National Bank of Abu Dhabi keeps watch over ATMs

The National Bank of Abu Dhabi has adopted a monitoring service from Canadian technology company Inetco Systems, which it says will enable it to better keep track of its ATMs and ensure they are working properly.

National Bank of Canada embraces Orc algos

The National Bank of Canada is to use algorithmic trading tools and market access from Nordic technology company Orc, through its subsidiary National Bank Financial.

Breaking News: TSYS to Acquire NetSpend in $1.4 Billion Deal

Feb. 19, 2013 Payments processor TSYS has agreed to purchase GPR card provider NetSpend for $1.4 billion in cash. The deal, which TSYS chairman and CEO Philip W. Tomlinson calls “a transformational event for TSYS and consumers,” brings 2.4 million prepaid card accounts and 500 retail distributors under the TSYS umbrella. TSYS is conducting a conference call […]

People on the Move: Marc E. Rothman and Jay Parsons, VeriFone Systems Inc. (February 2013)

February 2013 VeriFone Systems Inc., a San Jose, Calif.-based payment solutions provider, has appointed Marc E. Rothman to executive vice president and chief financial officer, and Jay Parsons to senior vice president, digital media and taxi operations. Rothman joined Motorola Inc. through the acquisition of General Instrument in 2000, and eventually rose to become worldwide […]

People on the Move: Tony Hodge, TSYS (February 2013)

February 2013 TSYS has promoted Tony Hodge to executive vice president of application systems for its North America segment. A 30-year TSYS veteran, Hodge has held numerous IT leadership positions, and currently is responsible for more than 1,000 IT professionals. During his tenure at TSYS, he has received numerous leadership awards, including the James H. […]

People on the Move: Steering Committee, Smart Card Alliance Payments Council (February 2013)

February 2013 Smart Card Alliance Payments Council has announced its committee members for 2013-2014. The council is managed by a steering committee composed of financial payments industry and smart chip technology vendors. Steering committee officers include: Jack Jania, Gemalto, and Oliver Manahan, MasterCard, co-chairs; Troy Bernard, Discover Financial Services, vice chair; and Deborah Baxley, Capgemini, secretary. […]

People on the Move: Robert Seward, North American Bancard (February 2013)

February 2013 North American Bancard, a Troy, Mich.-based provider of the PayAnywhere mobile POS payment solution, announced that Robert Seward has joined the company as vice president of product management. He oversees the company’s product strategy, planning, management and the delivery technology solutions to merchant customers. Seward joins NAB after leading ACI Worldwide’s merchant retail […]

People on the Move: Dana Vento, (February 2013)

February 2013, a subsidiary of Pittsburgh-based Wolfe LLC, has hired Dana Vento, aka “Pittsburgh Frugal Mom” and founder of, as social media manager. She will be part of a growing team responsible for broadening the company’s social media platform. Vento spent the last several years creating a successful consumer education blog, focusing on […]

People on the Move: Jon Leibowitz, Federal Trade Commission (February 2013)

February 2013 Federal Trade Commission Chairman Jon Leibowitz stepped down Feb. 15, 2013, to pursue work in the private sector. He has served as chairman since March 2009, and as a commissioner since September 2004. While the FTC regulates anticompetitive, deceptive and unfair practices in general, Leibowitz’s tenure has been recognized for aggressive consumer and […]

People on the Move: Chris Cresswell, Oliver Smith, Renata Burdon, Alexis Wilson and Andy Ireland, Contis Group (February 2013)

February 2013 Contis Group, a U.K.-based provider of online banking and prepaid card technologies and services, has enhanced its domestic and international capabilities with the addition of five hires. Chris Cresswell joins Contis as sales and business development director. Formerly with LaSer UK, Cresswell has experience in the cards and loyalty sector and will be […]

People on the Move: Steve Antonakes, Consumer Financial Protection Bureau (February 2013)

February 2013 The Consumer Financial Protection Bureau (CFPB) recently announced that Steve Antonakes will serve as acting deputy director while the agency searches for a replacement for Raj Date. As Antonakes assumes this temporary role, he will maintain responsibility for his current duties as associate director for supervision, enforcement and fair lending, which he began […]

Sightline Launches Casino Gaming Prepaid Card Program (Feb. 19, 2013)

Feb. 19, 2013  Sightline Interactive, a provider of payment services to the gaming industry, and its partner Vantiv have inked a deal with Northern California’s Colusa Casino to create a GPR prepaid card that works in tandem with the casino’s closed-loop loyatly card. The open-loop Discover-branded Loyalty Card Plus initially will be distributed to the casino’s “best […]

Citi Targets Latin America with M-Payment Service for Small Business Buyers, Suppliers (Feb. 19, 2013)

Feb. 19, 2013 Citigroup Inc. plans to expand a mobile payments service it has developed for its small-business customers to replace large cash payments in underbanked regions into Latin America. Citi recently launched a pilot of Mobile Collect in the Dominican Republic, targeting approximately 80,000 cash-based grocery stores and other small businesses and their suppliers. […]

PCI Security Standards Council Issues Mobile Payment Guidance (Feb. 19, 2013)

Feb. 19, 2013 The PCI Security Standards Council (PCI SSC) has issued guidance to educate merchants on the factors and risks they need to address to protect card data when using mobile devices, such as smartphones and tablets, to accept payments. Because consumer mobile devices are not solely used as point-of-sale tools, but also carry […]

Chase, MasterCard Look to Seed Loyalty with Kenyan Student Card (Feb. 19, 2013)

Feb. 19, 2013 Chase Bank (Kenya) and the University Students Community Organization (UNISCOO) have teamed up to launch a new MasterCard-branded prepaid card for Kenya’s college students. The UNISCOO card will enable students to shop in stores and online anywhere MasterCard is accepted and receive specially targeted discounts and promotional offers from merchants. Available at […]

Buck Touts ‘Dongle-Free’ Mobile Invoicing Service (Feb. 19, 2013)

Feb. 19, 2013 Buck Corp. is introducing a new mobile invoice service for small businesses that it touts as “dongle-free,” enabling businesses to send electronic invoices to any mobile phone and receive credit card payment without swiping a card. Buck Mobile Invoice is free to businesses using it, but participants must already have a merchant […]

EBS and Thomson Reuters target FX transparency

Rival FX platforms EBS and Thomson Reuters have agreed that they will cooperate to combine the sources for their FX pricing, in a bid to increase transparency for FX market participants.