In today’s CardFlash News Que: STRAWHECKER (Branding); Fiserv (Tokenization); USAEPAY (Sage Payments); and Zchex (High Risk).
Omaha-based Prairie Cloudware nailed two funding rounds last year. The omnichannel digital payments services company also expanded its executive team as well as integral support and the beta availability of its Digital Payments Guardian.
Omaha-based Financial Transmission Network has introduced ETran Mobile to enable companies to unlock the power of mobile payments and work toward the strategic goal of simplifying receivables to process and post from a single platform.
Omaha-based DirectBuy has recently expanded its use of Financial Transmission Network ‘s cloud-based receivables processing platform, ETran, to process and manage all online merchandise order transactions for DirectBuy in the U.S. and Canada.
Credit card industry veterans and a credit bureau executive will make up the initial
members of Persolvoâs advisory board, which includes Carmine Dorio, SVP Progressive Financial Services,
Dan Buell, Vice President, Credit Services Marketing, Experian,
Jim Mahoney, former Sr. VP, Business Development, Apollo Enterprise
Solutions, John Furjanic, President, ROI Solutions and
Michael Walker, CEO, Payment Program Management Corporation.
Persolvoâs web-based settlement application allows creditors and
collectors to locate debtors enrolled in debt settlement programs,
analyze their account information to uncover highly-liquid settlement
opportunities and settle large volumes accounts online with hundreds of
debt settlement companies using Persolvoâs hosted settlement
CPI Card Group expands its “green” manufacturing initiative by using wind power to runs its Colorado plant. BofA introduces the new “Brighter Planet VISA” from Bank of America enables cardholders to earn one “EarthSmart” point for every $1 spent in purchases. VeriFone’s stock collapses after the Company reported that its financial reports for this year were not accurate. MasterCard introduces the first prepaid travel card with contactless technology. Discover Financial Services says it will take a $422 million impairment charge related to its “Goldfish MasterCard” and “Goldfish VISA” credit card business in the U.K. for the quarter ending November 30th. Metavante inks an agreement to offer its merchant clients full-service processing for all Discover Network card transactions. Omaha-based Planet Group has signed an agreement to acquire AZ-based Opticard Payment Services. Bankrate acquires Memphis-based Nationwide Card Services for $26.4 million in cash with a $7.0 million earn-out over the next two years. Payment card hologram specialist American Bank Note Holographics signs a deal to be acquired by communications specialist JDSU for $138 million in cash plus stock. GE indicates it is looking to sell or form a partnership for some of its GE Money services including its U.S. private-label credit-card business. Discover Financial Services buys the discover.com domain name, formerly used by Discover magazine, for $5 million. The European Commission decides to force drastic reductions on MasterCard Europe’s default cross-border interchange fees. Hypercom enters final negotiations to acquire the e-Transactions business line of Thales.
Omaha-based Planet Group has signed an agreement to acquire AZ-based Opticard Payment Services. Opticard provides end-to-end gift and loyalty solutions for retailers and merchants. Additional services include check authorization, debit, credit, ACH and electronic benefits transfer. Opticard currently supports more than 7,000 merchants. The Company processes over 20 million transactions per year at nearly 50,000 installed POS locations. Privately held Planet is a provider of IT consulting, payment-enabling technologies and transaction processing services. The acquisition is expected to close on January 1st.
GiftCertificates.com has expanded its line of prepaid gift cards to include corporate rewards cards. The new “GiftCertificates.com Rewards MasterCard” can be ordered in three formats. The first format allows the purchaser to choose a standard card design with customized messaging and a company logo co-branded on the card. Another option will give purchasers a standard card design with messaging options. The third offers a holiday-themed card. The new corporate card is issued by SD-based BankFirst. Earlier this month, GiftCertificates.com announced it is offering a co-branded “GiftCertificates.com MasterCard Gift Card” via Marshall Bank. (CF Library 11/7/07)
NE-based GiftCertificates.com has partnered with American Express Incentive Services to offer the “Persona” shopping Card to customers via their website. The Persona shopping card allows recipients to select from more than 170 retail, travel and entertainment establishments for electronics. The American Express-branded Card offered by GiftCertificates.com will also enable GiftCertificates.com customers to feature their own brand, logo, campaign theme or other messaging to help deliver positive reinforcement and increase impact. The incentive Card program will give employers the flexibility to offer a customized reward experience for their unique audience. GiftCertificates.com is a provider of gift certificates/cards and gifting advice for both consumer and corporate audiences nationwide. AEIS, a joint venture between American Express Travel Related Services Company Inc. and Maritz Inc., provides business-to-business reward solutions.
Omaha-based The Strawhecker Group, the largest consulting firm focused exclusively on the merchant acquiring and ISO community, announced it is expanding its consulting services to include the oil and convenience store verticals. Heading this new division is industry expert and TSG associate Rich Eyberg. Eyberg has extensive experience in this area, including five years managing a variety of functions at Alliance Data Systems, viewed as one of the top providers of processing services to the oil/convenience store marketplace.
Omaha-based First National Merchant Solutions has expanded its offerings in the business-to-business market with the addition of a prepaid solutions team. The prepaid card issuing and prepaid program management solutions allow merchants to brand and manage a variety of program needs. In addition to prepaid card solutions, First National Merchant Solutions provides credit and debit card processing, secure Internet commerce processing, Electronic Benefit Transfer card processing and check guarantee, authorization and collection, designed to help merchants control costs and fraud.
Omaha-based First National Credit Card Center has become the new consumer credit card issuer for Citizens Bank, a wholly owned subsidiary of Citizens Republic Bancorp. Citizens Republic Bancorp is the 43rd largest bank holding company in the U.S. The partnership with FNCCC represents one of the largest agent bank relationships in its portfolio. FNCCC is part of First National of Nebraska and has about $4.3 billion in credit card outstandings as of year-end 2006, according to CardData ([www.carddata.com]).