WEX Names New Board Member

WEX Inc. announced that Eric Duprat has been elected to the company’s Board of Directors. Mr. Duprat has more than 25 years of domestic and international experience in the mobile, security and payments industries, and is currently Chief Executive Officer of Verayo, a mobile security services turnaround firm in San Jose, California. Prior to joining Verayo in 2011, Mr. Duprat was the General Manager of Mobile Payments at PayPal, an eBay company, during which PayPal’s mobile payment business experienced tremendous growth. Prior to that, Mr. Duprat was Senior Vice President of Global Marketing at Hypercom, an industry leader in payment and networking systems.

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Puut Social Network Service

Puut Technologies A/S, today announces the general availability of its Social Network Service to enable social shopping and crowdfunding, and to provide smart phone users, service providers and merchants with money and content sharing as an alternative to cash, credit cards, loyalty cards, ID cards, tickets and boarding pass. Puut is a feature-rich social utility that enables social shopping, crowdfunding as well as money and content sharing between smartphone users, service providers and merchants worldwide. Puut ticks all the technology boxes and allows users to simply get on with their life.

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Ziploop Drums up $2.2mm Investment

Ziploop mcommerce app announced a $2.2 million seed round with Foundation Capital, Bill Elmore, JBM Ventures Partner, James B. Morris, Managing Partner at Greenback Ventures, James Peters, Managing Director at Texas Pacific Group, Ted Breck, Founder and former CEO at Barra, Andrew Rudd, General Partner at Inman Investment Management, Grant Inman, and General Partner at Canaan Partners, John Balen. Ziploop not only makes the life of the consumer easier, but also helps retailers analyze and better serve their customers. Ziploop allows retailers to rapidly engage with their users on seasonal offerings, while also saving on printing and postage costs.

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Erste Group Card Processor counts on Paragon for SmartVista migration

Erste Group Card Processor (EGCP) recently licensed FASTest, the popular function/regression testing solution from Paragon Application Systems, to speed and simplify their migration from their legacy switch to BPC’s SmartVista. EGCP required a solution that would simulate and test all of the endpoints of their transaction processing for complete function and regression testing during the migration process. Paragon provided FASTest for the following financial message formats: Visa, MasterCard, SPDH, HISO 87, HISO 93, ATM and BIC ISO. To increase productivity, EGCP schedules tests to run unattended and receives a report with the results. Using the “Compare” feature in FASTest, EGCP can run tests and compare recent test results to previous test results to confirm the reliability of their system.

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Indra PCI DSS Security Certified

Indra’s NetPlus payment platform has obtained the maximum security qualification awarded by the PCI SSC for its card payment services in “the cloud” to make it easier for clients of the multinational consulting and technology firm to outsource business processes that involve credit or debit card storage or processing. It will also facilitate the maintenance of card processing rights and avoid demanding infrastructure and information system audits and the payment of fines derived from fraudulent credit card use. This initiative has also provided Indra and its data processing center in San Fernando de Henares with all the security and operational knowledge and methodology required for this certification, both as regards its infrastructure and its services and processes.NetPlus processes over 200 million operations per year totaling 14 billion euros. It accepts all types of payment methods through a wide range of channels, integrating the information with the source systems, centralizing all payments, and managing all the associated operations.

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Edenred Italia, Bassilichi and payleven Joins CashlessWay

The CashlessWay’s directive approved the membership of Edenred Italia, Bassilichi and payleven as associates and ABI (Italian Banking Association) as honorary member. CashlessWay has now 7 important associates, the new ones are adding to the previous: TAS, Unione Nazionale Consumatori (Consumers National Union) and Roma Capitale Investment Foundation. CashlessWay Association, Global Hub for ePayment Culture, was born in November 2013 and aims at promoting the epayment and stimulating a more responsible use of cash. Even before its official birth CashlessWay was active in the business with the No Cash Day, with the patronage of Italian Government and Ministry of Economic Development, Waroncash.org the first Italian news website about epayment and many other activities as the #Nocashtrip, a travel without cash.

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Amex Creates Joint Venture with Global Business Travel Division

American Express Company today announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50% ownership stake in the joint venture following the closing. In exchange for an investment of $900 million in the joint venture, the investor group will hold the remaining 50%. American Express initially announced its intention to pursue this joint venture transaction in September 2013.

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U.S. Bank Introduces FlexPerks Corporate Program

U.S. Bank is extending its award-winning FlexPerks® Travel Rewards program into the business-to-business space with the launch of FlexPerks Corporate Rewards for commercial card programs. The rewards program will be offered as an optional add-on for U.S. Bank’s most popular commercial cards: the U.S. Bank Corporate Travel Card, the U.S. Bank Executive and Executive Platinum Cards, and the U.S. Bank One Card. FlexPerks Corporate Rewards offers organizations and their employees a new way to benefit from spending on cards. Flex points can be pooled at the corporate level to be redeemed at the organization’s discretion, or employees can be enabled to earn the points.

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Fiserv to Advance Visa’s Common Debit EMV Solutiion

Fiserv, Inc. just announced an agreement to make Visa’s common debit EMV solution available for the Accel(TM) debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID).

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ZNAP Unveils NFC Payment App

ZNAP™ announced today that the New York Sound City conference and music festival on March 17th in Williamsburg, Brooklyn will be the first U.S. event to feature ZNAP™’s NFC (near field communication) payment technology. During the event, ZNAP™ will unveil its NFC features to attendees, who will be the first consumers to test its tap-and-pay capabilities. In addition to facilitating mobile transactions, the ZNAP™ app enables consumers to manage loyalty points, rewards programs, coupons and special offers using their mobile devices. Promoters can activate capabilities designed specifically for festivals and live events.

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Dataworks CEO Passes, Interim Named

It is with a collective heavy heart that US Dataworks, Inc. today announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died yesterday morning after suffering a severe heart attack from which he was unable to recover. The Company also announced that its Board of Directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the Company’s VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the Company, will take over the Chairman role with the Board seat left vacant by Mr. Ramey’s death to remain unfilled for the time being.

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Western Union Launches new Service In Nigeria with Paga

The Western Union Company today announced the launch of a new mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2 million users. Paga users now have the option of receiving a Western Union Money Transfer® transaction directly into their Paga account.

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