Scandinavia’s Nets is on-boarding Nordic issuer portfolio’s in credit cards and sales finance onto WAY4, the e-payment processing framework developed by OpenWay. Card portfolios of five banks in Finland, Norway and Denmark are already being processed on WAY4 and soon also the migration in Sweden will be completed. For now the payment transactions of more…
CardFlash.com Breaking News: ELO (iMobile3); INGENICO (ePayments); ACI (holiday fraud); and USAEPAY (POS). ELO – Elo, a leading global supplier of touchscreen solutions announced iMobile3, a mobile applications platform provider, has certified two Elo PayPoint point of sale (POS) systems for use with its Merchant-In-A-Box software platform. iMobile3’s Merchant-In-A-Box offerings combine its mobile point of…
In today’s CardFlash News Que: EPVAR (APS); CHASE (UAL); DADEPAY (Nature’s); and TANGO (DRE).
While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments. Clients at the Bank of America Merrill Lynch Conference on Payments and Commercial Card continued to identify that fully converting their payments to electronic was their No. 1 priority in improving their working capital in 2015.
Palo Alto, CA-based Bill.com has introduced Fast Pay, enabling SMBs to pay and get paid faster, allowing precise cash flow management. Now, SMBs in particular can rely on a seamless digital solution without the hassle of going to the bank to send wire transfers or scheduling pickups by FedEx or UPS.
CheckAlt reports it is on pace to process more than 100 million transactions in 2014. These transactions represent the combined volume of CheckAlt and its ERAS division, which CheckAlt acquired from Diebold in June of this year.
The number of online payment users in China neared 300 million in June 2014, while mobile payment users topped 200 million. The market is dominated by local third party payment providers, such as Alipay and Tencent. However, 99Bill, Lakala Payment and China PnR are expanding.
Joshua S. Rosenblatt has joined the Frost Brown Todd (FBT) Nashville office as part of the firm’s new electronic payments industry team. With experience representing and advising clients in complex mergers and acquisitions, securities law and general corporate law, his practice has primarily been focused in the electronic payments and healthcare industries. He has served as lead associate counsel for several mergers/ acquisitions in the $100-750 million range, while also having assisted small start-ups, large entities and public companies in a wide scope of operational and strategic business matters. Rosenblatt will oversee the electronic payments industry team to serve clients in this technology driven and rapidly evolving industry both domestically and globally. Frost Brown Todd’s Nashville team is anchored by more than 30 attorneys counseling current and future business leaders.
Green Dot Corporation today announced it has named Joshua Goines as General Manager of GoBank. GoBank is Green Dot’s award-winning, FDIC-insured checking account offering and in this position, Joshua will be responsible for GoBank’s overall strategy and operations.
Nacha ePayments Association launched its new opt-in program designed to mitigate the increasing volume of business bill payment exceptions originated to billers through online banking channels. Through the Bill Payment Exception (BPE) Mitigation Opt-in Program, NACHA seeks to improve the reliability of online banking bill payment channels, reduce costs and checks issued in association with…
ACI Worldwide announced the winners of the 2014 ACI Excellence Awards. The fifth annual ACI Excellence Awards celebrate leading financial institutions, processors and retailers for innovative and transformative uses of ACI solutions to solve real-world customer and business issues. ACI Excellence Award and Merit Recognition recipients were selected by a panel of judges comprised of ACI experts and leading global payments analysts from Aite Group, CEB TowerGroup and Celent. Winners were selected across ten categories and are based throughout the Americas, Asia/Pacific and EMEA. This year’s Excellence Award winners include:
BNP Paribas, La Banque Postale and Société Générale launch Paylib, a new payment solution on the internet and mobile, user friendly, seamless and secure. Worldline, Atos subsidiary for e-payment services, used its operational capabilities and expertise of its solutions for E-wallet and authentication on mobiles for creating Paylib. The solution allows to make a payment with a simple personal identification code, without entering his credit card number from his computer, tablet or Smartphone. Paylib solution offers a new way to settle ones purchases in e- and m-commerce, user friendly, highly secure and guaranteeing confidentiality of personal data. It offers both the individuals and merchants the same level of security, similar to a proximity payment by credit card, with a novel way of purchase for e-and m-commerce, seamless and without the necessity to re-enter information related to the card (card number, expiry date and CVV).