For Pakistan to harness the full potential of digital commerce, strong collaboration is required among mobile operators, financial and payments companies and governmental agencies. By 2020, 3G coverage is expected to reach 90% of the country’s population.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Craig Eckstrom, Chief Revenue Officer of Forter.
Belfast-based PiggyPot is expanding rapidly following a successful trial earlier this year. The company, who are on a mission to make it easier and more rewarding to set aside funds for the future, is looking to grow it’s team with four new full-time positions ranging from iOS and Backend Developers to Designers.
Capital One is gobbling up Level Money, however it will continue as a free, separate app. Since October 2013, more than 700,000 people have downloaded the Level Money app.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Pierre J. DuPré, the Chief Information Officer of JetPay.
PA-based JetPay has ankled Pierre (Pete) J. DuPré as Chief Information Officer of the Company. DuPré brings to JetPay a 30 year career in IT, software engineering and product development.
Global Payments entered a definitive agreement to acquire Ezi Holdings Pty Ltd (Ezidebit) for AU$305 million, an integrated payments company focused on recurring payments verticals and markets its products through a network of integrated software vendors and direct channels to numerous vertical markets. The transaction is expected to close during the second quarter of Global Payments’ 2015 fiscal year, subject to receipt of regulatory approvals in Australia and the satisfaction of customary closing conditions. Global Payments expects the transaction to contribute approximately US$25 million in revenues and to be slightly additive to total company cash operating margins. Additionally, it is anticipated that the transaction will be modestly accretive on a cash earnings basis for fiscal 2015 and dilutive to fiscal 2015 GAAP earnings per share.
Delivering a personalized, distinctive banking experience to Bellco Credit Union, Diebold, Incorporated worked in tandem with Bellco to design the credit union’s new Stapleton Branch located in Denver. The technology-based branch enables members to conduct efficient, self-service transactions on one of three deposit automation-enabled Diebold Opteva® Branch Performance Series™ in-lobby teller terminals, all the while encouraging a more personal interaction between members and branch staff.
Discover Financial Services is on InformationWeek Elite 100 — a list of the top business technology innovators in the U.S. Discover made the list by developing a new application that provides a fully comprehensive, customer-centric view and supplies account managers with better data and up-to-the-minute information, allowing them to provide superior customer service. Unique among corporate rankings, the InformationWeek Elite 100 spotlights the power of business technology innovation. The InformationWeek Elite 100 research tracks the technology-based investments, strategies, and results of some of the best-known organizations in the country.
NCR announced that Cumberland Building Society will be migrating its NCR ATMs to Windows 7. Cumberland Building Society is achieving this by deploying NCR Financial Services solutions, thereby improving the overall customer experience and maintaining its position as one of the U.K.’s most innovative financial institutions. Cumberland Building Society continues to expand its network of NCR SelfServ 25 ATMs in additional branches across the region. The provision of these advanced ATMs aims to improve customer service with better availability and access to services for their members. Issuing contactless EMV payment cards, rather than traditional EMV cards requires an upgrade to the chip to handle contactless transactions. There are other benefits that migration to Windows 7 can afford financial institutions such increased operational efficiency, as installation and maintenance take less time, and the ability to support the most innovative, up-to-date hardware.
Global Payments payment solutions acquired Payment Processing fully-integrated payment solutions for 58,000 small-to-medium sized merchants. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies. Under the terms of the agreement, Global Payments paid a purchase price of $420 million in cash.
Global Payments Inc. announced today an agreement to acquire PayPros which is a California based innovative provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012. Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets. The transaction is expected to close by the end of Global Payments’ 2014 fiscal year. PayPros’ calendar 2013 annual revenues are anticipated to be approximately $100 million. Global Payments will provide further details when the transaction closes.