Digital Transactions Authoritative, insightful and timely information for payments professionals
- JPMorgan Chase & Co. late on Friday said it had resolved an issue that was generating duplicate online transactions and fees on customers’ checking accounts. The bank said it was issuing refunds or reversing transactions. At least some of the transactions had been generated through the Zelle peer-to-peer payments platform, though Zelle operator Early Warning Services LLC said the issue was not with its network.
- Payments provider Dwolla Inc. named Lawrence Herman chief financial officer. Herman comes to the company from a CFO position at Accrete, a company specializing in machine learning, and previously worked at Mastercard Inc. and American Express Co.
- Global real-time payments platform Nium has appointed former Payoneer executive Manuel Sandhofer senior vice president and general manager for Europe, a region that accounts for 40% of the company’s revenue.
- Discover Financial Services said it has appointed Daniela O’Leary-Gill to its board of directors. O’Leary-Gill formerly was chief operating officer at BMO U.S. for the BMO Financial Group. The card company also said Mary K. Bush resigned from the board effective June 2.
- Scott Scheirman, president and chief executive of payment card manufacturer CPI Card Group Inc., told the company’s board of directors he intends to retire by Feb. 28 next year, triggering a search for a successor. A former executive with First Data Corp. and Western Union, Scheirman, 60, joined CPI Card Group’s board in October 2016 and became president and CEO a year later.
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