Square Appoints Product Engineering Lead

Square has hired Gokul Rajaram, Product Engineering Lead. Here Rajaram will lead software development for Square Register full POS system for businesses. He was most recently the Product Director of Ads at Facebook, where he drove product development and execution for Facebook’s advertising products. Rajaram also co-founded Chai Labs as CEO before the company was acquired by Facebook in August 2010. Earlier in his career, Rajaram was Product Management Director for Google AdSense, where he developed software products for millions of small businesses all around the world. Rajaram earned a Masters in Business Administration from MIT Sloan in 2001, a Masters in Computer Science from the University of Texas at Austin, and a Bachelor of Technology in Computer Science from the Indian Institute of Technology Kanpur.

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Ingenico names New EVP, HR & Communication

Ingenico appointed Martine Birot EVP Human Resources and Internal Communication. Martine brings 25 years of experience in HR, with international groups such as Solvay, Motorola and Technicolor, based in France, Sweden and China. Martine previously managed the implementation of worldwide HR processes, notably for compensation & benefits and global recruitment. She has also managed the HR activities related to two LBOs. She graduated from the Sorbonne University and the CELSA.

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WEX Announces Virtual Payments Solution Client

WEX corporate payment solutions formed an agreement with Calder Conferences & World of Travel to provide the WEX Travel solution. The agreement emphasises WEX’s commitment to service customers across Europe with its virtual payment technology. The WEX Travel solution allows Calder to reduce costs, increase efficiencies, and improve security with its pioneering single use virtual card technology. The WEX Travel product provides businesses single use virtual cards for travel bookin; reduced costs and increase efficiency; streamline payment reconciliation; and revenue share on processed payments.

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SKYPASS Announces Visa Promotion to Premium Card Members

U.S. Bank and Korean Air, issuers of the SKYPASS Visa card, announced mileage-earning credit card’s premium products with a special incentive of 20,000 Bonus Miles for new cardmembers who are approved for the SKYPASS Visa Signature card or SKYPASS Visa Business card. The SKYPASS Visa card lets members earn miles on all card purchases, and the miles can be combined with SKYPASS flight miles and redeemed for award travel. New cardholders can redeem SKYPASS Bonus Miles for award travel and upgrades on Korean Air and SkyTeam partners. Customers must apply by Aug. 31, 2013, to receive the special offer. The SKYPASS Visa Signature and Business cards charge no foreign transaction fees on card purchases made when traveling abroad, complimentary Korean Air VIP Lounge coupons each year, and Double Miles on Korean Air ticket purchases.

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PayPoint Achieves PCI Compliance with Nettitude

PayPoint.net payment service provider announced Nettitude PCI specialist and Qualified Security Assessor confirmed its PCI Level One compliance status to the PCI Standards Council after the required on-site audits and security testing were finalised last month. PayPoint.net was also one of the first suppliers to register its Third Party Agent Status on the Visa Merchant Agent list, an approved list of all merchant agents that provide services involving the storage and management of cardholder data.

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Western Union Announces Direct-to-Bank Money Transfers

The Western Union expanded its offering of sending international money transfers from the U.S. and U.K. directly into bank accounts and launched domestic money transfers as business correspondent, allowing users to send money directly into bank accounts in India. Consumers in the U.S. and U.K. can now send direct-to-bank transactions to banks in India online”via the company’s transactional websites and, in the U.S., via its smartphone application”or by visiting thousands of participating Agent locations. Additionally, U.S. and U.K. consumers who have a non-resident bank account in India can use Western Union to send money into these accounts. The service will be available from today at 500 retail locations throughout the country with significant location expansion plans by the end of the year.

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MoneyGram Renews Brand Ambassador Contract

MoneyGram renewed its exclusive agreement with Robin Padilla as its brand ambassador. Last year, MoneyGram unveiled its collaboration with the Filipino movie personality during the launch of its “Moneygrado sa MoneyGram” campaign, which targets Filipino senders and receivers around the world. With presence in 198 countries and nearly 10,000 locations in the Philippines, MoneyGram continues to bring families closer through its affordable money transfer services. Receivers can claim their remittances in the Philippines through trusted partner locations, including: Banco De Oro, Cebuana Lhuillier, SM, M Lhuillier, Palawan Pawnshop, Metrobank, RD Pawnshop and Kwartagram, among others.

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Elavon Launches iPhone/iPad mPayment App

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Elavon launched its “MobileMerchant” for iPhone and iPad. Recognised as “Best Mobile Payments” by the Merchant Payments Ecosystem Awards 2013, “MobileMerchant” for iPhone and iPad is an innovative, secure and complete payment solution that effectively transforms mobile devices into payment terminals. Businesses are free to accept card payments quickly and securely…

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TSYS Completes NetSpend Acquisition

TSYS has completed its acquisition of NetSpend, now a wholly owned TSYS subsidiary and TSYS’ fourth operating segment focusing on direct to consumer products and services. NetSpend is a leading provider of general purpose reloadable (GPR) prepaid debit cards, PayCards and related financial services to the estimated 68 million underbanked consumers in the United States who do not have a traditional bank account or who rely on alternative financial services. NetSpend previously operated as a publicly traded company. NetSpend common stock ceased trading on NASDAQ prior to the opening of trading on Monday, July 1, 2013, and will be delisted. Under the terms of the definitive merger agreement between the parties, NetSpend stockholders are entitled to receive $16.00 per share in cash for each share of NetSpend common stock that they hold.

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Payment Alliance International Offers Processing to Gun Merchants

Payment Alliance International (PAI) electronic payment processing announced its ongoing commitment to merchants in the shooting sports industry after a number of financial institutions, merchant services providers and lenders have recently withdrawn from this segment. PAI embraces the shooting sports industry and is continually enhancing its PAI Shooting Sports Payments Package with new payment acceptance alternatives. The PAI Shooting Sports Payments Package has been endorsed by major industry associations, including the NRA Business Alliance and the National Shooting Sports Foundation (NSSF). PAI’s Shooting Sports Payments Package is an ongoing collaborative effort between PAI and shooting sports industry leaders, giving shooting sports merchants a secure and cost-effective way to conduct mobile payment processing using their own smartphones and tablets.

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EcoCard Announces New Branding

ecoCard has been rebranded ecoPayz in a move that reflects the scope of its diverse range of payment solutions. Designed to enable the Group to differentiate its solutions and brands, which have established strong identities over the past decade, ecoCard has established itself as one of the leading end-to-end, account and card-based payment solutions to businesses and individuals worldwide, offering an instant, safe and fast means of transferring and managing your money globally. With the growth of its portfolio the newly rebranded Group – ecoPayz – has also introduced two new brands to its suite. ecoPayz Merchant Account and ecoPayz Business Account which will utilise its ecoAccount and ecoCard products. Using the ecoPayz Merchant Account retailers and merchants will be able to receive / send funds from customers across the globe.

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Financial Mobility Summit Announces Speakers

The Financial Mobility Summit announced its slate of speakers for the inaugural FM Summit co-located with The Prepaid Press Expo, in its sixth successful year. The two-day FM Summit will explore the world of mobile payments convergence, where prepaid debit and gift cards, loyalty and marketing programs, alternative banking, gaming, top-up services and e-commerce meet on a mobile device. Summit sessions will address the evolution of the mobile wallet, mobile bank accounts, mobile marketing, mobile commerce, and more. Retailers, merchant acquirers, wireless resellers, agents, distributors, prepaid providers and financial services companies will learn how mobile payments can transform their businesses. Founding Summit partners include CHARGE Anywhere, InComm, JunoWallet and Wave Crest.

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