MasterCard says everyone will able to pay with their contactless-enabled device for high value payments (above £30 in the UK) at all contactless terminals in Europe by 2017.MasterCard already announced last year that contactless would be accepted at every point of sale across Europe by 2020.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Bella Stavchansky, Division President, High Growth European Markets Region, MasterCard.
PSCU announced the appointments of Cathy Pace, President and CEO, Allegacy Federal Credit Union, Winston-Salem, North Carolina; and Andrew Rosen, President and CEO, Hawaii State Federal Credit Union, Honolulu.
CardWeb.com’s CardData Reports today features the
Middle Market Power Index: Taking the Global Stage from American Express and Dun & Bradstreet.
PSCU has announced that Community 1st Credit Union has joined the nation’s leading CUSO after an extensive partner evaluation process. The credit union, which currently has more than 55,000 members, $530 million in assets, and 16 locations in 14 cities, signed a five-year deal with PSCU.
Chuck Fagan is returning to PSCU after a two-year stint at
the Credit Union Executive Society (CUES). Acting CEO Tom Gandre will return to his role as Executive Vice President and Chief Operating Officer on April 27 when Fagan takes the reins.
China UnionPay (CUP) and China Construction Bank (CCB) have entered Russia with two UnionPay CCB debit cards.The new debit cards issued take Ruble and US dollar as the settlement currency, respectively.
In the fourth quarter tap transactions in Europe grew by 174 % year on year and tappers increased their usage by more than 20%. Transit is a proven driver of contactless adoption by consumers.
Trucoin announced that customers in 26 states can now buy bitcoin using their Visa or MasterCards online, a partnership with BitPay to sponsor the Bitcoin St. Petersburg Bowl. Trucoin will be the preferred Bitcoin ATM provider at the St. Petersburg, FL event that will be broadcast to millions by ESPN.
One of the leading retail companies in Russia, is improving customer service and the overall brand experience by deploying NCR SelfServ Checkouts at its stores in Moscow, Ekaterinburg and St Petersburg.
Of the initial 500 financial institutions that have signed-up for Apple Pay and the two-thirds majority of credit unions, an estimated 90 of PSCU’s credit union member-owners are at the sponsor level. PSCU says the future of credit union relevance depends on how well credit unions understand and participate in the Millennial Shift and the digital revolution.
PSCU’s all-night geek competition among credit unions to develop an app concept to address consumer demands and financial service issues is over. The winner is a balance-transfer app that safeguards user’s account information.