People on the Move: Michael Bergman, Peter Johnsmeyer and Karen Yetter, Mercator Advisory Group (October 2013)
Mercator Advisory Group recently announced several additions to the company.
North America
Companies on the Move: InComm, CVS Caremark Supplier Partner Award (October 2013)
InComm has been named the 2012 CVS Caremark Supplier Partner Award winner in the general merchandise category for its prepaid and payments products and services.
People on the Move: Ed Jordan and Kirk Dauksavage, Billtrust (October 2013)
Billtrust, a Hamilton, N.J.-based provider of outsourced billing services, announced the addition of Ed Jordan as chief financial officer and Kirk Dauksavage as chief revenue officer.
Swap trading reforms hit the rocks as CFTC’s O’Malia recommends delay
As CFCT commissioner Scott O’ Malia calls for more time for SEF reforms to be implemented, senior market observers are concerned that the new rules will not only fail to meet their 2 October deadline, but will also hurt ordinary market participants and increase systemic risk rather than reduce it.
Pinnacle Bank outsources processing to Fiserv
US based Pinnacle Bank has chosen to outsource its processing to Fiserv as part of its Precision bank platform, in a move the bank says will help it to scale and roll out new products including mobile banking, bill payment and checking. Based in the town of Elberton in the US state of Georgia, Pinnacle […]
PreCash Sees Bill Pay as Acquisition Gateway (September 2013)
Houston-based provider launches bill pay/mobile app combo as ‘ideal hook’ to establish customer relationship that expands to other financial services, including prepaid.
New Age of Bank-Technology Partnerships (September 2013)
The partnerships banks are forming with financial technology suppliers today look very different than routine client-vendor relationships of past decades, and one of the most interesting aspects of the trend is how both sides are transforming each other.
People on the Move: Mark Heimbouch, Vantiv Inc. (September 2013)
Vantiv Inc., a Cincinnati-based payment processor, announced that Chief Financial Officer Mark Heimbouch received the Cincinnati Business Couriers’ 2013 CFO of the Year recognition in the public company category.
People on the Move: Craig A. Nies, Think Finance (September 2013)
Think Finance, a Fort Worth, Texas-based developer of financial products for underbanked consumers, has named Craig A. Nies chief analytics officer.
People on the Move: Christine Lee, SecureBuy Board (September 2013)
SecureBuy, a Ridgeland, Miss.-based provider of fraud technology and commerce solutions and wholly owned subsidiary of SignatureLink Inc., announced that Christine Lee has joined its board of advisors.
People on the Move: Peter Ayliffe, Monitise plc (September 2013)
Monitise plc has appointed Peter Ayliffe non-executive chairman.
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.
Companies on the Move: Heartland Payment Systems, InformationWeek 500 (September 2013)
Heartland Payment Systems, a Princeton, N.J.-based merchant processor, has been named one of the top technology innovators in the U.S.
People on the Move: Bill Rochfort, Global Payout Inc. (September 2013)
Global Payout Inc., a San Diego-based provider of electronic payment and prepaid card solutions, recently announced that its board of directors has appointed Bill Rochfort president of the company.
People on the Move: Steve Antonakes, Consumer Financial Protection Bureau (September 2013)
The Consumer Financial Protection Bureau recently announced that Steve Antonakes has been named deputy director of the agency.
People on the Move: Percy Batliwalla, Bank of America Merrill Lynch (September 2013)
Bank of America Merrill Lynch has named Percy Batliwalla global head of sales for large corporates and financial institutions, global transaction services.
US local banks sign up to Temenos T24 core banking cloud
US banks Clare Bank and Farmers Exchange Bank have chosen to install cloud-hosted core banking services from vendor Temenos, in a deal that the banks say will help them reduce costs and roll out products to customers more easily.
Gamification: More than Just Fun and Games (September 2013)
To drive customer education and engagement, financial services providers are applying the concepts of gaming—and it turns out a little fun can drive serious results.
Viewpoint: Hiring and Retention Tips from a Payments Recruiter (September 2013)
The scoop on the hottest jobs in prepaid. Plus, how to attract (and keep) the best talent.
Reports: Prepaid Card Market Slows But Can Rebound (September 2013)
Prepaid card market growth slowed from 2011 to 2012 as a then-softening economy and compliance complexities finally caught up to the industry.
Companies on the Move: Transaction Wireless, ACE Award (September 2013)
Transaction Wireless, a San Diego-based provider of cloud-based solutions for B2C and B2B gift cards, recently received the Incentive Gift Card Council’s ACE Award.
People on the Move: Brian Tordsen, Sunrise Banks (September 2013)
St. Paul, Minn.-based Sunrise Banks recently appointed Brian Tordsen executive vice president and director, national products group.
People on the Move: Lance Johnson, Sequent Software (September 2013)
Sequent Software, a Redwood City, Calif.-based Trusted Service Manager software and services platform provider, announced that Lance Johnson has joined the executive team as chief security officer.
People on the Move: Raja Rajamannar, MasterCard (September 2013)
MasterCard has named Raja Rajamannar chief marketing officer, effective Sept. 9, 2013.
Companies on the Move: FIS, Forbes Magazine’s “World’s 100 Most Innovative Companies” (September 2013)
FIS, a Jacksonville, Fla.-based payments technology provider, has been named by Forbes Magazine as one of the most innovative companies in the world.
People on the Move: Kathleen Ryan, Cheryl Parker Rose, Christopher Carroll and Elizabeth Ellis, Consumer Financial Protection Bureau (September 2013)
The Consumer Financial Protection Bureau recently named new senior staff in four divisions.
MCX Picks FIS to Develop M-Commerce Platform (August 2013)
July 11, 2013 Another major piece of MCX’s jigsaw puzzle fell into place today with the announcement that payments technology provider FIS will provide the payments processing platform, including transaction routing and settlement, for the retail consortium’s evolving mobile commerce system. Jacksonville, Fla.-based FIS will execute mobile payments at participating retailer outlets in combination with […]
Q&A with David Hunter, Ukash
Ukash recently has undertaken a slate of major new initiatives, expanding its Paybefore Award-winning platform to offer a full spectrum of services to cash-preferred consumers.
Goldman Sachs trading error is “a warning to all”
Financial industry analysts have warned that investors should be careful about how they approach automated trading, following news that a trading error at Goldman Sachs lost the firm $100 million on Tuesday.
Viewpoint: Our Role in Helping People Manage Their Money Successfully (August 2013)
It’s time for the prepaid industry to once again innovate by embracing next-generation processing technology and creating new tools that help people improve their financial behavior.
Viewpoint: A Win-Win Proposition: Savings on GPR Cards (August 2013)
Adding a savings tool to GPR cards drives usage and retention and helps cardholders get ahead.
People on the Move: Stephen R. Crowley, WEX Inc. (August 2013)
WEX Inc., a South Portland, Maine-based provider of corporate payment solutions (formerly Wright Express), announced that Stephen R. Crowley has joined the company as chief information officer and senior vice president, shared services.
People on the Move: Ryan Anderson, The Members Group (August 2013)
The Members Group, a Des Moines, Iowa-based card processing and payment solutions provider, has chosen Ryan Anderson to fill the newly created position of vice president of product.
People on the Move: Rory Smith, Ovation Incentives (August 2013)
Ovation Incentives, a U.K.-based B2B incentive program provider, has appointed Rory Smith head of its U.S. office in Chicago.
People on the Move: Ezediashi Ofili and Marcus Mak, MasterCard (August 2013)
MasterCard has appointed Ezediashi Ofili vice president and business leader to drive growth of its prepaid business in sub-Saharan Africa. MasterCard also appointed Marcus Mak head of merchant marketing for the company’s Asia-Pacific, Middle East & Africa region.
Companies on the Move: InComm Digital Solutions, formerly Giftango (August 2013)
Giftango, a digital gifting solutions provider and wholly owned subsidiary of InComm, announced it now operates under the name InComm Digital Solutions.
People on the Move: Amit Parikh, Discover (August 2013)
Discover Financial Services has a new head of prepaid, Amit Parikh, who is responsible for overseeing prepaid sales and relationship management.
People on the Move: Neil Peretz, BillFloat (August 2013)
San Francisco-based BillFloat, which provides small-dollar loans to customers for electronic bill payments, recently announced that Neil Peretz has joined the company as general counsel.
Jos Schmitt returns to build new Canada exchange
Former Alpha ATS chief Jos Schmitt is planning a new stock exchange for Canada, to be called Aequitas Exchange, which will take on incumbent TMX Group.
Canada’s Desjardins financial cooperative pushes NFC offering
Canada is seeing a fresh push to promote near field communication (NFC) services after Canadian cooperative financial group Desjardin signed a deal with mobile money solutions provider Monitise and a joint venture with the nation’s three largest mobile operators.
