Visa has ankled former Acting U.S. Trade Representative Demetrios Marantis as Senior Vice President, Global Government Relations.
Toronto-based GreenCoinX has formed an Advisory Board to assist in the further development of GreenCoinX, the world’s first identifiable crypto currency. GreenCoinX identifies users and facilitates the collection of user defined optional taxes by worldwide governments.
Retail Velocity signal management and retail execution announced the expansion of their Velocity POS Data Sharing Knowledgebase. Designed to educate the CPG manufacturer community on the availability of direct POS (or ePOS) from over 300 retailers and distributors, registered visitors to the Retail Velocity website can quickly identify what type data each Retailer makes available to their manufacturer partners. Velocity® (http://www.retailvelocity.com/solution/repository.php) is an enterprise Demand Signal Repository (DSR) that delivers retail insights and in-store visibility providing a single source of “Big Data” analytics for consumer goods manufacturers to drive their sell-through and profitability at the store, item and SKU level. Velocity provides actionable insights to all areas of the manufacturer including C-Level suite, category management, sales, market research, customer logistics, finance, merchandising and demand planning.
A team of veterans from some of the biggest companies in banking, retail and e-commerce – including former eBay and Best Buy CMO Mike Linton, former Visa executive Jim Taschetta and ClairMail founder Joe Salesky – announced at FinovateSpring 2011 its “FreeMonee” national cash-gift network. The “FreeMonee” solution will let merchants give “gifts” directly to individual credit and debit cardholders through participating financial institutions. FreeMonee gifts are cash incentives that function like a gift card on an individual’s debit or credit card. With FreeMonee gifts, consumers can purchase anything they choose at the designated merchant — no strings attached — by simply using their debit or credit card. It delivers high value gifts to the right consumers at scale with its Adaptive Matching Technology (AMT), which analyzes the transaction data of hundreds of millions of debit and credit card holders – while protecting privacy – and precisely matches merchant gifts with profitable consumer prospects that are likely to redeem based on previous purchasing patterns and predictive analytics.
Retailer Debenhams has selected “nuBridges Protect” to secure customer credit card numbers and comply with the Payment Card Industry Data Security Standard (PCI DSS), without expanding its IT infrastructure. Debenhams is leveraging nuBridges’ award-winning nuBridges Protect data security solution to handle the encryption and tokenisation of credit card information collected at its 159 stores located throughout the UK and Ireland, as well as its online store. nuBridges Format Preserving Tokenisation(TM) data security solution enabled Debenhams to implement tokenisation across its heterogeneous IT infrastructure throughout its retail, order management and data warehouse systems, without costly programming modifications to applications and databases or requiring additional computing resources to hold encrypted cardholder information.
Tokenised credit card numbers expose only the first four digits of the card numbers, which limits the incidences where the full card number appears to authorised employees, solving a key data security issue. Because nuBridges tokens retain the size of the original credit card number, applications and business processes run without modification while adding an extra layer of security to cardholder information.
Montise plc has appointed Jan Verplancke, Chief Information Officer for
Standard Chartered Bank, to its board as a non-executive Director.
Citing his wealth of experience and understanding of the latest
developments and trends in international banking/payments, existing
Montise executives feel Jan is a perfect fit on the board. Verplancke
joined Standard Chartered in March 2004, responsible for all systems
development, technology support and banking operations, following his
role as CIO-EMEA for Dell where he achieved considerable cost reduction,
process improvement and expansion into new markets.
VISA USA has launched a new TV spot showing New Yorkers making small ticket purchases via “Visa payWave” and swipe transactions. The new commercial coincides with a partnership with Creative Mobile Technologies that will enhance the payment experience for New York taxi passengers. The Taxi & Limousine Commission has mandated that beginning October 1st all 13,000 medallion yellow taxicabs are to install an interactive electronic passenger map and information screen, and credit/debit card acceptance. To date, there are approximately 7.3 million “payWave” cards issued worldwide and more than 31,000 merchant locations in the USA accept “Visa payWave.” VISA says its research shows that increasingly consumers want to use a payment card for purchases under $25 for convenience (73%), efficiency (44%) and speed (39%).
Silver Lake and ValueAct Capital have agreed to acquire Acxiom Corporation for $3 billion. Under the terms of the agreement, Acxiom stockholders will receive $27.10 in cash for each outstanding share of stock. This represents a premium of approximately 14 percent over the closing share price on May 16, 2007, the last trading day before disclosure of the agreement with Silver Lake and ValueAct Capital with respect to the acquisition of the company and a premium of approximately 20 percent per share over Acxiom’s average closing price per share during the 30 trading days ended May 16, 2007. The merger agreement provides that Acxiom may solicit and entertain proposals from other companies during the next 60 days. In accordance with the agreement, the board of directors of Acxiom, through the special committee and with the assistance of its independent advisors, intends to actively solicit other proposals during this period. Acxiom Corporation integrates data, services and technology. Silver Lake is an investment firm focused on large scale investments in technology, technology-enabled, and related growth industries.
Dallas-based Alliance Data Systems is going private following a deal to be acquired by Blackstone Capital Partners for about $7.8 billion in cash and debt assumption. Blackstone will acquire all of ADS common stock at $81.75 per share in cash, representing a 30% premium over yesterday’s closing price. The deal is expected to close year-end. ADS posted record first quarter revenue of $549.2 million, a 15% increase over the year-ago quarter. Net income rose 1% to $56.9 million driven by strong performance in its Marketing Services unit, according to CardData ([www.carddata.com]). The ADS/Blackstone deal follows last month’s news that First Data signed an agreement to be acquired by Kohlberg Kravis Roberts for about $29 billion. Under the agreement, FDC shareholders will receive a premium of approximately 34%. (CF Library 4/2/07; 4/19/07)
Dallas-based TNB has acquired an additional five credit card portfolios from credit unions in MO, MI and TX and now issues cards for credit unions in 19 states. Card portfolios were acquired from Heart ‘O Texas of Waco, Texas; Mountain Star Federal Credit Union of El Paso, Texas; Kensington Valley Community Credit Union of Highland, Michigan; Southpointe Credit Union of St. Louis, Missouri; and Jeffco Credit Union of Festus, Missouri. TNB Card Services, owned and directed by credit unions since 1976, provides electronic payments processing, as well as an agent issuing solution for credit unions nationwide.
Euronet Worldwide announced that Daniel Henry has decided to step back from his day-to-day role in the Company as president and COO at the end of the year. Euronet also announced three key management appointments Larry Fogelson, Steve Adams and Karyn Clewes Zaborny. Larry Fogelson was named as managing director of Euronet’s Veloz money transfer business. Steve Adams joins as director of operations of Euronet’s Europe, Middle East and Africa (EMEA) EFT business segment. Karyn Clewes Zaborny has been named SVP of human resources. The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 265,000 point-of-sale terminals across approximately 157,000 retailers in Europe, Asia Pacific, Africa and the U.S.
KS-based Euronet Worldwide confirms that Daniel Henry will resign his role as president and COO at the end of the year. Henry co-founded Euronet 12 years ago with Mike Brown, who serves as the Company’s chairman and CEO. Euronet also announced three key management appointments Larry Fogelson, Steve Adams and Karyn Clewes Zaborny. Larry Fogelson, formerly with First Data, was named as managing director of Euronet’s Veloz money transfer business. Steve Adams, formerly COO of Barclaycard’s International division, joins as director of operations of Euronet’s EMEA EFT business segment. Karyn Clewes Zaborny, formerly with Swiss Re will become SVP/Human Resources. Last month, Euronet Worldwide acquired Los Angeles-based RIA Envia, the third-largest global consumer-to-consumer remittance company. The Company also recently posted third quarter revenues of $161.7 million, an 18% increase over 3Q/05. Net income rose 17% to $10.4 million, compared to the third quarter 2005. (CF Library 10/25/06; 11/22/06)