PaymentsSource

Processing

• 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.

• 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]

• Martin Eagle Signs On As Heartland’s First SmartLink Client

  ISO & Agent Weekly | March 11

  Heartland Payments Systems Inc. has signed Martin Eagle Oil Co. Inc. as the first customer for the processor’s SmartLink consolidated-network technology, Princeton, N.J.-based Heartland announced this week. [FREE]

• Nxgen Expanding Operations Into Europe

  ISO & Agent Weekly | March 11

  Nxgen International is opening operations in the United Kingdom and Italy as part of a European expansion strategy the Whitefish, Mont.-based merchant-service provider announced last week. Diversifying geographically can help Nxgen grow and differentiate itself further, says Giuseppe Caltabiano, Nxgen president. [FREE]

• Mobile Terminal Piques Merchant Interest, ISO Says

  ISO & Agent Weekly | March 11

  As one of the first resellers of VeriFone Holdings Inc.’s PayWare Mobile service, Merchant 360 Inc. says some mobile merchants like that the service includes a card reader that enables them to get card-present transaction rates. [FREE]

• India Citibank-MasterCard NFC Pilot Yields A Few Clues On Mobile Coupons

  PaymentsSource | March 11

  One of the world’s largest trials of Near Field Communication payments, which Citigroup Inc. and MasterCard Worldwide launched last year in India, provided a glimpse into the challenges of incorporating merchant-sponsored product discounts and coupons within mobile payments. [FREE]