The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its second installment.
The Bancorp Finetics Studio video series, which features one-on-one conversations with more than 30 of the financial services industry’s most influential and innovative executives, has released its first installment.
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.
Moneris Solutions and UnionPay have inked a deal enabling Moneris merchants to offer UnionPay card acceptance to UnionPay cardholders in Canada for traveling, study, living and business.
Nottingham-based Compass Plus announced that its open development payment platform, TranzAxis, has now been fully certified to support Futurex’s Excrypt SSP9000 hardware security modules (HSMs).
Vantiv, Inc. announced an agreement to acquire Mercury Payment Systems, LLC for an aggregate price of $1.65 billion. Mercury is a payment technology and service leader whose solutions are embedded into point-of-sale software applications and brought to market through their dealer and developer partners. Mercury is currently majority-owned by Silver Lake, a global leader in technology investing.
In conjunction with this past week’s Dynamics release, Radical Studios launched its Radical Comics experience reward for the battery-powered Dynamics ePlate credit card device. This allows consumers to earn Radical Comics-related products with every purchase. The Radical Comics experience™ reward allows consumers to earn comic book images by making purchases with their Dynamics ePlate credit card device. As sets of images are collected, consumers can redeem the sets for items such as graphic novels, autographed lithographs, and autographed comic books once they sign up for he offering.
Island Pacific Systems will exhibit January 16 – 17, 2012 at the National Retail Federation (NRF) Annual Expo at Jacob Javits Convention Center in New York City. Island Pacific has developed and deployed integrated software solutions that enable retailers to manage the entire scope of their operations. The highlight this year will be the latest in Island Pacific SmartRetail, the new interface application, the launch of Island Pacific Mobile applications, and the latest release of Merchandising Suite, Direct, Planning, and Store Operation suite. Island Pacific Direct provides a platform for multi-channel operations with the functionality and flexibility needed to serve customers across multiple channel touch points. Island Pacific will also be showing the latest version of Store, a feature rich POS and store operations solution, designed to be customizable, scalable, multi-currency capable and PCI compliant.
LCH.Clearnet Group Ltd (LCH.Clearnet) has appointed Lisa Rosen as Group Head of Compliance and Public Affairs. Previously, Lisa was Managing Director, Global Head of Regulatory Affairs at Barclays Capital in London. Here she will oversee LCH.Clearnet’s regulatory and lobbying activities. She will report to Christophe Hémon, Group COO. Lisa joined Barclays Capital after ten years at Merrill Lynch, where, latterly, she was First Vice President, Head of Litigation and Contentious Regulatory Matters Europe, Middle East & Africa.
MasterCard Worldwide announced a $1 million grant to the Network for Teaching Entrepreneurship (NFTE) to support entrepreneurship education programs for middle and high school students in low-income communities. It will support NFTE’s core U.S. school-based youth entrepreneurship program that provides hands-on learning and classroom lessons on mathematics, analytical skills and management and planning. MasterCard employees will also have an opportunity to get involved as volunteer educators, helping to create digital “master classes” that teachers across the world can access on-demand to supplement their daily lessons. Over the past two decades, more than 350,000 NFTE graduates have been taught the fundamentals of becoming financially independent by running their own businesses.
Credit card solicitations last year rose to 2.73 billion from 1.39 billion in 2009 and are approving increasingly more credit card applications and are projected to increase throughout 2011. However, getting a card will probably cost them more, due to higher interest rates and fees. This, according to market research firm Synovate’s “Mail Monitor,” is despite the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD). Card companies are finding new ways to charge consumers while the Act was passed to prevent American Consumers from severe financial hardship.
FIS banking and payments technology âDutch auctionâ tender offer for the purchase of up to $2.5 billion of shares of 171,705,905 shares of its common stock were properly tendered and not withdrawn in the tender offer at a price of $29.00 per share. Additionally, 49,528,300 shares were tendered through notice of guaranteed delivery at such prices. Due to the tender offer being oversubscribed, FIS expects to purchase only a prorated portion of the shares properly tendered by each tendering stockholder at or below the final per share purchase price. FIS expects to purchase approximately 86,206,896 shares of its common stock at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000.