BitGold + GoldMoney
Toronto-based BitGold, pioneer of gold-based digital payments, gobbles up Jersey, British Channel Islands-based GoldMoney. GoldMoney has CAD 1.5 billion in assets under vault management.
NerdWallet Funding
San Francisco-based NerdWallet is hitting the big time with $64 million in Series A funding round led by Institutional Venture Partners (IVP) with participation from RRE Ventures, iGlobe Partners and additional angel investors.
Eric Marks
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Eric Marks, Managing Director of Auriemma Consulting Group.
Aptito EVP
Aptito has ankled Eric Kirk as executive vice president of Aptito. The company offers a new generation, customer-engaged, patent-pending payments platform specializing in mobile Point of Sale, mobile commerce application, and self-ordering Apple iPad-based kiosk.
Cause Payments
Manhattan Beach has delivered another payments anomaly in the current payments ecosystem. Cause Payments automatically contributes a portion of every credit card transaction processed to a charity or school of the merchant’s choice.
Mandalay & Xyo
Los Angeles-based Mandalay Digital Group has purchased Xyo’s app search engine and contextual advertising technologies. Xyo co-founders Zoe Adamovicz and Marcin Rudolf will join the Digital Turbine team.
MasterCard Advisors Shuffles Execs
MasterCard Advisors appointed Pierre Burret as Head of Delivery, Quality & Resource Management for Europe, Asia Pacific, Middle East & Africa and Eric Schneider as Region Business Lead for Asia Pacific. Burret will lead delivery, quality and resource management across three key regions (Europe, Asia Pacific, Middle East & Africa). In his new role, Burret will lead and develop the MasterCard Advisors’ consulting team to deliver business intelligence and provide solutions to financial institutions, merchants, governments and other organizations. Meanwhile Eric Schneider will serve as Region Head, who has moved from the U.S. where he served as group head and member of the MasterCard Advisors management team for the U.S. market. Schneider will be based in Singapore, and will oversee MasterCard Advisors’ market operations in the Asia Pacific region.
Bank Mandiri & goSwiff
Bank Mandiri launched Mandiri Mobile POS, in collaboration with goSwiff and its local partner Indopay. mPOS answers to the needs of Mandiri’s customers for security, convenience and reliability in card transactions with Visa and MasterCard. Leveraging goSwiff’s mobile commerce and marketing experience, the new mPOS solution helps Bank Mandiri to bring more payment alternatives to Indonesian merchants and consumers. Indonesian government is encouraging a cashless society by reducing cash transactions, and Mandiri Mobile POS provides one channel for that. The payment on the spot prevents any card misuse by unauthorized parties. Bank Mandiri’s initial pilot to test the mPOS integration with service ordering system was done with Holycow Steak by Chef Afit.
SIX & Oberthur Renew EMV Contract
Oberthur Technologies extended its partnership with SIX Payment Services card processor, whereby it will develop debit and bank cards for the bank from 2016 to 2020. SIX Payment Services releases a new chip specification on behalf of the Swiss debit card issuers every four years, followed by the evaluation of two suppliers. OT was selected in 2010 to develop and supply EMVI’12 chips from 2012 to 2016. The new product generation, called EMVI’16, will be issued from 2016 till 2020 and will be based on the specifications of EMVCo CPA (Common Payment Application), MasterCard PayPass and VCPS (Visa Contactless Payment Specification). EMVI’16 will enable the Swiss banks as well as international issuing processing customers of SIX Payment Services to offer Contactless payments on top of standard debit, credit and e-commerce functionality for MasterCard and Visa brands.
FleetCor to Acquire Comdata
FleetCor Technologies fuel cards and workforce payment products has signed a definitive agreement to acquire Comdata from Ceridian for $3.45 billion. Concurrent with the closing of the acquisition, a representative from THL will be appointed to the FleetCor board of directors.Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers and has approximately 1,300 employees to facilitate over $54 billion in payments annually. Cash payments will be used to pay off Comdata’s outstanding indebtedness.
ACI Worldwide Announces Latest Online Payments Client
ACI Worldwide announced that Ohio-based Franklin University has selected ACI to power its online payments. Franklin University wanted a proven payment provider with technology that required no additional programming to integrate with the University’s ERP system. It also wanted technology that provided a low total cost of ownership. ACI’s electronic payment solutions and integrated strategic partnerships with wide-ranging ERP providers made it the ideal payment partner for the University.ACI is a market leader in providing electronic payment solutions to colleges and universities with more than 300 higher education institutions in the United States and Puerto Rico utilizing its payment processing solutions.
ACI Worldwide announces Latest mBanking Client
ACI Worldwide electronic payment and banking systems announced Pearl Harbor Federal Credit Union (PHFCU) selected ACI’s integrated online banking platform for credit unions, WebFederal, to power PHFCU Online, its online and mobile banking and bill payment services. PHFCU is one of Hawaii’s leading credit unions, serving thousands of members across the state. As its business has grown and its customers increasingly embrace online and mobile banking, the credit union recognized the need to provide a seamless, multi-channel experience that continued to deliver outstanding service while maximizing efficiencies. PHFCU selected ACI’s WebFederal online banking solution, which provides customers with a universal, real-time, omni-channel experience.