U.S. Bank Corporate Payment Systems has ankled Jeffrey Jones as president, succeeding Kurt Adams, who left the bank earlier this month. A 32-year U.S. Bank veteran, Jones has been head of its Global Treasury Management group since 2001. His appointment is effective today.
Germany is one of Europe’s largest payment cards markets, and is the third-largest in terms of annual card transaction value. It is still far from being recognized as a fully mature market, however, as the average number of monthly card transactions by consumers in Germany was 2.5 in 2014, much lower than France (9.4) and the UK (6.5).
Elo, the largest Brazilian credit card brand, has inked a del with Discover to allow acceptance of Elo Global Cards for international purchases and cash access outside of Brazil on the Discover Global Network, which includes Discover Network, Diners Club International and the PULSE network.
More than 500,000 Bangladeshi freelancers can now receive payments from international companies more quickly and cost-effectively thanks to partnership between Payoneer and Bank Asia.
Luxembourg-based Yapital and TOTAL have teamed to deliver the first European cashless cross-channel payment solution. The rollout to the TOTAL petrol station network in Germany will be completed by summer 2015.
Diners Club International, part of the Discover Global Network, and Bangkok Bank are set to implement their merchant acquiring partnership. Under the agreement, merchants using the Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC Global, DinaCard and RuPay cards, which are all part of the Discover Global Network. The Discover Global Network is the third-largest payments network in the world, operating in more than 185 countries. Diners Club International became the first multi-purpose charge card in the world, launching a financial revolution in how consumers and companies pay for products and services.
ZTE Corporation network solutions and mobile devices launched a new range of smartphones and data cards in India to provide consumers in the country with a choice of high-performance devices to enhance their mobile experience. ZTE is offering six new smartphones, including the Quad-Core ZTE Grand X, featuring a brilliant 5-inch high-definition screen, in India, partnering with Calyx Telecommunications to make the devices widely available to consumers across the country. In addition, ZTE is introducing four new data cards together with partner Digilife to meet the needs of India consumers for high-speed data access. ZTE, one of the world’s Top 5 mobile handset and smartphone manufacturers, provides consumers around the world a wide choice of innovative and feature-rich devices, ranging from entry level to high-end smartphones, delighting users with thoughtful and intuitive design features that improve their mobile experience.
ZTE Corporation telecommunications equipment, network solutions and mobile devices, launched a new range of smartphones and data cards in India to provide consumers in the country with a choice of high-performance devices to enhance their mobile experience. ZTE is offering six new smartphones, including the Quad-Core ZTE Grand X, featuring a brilliant 5-inch high-definition screen, in India, partnering with Calyx Telecommunications to make the devices widely available to consumers across the country. In addition, ZTE is introducing four new data cards together with partner Digilife to meet the needs of India consumers for high-speed data access. ZTE, one of the world’s Top 5 mobile handset and smartphone manufacturers, provides consumers around the world a wide choice of innovative and feature-rich devices, ranging from entry level to high-end smartphones, delighting users with thoughtful and intuitive design features that improve their mobile experience.
Gemalto digital security is supplying Mobile TeleSystems (MTS) its “UpTeq NFC” high-end SIM cards for a mobile phone-based public transport ticketing solution. Designed and personalized at Gemalto’s Moscow service center, the solution can deliver increased efficiency and responsiveness for the swift deployment of MTS’ NFC program. In conjunction with Zolotaya Korona Russian payment and money transfer system, the ticketing service allows users to pay for journeys on buses and the metro in Novosibirsk, the country’s third-largest city, simply by tapping their mobile phone on an NFC reader. Over 95% of public transport turnstiles and terminals in Novosibirsk are already equipped with NFC readers and the new system is designed to replace the current paper tickets.
The Board of Directors of First Data Corporation announced that Frank Bisignano has been named chief executive officer (CEO) and the board of directors. Previously, Bisignano most recently served as Co-Chief Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the largest providers of banking, lending, treasury, wealth management and investment services that serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, nonprofits and governments. Bisignano also was the chief executive officer for Citigroup’s Global Transactions Services business and a member of Citigroup’s Management Committee and was the Chief Administrative Officer for Citigroup’s Corporate and Investment Bank, a senior executive vice president and Citigroup’s firm-wide deputy head of technology and operations.
Fiserv financial services technology solutions announced that United Community Banks has extended and expanded its partnership, and will continue to operate on the Premier bank platform. In addition to new deployments of card services solutions from Fiserv, United Community Banks will implement a host of additional Fiserv solutions, selected for its innovation, integration and scalability. United currently utilizes “Business Process Manager” for new account and process management, “CheckFree RXP” for bill payment, “Popmoney” for person-to-person payments and “Merchant Source Capture” for remote check deposits, along with several other Fiserv solutions.
Fiserv financial services technology introduced its “SpotPay”mobile card reader solution for financial institutions to offer to their small business customers. This allows merchants to accept card and check payments anywhere, anytime, swiping payment cards with their mobile device to. It offers merchants the ability to deposit checks using the mobile remote deposit capture feature from Fiserv that allows users to securely take a picture of the front and back of a check and deposit the item electronically. Now available to financial institutions that are part of the ACCEL/Exchange® payments network, they can offer “SpotPay” to their small business and merchant customers as a way to provide them with a secure, convenient and low-cost solution to collect credit and debit card payments as well as to remotely deposit checks. The solution has strong fraud prevention tools and makes card transactions easy to accept with security designed to decline counterfeit cards.