PaymentsSource

Debit

• Open-Loop Prepaid Market Growing, But Challenges Remain

  PaymentsSource | March 11

  While the total funds loaded into U.S. open-loop prepaid debit card accounts could reach $186 billion in 2014, uncertainty over future government regulations that may affect the industry could hamper sustained market growth, according to a report from Aite Group LLC.

• Executive Changes At First Data As Processor Posts Q4 And 2009 Losses

  PaymentsSource | March 11

  Michael Capellas, chairman and CEO of First Data Corp., is leaving the Atlanta-based payment processor to work as a senior advisor at Kohlberg Kravis Roberts & Co., the investment group that bought the transaction processor in 2007.

• Visa Execs: Mobile Payments And Global Markets To Drive Future Growth

  PaymentsSource | March 11

  Visa Inc. is looking outside the U.S. for growth and hopes to derive more than half of its revenues from international markets within the next five years, executives from the card company today told investors gathered in San Francisco for its annual Investor Day presentation. [FREE]

• Tio Networks Launches Mobile Bill-Payment Service

  PaymentsSource | March 11

  Tio Networks, which today announced the planned launch of a mobile bill-payment platform, estimates it will generate 20% of its revenue from the service by 2011, according to the Burnaby, British Columbia-based expedited bill-payment processor. [FREE]

• Target Offering Coupons Via Phone

  American Banker | March 11

  Target Corp. has begun delivering coupons to customers' mobile phones. [FREE]

• Nautilus Hyosung Names Jung New President And CEO

  PaymentsSource | March 11

  Nautilus Hyosung Inc. has named Charles Jung Sr., a former IBM Corp. executive, as president and CEO of Nautilus Hyosung America Inc., the ATM maker’s U.S.-based subsidiary.