Citi announced that it successfully completed on September 6 the acquisition from Capital One Financial Corp. of Best Buy’s U.S. credit card portfolio and the conversion of the portfolio to Citi’s systems. Citi Retail Services, the premier provider of credit card products, services and solutions for North America retailers, will manage the portfolio going forward.
MasterCard announced, with a $1.5 million grant, that it is joining the Better Than Cash Alliance. MasterCard’s commitment comes at the one-year anniversary mark for the Better Than Cash Alliance, which works with governments, the development community and the private sector to digitize their cash payments to people in emerging economies. The initiative for electronic
Kaspersky Lab explains how to avoid banking Trojans The rise of online banking has given birth to a new form of cybercrime – the theft of payment information. Fraudsters keep developing new ways of bypassing protective systems for financial data. How does their malware steal your money? How can we protect ourselves against them? Is
The Board of Directors of VeriFone Systems, Inc. announced that it has appointed Paul Galant Chief Executive Officer and Member of the Board of Directors, effective October 1, 2013. VeriFone, Mr. Galant, 45, served as the CEO of Citigroup Inc.’s Enterprise Payments business since 2010. In this role, Mr. Galant developed innovative digital payments services for
Intuit and Square announced a seamless integration between Square and QuickBooks. Built on Intuit’s open platform, the integration will enable small businesses to more efficiently import their transactions from Square into QuickBooks helping them streamline their operations, save time and ensure accurate reporting. The offering will be available on November 19. “By rebuilding QuickBooks as
Groupon announced the acquisition of SideTour, a marketplace that helps people discover, book and host great local activities. Terms of the deal were not disclosed. SideTour handpicks a growing selection of unique, hosted events that connect customers with qualified experts who help them discover more about their cities and the things they’re passionate about. “The
Consumers globally are increasingly using alternative payment methods to purchase video games instead of credit or debit card, according to research findings unveiled by WorldPay, a global leader in payment processing, risk and alternative payments. Video Games Payment Preferences, a whitepaper exploring the payment landscape and purchasing frustrations in the video game industry based on
In line with MasterCard’s recent introduction of Egypt’s Mobile Payment Gateway, National Bank of Egypt (NBE), Fawry and Egyptian Banks Company (EBC) have announced the launch of “Phone Cash”, an innovative new mobile payment solution. The “Phone Cash” mobile payment wallet is available to banked and unbanked customers across Egypt, who can use the service
MasterCard announced the appointment of Aaron Oliver as Head of Emerging Payments for the Middle East and Africa (MEA). Aaron will be responsible for introducing and managing Emerging Payment products to meet the evolving needs of consumers and effectively support MasterCard’s future growth in the region. Aaron joins MasterCard from Visa where he held the
Fiserv, Inc. a global provider of financial services technology solutions, announced the availability of Predictive ScoresSM, a new predictive modelling solution for customer behaviour. Predictive Scores leverages insights from multiple, complex data sets (so-called “Big Data”) to provide timely, actionable information that enhance the success of marketing and performance management strategies within financial institutions. Predictive
