Last Friday at the close, shares in Charlotte, North Carolina-based Bank of America Corp. ended 0.13% higher at $16.00. The stock recorded a trading volume of 100.74 million shares, which was above its three months average volume of 90.30 million shares. The Company’s shares have advanced 11.01% in the last one month and 10.71% in…
The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
Innovecs opened the first Blockchain competence center based on outsourcing technology company. Thus, Innovecs will develop new and integrate existing financial and technological solutions and services on the basis on Blockchain for global clients.
Michael Miebach will assume the role of chief product officer for MasterCard on January 1st and will be based in New York. He currently serves as president, Middle East and Africa.
San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
Merchant acquirer and payments technology and services provider for SMBs, TransFirst, owned by buyout firm Vista Equity Partners, has filed for an IPO. Shares to be listed on the Nasdaq under the symbol “TF” with an IPO size of $100 million.
First Data expects to raise $3.7 billion in its initial public offering. The deal involves 160 million shares of its Class A common stock. The initial public offering price is expected to be between $18.00 and $20.00 per share.
EVO Payments International has done a successful completion of the purchase of Citigroup’s merchant acquiring business in Mexico, conducted through Banco Nacional de Mexico S.A. (Banamex), a wholly-owned subsidiary of Citigroup.
Banco Nacional de México, Integrante del Grupo Financiero Banamex (Banamex), Japan’s JCB have inked a deal for a JCB merchant acquiring business in the Mexican market. With this partnership, JCB cards will be accepted at more than 70,000 Banamex merchants in Mexico starting this year.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Amer Sajed, Interim Chief Executive Officer, Barclaycard.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Patrick Burke, President and Chief Operating Officer of Bluefin Payment Systems.
CardWeb.com’s CardData database of Company Profiles today features YapStone.