Heartland Payment Systems Files Federal Lawsuit Against Mercury Payment Systems

Posted on by wademinnie | 7865 Views | 20 min read

Heartland Payment Systems has filed a federal lawsuit against Mercury Payment Systems, charging them with false advertising, unfair competition, intentional interference with contractual relations, and intentional interference with prospective economic advantage. The suit, filed in United States District Court in the Northern District of California, San Francisco Division, alleges that Mercury is illegally competing against

Visa Inc. Reports Fiscal First Quarter 2014

Posted on by wademinnie | 4364 Views | 19 min read

Visa Inc. has announced financial results for the Company’s fiscal first quarter 2014. Net income for the fiscal first quarter was $1.4 billion or $2.20 per share, an increase of 9% and 14%, respectively, over the prior year results. All references to earnings per share assume fully-diluted class A share count unless otherwise noted. Net operating revenue in the fiscal

Acculynk Launches Direct-to-Debit Business Payout Solution

Posted on by wademinnie | 7693 Views | 9 min read

Payzur, Acculynk’s real time P2P platform, is now offering businesses the ability to transfer payments directly to an individual’s or small business’ debit card instantly. Acculynk’s Payzur direct-to-debit payment platform aids businesses, such as online marketplaces, that regularly make payments to individuals or small businesses by offering a frictionless “payout” process that doesn’t require account

UK’s Argos turns to Mobile NFC

Posted on by wademinnie | 7796 Views | 9 min read

Proxama PLC a mobile marketing, loyalty and mobile wallet company, has delivered the first major retail Near Field Communication (NFC) capability for leading UK online and high street retailer, Argos. From 18th January and in 40 Argos stores throughout the UK shoppers are able to tap their NFC-enabled smartphones to engage with store staff who

EAC Banks Adopt Regional Payment System

Posted on by wademinnie | 8895 Views | 8 min read

The Bank of Tanzania (BoT) announced that the East African Payment System (EAPS) has started operating and will enhance cross border payments and boost trade within the region. The BoT governor, Prof Benno Ndulu, said in a statement issued by the Bank in Dar es Salaam that the EAPS was part of modernisation efforts of

MasterCard Reports 2013 Net Income Up 15%

Posted on by wademinnie | 4526 Views | 18 min read

MasterCard Incorporated has announced financial results for the fourth quarter of 2013. Excluding a special item, the company reported net income of $684 million, up 13%, and earnings per diluted share of $0.57 (adjusted for the company’s ten-for-one stock split), up 16%, versus the year-ago period. Including the special item, a $61 million after-tax charge

The Super Bowl Will Be Super for Banks and Credit-Card Companies, Too

Posted on by wademinnie | 7841 Views | 11 min read

This could turn out to be one of the most expensive years for tickets to the Super Bowl, where the Denver Broncos will play the Seattle SeaHawks for the national title. That is good news for football; good news for the two teams, which together got more than a third of the tickets to sell;

Visa Streamlines Process for Corporations to Pay by Visa

Posted on by wademinnie | 6237 Views | 6 min read

Visa Inc. has announced plans to provide companies a simplified way to pay by Visa through their Visa Commercial issuer using the SAP Financial Services Network. The new payment solution is expected to help corporations more easily automate and process their invoice payments without the need for significant investment in custom software, and is planned

TSYS Appoints Two New Members to Board of Directors

Posted on by wademinnie | 6078 Views | 9 min read

TSYS has announced the election of two new members to its board of directors — William M. Isaac, senior managing director and global head of Financial Institutions for FTI Consulting and former Chairman of the Federal Deposit Insurance Corporation (FDIC); and Connie D. McDaniel, former senior executive at the The Coca-Cola Company and Ernst &

Jumia Nigeria appoints new CEOs

Posted on by wademinnie | 9425 Views | 9 min read

E-commerce platform Jumia Nigeria has announced Nicolas Martin and Jérémy Doutté as chief executive officers (CEOs), replacing former managing directors Tunde Kehinde and Raphael Afaedor who have decided to leave to start their own business. “To prepare for his new tasks, Nicolas Martin joined Jumia Nigeria a few months ago. Prior to this, he worked