Travel Spend Climbs to Pre-Recession Levels

Visa released its 2011 Travel Snapshot reports highlighting key spend insights from Visa account holders traveling to and from the United States, Canada, Mexico and Brazil. Visa account holders from these countries continued to increase spend on international travel-related purchases from 2010 to 2011, building momentum toward pre-recession levels. Travelers from the United States increased tourism spend on their Visa accounts by 7 percent, those from Canada by 11 percent, and Mexico by 19 percent. Most notably, travelers from Brazil increased international travel spend on their Visa accounts by 32 percent in 2011 – 43 percent of which was in the United States. Visa account holders from Brazil increased spend on travel to the United States by 41 percent, from $1.9 billion in 2010 to $2.7 billion in 2011, edging out the U.K. as the second highest total contributor to U.S. tourism revenue. Visa account holders from China increased travel spend within the United States by 61 percent, from $741 million in 2010 to $942 million in 2011.

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iPayment Appoints Senior VP, General Counsel

iPayment announced the hiring of Philip J. Ragona as Senior Vice President and General Counsel. Since 2002, he served as Senior VP, General Counsel and Secretary of Atrium Corporation. From 1995 to 2002, Mr. Ragona was with the law firm of Paul, Hastings, Janofsky & Walker LLP in New York, with a focus on the firm’s litigation, securities and mergers and acquisitions practices. He began his legal career in 1992 at Cahill, Gordon & Reindel LLP in New York, where he focused on securities and commercial litigation. Mr. Ragona received his JD degree from Columbia University School of Law and his BA degree from the University of California, Los Angeles.

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Green Dot Hires New SVP, Processing

Green Dot Corporation hired Ralph Calvano SVP, Processing. Calvano starts at the Company and will lead Green Dot’s strategic initiative to bring key elements of its transaction processing in house, thereby reducing reliance on third parties. He will also drive the ongoing strategic vision for processing, including integrating processing with other Green Dot technical environments. He was most recently with Fidelity National Information Services (FIS) as Senior VP and GM, Prepaid Solutions. In that role, he was responsible for leading all aspects of development, quality assurance, product/project management, client relations and cardholder customer service for the prepaid operations of FIS.

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FIS Completes Amendment/Extension of Credit Agreement

FIS banking and payments amended to extend its existing credit agreement, including the release of collateral when investment grade credit ratings are attained. The transaction also resulted in the extension of a substantial portion of Term Loan A and revolving loan maturities from 2014 to 2017 and a reduction in borrowing costs. There was no material change to FIS’ total leverage as a result of the amendment. The credit facility totals $3.7 billion in the aggregate, including $2.1 billion of Term Loan A and $1.15 billion of revolving loan capacity that will mature in March 2017; $250 million of Term Loan A that will mature in July 2014; and $200 million of Term Loan B that will mature in July 2016.

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Wells County Accepts Credit Cards and eChecks for Tax Payment

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] To prepare for the upcoming May 10, 2012 property tax due date, the Wells County Treasurer recently authorized NIC affiliate, Local Government Online (LoGO) Indiana, to process electronic payments online and over-the-counter. Utilizing LoGO Indiana’s Payment Card Industry (PCI) Compliant Solution, Wells County is able to offer constituents two new payment…

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WePay Chooses Layered Tech PCI-Compliant Cloud Services

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Layered Technologies, a leading global provider of compliant hosting, managed dedicated hosting and cloud computing services, announced that WePay has chosen Layered Tech’s PCI-compliant cloud services to support its online payment platform. WePay provides free, secure, and easy-to-use tools that allow people to sell items and tickets, send invoices, and accept…

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Intuit GoPayment, ‘New York Dog Nanny’ Pamper Pups in the Park

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Intuit Inc.: WHAT: Luxury dog treatments right where dogs play. Services start at $7 for credit card payers, compliments of Intuit GoPayment. Intuit GoPayment is helping New York Dog Nanny grow by taking its business beyond the storefront to where its customers hang out – the park. Loving dog owners can…

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KDDI Picks Gemalto to Implement mNFC project

Gemalto digital security was chosen by KDDI for its commercial NFC mobile services launch. Gemalto provides a one-stop service to KDDI, encompassing its Allynis Trusted Service Manager (TSM) software and UpTeq NFC high-end security device. The launch is a part of the recently announced Japan Mobile NFC Consortium that brings together the country’s three largest operators to coordinate the adoption of multiple international standards for NFC. Subscribers are able to experience various types of contactless services ranging from mobile payments, transportation services, e-driver’s licenses, e-ticketing as well as information acquisition from smart posters. KDDI began last year to insert UpTeq NFC in handsets in place of the standard SIM/UICC so they are ready now to mass deploy NFC services. This further permits the operator to progressively incorporate new partners without the need to extensively pre-qualify each and every service and application or anticipate all the subscriber configurations ahead of time.

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Amex, Visa, Amazon, PayPal and Google Partake in Open Mobile Summit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Keynotes at The Open Mobile Summit, 29-30 May London this year include Dan Schulman, Group President American Express, and Peter Ayliffe, CEO of Visa Europe, set out to define the future mobile payments ecosystem. Unilever, Starbucks, EAT, Gondola Group and others joining this year’s line-up – a clear indication of the…

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Consumers Want More Valuable Credit Card Rewards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UK consumers are demanding rewards credit cards that offer enhanced benefits or greater value, according to research conducted by the Auriemma Consulting Group (ACG). ACG’s research found that consumers have become apathetic towards their current rewards cards, with 25% of consumers being neither satisfied nor dissatisfied with their rewards card, and…

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Hockey Canada Chooses Optimal Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Optimal Payments is pleased to announce that Hockey Canada has selected the NETBANX service to provide online payment processing for its Hockey Canada online registry system (HCR). The HCR system manages registrations for more than 565,000 players and 180,000 registered participants in thousands of associations governed by its thirteen members branches…

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