Breaking News: MODOR (digital commerce); ADS (stock); CSC (digital banking); and WiseSec (ATMs). MODOR – Modor Intelligence says the Global Digital Commerce Software Market is estimated to be worth $4 billion in 2015 and is projected to reach to $8.68 billion by 2020 at a CAGR of 16.73%. North America is the dominating the worldwide…
In today’s CardFlash News Que: WINCOR (Nokas); DIGITAL INSIGHT (AZ FCU); EMAZZANTI (EMV); and BBB (Dropbox).
CardWeb.com’s CardData database of Company Profiles today features CashStar.
CardWeb.com’s CardData database of Company Profiles today features Ingo Money.
The first China UnionPay card has been issued in Lebanon by
Fransabank. The deal supports the implementation of the “One Belt One Road” strategy.
The cyber security market in the BFSI sector is projected to expand at compound annual growth rate (CAGR) of more than 13% by 2019. Some estimates place the cyber security market at more than $155 billion in five years.
Ingo Money announced the addition of Dickson Chu as executive vice president, Corporate Development and chief product officer. In this role, he will lead the company’s strategic corporate development efforts and oversee the evolution and development of Ingo Money’s product roadmap and user experience. Chu brings over 25 years of leadership experience in financial services technology, digital payments and marketplace innovation. An accomplished general manager and innovator, Chu most recently served as investor and active advisor to a number of emerging companies. Previously, Chu served as senior vice president, Merchant Solutions at LivingSocial, evolving the company’s strategy to create a new merchant-focused business line. He also spent nearly two years at Citi as managing director, Digital Networks in the Global Enterprise Payments business unit, where he was responsible for the development of global e-commerce and m-commerce capabilities, as well as the development and launch of Citi’s Google Wallet platform. Before joining Citi, Chu spent six years at PayPal, most recently serving as vice president and head of Global Products and Experience. In this role he led product strategy, development and user experience design for millions of consumers and merchant customers, having previously served as global general manager for PayPal’s Global Merchant Services business, which he helped grow from $60 million to more than $1 billion.
Tyfone will showcase The Connected Smart Card (CSC) technology at Money2020, combining both hardware and software for unparalleled security in mobile banking. Tyfone’s CSC delivers the proven solutions that are recognized by leading experts in the field of security. Tyfone will also feature partnership news at Money2020, involving top 10 credit unions adapting Tyfone CSC technology for layering mobile banking security, as well as exhibiting the latest P2P technology.
JPMorgan Chase announced that Mike Passilla has been named chief executive officer of Merchant Services to oversee Chase’s growing payments and merchant services business including Chase Paymentech, Chase’s merchant offers business, as well as Chase’s recently-announced merchant payments initiative. Passilla has been a leader in the field of payments and technology for 23 years and joins Chase from Elavon payments processing, where he most recently served as president and CEO. Meanwhile, Dan Charron was named president of Chase Paymentech, the global payment processing and merchant acquiring business of JPMorgan Chase, and will report to Passilla. Since March, Charron has been the acting head of Chase Paymentech and prior to that served as the head of Client Services.
Tyfone unveiled its Connected Smart Card (CSC™) solution, allowing users to augment passwords and other user ID information used to access sensitive information. Tyfone’s CSC solution uniquely combines centralized data with local, device validation to strengthen and simplify the centralized storing of passwords, credit card numbers and other digital ID credentials, optimally ensuring security to keep passwords, payment and biometric ID information out of the hands of cybercriminals. Tyfone’s CSC solution operates much like the traditional plastic smart card systems already in widespread use, but has a much smaller physical footprint and uniquely has the ability to connect to any mobile device, tablet or PC. Tyfone’s CSC hardware works with all existing software, smart card applets, password schemes and digital certificates, making it the first truly interoperable solution that secures the device, the identity and the transaction, controlling access to ID information in a unique combination of distributed and local (on device) layers.
ERN has announced the appointment of Roger Alexander, the former President of Elavon Merchant Services Europe and Brian Thom, the former President of Citibank Japan, to its board of advisors. Alexander brings to the role vast experience of the financial services industry, currently holding non-executive directorships at foreign exchange platform Canton FX, payment and loyalty consultancy The Logic Group and secure payment solution provider Pensio. He’s a graduate from Harvard Business School and spent over a decade at Barclays as Managing Director of The Emerging Markets Group as well as a Director at Barclaycard, also Roger was the former CEO of EuroConex and the former CEO of Switch UK. Meanwhile, Thom spent more than seven years at Citibank, where he served as President of Citibank Japan and Country Head of Citibank Korea. He is currently a Director at CSC Pacific and DPSL Limited, Executive Director at Asia CEO Network and a Partner at business solution and support service provider Gravitas Partnership. He is also the former Global Head of Marketing For American Express and the former SVP of Marketing for MasterCard.
Bluefin Payment Systems secure payment gateway technology to integrated software vendors partnered Commerce Science Corporation (CSC) to integrate their “PayConex” payment gateway with its “eStoreXpress” software platform. The “eStoreXpress” platform allows CSC customers to provide their members, franchisees, customers or dealers with a personalized online eStore where they can sell products and services to their clients, without purchasing or managing inventory, processing orders or having any IT support to operate the eStore. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including business management, health/fitness, medical, legal, transportation and more. Commerce Science will integrate Bluefin’s payment gateway into “eStoreXpress,” allowing any customer to quickly and easily process electronic payments directly within the eStoreXpress interface.