PayPal Exec Ankled to Head Customer Experience at TD Bank

TD Bank has landed Barry Baird, formerly with PayPal, as Head of Customer Experience. Baird joins was most recently PayPal’s Head of Business Operations, Project Management Operations, PayPal Credit Card Program. Barry’s accountabilities included end-to-end program management of all new PayPal credit initiatives and roadmap prioritization, including all major product and platform builds. He joined…

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Wirecard Nails Vistara V+MA Payments Processing Contract in India

India’s full service carrier Vistara, a joint-venture of Tata Sons and Singapore Airlines has inked Wirecard for enabling payment processing for all ticket bookings made by credit card via BSP (Billing and Settlement Plan). The deal will help Vistara process international bookings quickly with a robust backend solutions framework, while keeping pace with the latest…

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Global V+MA Q1 PTX Up 10% Excluding V Europe

Global purchase transactions (PTX) for Visa and Mastercard debit and credit cards, excluding Visa Europe, rose 10.1% year-on-year (YOY) in the first quarter (1Q/17). Including Visa Europe PTX increased 28.1%, according to CardData. The two networks combined processed 51.0 billion purchase transactions in 1Q/17, compared to 53.0 billion for the fourth quarter and 39.8 billion one-year…

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Worldpay Quick Chip Technology Enters the U.S.

Worldpay has introduced the newest solution for chip card payment processing, Quick Chip technology – making it the first payment processor to offer the technology in the U.S. Reducing chip card terminal transaction times to approximately three seconds, Quick Chip technology delivers the speed of service today’s businesses and consumers expect. Quick Chip removes the…

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U.S. V+MA+AXP+DFS Q1 CIF Up Single Digits

Total U.S. credit/charge cards-in-force (CIF) in the first quarter (1Q/17) for Visa, MasterCard, American Express and Discover was up 6.8% year-on-year (YOY). At the end of 1Q/17, there were 654 million U.S. credit/charge CIF compared to 612 million for 1Q/16, according to CardData. Visa U.S. credit CIF for 1Q/17 jumped 13.3% YOY to an estimated…

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Fleet Card Leader WEX Adopts Aggregate Data via Custom APIs

Corporate payment solutions WEX inked a new agreement with Crawler2api. Crawler2api is a major provider of custom real-time APIs and transactional bots. The company aims to make data easily accessible for clients while eliminating the need for websites to maintain costly APIs or structured data feeds. Crawler2api’s proprietary crawling framework enables its clients to request data…

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Desjardins & Monetico Propel Discover Card Acceptance in Canada

Discover Global Network has inked an agreement with Desjardins Group, the top cooperative financial group in Canada through its Monetico payment solutions, to expand acceptance in Canada. Merchants that have business relationships with Desjardins are now able to accept cards that run on the Discover Global Network, including Discover, Diners Club and alliance partner cards.…

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CardConnect to be Gobbled Up by First Data in 3Q

First Data has inked a deal acquire CardConnect for $750 million. The transaction is expected to close in the third quarter. CardConnect is a provider of payment processing and technology solutions and is one of First Data’s largest distribution partners. CardConnect processes approximately $26 billion of volume annually from about 67,000 merchant customers which are…

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