Cardtronics Announces New CIO & CISO

Cardtronics announced the appointment of Jerry Garcia to the newly created Chief Information Security Officer position. Having spent the last 10 years designing and developing the information technology systems Cardtronics uses to run its business, Garcia will now focus exclusively on Cardtronics’ information security program as chief information security officer (CISO). Also, Mike McCarthy has joined Cardtronics as its new CIO and is to oversee the company’s IT infrastructure, design and implementation of high-availability IT solutions.

Details

MasterCard Strengthens US EMV Commitment

MasterCard is making some of the company’s proprietary technology solutions available to other U.S. debit networks to provide an option to support debit EMV transactions and reinforce the company’s continued support of the U.S. migration to the EMV standard. MasterCard will allow acquirers to brand transactions originating from the Maestro AID (application identifier) for all debit networks within the United States. This is part of the MasterCard initiative to advance the future of electronic payments in the U.S.

Details

Virtual Piggy Announces New Ecommerce Partner

Virtual Piggy safe youth payments has added its youth-friendly payment system to Popar Toys’ ecommerce website. Allowing parents to set up a monthly allowance for their children, Virtual Piggy promotes financial management while empowering youth under 21 to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. Popar Toys uses Augmented Reality (AR) technology to create an immersive reading experience that will allow the user to see incredible virtually “real” 3D objects that will pop off the book or cards.

Details

MasterCard in Africa Advances Financial Inclusion

Ajay Banga, President and CEO of MasterCard Worldwide affirmed the company’s commitment to extending financial inclusion across Africa. Collaborating with local government officials, financial institutions, businesses and citizens, he shared his thoughts on a cashless society and vision of a world beyond cash. Banga addressed Central Bank of Nigeria (CBN) officials and other business leaders, acknowledging CBN’s Cashless Policy as the driving force behind the reform in the country’s electronic payments sector over the past two years. He also attended a signing ceremony in Nairobi, Kenya to announce an agreement between MasterCard and Equity Bank of Kenya to issue five million MasterCard-branded debit and prepaid cards. By 2013, 15 million grants will be given to 10 million recipients, mostly those who are unbanked, Resulting in $375 million savings by SASSA on operational costs alone.

Details

Azimo Secures Expansion Funding

Azimo remittance announced angel investment of GBP300,000 to expand its operations from a number of high net worth individuals. Serial banking disruptor Cooper played a key part in revolutionising how credit cards are issued in the UK at Capital One, where he led the UK section of the business from start-up to two million customers, generating revenues of over £275m and employing over 2,000 people. Azimo’s service lets users transfer money to more than 125 territories around the world for a minimal charge – usually around 1-2% of the transaction. Users will see exactly how much the recipient will actually receive before the money is sent.

Details

American Express Q4 Net Income Down 47% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported 4Q net income of $637 million, down 47% from the year ago figure of $1.2 billion. Net income from the quarter included the restructuring charge, rewards expense and cardmember reimbursements that were announced last week. Consolidated total revenues net of interest expense were $8.1 billion, up 5% from…

Details

Onebip Intros Recurring Payment Android Platform

Onebip mobile payments service from Neomobile launched its subscription payment service for Android devices, having released its first subscription service in 2005 and has successfully managed recurring payments for top global online dating and networking sites since 2008. To celebrate this milestone, Onebip has further enhanced its offering by introducing Onebip Android in-app for subscription payments. Onebip has successfully helped merchants worldwide build their user base and monetize by optimising the opt-in user experience and recurring billing technology. Onebip’s Subscription payments allows online dating, social networking and gaming merchants and is available in more than 70 countries worldwide.

Details

EVO Payments Appoints New CFO

EVO Payments International announced Kevin M. Hodges is new its CFO, where he will be responsible for the company’s expanding global financial operations. He will oversee Finance, Accounting, Treasury, Tax, Human Resources, and Corporate Communications. He previously held various senior financial leadership positions at Global Payments Inc. and worked at Deloitte & Touche. Hodges holds the Chartered Financial Analyst designation and is a CPA.

Details

VocaLink Announces Senior Appointments

VocaLink payment provider announced Nick Millar joins as Strategy and Customer Insight Director, Jim Wadsworth as Product Development Director and Phil Harrison as Commercial Director, Alternative Payments. With 20 years’ experience, Millar joins VocaLink from Visa Europe, where he was Head of Strategy. In his new role, Nick will lead the Strategy and Customer Insight team, developing VocaLink’s corporate strategy to maximise the value of core infrastructure capabilities and support emerging payment models. Wadsworth brings over twenty years’ experience working with market leaders in the payments sector and joins VocaLink from Accourt, where he led its mobile and digital payments practice and advised a wide range of international clients. Harrison joins the company from Clairmail Mobile Solutions where he was Managing Director for EMEA, bringing with him more than 25 years’ experience in retail banking and payment technologies.

Details

SelectCore Introduces Online Bill Payment Solution

SelectCore prepaid payment solutions launched its new online bill payment service, designed to allow consumers to pay their bills quickly and easily with their prepaid stored-value card account. SelectCore is now opening up a new market for online bill payment, bringing this valuable financial tool to underbanked consumers who do not have access to traditional banking. Cardholders including government beneficiaries will be able to safely and conveniently pay their bills any time of day from anywhere online. The service supports online payments to thousands of payees including utility companies, cable providers, telecom carriers, landlords and more.

Details

Credit Agricole Deploys Ingenico Contactless Technology

Crédit Agricole is the first bank in Portugal to use contactless payment technology, having incorporated Ingenico technology into its cards and is in the process of renewing its payment terminals. Some 200,000 contactless cards have been issued and 1,500 Ingenico payment terminals have been installed as part of the first phase of the project to reach 600,000 contactless cards and 5,500 terminals by the end of 1Q/13. Users will now be able to perform small transaction by holding the card up close to the payment terminal.

Details

FIS and ANZ Complete Core Bank Migration

FIS banking and payments technology migrated ANZ New Zealand’s core bank system onto a single FIS core platform. In 2003, ANZ acquired National Bank of New Zealand and has been running the two organisations on separate platforms since the acquisition, for which it was required to migrate away from the acquired brand and decided to consolidate onto the FIS platform in use within the National Bank of New Zealand. AU$46 billion of funds were moved, along with nearly three million customer records accounting for current deposit accounts, credit card and loan accounts.

Details