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« October 14, 2012 - October 20, 2012 | Main | October 28, 2012 - November 3, 2012 »

October 25, 2012

October 24, 2012

Visa names Charles W. Scharf as new CEO

Visa logo 60pxhVisa Inc. has announced that Charles W. Scharf, formerly Chief Executive Officer of Retail Financial Services for JPMorgan Chase & Co. (JPMorgan Chase), will succeed Joseph W. Saunders as Visa’s Chief Executive Officer, effective November 1, 2012. Mr. Scharf is a former director of Visa Inc. (and its predecessor Visa U.S.A). Mr. Saunders, who has served as the company’s CEO since 2007, will continue his duties as executive chairman of the company during the period of his employment, which extends to March 31, 2013. After Mr. Saunders retires, the Board intends to appoint a new non-executive independent chairperson.

October 23, 2012

U.S. Bank to Offer by Visa to Its Cardholders

USBank logo 140px U.S. Bank announced that it will providers its customers access to Visa’s new digital wallet service, by Visa.
“ presents a new service for our customers that addresses the growing consumer desire to shop online from any device with ease and simplicity,” said Clifford Cook, chief marketing officer for U.S. Bank Retail Payment Solutions.

U.S. Bank customers will be able to enroll their existing Visa and other payment card accounts, allowing them to pay online by simply entering a user name and password at checkout, whether transacting on a PC or mobile device.

Vodafone’s M-Pesa to Expand Money Transfer Routes to 35 Countries

M Pesa logo 140px Vodafone announced that next month, it will connect its M-Pesa service to a leading international remittance hub, HomeSend operated by BICS. This will allow M-Pesa customers to send and receive funds via their mobile phone accounts by connecting directly to more than 21 international money transfer businesses in 35 countries.

October 22, 2012

Isis Launches in Austin and Salt Lake City

Isis logo 140x60px Isis has announced the availability of the Isis Mobile Wallet in Austin and Salt Lake City. Consumers can visit their AT&T, T-Mobile or Verizon retail location and select from nine Isis Ready handsets, with an expected 11 additional handsets coming to market by year end.
“The launch of the Isis Mobile Wallet in Austin and Salt Lake City represents a milestone for both Isis and the mobile commerce industry,” said Ryan Hughes, chief marketing officer, Isis. “With as many as 20 Isis Ready handsets headed to market by year end, we are experiencing an unprecedented level of support for NFC and consumer choice.”

American Express, Capital One, and Chase are the card issuing partners.

TSYS to Provide Transaction-Specific Marketing Offers

Tsys logo 140px TSYS announced today an agreement with Truaxis, a MasterCard company, to make available transaction- and behavior-specific marketing offers. The new offering integrates cardholder spending patterns and behavior with an innovative platform that delivers personalized rewards, offers, loyalty incentives and other services to the end consumer.
“TSYS has the ability to work with any partner to offer our clients a variety of innovative solutions that add increased value to their cardholders,” said Paul Bridgewater, group executive of Global Product, TSYS. “Using data analysis to introduce relevant offers based on behavior is an incredibly active space for us, and we are excited about the prospects.”

MoneyGram and PayPal Collaborate on Global Cash In, Cash Out

MoneyGram logo 140px MoneyGram announced a new global agreement with PayPal that will provide PayPal’s 117 million active account holders with the option to put cash in and take funds out of their PayPal accounts at MoneyGram locations.
“This agreement is a significant milestone for MoneyGram. It represents a new level of innovation and enhances our growth into new areas of the payments industry,” said Pamela H. Patsley, MoneyGram chairman and CEO. “We believe this agreement furthers our goal of making it easy for people to send and receive money in the ways they want, wherever they are in the world, and significantly increases the possibility of e-commerce to MoneyGram consumers.”

MoneyGram’s network currently includes more than 284,000 locations in 196 countries.

Visa and Chexar Introduce Mobile Remote Deposit Capture for Prepaid Users

Visa logo 60pxh Visa and Chexar Networks announced today the launch of a network platform that will enable Visa prepaid users to deposit paper checks to their reloadable Visa prepaid card using their mobile device, by simply snapping a photo of a paper check.
“Consumers are choosing reloadable prepaid cards at an increasing rate, and for many of the same reasons that consumers embrace other electronic payment options — security, convenience and reliability,” said Hyung Choi, head of U.S. Prepaid, Visa Inc. “Mobile technology and other payment innovations are enabling us to enhance Visa’s prepaid experience and bring all the conveniences of traditional banking options to consumers who choose to use prepaid.”

First Data Launches Rapid Connect for Software Developers and Merchants

First data logo 140x60pxFirst Data has launched First Data Rapid Connect, a new technology layer that enables simplified integration to First Data.
“With Rapid Connect, it is easier than ever before for developers to partner with First Data by integrating multiple payment applications through a single interface,” said Mark Herrington, First Data executive vice president of Global Product Management and Innovation. “The solution’s powerful yet simple interface is designed to expedite development to complement First Data’s global payment reach and emerging technologies to create a truly Universal Commerce experience.”

The Rapid Connect technology layer is the single point of integration to all First Data payment types, industries and platforms. For more information, visit


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