Worldpay Takes Home the Top Prize at CNP Awards 2014

Worldpay, a global leader in payment processing, risk and alternative payments, has won two awards at the prestigious CNP Awards 2014. The CNP Awards honour companies that have distinguished themselves in the card-not-present space (where the cardholder and the card are not present at the point-of-sale) and make accepting payments easier and more secure for

Digital River Receives CardNotPresent Award

Digital River, a provider of Commerce-as-a-Service solutions, received a Customer Choice Award from CardNotPresent (CNP) for Best Subscription and Recurring Billing Program. The award was presented at the CNP Expo in Orlando on May 21, 2014. The awards honored the companies, programs and solutions that have distinguished themselves in the card-not-present space during the past

eBay Inc. To Ask eBay Users To Change Passwords Due to Security Breach

eBay Inc. has said it will be asking eBay users to change their passwords because of a cyberattack that compromised a database containing encrypted passwords and other non-financial data. After conducting extensive tests on its networks, the company said it has no evidence of the compromise resulting in unauthorized activity for eBay users, and no

Western Union Business Solutions Launches in Malaysia

The Western Union Company has announced the expansion of its services in Malaysia with the launch of its dedicated business payments unit, Western Union Business Solutions. In addition to its consumer-to-consumer money-transfer service, Western Union will now provide corporate businesses, particularly small- and medium-sized enterprises (SMEs), with international payment and foreign-exchange products to improve their

Fiserv Collaborates with University of Connecticut School of Business on Next-Generation Banking Apps

Fiserv and the University of Connecticut School of Business, one of the top public business schools in the nation, have announced that Fiserv is participating in the university’s Financial Accelerator Program to help educate students and foster innovation. The Financial Accelerator Program was established in 2002 to create opportunities for UConn students and faculty to

Heartland Payment Systems Unveils New Brand Identity

Heartland Payment Systems,  payment processors and leading provider of merchant business solutions, has unveiled a new brand identity. The new branding initiative better reflects Heartland’s dramatic evolution from a small debit and credit card processor to a leading national business solutions provider serving a range of industries from retail to restaurant, parking to petroleum, to

MasterCard Acquires ElectraCard Services

MasterCard has announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd., (“Opus”) to acquire its subsidiary, ElectraCard Services Private Limited, (“ECS”), a leading global provider of software solutions and processing services for electronic payment and card systems. MasterCard previously had a minority investment in ECS. This transaction is anticipated to

New MoneyGram Service Transfers Funds to Bank Accounts in Mexico in Less than an Hour

MoneyGram a global money transfer and payment services company has announced a new channel to transfer money to Mexico at an unparalleled speed – in just 30 minutes. The launch of this near real-time service provides customers with a fast and secure option to send funds through the trusted MoneyGram network. This new offering complements

Mahindra Comviva MPOS Solution Wins Award for Innovation in Consumer Service

Mahindra Comviva, a provider of mobile financial solutions and ICICI Merchant Services, (ICICI MS) an alliance formed in 2009 between ICICI Bank – India’s largest private sector bank, and First Data –the global leader in payment technology and services solutions, have won the Global Telecoms Business Award for Innovation in Consumer Services for mobile POS

eBay Arrives in Latin America

eBay, the global commerce platform and a mobile commerce leader, has announced the launch of new Spanish- and Portuguese-language versions of eBay.com to better serve customers across Latin America. More than 2 million people in Latin America already shop eBay in English and U.S. dollars. Now, when these customers visit eBay, they will see localized