PayTech


Mobile is there for the taking …

Financial institutions have owned the commercial payment space for centuries, but are now seeing a threat to their incumbency from new technologies that have opened up the industry to other business sectors. Mobile transactions in particular are shaking-up banking.

People on the Move: Hugh Meadows, UMB Financial Corp. (May 2013)

UMB Financial Corp., a Kansas City, Mo.-based financial services holding company, has announced that Hugh Meadows has joined UMB as vice president, debit/prepaid card product manager for health care services. He is responsible for executing strategy and driving growth to UMB prepaid and debit card portfolios through new sales and expanding existing business. He also […]

People on the Move: Ukash, Queen’s Awards for Enterprise (May 2013)

For the third consecutive year, Ukash, a London-based prepaid voucher provider, has been honored by the Queen’s Awards for Enterprise for its contribution to international trade. The International Trade award recognizes U.K. businesses that have delivered substantial growth in overseas earnings and improved levels of commercial success globally. The award reinforces Ukash’s sustained commitment to […]

People on the Move: Sunrise Banks, Best for the World List (May 2013)

B Lab’s 2013 Best for the World List, which acknowledges companies creating the most positive overall social and environmental impact, has recognized St. Paul, Minn.-based Sunrise Banks. The bank invests in projects within inner-city neighborhoods, works closely with state and federal assistance programs and supports community development, among other philanthropies. B Lab is a nonprofit […]

People on the Move: Scott Goldthwaite, ROAM (May 2013)

ROAM, a Boston-based mobile commerce platform provider and Ingenico company, has appointed Scott Goldthwaite senior vice president of operations. His duties include ensuring that the firm’s operations and business processes are aligned with the rapidly evolving needs of its customers as they deploy mobile point-of-sale solutions. Goldthwaite previously served as a senior member of the […]

Condolences: Timothy Birk, Performance Benefits Inc. (May 2013)

The prepaid and emerging payments industry recently lost a highly respected 30-year veteran. Timothy Birk, CEO at Performance Benefits Inc., died in a car accident on April 14, 2013. Birk, 56, is survived by his wife, Sheri, her children, Brandt and Aidan, and his children, Luke, Olivia and Thomas with his first wife, LaDon. Birk […]

People on the Move: Nick Nayfack, Mercury Payment Systems (May 2013)

Mercury Payment Systems, a Durango, Colo.-based prepaid card processor, has announced that Nick Nayfack, director of product, accepted a seat on the Electronic Transactions Association’s (ETA) mobile payments committee. ETA is an international trade association for the payment processing industry. Nayfack will develop best practices in mobile commerce with industry peers to enable merchants and […]

People on the Move: Nick Holland, Javelin Strategy & Research (May 2013)

Javelin Strategy & Research has hired Nick Holland as senior analyst of payments. He has spent the last decade focusing on the intersection of payments, mobile, retail and security, according to the company. His prior work includes Mercator Advisory Group, Pyramid Research, Aite Group and, most recently, Yankee Group’s Mobile Money Strategies practice. Holland has […]

People on the Move: Nick Holland, Javelin Strategy & Research (May 2013)

May 2013 Javelin Strategy & Research has hired Nick Holland as senior analyst of payments. He has spent the last decade focusing on the intersection of payments, mobile, retail and security, according to the company. His prior work includes Mercator Advisory Group, Pyramid Research, Aite Group and, most recently, Yankee Group’s Mobile Money Strategies practice. […]

People on the Move: Steve Elefant, GoPago Inc. (May 2013)

GoPago Inc., a San Francisco-based provider of emerging mobile payments technology, has hired Steve Elefant as chief strategy officer, and he will be in charge of strategy and ISO partnerships. Elefant has more than 25 years of experience in overall company strategy, products, end-to-end encryption, mobile, business development, and mergers and acquisitions. Most recently, he […]

People on the Move: Mike Delagrange, Galitt (May 2013)

Galitt, a French payments and electronic transactions consultancy, has appointed Mike Delagrange senior vice president and general manager of Galitt’s U.S. operations. He will be responsible for positioning Galitt’s success in selling EMV, NFC and TSM consulting services throughout Europe to major companies in the U.S. Delagrange has more than 20 years of conventional and […]

Discover’s Joe Hurley Talks PayPal, UnionPay and More (May 2013)

Joseph Hurley has been with Discover since 1985 when the then-small company with the big idea—cash-back rewards—got started. He has held positions in marketing, product management, government relations, and network products and services. From 2008-2010, Hurley was deputy president of Diners Club International, and from 2003-2008 he served as head of global client relations and vice president […]

Company on the Move: Accel, Fiserv Inc. (May 2013)

Fiserv Inc., a Brookfield, Wis.-based provider of financial services technology, has announced that its debit payments network, formerly known as ACCEL/Exchange, has a new name: Accel. The name reflects the network’s ability to accelerate funds transfers across retail, biller and social P2P payments, and positions the network within the Fiserv portfolio of payments capabilities to […]

People on the Move: Edward P. Gilligan, American Express (May 2013)

American Express Co. has promoted Edward P. Gilligan to president. Gilligan has served as vice chairman of American Express since 2007, when he was named head of a B2B group responsible for the company’s global relationships with merchants, corporations and bank partners. He joined the company in 1980, and he was named business unit president […]

People on the Move: Steve Paradine, Allied Payment Network (May 2013)

Allied Payment Network, a Fort Wayne, Ind.-based provider of online bill payment services to the financial industry, has announced that Steve Paradine, a financial industry sales veteran with more than 25 years of experience, has joined the company as its senior vice president of sales. His previous experience includes Fidelity National Information Services (FIS), where […]

Diplomacy needed to secure London’s future as a financial centre

A difficult future for the banking industry, but a potentially great one for London as a financial centre, was predicted by Sir John Gieve, chairman of VocaLink and former deputy governor of the Bank of England, speaking at the opening of Swift’s Business Forum in London today. But the industry must be careful and diplomatic if it wants to have any real say in how the future is shaped.

Ukash Inks Funds-Transfer Deal with MoneyGram (April 30, 2013)

London-based prepaid voucher specialist Ukash is extending the reach of its services further with a new deal announced this week with MoneyGram. The alliance will enable Ukash customers to send funds from the Ukash Website to recipients at any MoneyGram outlet worldwide. The service will launch in the U.K. later this year, with plans to […]