Denver-based PaySimple has hired Jeffrey Gardner, formerly of Avaya, as its new President. With over 10 years’ experience in technology marketing, strategic planning, and financial management, Mr. Gardner has a track record of propelling growing companies into market leadership positions. He earned a Masters of Business Administration from the Darden School of Business at the University of Virginia, and a Bachelor of Science in Finance & International Business from Pennsylvania State University. PaySimple is an industry-leading provider of payment management solutions.Details
Intuitive Group has teamed with VISA to launch a pre-paid multi-currency debit chip-and-PIN reward card. The “myreward card” is a world-first in the sales incentive market. The new card is suitable for delivering reward, incentive, bonus and commission payments for any business from SME to blue-chip companies. The “myreward card” can also be used to accrue rewards through overnight payments made to participants’ card accounts. Users will also have access to a secure e-commerce site where they can check balances online and monitor
progress of their incentive program. The card can be used to pay for goods and services in Pounds Sterling, US Dollars or Euros.
Pay By Touch has named Ron Carter, former President and COO of Verus Financial Management and former EVP of Vital Processing Services and President of BUYPASS, as President of Pay By Touch Payment Solutions. Carter brings more than 35 years of experience in general management and operations for the banking and financial services industries to Pay By Touch. As President of Pay By Touch Payment Solutions, he will report directly to Pay By Touch’s President and Chief Operating Officer, John Morris. Pay By Touch is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions.Details
Dublin-based Irish Credit Bureau has signed a multi-year agreement to use Fair Isaac’s credit risk score. The “Global FICO” score is designed to be consistently scaled across credit bureaus and across national borders. Lenders also use “Global FICO” score to help them meet
“Basel II” and other regulatory compliance requirements. Ireland becomes the sixteenth country across four continents to adopt consumer credit scores using “FICO” scoring technology. The ICB is privately owned by its members.
American Express released its semi-annual survey of business owners which found that healthcare, tax relief and energy policy are the top issues among small business owners as they prepare to vote in the mid-term elections. The OPEN from American Express Small Business Monitor, released each spring and fall, is based on a nationally representative sample of 625 small business owners/managers of companies with fewer than 100 employees. The survey was conducted via telephone by International Communications Research from September 12-September 27, 2006. OPEN is the American Express team dedicated exclusively to the success of small business owners and their companies.Details
The Competition Commission in its investigation into the market for “Personal Current Account” banking services in Northern Ireland has found a lack of clarity on charges and unduly complex charging structures and their application. The CC says this combined with a reluctance among customers to switch providers, are restricting competition in the market for “PCAs” in Northern Ireland. During the course of the CC investigation, three of the four clearing banks in
Northern Ireland introduced or announced plans to offer “fee-free” banking with no transaction or maintenance charges when the
customer is in credit or authorized overdraft. However, the CC found that in many cases this means charges have been increased on unauthorized overdrafts.
Citigroup and Akbank have signed a definitive agreement under which Citigroup will purchase a 20% equity position in Akbank for approximately $3.1 billion. Akbank has assets of $35.8 billion, loans of $17.7 billion and a deposit base of $22.7 billion. It is the third largest bank by assets and the most profitable banking institution in the country. Akbank currently has 674 branches and 1,551 ATMs. Citigroup is currently the 19th largest bank in Turkey by assets with approximately $2.1 billion in assets and $1.6 billion in deposits.Details
JWARE Technologies has appointed Gerard Compain, Chairman of Cadege Technologies, to its board of directors. JWARE specializes in
front-end software for card payments and secure transaction processing.
Compain has spent the last 17 years at the executive level with both Ingenico and Bull Payment Systems Division. The JWARE “Payment Suite” is already in production in several client sites in EMEA.
Atlanta-based FleetCor acquired CCS. CCS is the number one fuel card operator in the Czech Republic, serving 23,000 fleets of all sizes. This is the second European fuel card provider acquired by FleetCor this quarter; they purchased Keyfuels, a leading fuel card operator in England, in early September. FleetCor is the worldwide leader in fuel card processing serving over 530,000 business Fleets in the US, Canada, and Europe. CCS was established in 1991 by its management team and is as serves Slovakia. CCS serves over 23,000 corporate customers. FleetCor serves over 530,000 business fleets in the U.S., Canada, and Europe.Details
Shift4 announced that its “$$$ ON THE NET” has been certified in Canada through Chase Paymentech Solutions to Interac. Interac debit is the most prevalent payment type used by Canadian cardholders. Shift4 meets the demand for Interac acceptance with a “$$$ ON THE NET” connection that provides the fastest route for a point-of-sale to have a certified Canadian debit solution with the least expensive development and ongoing support costs. Chase Paymentech Solutions, Canada is headquartered in Toronto, Ontario and is an affiliate of Chase Paymentech Solutions, LLC, USA. Shift4, a leading developer of secure financial transaction processing software and services, provides secure, web-based, real-time enterprise payment solutions for leaders in the hospitality, retail, foodservices, auto rental and e-commerce markets.Details
A card management company specializing in customer acquisition and retention products, and a major wireless solutions provider have integrated their products. Givex and Apriva have combined Givex gift card and loyalty program processing capabilities with Apriva’s wireless technology. Apriva now supports the full range of Givex gift and loyalty
transaction types which enables Givex to become Class A certified on the
“Apriva Intelligent Gateway” to process on Wireless and IP networks in
Network services provider, GetNet Tecnologia, has signed an order with
VeriFone “Vx Solutions” payment systems. The deal is valued at more than
US$15 million. Under this new agreement, GetNet is expanding its network
by using selected models of the “Vx Solutions” family, including the “Vx
510” in both dial and LAN configurations and the “Vx 610” with GPRS
connectivity. GetNet provides services for companies such as card
issuers and processors, petro distributors, banks, utility companies,
and telco top-up distributors, among others, acquiring transactions for
private label, credit and debit, check authorization, telco top-up,
utility and bill payment, fleet card, and others.