worldwide Announces New Corporate Treasurer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Worldwide announced Juan Rajlin will join its team as Corporate Treasurer, effective February 6. Bringing with him a range of international financial experience in global corporations having held positions in the United States, Europe and South America, Rajlin most recently served as Assistant Treasurer for General Motors. Here he was…

VeriFone Allows Retailers to Interact More Easily

VeriFone Systems shows its comprehensive suite of payments solutions is helping leading retailers interact with, impact and impress their customers. New innovations on the show floor will include a new, size-adaptable payment acceptance solution for tablets”the first to work with iPad mini, new versions of PAYware Mobile for iPhone 5 and the new iPod touch and cloud-based services for bridging today with tomorrow’s innovations and managing ever-growing payments complexity. Also Microsoft will demonstrate in a BIG Ideas session how it is now accepting payments with a single, mobile interface using a Windows phone to drive purchases and enhance the customer experience at its Microsoft Store retail locations. VeriFone is providing the payments acceptance for the co-branded solution, which offers end-to-end encryption of cardholder data and PCI compliance and handles all transactions through VeriFone’s PAYware Connect gateway. VeriFone’s latest version of PAYware Mobile for iPhone 5 and the new iPod touch is a multifunction solution incorporating mag-stripe, NFC and EMV acceptance, with an integrated PIN pad, as well as a 2D barcode imager.

Cadence Bank to Launch Discover Debit Program

Discover partnered Cadence Bank to create the Cadence Bank Debit Card powered by Discover Debit. Cadence recently completed a comprehensive evaluation of its debit options in response to the changing financial services landscape and determined an affiliation with Discover made the most strategic sense. Discover Debit provides convenience and security, with broad national acceptance as well as leading fraud-prevention and data-security tools to help mitigate cardholders’ exposure to debit card fraud. Cadence also is participating in Buzz Points™ through PULSE Loyalty Edge, multi-faceted loyalty program incorporates merchant rewards and aims to drive spending to local merchants in the communities the bank serves.

NCR Lets DSW Employees to Go Mobile

NCR Corporation announced DSW branded footwear and accessories retailer is to expand their use of NCR Advanced Store POS software to offer DSW shoppers mobile POS functionality and returns throughout the chain. Now Sales associates can easily assist customers in finding items out of stock at the store they are in, but available at another store or on the DSW website; Loyalty program information is available anywhere, allowing associates on the floor to personalize the shopping experience with relevant product advice and make recommendations based on shoppers’ past purchases; Increased checkout capacity and agility at peak periods like holidays, weekends or major store sales days; and sales management can now perform back office functions anywhere in the store floor.

First Data Announces CEO to Step Down

First Data electronic commerce and payment processing announced CEO Jon Judge plans to retire from the company, of which he informed the Board of Directors last week and received full support. Mr. Judge will remain in his position until a transition is effected. First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. The company leverages its product portfolio and expertise to drive customer revenue and profitability for debit, credit card, gift card, check or mobile phone, online or at the checkout counter.

ROAM to Showcase Retail mPOS at NRF

ROAM mobile commerce platform will demo a suite of new retail mobile point of sale solutions to expand mobile functionality beyond payments at the National Retail Federation (NRF) BIG Show. ROAM offers SMB Retail Solution is a turnkey offering for small to mid-sized retailers based on the industry-leading ROAMpay application and secure reader hardware, while the Enterprise Retail Solution offers major retailers a fully customizable, integrated and PCI-compliant mobile point of sale system tailored to meet the requirements of their business. Through integrations to existing management systems, POS applications and payment hosts, ROAM’s enterprise solution enables real time processing of change orders through backend systems, onsite payment acceptance, and remote resource monitoring and allocation.

NCR to Demo New Product Line

The wide variety of NCR’s solutions for retailers, from the budding entrepreneur to the largest global chains, will be on display at booth 2007 at the National Retail Federation (NRF) Big Show Expo January 14 and 15 at New York’s Jacob K. Javits Convention Center. They will demonstrate NCR Silver, the revolutionary small business point of sale (POS) system; NCR self-checkout (SCO) enhancements for 2013 will increase the reliability and security of SCO solutions. Working with StopLift Checkout Vision Systems, NCR will begin offering a real-time video analytics function to give stores another avenue for monitoring SCO; The NCR RealPOS 72XRT continues NCR’s leadership in powerful, scalable and reliable high-performance POS systems. Built with Intel® processors inside and featuring Intel® Active Management Technology (Intel® AMT), the 72XRT provides more intelligent processing power to drive new applications, remote manageability and enhanced security, which creates competitive advantages on several fronts; and The NCR Netkey Endless Aisle kiosk application seamlessly integrates with back end e-commerce systems to enable customers to browse for product information, check inventory and order out-of-stock items or products not carried in the store.