Worldpay says small business owners are the backbone of the UK economy, however many claim running their own company has proved tougher than imagined, and worry conditions are getting worse.
Ingenico has reached a new milestone with half a million terminals shipped in Indonesia. With the acquisition and successful integration of PT Integra Pratama in 2012, one of the leading players in the fast growing market of Indonesia, Ingenico has further expanded its footprint across South East Asia. Ingenico has grown to be the leading terminal supplier in Indonesia and confirmed its position with the four major acquirers, in line with Ingenico’s growth strategy.
1Pay by Evolution1 continues to receive industry recognition, most recently winning a 2013 Paybefore Award for benefits card innovation for its Benny Prepaid Benefits Card. 1Pay is a suite of payment solutions offered by Evolution1 with innovation ranges from patented card processes to flexible automated provider payments and reimbursements that use best-in class web, virtual payment, printing, and mobile technologies. With the Prepaid Benefits Card from Evolution1, participants experience seamless, hassle-free, and highly paperless processing of their HSA, HRA, and FSA claims and reimbursements – all without complicated IT costs, transaction fees, and extra work for administrative staffs. Use of the card helps eliminate mounds of paperwork and countless hours of tedious processing. Claims are submitted and substantiated automatically, payments are made directly to providers, and consumers pay no out-of-pocket expenses at the time of service. Evolution1 and its Partners saved its customers and their employees more than $2 billion in 2012 through annual healthcare cost reductions and tax savings.
American Express announced the promotion of Edward P. Gilligan to president, having served as vice chairman since 2007. He was previously named head of a Business-to-Business, responsible for the company’s relationships with merchants, corporations and bank partners globally. Having joined AmEx in 1980, Gilligan has led several different American Express businesses earlier in his career. In 1995, he was named business unit president of Commercial Card and Business Travel for the United States. He was named group president in 2002, overseeing the International Consumer Card business and the company’s global portfolio of Payment and Travel Services for corporate clients.
Payment Alliance International (PAI) electronic payment processing solutions announced Donna Embry, SVP, strategic development, was named the Most Influential Women in Payments by PaymentsSource. Having held executive product, marketing and operations positions with major industry players such as Citizens Fidelity Bank (now PNC Bank) and Vital Processing Services (now TSYS Acquiring Solutions), Embry has led the development, roll-out and enhancement of the entire suite of PAI products and services, and is a mentor to her staff and peers. In October of last year, Embry was elected president of the Midwest Acquirers Association (MWAA) and continues to foster changes throughout the entire industry as she serves in the top leadership role for the regional association.
Citi is expanding its ThankYou Rewards program with the introduction of its CitiBusiness “ThankYou” small business card. The Card enables business owners to earn unlimited points for purchases they make, with accelerated earn on popular business categories like restaurants and hotels and no annual fee. Citi also recognizes each year of cardmembership with an annual anniversary bonus. In addition, business owners can earn ThankYou Points across their Citi relationship – including personal and small business credit card and banking accounts – and combine points into one ThankYou account to redeem for thousands of rewards. New members are rewarded with 15,000 bonus ThankYou Points after spending $3,000 within the first three months of cardmembership. They will also automatically earn three ThankYou points for every dollar in purchases on a wide range of categories each quarter. It gives business owners points-earning power across their Citi banking relationship.
Members can earn three ThankYou Points for every $1 spent on eligible purchases in rotating business categories; For all other purchases, base earn rate of one ThankYou Point for every $1 spent; receive an anniversary ThankYou Points bonus each membership year; earn bonus points for managing your account online (100 points for registering for Account Online or for enrolling in Paperless Statements); and combine ThankYou Points across all Citibank relationships with no limit to the ThankYou Points you can earn, and points don’t expire.
More than 300 leaders from the financial services and business community gathered to honor Vikram Pandit, CEO of Citigroup, at UJA-Federation of New York’s Wall Street and Financial Services Division’s Banking and Finance Reception on May 4, 2011, at Gotham Hall in New York City. The event, honoring Pandit for his professional and philanthropic leadership, raised $900,000. Since December 2007, Vikram Pandit has been CEO of Citi, one of the world’s leading financial services companies, which does business in more than 160 countries and jurisdictions and has approximately 200 million customer accounts.
A survey by Western Union reveals that 65% of Americans will skip the “Black Friday” shopping ritual. Those polled cited crowded stores as a major reason. The survey also found that 51% of Americans said cash is the gift theyâd most like to receive this year, with respondents preferring $100 in cash instead of a present or a retail store gift card valued at the same amount. The preference for cash gifts also reflects the intention of gift givers, with nearly 69% planning to give cash, a check, or a gift card this holiday season.
To facilitate hassle-free gift giving this holiday season, Western Union is offering gift givers â$50 for $5,â its new U.S. holiday promotion. Through December 26, 2009 consumers can send up to $50 to loved ones in the U.S. for a $5 fee. In addition to “$50 for $5,” Western Union also is offering consumers the ability to send cash on a Western Union branded prepaid gift card.
E-payment provider Euronet Worldwide announced the appointment of Tony Westlake as COO
of the Prepaid segment and the addition of Nicholas
L.A. Kennett as managing director of e-pay, Euronet’s prepaid subsidiary.
As chief operating officer for the Company’s Prepaid segment, Westlake
will retain his current financial responsibilities and will also assume
responsibility for the operational activities of Euronet’s global
prepaid operations. Westlake is a member of the Securities Institute, a fellow of the ICAEW and holds a
Master’s degree in economics from Cambridge University. Kennett will be
responsible for managing the growth and profitability of e-pay U.K.
prepaid operations. Prior to joining Euronet, Kennett was general manager and senior vice
president of strategic business development at Visa Asia-Pacific. He was
responsible for developing the corporate and regional strategy for Visa
Asia-Pacific, which included playing a key role in the inter-regional
negotiations that established Visa Inc. He was also accountable for
developing Visa’s strategy for key Asian markets as well as being
accountable for processing, acceptance, interchange and consulting
support. Also, Kennett held a director position on the MasterCard
International Asia-Pacific and the MasterCard Global Debit/Maestro
Boards from 2000-2003. Kennett holds a Bachelor of Arts honours degree in economics, history and politics and
a Master of Business Administration in international business and
finance from CASS Business School, London.
Euronet’s prepaid processing network is
approximately 409,000 point-of-sale terminals across approximately
212,000 retailer locations in 14 countries.
Bank of America has appointed Ian O’Doherty Europe card services
executive to oversee card services businesses in Ireland, United
Kingdom, Spain and expansion efforts into other European markets. Ian
graduated from University College Dublin with a major in Civil
Engineering, the University of Missouri with a master’s degree in
Structural Engineering and Boston College with a master’s degree in
Business Administration. O’Doherty comes to the position from the role
of Ireland Country Executive to manage expansion of MBNA Ireland card
operations, the brand under which Europe Card Services operates.
Moreover, Europe Card Services was established in 1993, provides credit
cards for over 900 organizations across Europe and employs 5,000
associates while Bank of America serves over 59 million consumers and
A new survey conducted by TransUnion’s TrueCredit reveals that 33% of respondents will not go on vacation this summer while 28% who do will spend less than last year. The cost of fuel for 72% of respondents was cited as a reason while 35% are concerned about credit card debt. Additionally, Americans are taking a long-term view of their finances. Nearly half (49%)say the statement, “I’m a long hauler. I devise and adhere to long-term plans for my money” best represents their personal financial philosophy, while 25% agree with the statement, “I’m a baby stepper. I set short-term plans and stick to them.” Zogby International was commissioned by TransUnion’s TrueCredit.com to conduct an online survey of 8,683 adults.
Elavon Merchant Services has teamed with One Cost Purchasing to launch
solutions with charitable contribution for hospitality merchants. For
transaction processed, a donation provided by One Cost to Hospitality
will be made to assist employees in the hospitality sector in need of
According to experts, this development is in recognition of the
dedication seen throughout the industry. Elavon Merchant Services’
as a single acquirer relationship for international businesses with
large volumes of
debit and credit card processing services, which are often seen with
purchases in the
hospitality sector. Elavon Merchant Services merchant acquiring
EUR42 billion in annual credit and debit card payments and has $238
billion in assets
while One Cost improves business profit through better purchasing
control and visibility
for organizations around the world with its large network of suppliers.