Friday , July 3, 2020

Mangum Leaving Global Payments and other Digital Transactions News briefs from 8/31/18

  • Processor Global Payments Inc. announced its president and chief operating officer, David Mangum, plans to leave. No details were immediately available about why or when Mangum will depart. Chief executive Jeff Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August 2021 and will take on Mangum’s chief responsibilities.
  • In related news, Linga POS, which supplies cloud-based management systems for the hospitality industry, has integrated with Global Payments for transaction processing.
  • Citing “four people with knowledge of the deal, three of whom worked on it directly,” Bloomberg reports that Alphabet Inc.’s Google unit has been buying card-transaction data from Mastercard Inc. to link online ad clicks to later in-store purchases. Both Google and Mastercard refused to comment on the arrangement, according to the report, though a Mastercard spokesman told Bloomberg the card company releases transaction data to merchants and their service providers with the source merchant’s permission and without sharing data on individuals or other personal data.
  • PayVida Solutions Inc., a processor and card issuer, said it is the exclusive partner and preferred vendor for British Columbia’s Alliance of Beverage Licensees, which has more than 1,000 members from the private liquor industry.
  • Bluefin Payment Systems announced that SoftPoint, a point-of-sale system developer, is using Bluefin’s point-to-point encryption service.
  • Payments provider SignaPay Ltd. launched three new services for merchants, including supplier discounts, access to credit, and automated clearing house support for electronic check acceptance.
  • MoneyGram International announced users of its remittance service can send cash to more than 10 million GCash mobile wallets in the Philippines. GCash is a micropayments service operated by Mynt, a collaboration of Globe Telecom, the Ayala Corp., and Ant Financial, which in January paid a $30-million termination fee to MoneyGram after calling off its planned acquisition of the money-transfer company.
  • Giact Systems, a provider of authentication technology, appointed Kimber Johnson executive vice president for strategic relationships. Johnson comes to the company from Early Warning Services.

Check Also

European Banks Plan Payment Network and other Digital Transactions News briefs from 7/2/20

A group of 16 European banks said they plan to launch a “truly European” unified payments system …

Do NOT follow this link or you will be banned from the site!