The Managing Director of Guaranty Trust Bank Ghana; Mr. Lekan Sanusi, says banks must strive hard to be innovative as without this they risk going out of business. “Without innovation you can’t continue to remain as a business in the minds of the customers. Customers must be able to know that there’s always something new
With almost 20 years of experience in the payment media and finance industry Ovidio Egido has been appointed as Country Manager for MasterCard in Spain. Egido has been with MasterCard since 2012 when he joined as Senior Business Leader for the country. For those two years he was responsible for the business expansion and for
FNB has expanded its dotFNB branch footprint by opening the first cashless bank branch on the West Rand. The new dotFNB branch has opened at Cradlestone Mall, the newly developed shopping complex in Mogale City. Following the success of the first dotFNB branch, which opened in April 2012 at Nicolway Shopping Centre in Bryanston, a
ACI Worldwide, a provider of electronic payment and banking systems, has announced that Genesis Financial Solutions has selected ACI Bill Payment Solutions to facilitate customer loan payments. Genesis Financial Solutions, a leading U.S. consumer finance company, was using multiple legacy systems across different lines of business and funding sources. As its business grew, the complexity
Ingo Money has announced the addition of Lisa McFarland as executive vice president and chief marketing officer. In this role, she will lead product strategy and marketing for the company’s Ingo Money Network and Ingo Enterprise Solutions business lines. McFarland brings nearly two decades of expertise in product development, marketing and strategic sales support for
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
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
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
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 &
Fiserv, Inc. a provider of financial services technology solutions, has announced that its Vantage Risk and Budgeting Manager application is available as a hosted software-as-a-service (SaaS) solution via the Intelligent Workplace web portal. Vantage Risk and Budgeting Manager via Intelligent Workplace from Fiserv efficiently integrates risk and budgeting processes into a performance management framework to
