China’s UnionPay has teamed with Société Générale and merchants in 8 African countries, namely Madagascar, Benin, Ivory Coast, Burkina Faso, Cameroon, Guinea, Senegal and Chad, to accept UnionPay cards.
Citi inked a deal with Raiffeisenbank to sell its consumer banking business in the Czech Republic. Citi intends to focus on expanding the services it offers to Czech corporations, banks and public sector clients as well as continuing to service its multi-national clients with operations in Czech and global investors.
NXSystems is rolling out two solutions to help the airline industry successfully track and manage international transactions while increasing efficiency and minimizing fraud.
Citi signed an agreement with Erste Bank Hungary Zrt. and its subsidiary Erste Befektetési Zrt. (Erste Investment) to sell its consumer banking business in Hungary.
CO-based CPI Card Group, a specialist in financial and EMV chip card production and related services, has ankled two key executives. David Brush will lead Finance, IT and Project Management Organization (PMO) activities for CPI and Lisa Jacoba will serve as Chief Human Resources Officer.
Digital River is expanding its marketForce global interactive marketing agency through a partnership with Beijing-based Netconcepts. The new partnership will enable Digital River to further extend its current marketing services in Asia Pacific and offer multi-national commerce clients additional access to localized, conversion-driven marketing services in China, Japan, Korea, Southeast Asia, Australia and New Zealand.
Yodlee was recognized as a winner of the Citi Mobile Challenge Latam 2014 from more than 50 finalists. The Citi Mobile Challenge is a global initiative whose goal is to find the best developers that are reimagining the financial technology industry. The Yodlee application for the Citi Mobile Challenge Latam invoked aggregation and voice technology to create an integrated user experience across multi-national geographies, accounts, and currencies to facilitate better money management, money movement, and more personalized Citi interactions with consumers and small businesses with global needs.
Prepaid card specialist, Blackhawk Network, has inked a deal to acquire Parago for about $290 million. Parago is a provider of end-to-end engagement management programs for consumers, sales channels and employees has more than 250 customers, including Fortune 100 companies, multi-national corporations and global consumer brands.
CardWeb’s CardExecs database today features June Lee Felix, President of Europe and member of VeriFone’s Management Committee. VeriFone is one of the largest payments service providers in the UK.
Global Payments Inc. participated in today’s “Draft Day” at the newly-opened Cristo Rey Atlanta Jesuit High School in Midtown Atlanta. Global Payments Inc. is one of the largest worldwide providers of payment solutions for merchants, value added resellers, enterprise software providers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, South America, Europe and the Asia-Pacific region.
MICROS Systems, which is being acquired by Oracle, teams with Elavon to integrate their respective gateway and security products to deliver encryption and tokenization for the hotel and food and beverage industries. Teaming MICROS Payment Gateway and Elavon’s Fusebox gateway is a major breakthrough for the hospitality industry .
Citi signed an agreement with Banco Popular to sell its consumer banking business in Spain. Targeted to close in the third quarter of 2014, the sale includes approximately $2 billion in GAAP assets, $3.2 billion in assets under management, 1.2 million customer accounts, $2 billion in loans and $2.8 billion in deposits. Approximately 950 consumer banking employees, 45 Citi branches and the ATM network in Spain will transfer to Banco Popular. Citi intends to focus on expanding the services it offers to Spanish corporations, private bank and public sector clients as well as continuing to service its multi-national clients with operations in Spain.