Payments

TSYS Names Patricia Watson as CIO

Watson to succeed long-time CIO Ken Tye who announced his retirement earlier this year TSYS announced that Patricia A. Watson, a 17-year veteran of the financial services industry, has been named senior executive vice president and chief information officer (CIO) effective September 14. “Patty is well respected throughout the financial services industry,...

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Authentication & Security

Cybersecurity Solutions Provider AlienVault Raises $52M to Improve Security

AlienVault, the leading provider of unified security management and crowdsourced threat intelligence, announced it has closed a $52 million Series E funding round, which brings the company's total funding raised to nearly $116 million. The investment was led by new investor Institutional Venture Partners (IVP) with strong participation from existing investors, including Trident Capital, Kleiner...

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Payments

TSYS Launches New Suite of Business Intelligence Products

Solution unlocks the power of data for financial institutions TSYS (NYSE: TSS) announced the launch of a new analytics solution that simplifies complex information so that business leaders can immediately use data to grow portfolios. TSYS Analytics IntellisuiteSM is a set of business intelligence products that helps financial institutions identify and execute...

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Payments

FIS Global and Federal Reserve Banks Spokespersons to Deliver Keynote Address at Mobile Payments Conference 2015

The Latest Real-Time Payments Updates and Three-to-Five Year Vision of the Faster Payments Task Force Unveiled Mobile Marketing & Technology announced that Peter Gordon, senior vice president of FIS’ Enterprise Product Office, FIS Global, the World's largest global provider dedicated to banking and payments technologies, and Connie Theien, vice president, payments...

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Authentication & Security

Early Detection Can Reduce 30-40% of Credit Card Fraud Loss: An Interview With Canh Tran, CEO & Co-Founder of Rippleshot

LTP spoke with the CEO and Co-founder of fraud analytics firm, Rippleshot. With the upcoming transition to chip-and-PIN, data breaches and cybersecurity are hot topics. I (Ruth) have the pleasure of speaking with Canh Tran. Thanks for taking the time to speak on this topic. Canh: Thanks, Ruth. Glad to...

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Enabling Technologies

Breaking news – India Issues Highly Awaited Payments Bank Licenses To 11 Players

RBI has granted “in-principle” approval to 11 applicants “Payments bank license”. The following companies have received Payments bank license: Aditya Birla Nuvo (Aditya Birla Financial Services (ABFS) has built a significant presence across its verticals, viz., life insurance, asset management, NBFC, private equity, broking, wealth management and distribution and general insurance...

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Payments

Mobile Commerce Solutions Provider Acquired by PayPal

PayPal, the San Jose, California-based company, announced that it acquired Modest, a Chicago startup that helps merchants create mobile e-commerce applications for their stores. The terms of the deal were not disclosed. Modest’s 20 employees will be part of PayPal’s Braintree business, which manages and processes payments. Modest was founded...

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Enabling Technologies

Importance of the 2nd Largest Remittance Network for the Financially Underserved and its Potential for the Last-Mile in a “Cashless” Society

In the fourth installment of our continuing podcast series, “August of Money – The Quest for Cashless Society”, host Aditya Khurjekar has an in-depth discussion with special guest Sudhir Shetty of UAE Exchange / Travelex and author Mehul Desai, examining the emergence of cross border remittance networks as major artilleries...

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Lending

China’s Internet Behemoth Tencent Launches WeBank Mobile Platform

Tencent has officially launched its WeBank banking app equipped with the Internet company’s cutting-edge facial recognition technology. Currently, an electronic account opened with WeBank allows transactions involving deposits and wealth management products. At the same time, fund transfers between electronic and bank accounts under the same name can be completed;...

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