Steve Boyer has been appointed Executive VP, Business Development with Galileo Processing prepaid, credit, debit and alternative financial services technologies. Boyer brings with him nearly three decades of experience in payments automation. In 1993 Boyer co-founded the concept of a declining balance closed-loop card for merchants, which later became known as the gift card. Boyer was most recently Chief Revenue Officer for HOPS, a SaaS-based business intelligence and data processing software firm. Boyer worked with large open-loop prepaid and payment automation programs at American Express, Wachovia, ADP Corporation, MBNA, Bank of America, Capital One, Chase Bank and others.
Marcie Verdin has been appointed MasterCard Worldwide group head for Global Person-to-Person (P2P) Payments. Bringing with her more than 20 years’ experience in product development, management and marketing, she will be responsible for implementing MasterCard’s global P2P strategy, including identifying new and innovative P2P payment and money transfer solutions. She joined MasterCard in 2005 and most recently served as group head, global commercial products. Prior to joining MasterCard, Marcie held positions with Galileo International, VeriSign, Visa, American Express and Accenture.
Travelport is set to exhibit at Arabian Travel Market 2011, where it will showcase its latest travel technology offering to travel agencies, airlines and corporations in the Middle East. Taking place from 2-5 May at the Dubai International Convention and Exhibition Centre, Travelport will demonstrate the diverse functionality of its Galileo and Worldspan global distribution systems (GDS), highlighting innovative solutions and rich content that can help its travel partners in the region achieve success. Travelport will be conducting daily workshops for the travel trade on its land & sea offering, including online portal Travelport Leisure, whilst airlines will be able to learn more about Travelport’s Sponsored Flights advertising programme and other Partner Marketing opportunities during dedicated sessions. Travelport is a broad-based business services company and provider of critical transaction processing solutions to companies operating in the global travel industry.
Galileo Processing financial payment processing has introduced its new suite of solutions for payment card issuing banks and payment card program managers. The solutions implement cloud computing on required levels of security, performance, availability and regulatory compliance. With Galileo Cloud Processing, each client has a dedicated virtual environment that is not shared with any other client for intellectual property and program innovation preservation. Galileo supports more than 1,000 programs throughout the United States and Canada.
Financial solution provider Galileo Processing has hired Philip Cormier as Strategic Partnerships Executive. Cormier, who has 16 years of experience developing and offering financial solutions to the underbanked, will be primarily responsible for helping Galileo’s existing and future partners effectively service the underserved with the best in innovation and consumer experience. Prior to joining Galileo, Cormier was Vice President of Marketing for ACE Cash Express, a leading retailer of alternative financial services with more than 1,700 outlets in the US. Before joining ACE, Cormier was Senior Vice President of Marketing for Bank of America from 1997-2001. His primary focus was delivering subprime financial products through the company’s retail branch network. Prior to Bank of America, Cormier was Assistant Vice President of Marketing for The Associates Financial Services Company, Inc. (AFSCI), where he developed and marketed consumer financial products to the marginally banked. Cormier holds a Bachelor of Business Administration from the University of Texas, Arlington and a Master of Business Administration from Southern Methodist University.
Retail financial services provider National Money Mart has launched the prepaid “Nextwave TITANIUM+ Visa. Customers can load money onto their card at any Money Mart branch across Canada. The spending limit is set by how much money is pre-loaded to the
card. Cardholders can benefit from security features, such as Visa’s Zero Liability policy*, in the event of loss or theft
Purchasing a Nextwave TITANIUM+ Visa prepaid card is easy. Interested
customers with a valid address, two pieces of ID (one government-issued
and one photo) and who are at least 16 years of age can go to any of
Money Mart’s nearly 500 branches in Canada for instant approval (there
is no credit check and personal bank account and deposit information is
not required). The prepaid card is loaded on the spot allowing
cardholders to use their cards immediately. Current TITANIUM+ customers can easily convert their existing cards to
the Nextwave TITANIUM+ Visa prepaid card at any Money Mart location
quickly and with no usage interruption.
A new report from Aite Group
provides an overview of branded prepaid card processors, and looks at
trends shaping branded prepaid card processing. The report evaluates
and profiles nine branded prepaid card processors:
eCommLink, Fidelity National Information Services, First Data, FSV
Payment Systems, Galileo Processing, i2c Inc., Metavante Corporation,
Springbok Services and TxVia. The processors were scored on elements
pertaining to their business
strengths and weaknesses, and the functionality of their offerings. As
the market continues to grow and legislation threatens to change the
way branded prepaid issuing is done, processors need to invest in
technology to play a significant role in meeting all new demands and
remain competitive. The technology platform utilized by the profiled
processors dictates how that processor will implement changes and move
beyond the status quo. It is important that processors invest in newer
technology in lieu of adding more patches to an antiquated processing
system that continues to approach the end of its life.
TX-based PreCash, processing service Galileo and prepaid product
provider Green Dot have partnered to offer
PreCash’s prepaid debit card-holders the ability to add cash to
their cards at nearly 50,000 additional U.S. retail locations by using a
“Green Dot MoneyPak”. To promote this new reloading option, Green Dot
and PreCash will be offering
PreCash’s Vision Premier((R)) Prepaid Visa((R)) Card with Direct Deposit
cardholders a “First Load Free” reward through the holiday season. For
Vision Premier Prepaid Visa Card cardholders who load their cards with a
MoneyPak between August 5, 2009 and December 31, 2009, PreCash will
rebate the load fee within four weeks of the transaction with a
In addition to Direct Deposit, PreCash cardholders can now
load cash onto their cards at more locations nationwide, including
CVS/pharmacy, Rite Aid, Kmart and Kroger. PreCash offers the Vision
Premier Prepaid Visa card and other prepaid Visa and MasterCard
debit card program management services, real-time cash bill payments,
prepaid wireless refills and payroll card products.
Having originally collaborated in 2003, Travelport and PSP International
have forged another strategic relationship to develop their
collaborative joint venture company focusing integrated payment
solutions for the travel industry. Completed on June 24, 2009, the joint
venture is to be branded “eNett – A Joint Venture with Travelport,” in
which Travelport holds a majority stake, and leverages the existing
payment and settlement capabilities already established by PSP
International in the Pacific region through Travelport’s world-wide
travel product distribution capabilities and relationships. “eNett”
products will enable automated payments, settlement and reporting
between travel agencies and travel product suppliers, supporting debit
cards and other increasingly relevant alternative forms of payment which
are not well supported today. Travelport travel conglomerate offers
broad-based business services to companies operating in the global
travel industry, had 2008 revenues of US$2.5 billion, has operations in
160 countries and has over 5,500 employees while PSP International
provides payment solutions tailored to specific verticals.
Mobile payment provider Bling Nation has secured $8 million in Series A Funding.
Lead investor Lightspeed Venture Partners has provided $6.3 million
with the remaining $1.7 million raised primarily from Meck, Ltd., which
invested an initial $5.3 million in Bling Nation, and CampVentures.
Bling Nation announced June 22, its first bank customer, Colorado-based
The State Bank. The bank went live on May 21 with the Bling Nationâs
Payments Service, which is marketed as Redi Pay Bling, an alternative to
expensive, traditional payments networks and accompanying rewards
programs. Within three weeks of implementation, the bank had activated
25 percent of its customers on the payments network and opened more
merchant accounts in that span than in the past two years combined.
Corporate travel payment solution provider AirPlus International has promoted Aaron Kelling to EVP, Strategic Partnerships.
Alexander Houston to EVP, Sales and Kathy Cantwell has been promoted to VP, Client Services. Formerly serving as AirPlus Vice
President, Sales and Account Management for the Northern US and Canada,Kelling will now have responsibility for the entire US market.
Prior to joining AirPlus Kelling was with American Express as
Director of Business Development as well as with Galileo International in
various roles including Director of Global Strategic Sales. During his time
with Galileo, Kelling was prominently featured in an article for Forbes
magazine entitled, âLife of a Salesman.â Formerly serving as Vice President Sales for the southern US region, Houston is well-rounded and possesses over 30 years of diverse travel
industry experience and is an active participant in industry
associations and events. Cantwell, formerly Director, Customer and
Agency Relations, has 20 years of travel industry experience in both
technology and international integration capacities and joined AirPlus
during its initial launch in the US market just over five years ago.
A new report has discovered that prepaid card industry
stakeholders are bearish on private label prepaid cards, and cautiously
optimistic about the future of branded prepaid cards. The Aite Group research found that 82% feel the recession will have a negative impact on private label prepaid cards (mostly composed of merchant gift cards), while the majority of respondents (71%) see a positive impact of the recession on branded prepaid cards overall, largely driven by branded government cards, consumer incentive cards, payroll cards, and health care cards. In order to improve the market for prepaid cards as a whole, most agree that greater efforts must be made to educate the public on the benefits of prepaid cards. Technologies could also be better leveraged to improve the reload process.