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September 25, 2007

First Data's Centers of Excellence

Following the closing of the KKR acquisition yesterday, First Data Corp. has updated some of the information on its web site. Included in the bio for newly appointed Chief Strategy Officer Tom Bell is a description of his responsibilities for FDC's "Centers of Excellence" - described as 1) mobile payments, 2) loyalty, 3) data analytics and 4) fraud and security.

Green Credit Cards

Cherie Berkley writes for Bankrate.com about "the greening of credit cards".

Discover Reports Financial Results

Discover Financial Services has announced its financial results for its third quarter ending August 31 - reporting a four percent growth in both credit card sales volume and managed loans.

MasterCard Easy Savings Program For Business Cards

MasterCard has announced the launch of MasterCard Easy Savings, a new savings program for MasterCard BusinessCard credit and signature debit cardholders offering them "easy, automatic savings on goods and services every time they use their MasterCard BusinessCard credit and signature debit cards for qualified purchases at participating U.S. merchants."

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First Data Execs Out After KKR Deal

David Milstead reports for Denver's Rocky Mountain News that four top executives of First Data are departing following the KKR acquisition that closed yesterday. In addition to CEO Ric Duques, those departing include Senior Executive Vice President David Bailis, the head of financial institution services, Senior Executive Vice President Pamela Patsley, president of First Data International, and Executive Vice President David Treinen, the president of First Data Government Solutions.

GarantiBank Launches Mobile Banking in Turkey

Volantis, a supplier of "Intelligent Content Adaptation" solutions for mobile services, has announced that "GarantiBank has made its device-independent mobile banking portal available to over 6 million customers using Volantis Framework."

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