U.K.-based mobile money solutions provider Monitise released a trading update on July 23 that indicated it will post year-end revenue of at least £70 million pounds, or $107 million, for fiscal year 2013. This is up from the £36 million it reported for fiscal year...
Maryland-based fee-free ATM network provider Allpoint Network announced a new partnership with Discover on July 22, a press release for the company said. Discover card users can now gain free access to cash at Allpoint’s network of 43,000 ATMs. “In the direct banking environment, account...
Welcome to PYMNTS.com’s Midyear Review: a look into what the leaders of the payments industry have seen and accomplished this calendar year, and how they see trends playing out for the rest of 2013. We ask a top executive from each payments player the same...
“Discover is building a global payments business, and as such, you need to have acceptance.” According to Gerry Wagner, vice president of global acceptance at Discover, such is the simple yet practical logic behind his company’s deal with Barclaycard: a pairing that made headlines around...
TSYS signed a multi-year payments contract with KBC Bank in Ireland to roll out the bank’s debit card portfolio for Irish customers. The debit portfolio will operate on TSYS’ TS2 platform, and TSYS Managed Service EMEA will be in charge of offering customer service support...
On July 1, TSYS completed its acquisition of NetSpend Holdings Inc. The move brought a fourth operating segment into the fold for TSYS, and introduced the payments giant to NetSpend’s 68 million underbanked consumers in the U.S. Yet according to Troy Woods, president and COO...
Monitise and Telefonica have agreed to a new partnership to develop a global platform for facilitating mobile payments, reported Finextra. Monitise will create the platform for Telefonica Digital’s mobile commerce services. The partnership will begin with a concentrate on services for the UK. “Successful mobile...
June 19, 2013 Non-profit industry association NFC Forum has signed up Verizon and Discover as principal members, NFC World reports. The agreements with these major companies coincided with the addition of new associate members, non-profit members and implementer members, bringing the total number of organizations...
The MPOS revolution is changing the way businesses across many verticals operate. But perhaps no merchant base is better suited to benefit from this shift than the quick service restaurant (QSR) industry. Described by Food Service Warehouse as restaurants known for “fast, efficient take-out-ready foods...
