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October 31, 2006

TSYS Certified To Process Prepaid Cards On MasterCard Network In Europe

TSYS has announced it is now certified to support open-loop prepaid cards in Europe on the MasterCard network. The certification includes capability for chip-and-PIN processing on MasterCard's network.

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GE Money Security Analyst Meeting

GE Money (formerly GE Consumer Finance) is holding a security analysts' meeting today in New York City. Copies of presentations by Dave Nissen, President and CEO of GE Money, and other members of the senior management team are available online.

China: YeePay Partners with Dang Dang for Online Marketplace

YeePay has announced a partnership with the largest online retailer in China - Dang Dang, to provide exclusive payment service for Dang Dang Mall (mall.dangdang.com), a new online store hosting program that allows merchants to sell their goods through Dang Dang's network.

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US Bank Acquires Visa Purchasing, Corporate Card Portfolio From CIBC

US Bank Canada has announced it has acquired CIBC's Visa purchasing and Visa corporate credit card portfolio. U.S. Bank Canada is a division of U.S. Bank, which is a subsidiary of U.S. Bancorp, one of the world's largest issuers of Visa commercial cards.

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CIGNA HealthCare's HealthePass Health Care Payment Solution

CIGNA HealthCare has announced HealthePass, "a comprehensive new solution designed to simplify and improve payment processes to help patients anticipate and manage their health care costs, shorten provider revenue cycle and help address patient bad debt."

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Cardways.com Offers Customized Gift Cards

Cardways.com has announced the launch of its new Web site that offers consumers the opportunity to customize gift cards and greeting cards, allowing them to add their own personal touch to an already popular gift.

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Prosper Updates Results For People-to-People Lending Marketplace

Prosper has announced that its membership has topped the 100,000 mark and that it has generated more than $20 million in loans since launching in February 2006.

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Prepaid Services Fuel The Growth Of Cellphone Banking

Moneyweb reports on how First National Bank in South Africa has enabled prepaid electricity, telephone and cellular phone services to people in even the remotest of areas using their mobile phones. "FNB has recognized the huge uptake of cellphones in South Africa, estimated at about 30 million users, and invested heavily over the past two years towards a technology that enables people to transact using any cellphone device on any mobile network."

Arcot, Yodlee Partner To Provide Multi-Factor Online Security

Arcot Systems has announced a partnership with Yodlee to deliver multi-factor authentication capabilities with the full suite of Yodlee’s solutions and services.

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Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Robert R. Craig has been named executive vice president and general manager of eCommerce Services at Online Resources Corporation. Craig most recently served as head of business development for First Data's remittance processing business.
  • Kazem Aminaee has been named Senior Vice President and General Manager, Hypercom EMEA.
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.

Survey Shows One in Four Report Personal, Financial Info Stolen

According to the latest Experian-Gallup Personal Credit Index survey, one in five (19 percent) consumers report that they have had their financial information stolen including a bank or credit card number. Approximately one in seven (14 percent) say they have had their personal information stolen, such as a birth certificate, driver's license or Social Security number. Combined, 26 percent of Americans report being the victim of one type of theft, while 7 percent report experiencing both.

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