Verifone announced that it was presented with the 2015 George Mitchell Payments System Excellence Award—an award given annually by NACHA—The Electronic Payments Association. The award is named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments. It honors an individual or organization that has
Heartland Payment Systems, one of the nation’s largest payment processors, announced it has teamed with PAX Technology, Inc., one of the fastest-growing terminal providers in the world, to provide Europay, MasterCard, and Visa (EMV)-compliant payment terminals through its Heartland Secure card data security solution and comprehensive breach warranty. EMV chip-based “smart cards” and terminals are
Global commerce platform and payments leader eBay reported that revenue for the first quarter ended March 31, 2015 increased to $4.45 billion. GAAP earnings were $626 million or $0.51 per diluted share, and Non-GAAP earnings were $943 million or $0.77 per diluted share, driven by transaction growth and expense control. eBay Inc.’s commerce and payments
CPI Card Group, a global leader in financial, EMV and commercial card production, and related services, announced that Barry Mosteller, director of research and development for the company, was recognized with the Outstanding Member Service Award at the ICMA 25th Anniversary Expo in Phoenix, Ariz. The Outstanding Member Service Award is bestowed on a member
The Fuel Rewards program has launched a new mobile application that extends the reach of its national coalition loyalty program for its five million members. By embedding loyalty throughout the mobile experience, Fuel Rewards members can link their loyalty, credit, debit and prepaid cards to their smartphones to make it easy to earn rewards on
GlobeOne, a new fintech company, announced a Letter of Intent to enter into an agreement with MetaBank to bring GlobeOne’s global mobile banking solution to the United States later this year. As a recognized leader in the banking industry, MetaBank has been named among the top community banks and in the top-performing mid-sized banks in
EastPay, a Regional Payments Association, has announced the formation of EastPay Advisory Services, a wholly-owned subsidiary that will provide payments risk management, compliance, and consulting services to financial institutions and businesses. EastPay Advisory Services (EAS) was formed to deliver the services that payments industry stakeholders need to be compliant and competitive. Services offered by EAS
The Latin America chapter of the ATM Industry Association (ATMIA) will host the region’s only conference and expo dedicated to “The Future of ATMs in Latin America”, June 10 – 11 in Miami, FL, USA. Financial institution and independent ATM operators, and other industry stakeholders, will have a unique opportunity to network with their peers,
PayPal announced two new leaders will be joining the company as it prepares to separate from eBay Inc. and become an independent, publicly-traded company later this year. Both will report to PayPal president and CEO designee Dan Schulman and serve on the company’s leadership team. Louise Pentland will become PayPal’s new General Counsel, joining the
MasterCard has partnered with acclaimed restaurateur and chef Marcus Samuelsson to bring Qkr! with MasterPass to the first restaurant location in the United States. The Qkr! with MasterPass app will be available to patrons of Samuelsson’s newest spot, Streetbird Rotisserie – a casual kitchenette featuring its namesake ‘bird’ with complementary dishes reflecting Marcus’ multicultural upbringing from
