Tags » American Express, Card Payments, Emerging Payments
Jane Kim reports for the Wall St. Journal on an expected announcement by American Express today that it is working with New York real-estate firm Moinian Group to allow condominium buyers to pay for their down payments using their American Express cards. Talk about a big ticket purchase!
Tags » Prepaid Cards and Stored Value Cards, Unbanked
Constantine von Hoffman writes for BrandWeek how some marketers are discovering the "underbanked" - pointing out that the "fastest growing product in the financial services sector is prepaid debit cards, most of which are being bought and used by people who don't have a bank account. Similarly, prepaid is currently the hottest segment of the wireless category."
Tags » Gift Cards, Metavante, Online Banking, p2p - Person to Person Payments
Digital Insight and Metavante have announced agreements that expand their strategic relationship. Under the terms of one new agreement, the partnership will now include NYCE Network real-time payments technology that gives online banking users of Digital Insight client financial institutions the ability to securely conduct inter-institution account-to-account (A2A) funds transfers. A second agreement provides Digital Insight client financial institutions the ability to resell or directly issue stored-value gift cards to their customers through Digital Insight's online banking interface or at their branch.
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Tags » Health Savings Accounts
The HealthPay Group based in San Francisco has announced its formation saying that it intends to "focus on the convergence of the healthcare and financial services industries that has been triggered by the rapid expansion of consumer directed healthcare accounts and the popularity of Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs) and Flexible Spending Accounts (FSAs)."
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Tags » Cards For Teens, Debit Cards, MasterCard, MetaBank, Prepaid Cards and Stored Value Cards
Catwalk Distribution in partnership with Trycera Financial, has announced the Model Prepaid MasterCard, a "full service financial tool designed to help professional and aspiring models and actors manage their finances smarter, faster and safer than ever before."
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Tags » Debit Cards, Financial Regulators, Interchange Fees
The Reserve Bank of Australia has provided an update on several of the payments systems issues it has been studying including setting the acceptable range for interchange fees in the Australian EFTPOS debit payment service.
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Tags » Commercial Cards, Visa
Visa International has announced that the sales volume of Visa Business cards worldwide, represented by global small business spend, has reached US$190 billion over a 12-month period, as Visa says small businesses continue to adopt payment solutions that are more convenient and secure than cash and checks.
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Tags » Announce Yourself!
We have received news of the following recent management changes:
- Gary Kohn, has been named vice president, Investor Relations, for Western Union.
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues,
be sure to tell us about it.