People on the Move: Mike Delagrange, Galitt (May 2013)

Galitt, a French payments and electronic transactions consultancy, has appointed Mike Delagrange senior vice president and general manager of Galitt’s U.S. operations. He will be responsible for positioning Galitt’s success in selling EMV, NFC and TSM consulting services throughout Europe to major companies in the U.S. Delagrange has more than 20 years of conventional and […]

Discover’s Joe Hurley Talks PayPal, UnionPay and More (May 2013)

Joseph Hurley has been with Discover since 1985 when the then-small company with the big idea—cash-back rewards—got started. He has held positions in marketing, product management, government relations, and network products and services. From 2008-2010, Hurley was deputy president of Diners Club International, and from 2003-2008 he served as head of global client relations and vice president […]

Company on the Move: Accel, Fiserv Inc. (May 2013)

Fiserv Inc., a Brookfield, Wis.-based provider of financial services technology, has announced that its debit payments network, formerly known as ACCEL/Exchange, has a new name: Accel. The name reflects the network’s ability to accelerate funds transfers across retail, biller and social P2P payments, and positions the network within the Fiserv portfolio of payments capabilities to […]

People on the Move: Edward P. Gilligan, American Express (May 2013)

American Express Co. has promoted Edward P. Gilligan to president. Gilligan has served as vice chairman of American Express since 2007, when he was named head of a B2B group responsible for the company’s global relationships with merchants, corporations and bank partners. He joined the company in 1980, and he was named business unit president […]

People on the Move: Steve Paradine, Allied Payment Network (May 2013)

Allied Payment Network, a Fort Wayne, Ind.-based provider of online bill payment services to the financial industry, has announced that Steve Paradine, a financial industry sales veteran with more than 25 years of experience, has joined the company as its senior vice president of sales. His previous experience includes Fidelity National Information Services (FIS), where […]

Diplomacy needed to secure London’s future as a financial centre

A difficult future for the banking industry, but a potentially great one for London as a financial centre, was predicted by Sir John Gieve, chairman of VocaLink and former deputy governor of the Bank of England, speaking at the opening of Swift’s Business Forum in London today. But the industry must be careful and diplomatic if it wants to have any real say in how the future is shaped.

Ukash Inks Funds-Transfer Deal with MoneyGram (April 30, 2013)

London-based prepaid voucher specialist Ukash is extending the reach of its services further with a new deal announced this week with MoneyGram. The alliance will enable Ukash customers to send funds from the Ukash Website to recipients at any MoneyGram outlet worldwide. The service will launch in the U.K. later this year, with plans to […]

Tango Card, ZooZ, GoCardless Raise Investment Capital (April 30, 2013)

Several payment startups have reported funding rounds in recent days, among them are, Tango Card, ZooZ and GoCardless. Tango Card, a Seattle-based provider of a multipurpose gift card that can be used to buy closed-loop gift cards from national retailers, donate to charity or cash out remaining balances, this week announced a $4.1 million series […]

Mobile Commerce Surges in Netherlands (April 30, 2013)

Mobile commerce in the Netherlands reached EUR560 million (US$748 million) in 2012, or 6 percent of all online spending volume during the year, according to a report from industry group Thuiswinkel. The number of Dutch consumers who made a purchase via mobile device during the second half of 2012 was 1.7 million, up a whopping […]

Survey: More Perks, Relief from Security Fears Key to Boosting Mobile Payments (April 30, 2013)

Giving consumers preferential customer service treatment and instant discounts for paying with their smartphones could help boost mobile payment usage, a new Accenture survey suggests. In a broad survey of 4,000 U.S. and Canadian consumers conducted online last year, half of respondents already using their smartphones for payments said they would be more likely to […]

Swift sees expanding role as facilitator for industry collaboration

As delegates gather for the third Business Forum organised by Swift in London this week, issues on the global impact of regulation and the banking industry’s response to it are more pressing than ever Perhaps equally pertinent to the conference – the largest event Swift organises aside from the annual Sibos conference and exhibition, with […]

Dermot Turing, Clifford Chance, at International Payments 2013

Dermot Turing, partner at Clifford Chance, told the IPS conference that regulators are hampering innovation by making it hard for the industry to collaborate though application of competition law. He advocates that banks – particularly from the transaction and payments world – should be educating the regulators in order to get better regulations.

IndusInd Bank chooses Calypso treasury tools

India’s IndusInd Bank has installed a new system from Calypso Technology that it says will help it grow its treasury activities, increase its global markets business and better manage risk.

Javelin: Mobile POS Could Lead to $1.1 Trillion in New Card Payments (April 29, 2013)

The rising prevalence of mobile POS systems could result in up to $1.1 trillion in additional card payments per year and increase payment card acceptance by as many as 20 million merchants, according to a new report by Javelin Strategy & Research. Mobile POS systems like Square, PayPal Here, SpotPay and iZettle, which have become popular […]

Bill to ‘Level’ Playing Field for Online, In-Store Retailers Gains Support in U.S. Senate (April 29, 2013)

Brick-and-mortar retailers are cheering the U.S. Senate’s support of proposed legislation that would prevent some online and catalog merchants from selling goods without collecting sales tax, which traditional retailers say would level the playing field as in-store, online and mobile sales channels converge. The U.S. Senate on May 6 will vote on the Marketplace Fairness […]

TSYS Tools Enable International Shoppers to Compare Prices in Different Currencies (April 29, 2013)

Cross-border shopping could become more convenient with a pair of new services from TSYS that display transactions in multiple currencies, along with the daily exchange rate, so consumers can decide which currency they prefer to pay with before making in-store or online purchases. Through a partnership with Planet Payment Inc., an international multicurrency payment processor, […]

Coinstar Rebrands as Outerwall (April 29, 2013)

In a move meant to embody the evolution of the company, automated retail provider Coinstar Inc. has announced plans to change its name to Outerwall Inc. The name change, which will be subject to shareholder vote in late June, reflects Coinstar’s growth “from a single coin-counting kiosk business into multiple automated retail businesses,” the Bellevue, […]