MasterCard Partners Accion to Advance Financial Inclusion

The Center for Financial Inclusion at Accion together with MasterCard launched “Mapping the Invisible Market” research initiative as part of the Financial Inclusion 2020 campaign. This will consist of a series of research papers looking at how demographics, income, urbanization, and other issues affect financial inclusion, at a time when over 2 billion people don’t use formal financial services. The report details how profound demographic shifts in the developing world have implications for how people can save, invest, or transfer money.

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SIX Payment Appoints Chief Marketing Officer

SIX Payment Services card-based and electronic payments appointed Pedro Deserrano as Chief Marketing Officer (CMO). Most recently with VISA Europe as Senior VP, Sales & Marketing, Deserrano will join SIX Payment Services’ Management Committee, heading up the Products & Marketing division. Bringing to the table international experience in the card and payments business, Deserrano’s international expertise will enable him to contribute valuable industry know-how at SIX.

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Shell Austria Parnters Wincor-Nixdorf on Cash Management

easybank customers can now withdraw cash at Shell service stations with their current account or credit card thanks to the recent partnership with Shell Austria and Wincor Nixdorf. With this, a total of 125 Shell stations in Austria will be equipped with special POS terminals featuring an ATM function by the end of the year to allow service station customers to withdraw cash using their current account or credit card. The ICM (Integrated Cash Management) system developed by Wincor Nixdorf enables automated deposits and dispensing as well as banknote and coin recycling.

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MasterCard Drives Contactless Payment Expansion

MasterCard Worldwide announced record growth of its contactless payments technology, MasterCard® PayPass™, across the Asia/Pacific, Middle East and Africa (APMEA) region in 2012, citing a 28% (YoY) increase in merchant locations. MasterCard’s PayPass contactless payment network now boasts nearly 700,000 merchant locations in 51 countries as of Q4 2012. Growth data reflects a strong demand from consumers for fast and convenient alternative to cash for everyday purchases in region, including those in emerging markets like Vietnam, which last month launched contactless payments for the first time. In Australia, more than one-in-ten card transactions under $100 is now being made with PayPass. In Singapore, transactions made using PayPass at last year’s Great Singapore Sale (GSS) grew 100-fold, with total spend up by more than 54%. In New Zealand, all new consumer credit and debit cards issued are enabled with PayPass. Consumer-led demand for contactless technology drove uptake among the country’s most popular retailers, including Bunnings, Kmart, The Warehouse, Resene, Repco, and BP.

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WePay Names New VP, Marketing

WePay appointed Tina Hsiao, formerly of Intuit, Vice President of Marketing. She brings with her extensive experience with small businesses and her history of leadership across marketing, product management, customer care and finance will be invaluable as WePay continues to grow and gain market share in small business payments. Hsiao spent over 11 years at Intuit in their small business division, where she launched and led marketing for several high-growth products that helped small businesses acquire customers and manage their finances.

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Tutuka Implements Aconite EMV Upgrade

Aconite, the leading provider of chip and mobile software solutions, is pleased to announce that Tutuka, a South African third party processor, has selected Aconite’s Smart EMV Manager solution to deliver full EMV compliance in their card processing platform. Tutuka provides a national prepaid card service for clients issuing Visa and MasterCard prepaid products. The upgrade of this service to full EMV capability will ensure that clients, who include Standard Bank, Vodacom and MasterCard, can benefit from the enhanced security that EMV brings.

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Green Dot 4Q/12 Revenue up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Green Dot posted a 4Q/12 13% year-over-year increase in operating revenues to $138.6 million and full year operating revenues of $554.5 million, a 15% increase over 2011. Additional disclosure indicates total operating revenues on a GAAP basis increased 15% to $137.3 million from $119.1 million in 4Q/11; net income of $10.4…

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MasterCard Names Chief Human Resources Officer

MasterCard appointed Ron Garrow Chief Human Resources Officer and member of its Executive Committee, effective April 1. Garrow joined MasterCard in March 2010 as Group Head, Global Talent Acquisition Management and Development. Then he was named Group Executive of Global Human Resources Plans and Programs, which included oversight of Rewards, Workforce Programs, Employee Relations and Human Resources Services and Solutions. Garrow held various Human Resources leadership positions at Bank of America over a six-year period, culminating in the position of Chief Learning Officer. He also spent 19 years at Wachovia in various Human Resources roles focused on training, leadership and executive development.

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GE Capital Retail Bank Renews Credit Card Partnership

GE Capital Retail Bank forged a multi-year extension with P.C. Richard & Son to provide a consumer credit card program. P.C. Richard & Son appliance and consumer electronics retailers has 65 locations, as well as an online store, has a long history of working with GE. Customers can apply for the P.C. Richard & Son Credit Card in-store or online and qualified applicants receive immediate approval for purchases with flexible financing promotions. GE Capital has helped major retailers and more than 200,000 small- and mid-sized businesses throughout the United States build consumer financing programs that support business growth and customer satisfaction.

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