UK paytech Checkout.com buys French start-up ProcessOut
Checkout.com buys another module in the payments process.
Prepaid
Mastercard announces Michael Miebach as incoming CEO
As well as former CEO Banga, chairman Richard Haythornthwaite set to step down.
TripActions lands $500m credit facility from SVB, Goldman and Comerica
TripActions Liquid will float an employees’ travel spend.
The trade in human beings: How financial institutions and tech can have an impact
Banks in particular can do a lot to curb sex trafficking.
Korean banks have growing concerns over Starbucks prepaid card
Starbucks said its prepaid cards had $1.56 billion in stored value at the end of 2019.
Swych powers WeChat’s Travelex Pay for US shopping
Swych’s blockchain-based gift card technology will power Travelex Pay, offered by Travelex and WeChat.
Smart pay solutions for children: what every parent needs to know
Children are swapping piggy banks for prepaid cards and smart payment services.
MoneeMint to become Europe’s first ethical digital bank
Ummah Finance rebrands as MoneeMint to bring “fresh banking experience” to millennials.
LaSalle Capital gets perfect payments present with National Gift Card acquisition
Chicago-based private equity firm grabs some payments action.
PayTech Awards 2018: and the winners are…
We are proud to announce the winners and highly commended at this year’s PayTech Awards!
Mobile banking app preps for Amaiz-ing UK launch
The website offers a free payment account without expiration date.
Gift Card Impressions acquired by InComm
Prepaid products company InComm buys former competitor Gift Card Impressions (GCI).
Caxton FX pilots direct payments with Token
Token facilitates direct payments for Caxton FX.
Nubi turns to Mambu for core banking tech
Nubi selects Mambu to underpin its digital services in Argentina.
Pocket money embraces the digital age
For the children of today, new payments technology is triggering a revolution in pocket money.
Paysafe to purchase iPayment
You can probably guess it’s to do with payments.
Fintech companies will be a new kind of business in 2018
Fintech companies will find that they are a different kind of business in 2018 than they were in 2017.
Infographics: CPPO study reveals Canadian prepaid market grew 17%
The Canadian Prepaid Providers Organization (CPPO) released its second annual benchmark study, “Canadian Open-Loop Prepaid Market: 2016”, that shows 17% growth of the open-loop prepaid card market in Canada between 2015 and 2016.
Q&A with Bob Raffo, FirstView Financial
Joining FirstView Financial in July 2017 as president and CEO, Bob Raffo has quickly become a proponent of developing the paytech segment, the opportunities it presents to serve larger consumer and B2B bases and accelerate payment processes.
Obsidian and Arroweye reward consumers for shopping local with prepaid cards
Obsidian, a Colorado-based organisation that encourages consumers to shop local in their home community, has selected Arroweye Solutions for its Local First Card programme.
Q&A with Michael Parlotto, InComm
Michael Parlotto, VP, Emerging Technologies, InComm, gives the lowdown to Paybefore on the evolution of prepaid and what the future might hold for the industry.
Univision Mastercard Prepaid Card Hits Walmart Shelves
Univision Mastercard Prepaid Card is now available in approximately 300 Walmart stores in California, Texas and Florida. The move is part of the brand’s continued expansion into retail spaces in prominently Hispanic regions.
InComm expands transit business
InComm, a prepaid and payments technology company, continues to expand its tolling and transit payments business nationwide with the launch of the RiverLink Starter Kit.
Bento for Business Names Jeff Pomeroy VP of Product
Blackhawk Network veteran Jeff Pomeroy has joined the Pay Award-winning Bento for Business, a provider of employee expense management solutions for small businesses, as vice president of product.
Executive profile: Solana Cozzo, Mastercard
It’s a good thing Solana (“Sol”) Cozzo is high energy. When she’s not literally running or chasing after 3-year-old twins, she’s running Mastercard’s North American prepaid and inclusive growth business. It’s hard work when you consider that “the cardable opportunity is about seven times the current market,” she says.
Raise Pulls in $60 Million in Funding, PayPal Joins Party
Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners.
Mercator: Consumer Prepaid Sales Drop in U.S.
U.S. consumers aren’t buying as many prepaid cards, according to a new consumer survey from Mercator Advisory Group. The data show 56 percent of U.S. adults bought prepaid cards in the year preceding the June survey, down from 63 percent in 2016.
FirstView Financial Names Bob Raffo New CEO
Bob Raffo Jr. has joined the Pay Award-winning prepaid program manager and processor FirstView Financial as president and CEO.
Winners’ Showcase: 2017 Pay Magazine – Awards Issue Is Here
The wait is over. The 2017 Pay Magazine – Awards Issue is here. In this special issue, you’ll find out more about the programs, companies and two individuals that walked away with top honors from this year’s competition.
Blackhawk Network Acquires CashStar for $175 Million
Blackhawk Network Inc. keeps getting bigger. The Pleasanton, Calif.-based global technology company, has acquired digital gifting specialist CashStar Inc. for approximately $175 million in cash.
PSCU opens Midwestern Service Center in Omaha
PSCU, a credit union service organisation that supports more than 850 owner credit unions, opened its Midwestern Service Center in Omaha, Nebraska.
PIF Welcomes GPS
The Prepaid International Forum has added another member to its roster. Global Processing Services, whose managing director Suresh Vaghjiani is an Industry Achievement Award recipient in the 2017 Pay Awards, has joined the nonprofit trade group.
Green Dot reports net income jump in Q2, touts fintech deals, acquires secured credit portfolio
Green Dot Corp. reported strong numbers for the quarter ended June 30, 2017, including a 140 percent increase in GAAP net income to $19.3 million, up from $8.0 million over Q2 2016.
Sharing Funds across Families, Groups and Small Business with Prepaid and Mobile
Prepaid is having a renaissance thanks to real-time mobile and web account access that’s enabling a number of disruptors to offer prepaid solutions for a new set of customers.
Prepaid Veteran Jeff Lewis Joins Sutton Bank
As part of its overall payments expansion strategy, Sutton Bank has named prepaid veteran Jeff Lewis senior vice president, prepaid services.
paysafecard Enters UAE to Enable Online Payments with Cash
Prepaid pioneer paysafecard, part of Paysafe Group plc, announced its entrance into the United Arab Emirates. With its flagship prepaid solution, paysafecard will enable consumers to pay cash at vending machines and in retail stores for a prepaid PIN they can use to shop online.
M&A Update: IDT’s New Owner; ScanSource Buys POS Portal
Two recent deals further demonstrate the fertile M&A field in the payments space worldwide. London-based JAR Capital Limited has announced plans to acquire Gibraltar-based e-money issuer IDT Financial Services. Meanwhile, technology provider ScanSource Inc. has agreed to buy POS Portal, a Sacramento-based payment terminal and P2PE encryption technology provider that focuses largely on the SMB market.
Are Plastic Cards Headed for Extinction?
Probably not. Even so, the case for virtual prepaid accounts is growing stronger. A journey through the landscape—including a stop at a recent Apple conference—shows why.
2017 Pay Awards Results Are In
Today, June 14, Paybefore reveals the Best-in-Category winners in 21 categories and the two recipients of its highest individual recognition, Industry Achievement, for the 2017 Pay Awards.
Q&A with Andrew Buckley, Mastercard
When the self-described skeptic took over as global head of prepaid for Mastercard earlier this year, Andrew Buckley wasn’t quite convinced that the opportunities ahead were worthy of all the hype. Five months later and he’s among the converted, preaching the gospel of democratization—not just of payments but of innovation.
