CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pierre J. DuPré, the Chief Information Officer of JetPay.
Overall customer satisfaction grew by 0.4% in the third quarter in the UK. Customer satisfaction with credit cards is up 3% to 79, highest among financial services.
TX-based SignaPay announced the acquisition of PayHub. PayHub was founded in 2011 and was built to provide an advanced virtual terminal and a recurring billing solution that evolved to a mobile and eCommerce solution with API features.
The Cambodian cards and payments industry, including debit and credit cards is soaring by a compound annual growth rate (CAGR) of 26.31% since 2009.
Centre Des Monuments Nationaux (CMN), which conserves and restores historic monuments in France has inked a deal with JCB International (JCBI). The partnership will support the CMN’s development of digital tools for the iconic World Heritage sites such as the Arc de Triomphe and Villa Cavrois, which will open its doors in June 2015.
Capital One announced a new credit card program agreement between Capital One, Toronto-based Hudson’s Bay and Saks Fifth Avenue, with the planned addition of the Lord & Taylor credit card program in June 2015.
Gemalto has teamed up with Chunghwa Telecom, the largest operator in Taiwan with 10 million subscribers, to secure their mobile NFC services . This commercial launch, supported by MasterCard and four leading Taiwanese banks, uses Gemalto’s UpTeq Multi-tenant NFC SIM and embedded software to host mobile payment and Mifare transit purse on a single card.
Bankrate is acquiring Wallaby Financial. Wallaby’s proprietary CardBase database includes more than 2,400 credit cards offered by over 500 financial institutions and is the ideal companion for every digital wallet solution.
Citi Ventures has formed a partnership with Plug and Play Tech Center to expand Citi’s accelerator efforts in the U.S., Germany, Singapore, Brazil and Spain. This program will utilize Citi’s global lab network while building on its first FinTech accelerator, launched in Tel Aviv, Israel in 2013.
Europe’s largest online market, the UK, was dominated by credit and debit cards in terms of payment methods in 2014, while a quarter of online shoppers dropped the purchasing process if their preferred payment method in not offered.
US federal proposals released tighten regulation of the prepaid card market may spur a consolidation of small, high-fee prepaid issuers who may be less transparent or uncompetitive, while boosting low-cost, more transparent providers, according to Fitch Ratings. The new consumer-friendly rules should further bolster growth in prepaid card usage by enabling consumers to more easily make informed decisions on card fees and features. Among the many prepaid issuers in the US, fee structures can vary widely and standardized disclosures may push consumers toward lower cost, greater feature providers. We do not believe the new rules pose a serious threat to major card issuing banks, given underlying prepaid customer demographics and actions taken by banks to offer their own prepaid cards. Prepaid card account consumers are gaining new protections that move the cards nearer to having the same disclosure and reporting protections that credit card users enjoy. The total fees paid for prepaid credit products would not be allowed to exceed 25% of the credit limit. In an effort led by the Consumer Finance Protection Bureau, the protections would be promulgated under US Electronic Fund Transfer Act and The Truth in Lending Act of 2009.
Boston-based StreetSmart has unveiled the world’s smartest wallet which includes a built-in Bluetooth LE locator, USB sync cable and a backup battery station for charging on the go.