News


Companies on the Move: Mercury Payment Systems, RSPA and Inc. Recognition (September 2013)

Mercury Payment Systems, a Durango, Colo.-based payment processor, recently was recognized at the Retail Solutions Provider Association’s RetailNOW 2013 convention and expo with the RSPA 2013 Gold Medallion Award for vendor excellence and Best Electronic Payments/Financing Processor, while founders Jeff and Marc Katz were inducted into the RSPA Hall of Fame.

Swift sets course for collaborative compliance

Swift’s “True North” is the fact that it is a cooperative, and it will focus on this as it moves towards developing collaborative industry utilities to address complicated issues in areas such as KYC.

Yorkshire paves a path in shared services with HP alliance

The UK’s second largest building society is being moved to a modern delivery platform managed by HP, with the establishment of a Shared Services Alliance with HP Enterprise Services UK to offer the platform to a wider range of UK financial services institutions.

Millions prepare to switch banks as UK switching service launches

Experts are saying millions of people will abandon their old banks and switch to a new provider, following the introduction of new rules on 16 September designed to make it easier to change banks. But estimates vary widely, from single digits to tens of millions.

Capital One Exits Isis Mobile Wallet (Sept. 16, 2013)

Capital One Financial Corp. this week ends its trial run with the Isis Mobile Wallet, raising questions about what combination of payment cards Isis will have when the wallet officially launches later this year.

i2c Integrates Platform with MasterCard’s Mexico Domestic Switch (Sept. 16, 2013)

Sept. 16, 2013 i2c Inc. today announced the completion of a direct integration of its platform with MasterCard’s domestic switch in Mexico, where the cloud-based payments processor sees significant growth opportunities. Redwood City, Calif.-based i2c completed all requirements for certification with MasterCard’s Mexico Domestic Switch service, which i2c says will help accelerate implementations of prepaid, credit […]

Western Union Makes Moves in China (Sept. 16, 2013)

Sept. 16, 2013 Western Union has made a pair of major inroads into the Chinese banking channel. Through a deal struck last week with Shanghai-based payment card network UnionPay, the money transfer giant now can reach 95 percent of all personal bank accounts in China. The pact enables Western Union customers in 23 countries to […]

Rise in non-cash volumes brings innovation opportunity

Global non-cash payments volumes continue to rise unabated, according to World Payments Report 2013 (WPR 2013), which was launched today. Non-cash transactions grew by 8.8 per cent during 2011 (the latest year for which full data is available) and are predicted to top 333 billion for 2012.