Upcoming Conferences
7th Annual Mobile Banking and Commerce Summit
June 3-5, 2013
InterContinental Miami, Miami, FL
8th Annual Underbanked Financial Services Forum
June 5-7, 2013
InterContinental Miami
Miami, FL
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Citi Seeks Court Ruling on American Airlines Credit Card Contract
PaymentsSource | May 24, 2013Unresolved issues surrounding American Airlines’ contract with Citibank, which issues its co-branded frequent flier credit card, threaten to derail the bankrupt airline’s efforts to reorganize and merge with US Airways, according to court documents Citi filed on May 24.
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Intel-Backed IP Commerce Shuts Payment Service Used by Groupon
PaymentsSource | May 24, 2013IP Commerce Inc., a startup backed by Venrock Inc. and Intel Corp.'s venture-capital arm, is shutting its key business, which handles credit-card processing for companies including Groupon Inc., citing competition.
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Phillips 66 Adds Thousands of Gas Stations to MCX Mobile Pay Fold
PaymentsSource | May 24, 2013Phillips 66 has joined the retailer-driven Merchant Customer Exchange mobile payments and commerce initiative, the Houston-based gas station chain announced May 23. Phillips 66 also operates Conoco stations. The company joins MCX only two weeks after the mobile payment venture added another petroleum provider, Pacific Convenience & Fuels LLC.
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Charge Anywhere to Link Smartphones to EMV Mobile Card Readers
PaymentsSource | May 24, 2013Charge Anywhere LLC will have gateway software available when small U.S. merchants need to accept EMV-chip card payments with their smartphones.
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Virtual Piggy Partners With Education Software Maker JumpStart
PaymentsSource | May 24, 2013Youth payments company Virtual Piggy is adding elements of gaming to its product mix via a partnership with JumpStart.
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Blaze Mobile Pushes Flexibility with Multi-Wallet NFC Sticker
PaymentsSource | May 24, 2013Blaze Mobile is developing a new Near Field Communication mobile phone attachment that attempts to build a more open mobile wallet by allowing consumers to choose from a series of payment accounts.
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SEPA Continues to Challenge European Acquirers
PaymentsSource | May 24, 2013The most challenging and frustrating aspect of the Single Euro Payments Area project, according to a major German acquirer, is its goal of establishing common payment standards throughout Europe.
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ZooZ's New Payments Engine Aims to Make Mobile Ads Click
PaymentsSource | May 24, 2013ZooZ is one several companies building new technology that attempts to improve the integration between marketing and mobile payments.
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Target, Macy’s Sue MasterCard, Visa Over Card Swipe Fees
PaymentsSource | May 23, 2013Target Corp., Macy’s Inc. and other companies sued Visa Inc. and MasterCard Inc. over credit-card and debit-card fees after retailers objected to a multibillion-dollar settlement of a similar suit.
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New Visa President Looks Forward to Working with Banks, New Products
PaymentsSource | May 23, 2013Visa's hiring of former JPMorgan Chase executive Ryan McInerney to be its new president maintains the card network's bond with the top-tier bank.
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Square Expands to Japan as Its Staff Shrinks by Two
PaymentsSource | May 23, 2013Square announced expansion into Japan with updated Register features today, after seeing two executives, Alyssa Cutright and Alex Petrov, leave the mobile payments company.
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AnywhereCommerce Mobile Reader Agnostic to EMV and Mag-Stripe
PaymentsSource | May 23, 2013AnywhereCommerce is introducing a card reader about the size of a Zippo lighter that plugs into the audio jacks of mobile devices to accept both magnetic-stripe and chip-and-signature EMV payment cards.
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Chase Paymentech Europe Takes Aim at Security Compliance Burden
PaymentsSource | May 23, 2013Chase Paymentech Europe, a merchant acquiring and processing subsidiary of JPMorgan Chase, has introduced a new service designed to lighten the security burden for European online merchants.
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JPMorgan Names Sommers for Consumer Bank as McInerney Joins Visa
PaymentsSource | May 23, 2013JPMorgan Chase & Co., the largest U.S. lender, named Barry Sommers chief executive officer of its consumer bank, replacing Ryan McInerney, who's leaving to become president of Visa Inc.
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Visa Names JPM's Ryan McInerney President, Gives Other Execs New Roles
PaymentsSource | May 23, 2013Visa has hired Ryan McInerney to be its president. McInerney, previously the chief executive of JPMorgan Chase's consumer bank, fills a position left vacant since John Partridge retired in March. Visa also appointed Elizabeth Buse and Bill Sheedy to new roles.
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