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

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 channels. Wells County Treasurer…

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WePay Chooses Layered Tech PCI-Compliant Cloud Services

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 donations online. As a…

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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

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 rising tide of mobile…

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Consumers Want More Valuable Credit Card Rewards

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 31% of consumers perceiving…

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Hockey Canada Chooses Optimal Payments

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 – the British Columbia…

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MGS & maxiPago! Team to Launch Next Generation Payment Gateway

Maas Global Solutions, a leading provider of global transaction processing technologies and maxiPago! announced a partnership that includes the launch of a new “smart” payments gateway for Latin America. The platform connects to local card acquirers in Brazil like Cielo, Redecard, American Express as well as local payment methods such as Boleto Bancário and Online…

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