American Express Announces Settlements with Bank Regulators

Posted on by wademinnie | 4360 Views | 5 min read

American Express Company has announced that certain of its subsidiaries have reached settlements with several regulatory agencies to resolve previously disclosed regulatory reviews of marketing and billing practices related to several products that have been discontinued. The settlements involve American Express Travel Related Services Company, Inc., American Express Centurion Bank and American Express Bank, FSB.

Starbucks Expands Starbucks Cards to China in Time for the Lunar New Year

Posted on by wademinnie | 9544 Views | 5 min read

Starbucks Coffee Company introduced Starbucks Gift Cards at select locations in Mainland China. Starbucks Cards can be purchased in three unique design themes, including Thank You, Kind Regards and Happy Lunar New Year. “The Lunar New Year is a time when family and friends gather to meet, connect and share stories,” said Belinda Wong, president,

MasterCard, eServGlobal and BICS Create Remittance Joint Venture

Posted on by wademinnie | 12971 Views | 9 min read

MasterCard,  eServGlobal and BICS have announced the formation of HomeSend, a joint venture which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub

MasterPass Digital Payment Platform Launches in Italy

Posted on by wademinnie | 5986 Views | 12 min read

MasterPass, MasterCard’s new digital payment platform is debuting in Italy, offering consumers, by the end of the first quarter 2014, an easier, quicker, and more secure way to shop online. Mediaworld, Trenitalia and Vodafone are the first major brands that have already enrolled for MasterPass and will shortly be joined by Esselunga. 3,500 more retailers

Mopay Announces a Strategic Partnership with Telenor

Posted on by wademinnie | 12625 Views | 5 min read

Mopay, a provider of payment solutions for online merchants, has announced a strategic partnership with Telenor, a leading telecommunications operator in Scandinavia and one the world’s ten largest network operators. Based in Norway, Telenor has nearly 34,000 employees worldwide, managing mobile operations in 12 international markets. mopay is one of the first companies to be

TIS Further Expands Its Cloud Platform with SEPA Direct Debit Mandate Management

Posted on by wademinnie | 8978 Views | 9 min read

The management of customer master data and mandate data in one central, multibank and multi-ERP-capable payment transaction solution is especially important within heterogeneous landscapes. Due to the introduction of SEPA Direct Debit (SDD), mandate management, i.e. an overview of approved direct debit authorisations, will become a necessary “To Do” for every company to implement. SEPA

Automatia Introduces Cash Recycling Systems for Banknotes and Coins to Finnish Banks

Posted on by wademinnie | 6211 Views | 5 min read

Automatia feels the time is ripe for automated cash recycling in Finland. The IT service company operates the nationwide ATM network of Finnish banks, consisting of 1,600 systems, and will install 150 Wincor Nixdorf CINEO cash recycling terminals next year. The aim of the interbank company in investing in the recycling ATM network is, on

Primax Teams Finish in Top 25% in Visa Global Challenge

Posted on by wademinnie | 7603 Views | 5 min read

Primax, a provider of debit and credit card issuing and merchant acquiring programs, products and services, has announced that its two entrants in the Visa Global Challenge have finished in the top 25% from among 144 participating teams world-wide. The Visa Global Challenge, a team-based, online payment simulation that tracks each competing team’s portfolio performance

New Ogone Report Highlights Fraud Prevention as a Key Consideration for UK Businesses

Posted on by wademinnie | 6411 Views | 11 min read

Ogone, an Ingenico company and online payment services provider have unveiled new research announcing continued growth in European online and mobile payment markets. Comparing five major EU territories: – the UK; Germany; France; Belgium and The Netherlands, payments specialist Ogone’s new report entitled ‘Online & mobile payments: New opportunities & threats’ explores differing regional and

Mobiliti Named Top Customizable Solution in Mobile Banking Vendor Scorecard

Posted on by wademinnie | 7748 Views | 11 min read

Fiserv, Inc., a provider of financial services technology solutions, have announced that Mobiliti from Fiserv received the highest score for a customizable solution in the Javelin Strategy & Research 2013-2014 Mobile Banking Vendor Scorecard. The report offers a detailed, competitive analysis and ranking of 11 mobile banking providers based on an evaluation of security, mobile