Live Nation Entertainment, the world’s largest live entertainment company, has inked a deal with Appetize for full suite of POS products. The deal is expected to roll out the payment platform across 32 of the company’s U.S. venues.
U.S. Bank Corporate Payment Systems has ankled Jeffrey Jones as president, succeeding Kurt Adams, who left the bank earlier this month. A 32-year U.S. Bank veteran, Jones has been head of its Global Treasury Management group since 2001. His appointment is effective today.
CardWeb.com’s CardData database of Company Profiles today features Trustonic.
Judo Payments mobile-first payments platform has successfully closed an additional £6M in funding for expanding its mobile commerce, led by Route 66 Ventures. They also announced partnerships with KFC for online payments. Last year Judo partnered with coffee chain Harris + Hoole to produce an award-winning app, “Retailer of the Year” at Payments Awards 2014, that allows customers to pay without having to touch, tap or scan at the counter. The £6M extra investment will be used primarily to increase the resources of the team as Judo looks to expand its existing business and products in Europe and enter into new geographic territories later this year. The Judo platform offers mobile-specific fraud prevention and API level transaction routing.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Robert Hammer, CEO and Founder of R.K. Hammer.
GoHenry banking tools for young people announced new features to help children and teens to easily budget and save. The feature has been introduced to kick off the New Year, when many of us set new goals for our financial lives. It’s been designed to encourage and motivate young people to plan and spend their pocket money and allowances wisely and stay within their means. Children and teens using goHenry now have the option to create multiple Savings Goals so they can save for the things they need and want. goHenry then suggests how much a user should save each week to reach their goal and automatically sets aside a recommended amount on a weekly basis to hit that target. Parents and relatives have the option to contribute towards Savings Goals if they wish. Users set the amount they need and set the date for when they want to reach their Savings Goal. Then goHenry suggests how much the child/teen needs to save each week to reach their goal and automatically pulls the amount they need each week from their pocket money payments into their Savings Goal.
Bank card default rates set a new historical low in November with a reported rate of 2.59%, down one basis point from the previous month. However, the composite consumer default rate edged up one basis points.
The FDIC stopped neutrally enforcing regulations designed to protect consumers and ensure the safety and soundness of the nation’s banks, and then pursued their own personal political agenda and attempted to shut down legal businesses these officials did not like.
CA-based Blackhawk Nation has closed on its transaction to acquire TX-based CardLab. CardLab.com is among the largest online stores focused solely on prepaid incentive cards. CardLab currently supports over 9,000 corporate clients.
VeriFone Mobile Money and Airtel Africa reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across their 17 operating companies in Africa. VeriFone Mobile Money’s Tap n Pay applications are a smart, secure and fast way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale. VeriFone Mobile Money has signed a group master agreement for the delivery of its merchant enablement solutions to Airtel Africa part of the Bharti Airtel Group of companies with operations in 20 countries across Asia and Africa.
MoneyGram money transfer and payment services company and Canada Post extended their agreement to provide MoneyGram services at Canada Post locations through 2020. Through this collaboration, MoneyGram will continue to offer fast and convenient money transfer services at more locations in Canada than any other provider. In addition to domestic and international money transfers, MoneyGram also offers bill payment services at Canada Post locations, providing consumers the ability to make payments for necessities such as phone services, home mortgages or automobiles.
RewardsNOW loyalty programs for financial institutions announced Data Center (DCI) has partnered to provide loyalty and merchant funded rewards program services to its financial institution clients. DCI provides core processing software and related technologies for hundreds of community banks nationwide. RewardsNOW will provide DCI’s community bank clients with a fully comprehensive, enterprise-wide loyalty program consisting of a customized program website and access to RewardsNOW’s merchant funded rewards platform, including its local merchant funded shopping program, Shop Main Street; a merchant discount coupon program; and an integrated mobile application.