DIDIX + Blackhawk
Netherland-based DIDIX, a prepaid card specialist, has been
acquired by the Blackhawk Network. DIDIX products are sold to millions of consumers each year directly through retail, online and business-to-business (B2B) channels.
Other Breaking News
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).
AmEx 2016
After a biting poor third quarter with profits slipping 10.7% and the 2016 forecast dismal, American Express is shuffling executive suits to cut costs. Josh Silverman is out and other executives have greatly expanded responsibilities.
SAG & PayCommerce
Frankfurt-base Software AG (SAG) has inked NJ-based PayCommerce to use SAG’s Digital Business Platform to expand its world-class cross-border payments network. The global payments pro faster and more secure payment solutions: business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B) and global disbursements and collections.
Payscout & Alibaba
Los Angeles-based Payscout has inked an agreement with China’s Alibaba Group, under the terms of which Payscout will provide global payment logistics for Tmall,
Other Breaking News
In today’s CardFlash News Que: PAYITSIMPLE (awards); SYNCHRONY (speeches); FISERV (DNA) and B2B SOFT (exhibit).
ABnote & Above Mobile
American Banknote in partnership with Above Mobile has rolled-out the first complete wallet application for Android users, with the addition of ABnote’s secure mobile payments platform to PassWallet.
Retail Gift Cards
CardWeb.com’s CardData Reports today features the Retail Gift Card Trends In The United States: 2014 In Review report from Mercator.
Closed-Loop Gift Cards
U.S. retail gift card loads grew 9% in 2014, despite a slow holiday season. Loads in the Employee and Partner Incentives segment declined in 2014 as the emphasis seemed to shift in the incentives market.
AXP Execs
The recent loss of Ed Gilligan at American Express has spurred CEO Ken Chenault to make major changes. The changes include the realignment of several businesses and reporting lines.
TMGFS Executive
Top 70 credit card agent issuer TMG Financial Services (TMGFS) today announced the hiring of Matt Oakley as chief marketing officer (CMO). A seasoned marketing veteran with more than twenty years of experience, Oakley joins TMGFS from Kreg Tool where he served most recently as director of marketing and customer experience. There, Oakley executed a…
PayCargo Payments
PayCargo, an electronic freight invoicing and payment processing specialist and HAPAG-LLOYD, a leader in containerized ocean transportation services, is now connected to the PayCargo Freight Payment Network allowing its customers the flexibility of using PayCargo as an e-payment option.