SPECTRA Technologies
CardWeb.com’s CardData database of Company Profiles today features SPECTRA Technologies, an electronic transaction solutions specialist.
Timothy Cheung
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Timothy Cheung, president and CEO of Datacard China.
Payday Loan Scam
A Missouri online payday loan company has been shuttered by The Federal Trade Commission (FTC). The firm allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts.
GiftCards.com Acquires Mobile Start-up Company
GiftCards.com acquired Giftly mobile gifting app to build a digital and mobile commerce platform in the $110 billion gift card industry. GiftCards.com commands strong positions in both the plastic and digital gift card spaces and prints on-demand custom gift-cards in its own facility. It offers personalized, pre-designed, virtual, local, group, and discount gift cards. Meanwhile, Giftly lets consumers buy and deliver digital gifts via its website and free app. Giftly has pioneered a new platform for gift cards which sends gift credits to recipients when they redeem a gift, rather than issuing plastic cards, and requires no point of sale integration.
First Data Launches OfferWise Solution for Merchants
First Data Corporation electronic commerce and payment processing announced the extension of the First Data “OfferWise” solution to all offer publishers and the first wave of First Data’s network of more than four million U.S. merchant locations. Over 500,000 merchant locations are now enabled to leverage the OfferWise solution for customized offers programs and other electronic incentive solutions, with more than 100 publishers using the platform to develop innovative, card-linked services. This same group of First Data merchants generated tens of billions of dollars in transaction volume at the POS both online and in-store in 2011. The open platform simplifies the offer redemption process and creation of card-linked services for consumers and merchants. It allows offer publishers or application developers to electronically attach offers such as deals, eCoupons and loyalty programs to one or more of a consumer’s payment cards or mobile wallet to enable streamlined and automatic redemption of the offer at the point of sale.
Wells Fargo Appoints Top Payment Services Execs
Wells Fargo’s International Group has named Charles Kohler deputy head for GPS and Timothy Merrell director of Payments Consulting, Strategy and Customer Experience for GPS. Kohler will manage sales, liability and liquidity products as well as monitor and mitigate payment system risks. Merrell will develop strategy for new and core payment services as well as the overall customer experience. Both are based in New York and will report to George Doolittle, head of Wells Fargo’s GPS.
American Express, National Trust for Historic Preservation to Award $3mm in Grants to Historic NYC
American Express, National Trust for Historic Preservation to Award $3 Million in Grants to Historic Places in New York City This spring, New York City will make history to save history. American Express and the National Trust for Historic Preservation announced today that New York City will be this year’s location for Partners in Preservation,…
That’s Still the Way I See It
R./K. Hammer company Founder and CEO Bob Hammer is known for writing hundreds of card opinions and research reports, and at last count public records show R.K. Hammer branded materials have been cited 650 times in virtually every major financial card-based publication in the U.S the past two decades. He has done card business projects…
MasterCard Names President, Access Prepaid Worldwide, and Group Executive, IPS
Steve Grigg has been appointed president of MasterCard’s Access Prepaid Worldwide subsidiary and Cathy McCaul has been named group executive of MasterCard Integrated Processing Solutions (IPS). Grigg has been named President of Access Prepaid Worldwide after serving as chief information officer at Travelex, from which MasterCard its acquired prepaid card program management business in 2011- now Access Prepaid Worldwide. Before this he was COO of Vocalink. McCaul has been appointed group executive responsible for leading MasterCard’s IPS business. McCaul joined MasterCard Worldwide in March 2008 and led the global Cardholder Solutions business. In July 2010, she was named group executive, Global Products & Solutions, U.S. Markets.
FSV Payment Systems Promotes Three Execs
Darryl Clukey has joined FSV Payment Systems branded prepaid debit card products and processing services as Senior Vice President, Client Services. Meanwhile, Timothy Leonard has joined the Company as Controller and Matt Frye has been named the company’s Senior Vice President, Product Development. Darryl Clukey was most recent VP, Client Services with AdvancedMD Software while Tim Leonard was most recently CFO of both GMIS Inc. and DBT Online Inc. Frye will focus on fostering strategic partnerships and developing FSV’s next generation of innovative products and services.
MasterCard Names Managing Director, Access Prepaid Worldwide
MasterCard Worldwide announced Debra Janssen has been appointed managing director of MasterCard’s Access Prepaid Worldwide subsidiary. Janssen will oversee operations and continue to advance the Access Prepaid Worldwide business, which is focused on the management and delivery of consumer and corporate prepaid travel cards to business partners around the world, including financial institutions, retailers, travel agents and foreign exchange bureaus. She will add this position’s roles and responsibilities to her current purview as group executive, Integrated Processing Solutions (IPS) at MasterCard, given her experience as executive vice president of EFT Processing Services for Fidelity Information Services and president of Debit Services Group and the STAR Network at First Data Corporation.
Advenware Launches PCI Compliant SaaS Service
Advenware e-commerce website developer is set to host their Software-as-a-Service (SaaS) solution on Online Tech’s fully managed cloud. The managed cloud hosting service passed PCI DSS Level 3 penetration testing to meet PCI compliance standards. The SaaS solution allows small to mid-sized companies develop e-commerce websites quickly and efficiently. To provide a seamless checkout experience for clients’ buyers, Advenware integrated CCNow, a Digital River Company, into their SaaS solution. Advenware achieved PCI compliancy as a Level 3 Server Provider back in April, which allowed Online Tech to become a SAS 70 Type II and SSAE 16 data center operator, helped Advenware meet the requirements of PCI DSS without investing capital costs.