TouchSuite has ankled payments veteran Richard Parrott as Executive Vice President focusing on the diversification of the company. This is a new position for TouchSuite.
CardWeb.com’s CardData database of Company Profiles today features Worldpay.
CardWeb.com’s CardData database of Company Profiles today features Virgin Money.
Bluefin Payment Systems has ankled Greg Cornwell to serve as Senior Vice President and Chief of Security Solutions, overseeing Bluefin’s Security Solutions team.
Through a partnership with Worldpay, the Rugby Football Union and MasterCard contactless acceptance is coming to all bars and concession stands at several stadia ahead of Rugby World Cup 2015.
London and Los Angeles-based inAuth snagged a new top executive from Monitise. Lisa Stanton, formerly the President of the Americas for Monitise, will now serve as InAuth CEO.
Overall customer satisfaction grew by 0.4% in the third quarter in the UK. Customer satisfaction with credit cards is up 3% to 79, highest among financial services.
Ulster Bank has joined the IBOS international banking network as a full member, which enables us offer banking services in Ireland to clients of other IBOS member banks, and also allows us offer the services of these banks to our Irish client base who continue to expand globally.
Payfont has been awarded £100,000 funding from Scottish Enterprise, helping to fund its online security to counter data theft disasters. The Anonymised, Distributed, e-Commerce Architecture (ADeCA) will protect organisations and their customers by managing distributed data fragments via a contextual security protocol. It makes a user’s data completely unique to that user, anonymous to others. This approach raises the bar significantly against Cybercriminals used to stealing large databases of data records that rely on standard encryption and linear access security methods.Cybercrime and its identity theft and money laundering consequences are now at epidemic proportions globally.The 2014 average data breach cost for a company is US$3.5m, up 15% on 2013.
Mobile banking users will likely exceed online banking users for the first time by 2019. A new report predicts 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year. The scale of the mobile banking challenge has been confirmed by the decreasing number of branch visits by consumers and also the closure of physical bank branches over the past 12-24 months.
The fastest growing region for MasterCard is getting a new payments processing center and new general multi-country manager. The APMEA region’s Gross Dollar Volume (GDV) for the first quarter 2014 (Q1/14) grew nearly 19% year-on-year (Y/Y).
Abu Dhabi-based First Gulf Bank has partnered with UK-based Monitise to launch new mobile banking services to consumers in the Middle East. First Gulf Bank has been a pioneer in digital banking and is convinced the future lies in mobile. Roughly 28 million consumers benefit from Montise’s patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’, accounting for $71 billion of payments, purchases and transfers annually among 3.4 billion mobile transactions.