CEO Steps Down at Prosper P2P lender

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Prosper.com, a peer-to-peer lending marketplace for personal loans and investments, announced today that its rapid growth has continued through early 2012 and concurrently, the company has made several leadership changes and additions to better serve the quickly expanding P2P lending market. Chris Larsen has moved from the role of CEO and…

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Punchcard Partners Foods Council, Offers Discounts

Punchcard is set to partner Southern California Frozen & Refrigerated Foods Council (SCFRC) for the LA Marathon Expo. Attendees can download the Punchcard app, snap a picture of their favorite frozen food receipt (on the displays provided) to be entered to win a year of streaming movies, as well as discounts on products from participating brands including Stouffers, Krusteez and Comida del Sol, among others. The LA Marathon Expo booth is the latest activity in SCFRC’s March Frozen Food Month’s promotion – Simple Home Meals.

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Ingenico Appoints New Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Ingenico, leading worldwide provider of payment solutions, announces appointments at its Management Board, reporting to the CEO. Patrice Le Marre, who was previously managing Production & R&D will now head the Asia Pacific Region, including the operational management of China. Patrice will be based in Singapore and will be responsible of…

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DFC Global Acquires Pawn Store Chain

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global, a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, announced the acquisition of Super Efectivo, which provides pawn loans in Spain. Super Efectivo S.L., founded in 2006, operates a chain of eight stores predominantly in Madrid. The acquired stores primarily offer…

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Lloyds Bank names New Transaction Banking Head

Lloyds Bank Wholesale Banking and Markets has appointed Andrew England as Head of Transaction Banking. The Transaction Banking team will continue to build upon the Bank’s successful transaction banking proposition and evolve the Bank’s product offer which supports the activities of the Bank’s corporate customers. England spent his entire career in banking, which began more than 30 years ago with Lloyds Bank which he joined as a trainee. Primarily working in the Bank’s international divisions, England spent almost ten years with Lloyds Bank before joining Citibank in 1990. England has worked at Unicredit Group, which he joined in 2008. Whilst there he was its Head of CEE Global Transaction Banking.

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Another big jump in Faster Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Britons sent two-thirds more money through Faster Payments in the last three months of 2011 compared to the previous year, according to the Payments Council’s latest quarterly statistical report. More than £76 billion was sent during 2011’s fourth quarter (up from £46 billion in Q4 2010) and the number of transactions…

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Credit Card APRS Explode in First Half of March-Surprise

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After peaking at well over 15% following the holiday shopping season, credit card interest rates have plummeted to 14.87% around the beginning of March. The figure experienced a .26% drop over the past month, but gained it all back- plus more- throughout the first two weeks of March and now sit…

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Discover Implements 2013 EMV Mandate

Discover is implementing a 2013 EMV mandate for acquirers and direct-connect merchants in the U.S., Canada and Mexico. This industry alignment will streamline certification and deployment efforts and enable a manageable transition for all parties involved, including issuers, merchants and acquirers. Discover has prioritized its global EMV-deployment efforts towards markets which are mandated or have significant chip-card technology presence already. Discover has deployed D-PAS, the company’s EMV-compliant payment specification, for the past three years and already has over 1 million cards in market among international issuers. With this, Discover will support card authentication channels; cardholder verification methods; and commerce channels.

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Territorial Savings Bank Launches Fiserv mBanking

Territorial Savings Bank now offers its customers Fiserv’s “Mobiliti” comprehensive mobile banking solution. All three major mobile access modes include SMS (text messaging), mobile browser and downloadable applications for Android, iPhone and BlackBerry devices. Customers can easily monitor account activity, quickly locate branches and ATMs, transfer funds between accounts and pay bills. The “Mobiliti” solution from Fiserv integrates seamlessly with “Retail Online,” also from Fiserv, ensuring consistent information is available to customers across both the online and mobile channels.

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MasterCard Partners Barnes & Noble For Special Savings on NOOK

Barnes & Noble announced a special savings offer for new NOOK customers shopping with a MasterCard card. Customers using their MasterCard card will save $20 on a new NOOK Color or NOOK Simple Touch until March 18 at all of Barnes & Noble’s nearly 700 stores nationwide and online at BN.com. NOOK Color also offers the most-requested tablet features, including access to top video and music services, high-quality NOOK Apps, built-in e-mail, and an enhanced Web experience.

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Citi Retail Services & CITGO Renew Private Label Card Agreements

Citi Retail Services and CITGO Petroleum Corporation announced a multi-year renewal of their long-standing U.S. private label credit card relationship. This extension is the latest in a series of new and renewed partnerships between the recently rebranded Citi Retail Services and leading retailers, such as CITGO, across the country. Citi Retail Services provides consumer and commercial credit card products, services, and retail solutions to national and regional retailers across the U.S. The business services nearly 90 million accounts for a number of iconic brands, including The Home Depot, Macy’s, and Sears, among others.

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Wright Express Announces Online Solution for Fuel Suppliers

Wright Express announced SmartBuy 4.0, a new addition to its TelaPoint product suite offering an online solution combining supply management and logistics software to help fuel suppliers compare fuel prices and track allocations. It enhances TelaPoint’s original SmartBuy tool. This offers real-time allocation management ensures “rateability”, or keeps track of the allocation of orders as they are placed and resourced or cancelled. Dynamic sourcing allows users to see all open orders along with rerouting options for quickly taking advantage of opportunities such as day deal trades, which the tool can facilitate. Google Maps integration helps users determine the laid-in cost, or the sum of the product and transportation cost, and subsequent best fuel prices for each order by using a delivery truck’s last known location.

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