MasterCard Appoints Regional Head

MasterCard Worldwide has appointed Kevin Goldmintz as head of Hong Kong & Macau. Goldmintz joined MasterCard in 2004 and was initially based in Hong Kong, where he successfully launched the joint MasterCard-Citi Commercial Card business in more than seven markets in Asia Pacific. He moved to Australia in 2007 to lead the Citi Australia account which includes Citi’s largest commercial card business in Asia Pacific. He was also responsible for signing MasterCard’s first ever airline co-branding deal in Australia with Emirates airline. He worked as a Product Manager for ANZ Bank, one of the largest commercial card issuers in Australia, managing the SME portfolio-the largest SME card portfolio in the country- and led the Qantas-ANZ airline co-branded card project and was responsible for the overall relationship with Qantas.

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Western Union and ChinaPay Partner on Direct Payments

Western Union Business Solutions is planning to expand partnership with ChinaPay online and mobile payments subsidiary of UnionPay. This will enable participating universities and higher education institutions around the world to accept international tuition and student fees in the Chinese Renminbi (RMB). The partnership will also offer an integrated, co-branded platform that will allow universities to give incoming Chinese students and their parents the ability to make foreign tuition payments in their home country and currency. Combining ChinaPay’s online and mobile payment portals with Western Union Business Solutions’ integrated foreign exchange and payment platforms will enable fast and reliable fund reconciliation and will allow payers to have funds deducted from their UnionPay cards in real time.

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MoneyGram Partners Qtel on mMoney Transfer Service

MoneyGram (MGI) global money transfer announced a multi-year agreement with Qtel mobile operator on international mobile money transfer services through customers’ mobile wallets. With this, Qtel customers will be able to register for the Qtel Mobile Money service at any Qtel shop or directly from their mobile phones and send funds that can be picked up at any of MoneyGram’s 284,000 global locations in 197 countries. This also gives thousands of customers in Qatar who do not have a bank account or use traditional banking services the ability to send money using a mobile device internationally in a secure, convenient and reliable method 24 hours a day, 365 days a year.

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BMW Group Financial Relaunches BMW Credit Card program

BMW Bank of North America is re-launching a new, three-tiered BMW Credit Card program with an expanded Visa credit card collection. The BMW Card, the BMW Signature Card and the BMW Ultimate Card – issued by the BMW Bank targets existing cardholders, introducing them to the new program and, where applicable, inviting them to upgrade to another tier, all without changing their account numbers. Cardholders will have access to a range of premium reward redemption options developed from customer feedback and realigned with the BMW brand, including enhanced point earnings and a broader array of redemption levels.

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KashFlow Names New Vice Chairman

KashFlow cloud-based accounting software company has appointed seasoned software CEO Raj Patel as Vice Chairman. Following 5 years as CEO of global business software company, Exact, Raj has been working with KashFlow for the past nine months in an advisory position and bought an equity stake in the accounting software business. The support for the Executive team that Raj will bring will allow Founder and CEO Duane Jackson more time to investment in youth startup projects.

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VeriFone Partners Fujitsu on mPOS Solution

VeriFone and Fujitsu have partnered to offer retailers sophisticated mobile retailing solutions powered by VeriFone GlobalBay and integrated with the Fujitsu GlobalSTORE solution. The co-branded solutions provide Fujitsu retail customers with a sophisticated mobile POS, enabling retailers to serve consumers from anywhere in the store. Retailers are looking to mobile solutions to increase revenue, improve store operations and enhance the consumer shopping experience. Retailers are relying on their trusted partners to help them make sense of and capitalize on this new world of mobile.

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Vocalink Payments Reaches 2billion Benchmark

VocaLink international payments provider has processed the two billionth payment through the UK Faster Payments Service. The Faster Payments Service enables interbank fund transfers in near real time, typically initiated via the internet or phone. It offers a secure and reliable way of making near instant payments between bank accounts, meeting consumer demands in this digital age. It also provides the UK banking industry with a solid platform for innovation, especially with the growth being seen in mobile payments.

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RBS Commissions G&D for iPhone NFC Case

The Royal Bank of Scotland (RBS) and NatWest have launched TouchPay m-contactless payments service for Apple iPhone 4 and 4S models powered by an NFC-enabled protective cover accessory. Initially available for 1,000 customers who registered to experience the speed and convenience of mobile payments, TouchPay will be made available to all RBS and NatWest customers who have Apple iPhones in the near future. Customers simply attach the cover to their Apple iPhone 4 or iPhone 4s and follow the on-screen instructions to download the TouchPay app from the Apple App Store. Once the activation process is complete, users can use their smartphone for transactions of GBP20 or less at mobile contactless-enabled retail outlets without entering their PIN and can also track their spending through the TouchPay application.

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Consumer Confidence at Five-Year High on Spending Monitor

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor increased 6.8 points from September to October, the largest one-month increase in the history of the Monitor. The percent of consumers rating the U.S. economy as good or excellent increased to 18 percent in October, up 5 percentage points from September 2012 and 11 percentage points…

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Western Union Service Available in 1200 EZCorp Locations

Western Union global payments and EZCORP instant cash solutions forged partnership agreements under which Western Union Money Transfer, money order and consumer bill payment services will be available at over 900 EZCORP-operated store locations in the United States. Western Union money transfer services also will be available at more than 300 EZCORP-operated store locations in Mexico and Canada. EZCORP operates more than 900 locations in the United States under various brand names, including EZPAWN, Value Pawn & Jewelry and EZMONEY.

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DataCash Launches Contactless Payments System

DataCash jointly developed with MasterCard and EPoS provider Zonal and Coherent+ portable ePOS terminals. With payments managed using MasterCard integration and the DataCash Payment Gateway, the terminals will reduce waiting times in pubs, bars and restaurants. Customers can make payments very simply and quickly by conveniently tapping their card on a terminal, without the overhead of entering a PIN. Convenience is at the heart of this solution as all employed staff will carry these portable terminals on a belt clip meaning that customers have the option of paying for their services on the go from their desired location. The light weight, water resistant terminals, with robust wireless communication to the base station, will be carried by every member of the bar staff who interacts with customers, removing the need for bar staff to wait for a terminal to becoome available.

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Primax Inks Card issuing Agreement with Four Points FCU

Primax debit and credit card issuing and merchant acquiring programs, products and services partnered with Four Points Federal Credit Union (FPFCU) to implement and provide support services for the credit union’s credit card issuing program. FPFCU is a $121.6 million asset, 7,975-member credit union that serves employees of agricultural cooperative organizations throughout the Unites States, including units of the Cooperative Farm Credit System and local and regional farm supply and marketing cooperatives.

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