SecureNet Payment Announces $18mm Growth Investment

SecureNet Payment Systems payment processing technology announced Sterling Partners led an additional $18 million growth equity investment in SecureNet. SecureNet connects merchants, financial institutions and their customers by providing advanced payment technology to deliver a fully integrated, one-stop payment solution that is easy-to-use, secure and affordable for merchants of all sizes. The company processes more than $12 billion in transaction volume and services 14,000 merchants annually.

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Western Union Markets Prepaid Gold Card

Western Union launched its Gold Prepaid Card with VISA International and UnionBank of the Philippines. This will allow the cardholder to direct Western Union Money Transfer transactions directly onto the card by sending a text message, calling a customer-service hotline, visiting Western Union’s website or visiting a Western Union Agent location. The Western Union Gold Prepaid Card will introduce many Filipinos to the financial mainstream in a nation where, according to the World Bank, just 27 percent of adults over the age of 15 have bank accounts. In addition to remittances, cardholders can load their paychecks, government payments, their own cash and other earnings directly onto the card. It requires no minimum balance and includes a loyalty program.

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Eurobank Deploys Mellon Technologies for Contactless Cards

Mellon Technologies IT integrator deployed its large-scale contactless EMV project in conjunction with Eurobank. The first contactless credit cards now available to bank customers, the EMV project allows cardholders to pay for goods of up to EUR25 with no need to enter a PIN or sign the payment slip. The biggest advantage of contactless payments is the transaction speed -by simply holding a contactless-enabled card over a reader, without entering a pin or signing a slip. While a typical card payment needs approximately 12 seconds to conclude, the contactless payment takes less than a second. Mellon Technologies cooperated with Gemalto , which Mellon represented for over 15 years.

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UAE Exchange partners UNICEF For Underprivileged Children

UAE Exchange and UNICEF announced their renewed association for the cause of underprivileged children in 2012 to donate USD 100,000 to UNICEF for the cause. The contribution will be sourced from remittance transactions sent through UAE Exchange branches in UAE, Oman, Kuwait, Qatar and Bahrain, during the holy month of Ramadan, without levying any extra charge on the customers. UAE Exchange is a remittance and foreign exchange brand with operations across 30 countries, built over 30 years. The organization has been instrumental in aiding those affected in natural disasters and other social issues. UNICEF, with its strong presence in more than 150 countries and territories, is known for its initiatives to bring good health, education and protection to all underprivileged children across the world.

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U.S. Bank Offers Surcharge-Free Transactions at MoneyPass ATMs

Kroger prepaid debit cardholders can now enjoy surcharge-free transactions at all ATMs that offer the MoneyPass Network network of over 23,000 ATM locations. Surcharge-free MoneyPass ATM transactions are an extension of U.S. Bank’s extensive financial services relationship with The Kroger Co retailers. In 2010, U.S. Bank and Kroger formed a strategic alliance that offered Kroger customers and associates a suite of payment products and financial services, including reloadable prepaid debit products that offer rewards with every purchase and can be used to shop and pay bills online.

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American Express Elect New Board Member

American Express Company announced that Daniel L. Vasella, M.D. has been elected to its Board of Directors. Having served as CEO and executive member of the Board of Directors for 14 years following the merger that created Novartis in 1996, Dr. Vasella was appointed Chairman of Novartis in April 1999. Before the Novartis merger, Dr. Vasella was CEO of Sandoz Pharma Ltd. and a member of the Sandoz Group Executive Committee. From 1988 to 1992, he was with Sandoz Pharmaceuticals Corporation in the United States, prior to which he held a number of medical positions in Switzerland.

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Bank of America Deploys EMV Chip Credit Cards

Bank of America is deploying its chip technology on many of its consumer credit cards to increase acceptance and security of the cards for international travelers. Also known as EMV (EuroPayMastercard Visa), the cards are embedded with a microprocessor chip that encrypts and stores the account information. The cards also include the traditional magnetic stripe, which is used by U.S. merchants. The bank will include the chip technology in all newly issued Merrill Lynch credit cards, U.S. Trust Accolades, BankAmericard Travel Rewards, BankAmericard Privileges, and Virgin Atlantic travel credit cards. Customers will be able to request the chip card options at the banking center or via phone beginning this week and online later this year.

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Citi and Hilton Worldwide Launch New Credit Card

Citi and Hilton HHonors, the loyalty program for Hilton Worldwide’s 10 distinct hotel brands, introduced the Citi Hilton HHonors Reserve Visa Signature Card. This offers multiple ways to earn HHonors Bonus points on everyday purchases and an annual weekend night certificate good at over 3,800 hotels and resorts within the Hilton Worldwide portfolio. Consumers can apply for the new Citi Hilton HHonors Reserve Card online at www.hiltonreserve.com, for an annual fee of $95 and privileges including: Weekend Night Certificates for Stays at Thousands of Hotels in the Hilton Worldwide Portfolio; Two weekend night certificates after spending $2,500 in purchases within the first four months of cardmembership; Anniversary bonus of one weekend night certificate each year after $10,000 in annual purchase spend; and Ten HHonors Bonus Points for every $1 spent on hotels stays within the Hilton Worldwide portfolio of brands, in addition to base points normally earned for stays.

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Schedulicity Launches Online Credit Card Feature

Schedulicity online scheduling for appointment-dependent SMBs, announced the availability of Reliability+, a new feature offering businesses the ability to request a credit card hold from clients when booking high-value services, classes or workshops, eliminating loss of income from unattended appointments. Reliability+ stores credit card information according to PCI-DSS, providing security and privacy of payment information for businesses and their clients.

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TransCard Appoints CFO

TransCard added Richard Anderson as Chief Financial Officer, rounding out TransCard’s executive leadership team. As CFO, Anderson is responsible for helping to shape the strategic direction of the company. He is also responsible for all financial analysis, forecasting, reporting, investor’ communications, and risk management. Anderson was president and CEO of Shoreline Business Solutions, Inc., a leading provider of payment card personalization and fulfillment services to community banks and credit unions. Anderson has more than 25 years’ experience working with middle-market, entrepreneurial companies as an accounting, financial, and operational advisor. TransCard continues to identify talent that profiles excellence and has quickly become one of the fastest growing technology companies in Tennessee.

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