PayTech


Cardplatforms to Develop Payroll Programs with Experian (Feb. 5, 2013)

Feb. 5, 2013 Experian, an information services company and major credit bureau, has announced it will provide Cardplatforms LLC with its international authentication services to help the prepaid card services provider roll out prepaid cards worldwide. Cardplatforms will incorporate its prepaid card issuance network with Experian’s verification services, Prove-ID and AutoDoc-ID, to launch a payroll […]

PIF Launches Chapter for Middle East (Feb. 5, 2013)

Feb. 5, 2013 International not-for-profit trade association Prepaid International Forum (PIF) is launching a regional chapter for the Middle East. Executives from PIF’s regional Chapter Patron, TSYS, have been working with the association’s central body to coordinate the chapter launch, which will include an inaugural meeting on Feb. 18 in Dubai. Invited organizations will consider […]

Urban Trust Shutters Overdraft for Prepaid Cards (Feb. 5, 2012)

Feb. 5, 2012 As of Feb. 1, Urban Trust Bank (UTB), a federally chartered community bank, is no longer offering overdraft protection on its Visa Prepaid Debit Cards. The decision comes after a “careful and thorough evaluation of the prepaid cards’ features in an effort to streamline the cards’ offerings and to best serve the […]

Green Dot Revenue Up on Card Use, Spending Growth (Feb. 4, 2013)

Feb. 4, 2013 Prepaid issuer and program manager Green Dot Corp. said its revenue jumped 15 percent in the fourth quarter of 2012 compared to the previous year, with the growth largely due to upswings in card activation and consumer spending. The Pasadena, Calif.-based company took in $137.3 million in last year’s final three months, […]

Facebook Expands Gifting Program with New Card (Feb. 4, 2013)

Feb. 4, 2013 Facebook is expanding its brick-and-mortar gifting program with the launch of its own branded gift card. The Facebook Card began rolling out last week, the social network said in a blog post, with availability “gradually” expanding to more U.S. users. The preloaded card can be purchased within the Gift Cards & Digital […]

PFS, Deutsche Card Services to Develop Corporate Prepaid Cards in Europe (Feb. 4, 2013)

Feb. 4, 2013 U.K.-based program manager Prepaid Financial Services Ltd. (PFS) and Deutsche Card Services (DeuCS), a Frankfurt-based acquirer and subsidiary of Deutsche Bank, have signed a strategic partnership to develop and deliver prepaid card solutions across Europe for corporate clients. PFS will provide the technology and support to enable DeuCS to offer new payment […]

Republican Opposition to Cordray Redux (Feb. 4, 2013)

Feb. 4, 2013 Senate Republicans have made it clear their opposition to the re-nomination of CFPB Director Richard Cordray, or any nominee, will not wane until their concerns about the agency are addressed. In a letter to President Barack Obama written by Sens. Mitch McConnell (R-Ky.) and Mike Crapo (R-Idaho) and signed by 43 Republican […]

U.K.’s Weve Completes Vodafone Integration (Feb. 4, 2013)

Feb. 4, 2013 U.K. mobile wallet venture Weve this week announced it has completed the integration of Vodafone, its third mobile network operator, into its mobile advertising and commerce platform and a total of 15 million consumers, or 25 percent of the U.K. population, have opted in to the service. Weve, a joint venture of […]

Western Union: Expanding on all fronts

As the global payments markets changes, Western Union has plans to change with it. Massimiliano Alvisini, regional director UK, Ireland & Nordics explains how and why.

People on the Move: Nick Millar, Jim Wadsworth and Phil Harrison, VocaLink (February 2013)

February 2013 VocaLink, a London-based international payment provider, recently announced three senior hires. Nick Millar joins as strategy and customer insight director, Jim Wadsworth as product development director and Phil Harrison as commercial director, alternative payments. They report to Paul Stoddart, managing director of strategy and business development. Millar joins VocaLink from Visa Europe, where […]

People on the Move: Robert W. Matschullat, Visa Board of Directors (February 2013)

February 2013 Visa Inc. recently announced that the company’s board of directors has elected Robert W. Matschullat as Visa’s nonexecutive, independent chair. The appointment is effective April 1, following the retirement of executive chair Joseph W. Saunders. Matschullat has been a Visa director since October 2007. He has served as chairman and interim CEO of […]

People on the Move: Mohammad Hashemi, Payza (February 2013)

February 2013 Payza, an online payment platform, has promoted Mohammad Hashemi to the newly created position of vice president of strategy. He will be responsible for implementing Payza’s overall business strategy and global expansion by spearheading its partner acquisition efforts. As Payza’s director of product strategy, Hashemi managed the life cycle of the company’s products, […]

People on the Move: Gerhard Falb, paysafecard group (February 2013)

February 2013 Austria-based  paysafecard group has appointed Gerhard Falb as chief marketing officer. He is responsible for the management of all marketing activities, nationally and internationally. Falb has extensive experience in leadership and marketing, which he gained at mobile operator ONE (now Orange), bwin and Michelin Austria, among others. Before joining the company, Falb worked […]

People on the Move: Steve Bacastow and Charlie Wiggs, Mozido LLC (February 2013)

February 2013 Mozido LLC, a startup that focuses on cloud-based, white-label mobile payments services for banks and merchants, has appointed Steve Bacastow and Charlie Wiggs to its management team. As senior vice president of operations, Bacastow is responsible for leading all company operations functions with a focus on maximizing growth and profitability and meeting compliance […]

People on the Move: Ed Labry, First Data (February 2013)

February 2013 First Data Corp., an Atlanta-based payments processor, announced that its board of directors has named Ed Labry interim CEO while it conducts a selection process. In early January, the company announced that Jon Judge planned to retire as CEO for health reasons and would serve until a transition was effected. Labry has spent […]