TSYS Outlines Prepaid Strategy as NetSpend CEO Departs
Total System Services (TSYS) is working with well-known brands like Western Union and Brinks to boost adoption of prepaid cards as the CEO of its NetSpend prepaid unit prepares to leave the company.
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Payments provider Shazam Inc. has agreed to make MasterCard's EMV debit application available to participants in the Shazam electronic funds transfer network. more »
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People's United in Bridgeport, Conn., has started a payments firm in partnership with Vantiv in a move that aided the company's quarterly results. more »
Frank Bisignano, CEO and chairman, First Data
First Data's sale of $3.5 billion of its common equity in the private placement market closed on Friday, July 11. more »
Dan Henry (left), NetSpend's outgoing CEO and his successor, Chuck Harris, NetSpend's president.
Dan Henry is leaving his job as chief executive of NetSpend effective July 31, and will be succeeded by Chuck Harris, who is president of the prepaid card company, a unit of the processor TSYS. Henry's exit will be the second departure of a top TSYS executive this month. more »
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American Express’ network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10. more »
Affirm and PayPal founder Max Levchin
Affirm, a consumer finance service in San Francisco, has introduced Split Pay, a program that allows online merchants to offer consumers competitive installment-based payments at the point of sale. more »
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PayPal may not be trying to become a merchant's bank in providing working capital and next-day settlement on fund transfers, but the payments unit of eBay Inc. is trying to make it harder for its merchants to consider another provider. more »
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In Ireland, credit unions are speeding up the launch of their electronic payment alternatives and working with Visa and MasterCard to offer debit cards to compete more aggressively with local banks. more »
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Merchants who have been quick to complain about the cost of accepting card payments at the point of sale haven't always calculated the true cost of accepting cash in comparison, a new Aite Group study says. more »
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Merchants are wary of the proprietary look and feel of the process by which the card networks and issuers are adopting new security standards. more »
Payleven's chip and PIN card reader
The telco is offering Payleven's hardware to enable its small-business customers to comply with an Italian mandate to cut back on cash use. more »
Frank Bisignano, CEO and chairman, First Data
First Data is under pressure on a several fronts. While tasked with easing its debt, the Atlanta-based processor is also responding to the many disruptions brought by mobile technology and other innovations. more »
Philip W. Tomlinson
Philip W. Tomlinson, CEO of Total Systems Services (TSYS), will retire on July 31. He will be succeeded by M. Troy Woods, the company's president and COO. more »

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