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January 11, 2007

Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Robert J. Philbin has been named president of TSYS Acquiring Solutions. Philbin, who will report to M. Troy Woods, president and chief operating officer of TSYS, joined the TSYS Acquiring Solutions team as chief financial officer in 2004.
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.

The iPhone and the mCommerce Challenge

Ken Eisner blogs about the iPhone and mobile commerce - commenting on an article in today's Internet Retailer titled "Apple’s iPhone could push consumers to mobile Commerce". Eisner comments "without having an opportunity to utilize the phone and interact with its form and features, I’m extremely bullish on its possibilities. For the mobile industry, it may very well be a game changer."

SunTrust Announces Treasury & Payment Solutions Division

SunTrust Banks has announced the re-branding of its treasury management division to SunTrust Treasury & Payment Solutions. According to the bank, the new name is "in line with a shift in the marketplace, where corporate treasury departments are expanding in scope and often contributing significantly to corporate strategy and decision-making."

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Ten Millionth Oyster Card Issued

Transport for London (TfL) has announced that the 10 millionth Oyster card has been issued - say that "this is a major step towards TfL's aim of making Oyster smart card electronic ticketing the predominant means of payment throughout London's transport system. Around three quarters of all Underground and bus payments in London are now by Oyster card."

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Wells Fargo Expands Online Game for Financial Education

Wells Fargo has announced it has "added more challenging financial education content -- and entertaining activities -- to Stagecoach Island, its multi-player, online role-playing game for high school and college age students. When Wells Fargo piloted the Stagecoach Island game more than a year ago it became the first financial institution to use an online role-playing game to make financial education fun."

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Market Forecast For World EFT POS Terminals

Frost & Sullivan has published its latest forecast of World EFT POS Terminals Markets reporting that the total market accrued revenues of $1.3 billion in 2005 and estimates it will reach $2 billion in 2011.

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AT&T, Citi Extend Consumer Credit Card Agreement

AT&T and Citigroup have announced a long-term extension of the relationship through which the AT&T licensing arm, AT&T Knowledge Ventures, licenses the AT&T brand to Citi for general purpose consumer credit cards.

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A Look At MasterCard

Marilyn Alva writes for Investor's Business Daily about MasterCard - and some of its plans as well as the competitive and litigation landscape likely to be ahead in 2007.

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