First American Payment Systems (FAPS) has ankled Bill Lodes to the leadership team as SVP, Business Development and Strategy. Lodes will be responsible for building a robust sales strategy for the Independent Software Vendor (ISV) market.
In today’s CardFlash News Que: WINCOR (Nokas); DIGITAL INSIGHT (AZ FCU); EMAZZANTI (EMV); and BBB (Dropbox).
Credomatic’s credit card businesses and banking operations in the Central American countries, with the exception of Panama, CIC is positioned to have one of the strongest financial franchises in the region. The group is a leader in the credit card business, while having a dominant market share in the acquiring and issuing businesses.
PayPal is now valued at $46 billion and the future is very bright. Analysts expect strong total processing value (TPV) growth to drive solid mid-teens FX neutral organic revenue growth through the intermediate-term, despite lower take-rates associated with rapidly growing mobile payments.
eBay will not be the same without PayPal and most analysts agree they have an uphill battle long-term due to intense competition. However, eBay is expected to divest its Enterprise business in a deal valued at $925 million, according to Forbes.
BillingTree® announced it has once again successfully passed the PCI-DSS audit, this year audited under the new PCI 3.0 standards. The new PCI-DSS is designed with an increased focus on operational standards, security and training to provide greater clarity, flexibility and ease of implementation for vendors. The latest announcement is a continuation of BillingTree’s commitment to remaining at the leading-edge of industry compliance.
Five of the top consumer finance companies made the Stable Rating Outlooks for this year. FitchRatings says the key ingredients are strong franchises and leading market positions, continued strong credit performance, appropriate risk-adjusted capital levels and increasingly diverse funding profiles.
Western Union and Better Business Bureau launched BBB Scam Stopper to help consumers reduce their chances of becoming a victim of common scams. In conjunction, the partnership is advising consumers It’s best always to donate to a charity directly after confirming its legitimacy – rather than giving in response to a phone call or by clicking an email link. Never send a money transfer to an individual for a charity. Western Union does accept donations for charities, but the money transfer must be sent to the organization, not to an individual. Never share banking or credit card information with a person or business you don’t actually know. Never click on links to charities on unfamiliar websites or in texts or emails. These may take you to a lookalike website where you will be asked to provide personal financial information or to click on something that downloads harmful malware into your computer.
MoneyGram global money transfer is warning consumers who are in a giving mood not to get taken by a charity scam, disclosing victims lost an average of $824 each time they sent money intended for a non-profit organization. The charity scam occurs when a fraudster asks a victim to donate to a particular cause or organization. The organization may sound similar to a legitimate charity, and may even have a fake website made to look like an organization’s official site. Red flags include when the name of the organization is similar to a well-known charity, but is slightly off or if the caller needs an immediate answer and asks you to donate without taking the time to do any research into the cause or organization, especially if they only accept cash and can’t answer very many questions about their “organization.”
GiftCardLab.com online provider of gift cards acquired 1-800-GIFTCARD.com. GiftCardLab.com was the first company to offer a customized Visa Gift Card and to ship gift cards with a customized greeting card. Now the company is continuing to blaze a trail in the gift card industry by being the first online gift card store to offer local merchants gift cards branded with their own logos and images. Additionally, the convenience of online ordering protects consumers from gift card tampering. Since the gift cards and card numbers are protected, GiftCardLab.com customers know their gift cards will arrive to the recipient untouched and fully loaded with the requested amount of funds.
Wells Fargo & Company expanded its “ExpressSend” remittance network through an agreement with Bancomer Transfer Services and will extend its consumer remittance payout network distribution to seven additional financial institutions. This will include partnerships with banks in the Dominican Republic, Ecuador, El Salvador, Mexico, Nicaragua and Peru. Wells Fargo ExpressSend customers now have 35,800 remittance payout locations to send money to 15 countries in Latin America and Asia.
Leaders Merchant Services is now offering merchants a merchant account with a low 0.49% debit & check card processing rate-less than one half of a percent. The Durbin Amendment, capping Interchange fees, allows Leaders Merchant Services to offer businesses a chance to really compete in the market. The Leaders Merchant Services credit card processing company offers retail merchant accounts, MOTO merchant accounts, and Internet merchant accounts, as well as mobile credit card processing accounts (this includes mobile credit card terminals and smartphone credit card processing).