Pierre Omidya who founded eBay as a sole proprietorship in September 1995 remains on eBay’s Board following their divorce with PayPal. He has been a director and Chairman of the Board since eBay’s incorporation in May 1996.
Western Union has been recognized by Sears Holdings Corp. with a prestigious Partner in Transformation Award for 2014. Western Union received the award for creating a customer destination at Kmart stores, driving significant foot traffic. Many of the customers sending Western Union Money Transfer® transactions have also become valuable Kmart shoppers, creating a win-win for both brands. The award was recently presented at Sears Holdings’ 2014 Vendor Summit. Sears Holdings presents its prestigious Partners in Transformation award to a select group of companies that excel in supporting the transformation of Sears Holdings through innovation around integrated retail and the Shop Your WayTM program. Of the more than 30,000 companies that work with Sears Holdings, fewer than one half of one percent (.5%) receive the award.
TNS Announces Winners of 2014 TNS Choice Awards Award Recognizes Outstanding Performance in the Financial Services Marketplace
TNS, announced the winners of the 2014 TNS Choice Awards to recognize financial services organizations that have achieved superior performance in the competitive marketplace. Winners of the award have shown themselves to be the preferred choice by their strong performance in attracting new customers, satisfying and retaining customers, and winning a larger share of their customers’ total banking business. The program is developed to identify strong achievement on both the National and Regional level. Winners include JP Morgan Chase, U.S. Bancorp, Ally Bank and BB&T Corporation. These research programs also diagnose what is driving marketplace momentum through an assessment of each firm’s customer experience, brand health, and marketing effectiveness.
CurvePay announced the completion of its acquisition of Transaction Labs (T-Labs), the world’s only direct payment processor to combine front and back end processing with Big Data analytics capable of delivering real time, targeted 1-to-1 marketing for brick-and mortar merchants. The T-Labs platform processes a billion transactions annually with direct connections to the associations (Visa, MC, AMEX, etc.) and transaction speeds up to 10x faster than traditional processors.
Fundtech announced it has hired Michael F. Jackson, Head of Americas Cash Management, brought on to lead Fundtech’s cash management business in the Americas as the company invests in and expands the business in this market. Jackson brings to Fundtech more than 25 years of experience in financial services, in areas including product strategy and product management, enterprise application software development, professional services, customer support, and bank operations. He was most recently Vice President of ACI’s Electronic Bill Presentment and Payment (EBPP) group. Before joining ACI he held various senior roles with S1 Corporation, including General Manager of the firm’s Americas Channel where he was instrumental in the design and development of S1’s Corporate Banking Application.
RushCard prepaid Visa debit card and CrowdRise crowdfunding Announced its #RiseToThrive Charity Challenge winners. Over the past six weeks, charities dedicated to building prosperous futures for people in neighborhoods all over America served by RushCard, participated in the crowdfunding challenge. Participating charities raised more than $308,000 in vying for $50,000 in awards from RushCard. The top three charities that raised the most money received grants from RushCard include $25k grant, First Place (raised $86,150) — Workshop in Business Opportunities (WIBO), a 47-year old non-profit organization dedicated to helping people in underserved communities realize the American Dream through entrepreneurship. The $10k grant, Second Place (raised $69,402) – Students for Service, an inspiring organization that partners with non-profits in New York City to address hunger, poverty, and the environment. And the $5k grant, Third Place (raised $41,228) – Move for Hunger, an organization the works with relocation companies across America to support local food banks.
GE and Chicago Ideas Week (CIW) announced GE Garages, a skill-building center that serves as an advanced manufacturing fab lab for technologists, entrepreneurs and makers. Opening on September 20, the GE Garages space will host a month of free hands-on maker workshops, conduct trainings on high-tech prototyping equipment and offer learning opportunities through a curated guest speaker series. Powered by TechShop and developed in partnership with Skillshare, Quirky, Make and Inventables, GE Garages aims to spark interest and greater participation in advanced manufacturing through making. The GE Garages location will also function as the headquarters for Chicago Ideas Week, a premier annual gathering of global thought leaders and an innovation platform that inspires, connects and activates the city of Chicago and beyond.
SecureKey Technologies identity and authentication announced its “briidge.net” DNA security software and “briidge.net” Enterprise authentication service have been integrated with “MasterPass,” the new digital commerce platform from MasterCard. SecureKey briidge.net DNA combined with Intel Identity Protection Technology (Intel IPT), provides MasterPass wallet holders and merchants with an additional level of hardware-based security to help reduce fraud risk and to help ensure safer, more convenient online payment transactions. Intel IPT helps provide a simple, tamper-resistant method for protecting consumer and business data from threats and fraud. As a feature in all Intel-inspired Ultrabook devices and PCs with the latest Intel Core processors, Intel IPT is a key component in enabling hardware-based two-factor authentication solutions for online websites and business log-ins. The combination of briidge.net DNA and Intel IPT is a result of a collaboration SecureKey established with Intel to enable strong authentication solutions for various vertical market applications.
American Express announced the promotion of Edward P. Gilligan to president, having served as vice chairman since 2007. He was previously named head of a Business-to-Business, responsible for the company’s relationships with merchants, corporations and bank partners globally. Having joined AmEx in 1980, Gilligan has led several different American Express businesses earlier in his career. In 1995, he was named business unit president of Commercial Card and Business Travel for the United States. He was named group president in 2002, overseeing the International Consumer Card business and the company’s global portfolio of Payment and Travel Services for corporate clients.
MoneyGram money transfer and The Neal & Massy Group opened their first stand-alone money transfer center. The new money transfer center will employ a dedicated staff to offer MoneyGram’s money transfer services and Neal & Massy’s Sure Pay bill payment service. Both product offerings will provide consumers with an additional, convenient location to send and receive cash locally and internationally. Neil & Massy will be offering the development of cross-promotions with the company’s grocery stores, offering incentives to customers to visit the money transfer center.
DFC Global financial services company for the unbanked and under-banked, welcomed news that the Province of Prince Edward Island has passed a set of payday loan regulations that include a maximum cost of borrowing of $25 per $100 loaned. The Company currently has only franchise locations in Prince Edward Island.
Ten payment service providers have now committed to MasterCard “PayPass,” part of PayPass Wallet Services, to subsequently up the number of merchants able to accept wallet payments online and on mobile. The payment service providers, including CQR, CreditCall, DataCash, MoPowered, Optimal Payments, Pensio, Sage Pay, SecureTrading, The Logic Group and WorldPay, agreed to integrate with the scheme, which enables more online and multi-channel retailers to have the tools available in order to capitalise on the growing online and mobile commerce market. Integrating PayPass Online into eCommerce sites allows merchants to speed the checkout process, helping to reduce the number of abandoned shopping carts, and shoppers can easily access all their payment and shipping information.