Payment card

Kristin Lesher Named Head of Middle Market Banking for Wells Fargo

Friday, October 22, 2021 - 5:28pm

Wells Fargo & Company (NYSE: WFC) today announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that 21-year company veteran Kristin Lesher will lead Middle Market Banking, effective immediately.
  • View the full release here: https://www.businesswire.com/news/home/20211022005430/en/
    Kristin Lesher, Head of Wells Fargo Middle Market Banking (Photo: Wells Fargo)
    An industry leader in serving middle market companies, Wells Fargo provides financial solutions and specialized expertise across industries including agribusiness, food and hospitality, healthcare, investor real estate, government banking and technology.
  • Middle Market Banking is a key business and critical growth engine for Commercial Banking, said Hranicky.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Africa & Middle East Prepaid Cards Market Report 2021-2025 - FinTech Platforms Launching Innovative Prepaid Card Solutions

Friday, October 22, 2021 - 4:45pm

Over the last few quarters, prepaid cards have emerged as a valuable alternative to cash for consumers in Africa and the Middle East region.

Key Points: 
  • Over the last few quarters, prepaid cards have emerged as a valuable alternative to cash for consumers in Africa and the Middle East region.
  • Global prepaid card processing platforms expanding operations in the region:
    As more and more consumers shifting towards prepaid cards and digital payment solutions in the region, global prepaid card processing platforms are expanding their services and investing in this region.
  • FinTech platforms launching innovative prepaid card solutions in Africa and the Middle East region:
    Across the Middle East countries, FinTech startups are innovating with their product offerings and are launching innovative prepaid card solutions for consumers in their respective regions.
  • The first of its kind and innovative prepaid card solution does not include any banking information on the plastic card.

Africa & Middle East Prepaid Cards Market Report 2021: Global Prepaid Card Processing Platforms Expanding Operations in the Region - ResearchAndMarkets.com

Friday, October 22, 2021 - 1:39pm

Over the last few quarters, prepaid cards have emerged as a valuable alternative to cash for consumers in Africa and the Middle East region.

Key Points: 
  • Over the last few quarters, prepaid cards have emerged as a valuable alternative to cash for consumers in Africa and the Middle East region.
  • Global prepaid card processing platforms expanding operations in the region:
    As more and more consumers shifting towards prepaid cards and digital payment solutions in the region, global prepaid card processing platforms are expanding their services and investing in this region.
  • Similarly, CoreCard, the US-based card processing platform, also announced its expansion in Africa and the Middle East region in October 2020.
  • FinTech platforms launching innovative prepaid card solutions in Africa and the Middle East region:
    Across the Middle East countries, FinTech startups are innovating with their product offerings and are launching innovative prepaid card solutions for consumers in their respective regions.

Cellfie Launches SoftPOS Payments for Korean Merchants

Friday, October 22, 2021 - 12:00pm

Cellfie teamed up with Hana Card to launch SoftPOS, a technology which turns off-the-shelf Android smartphones into a POS device allowing merchants to accept contactless Visa or Mastercard payments without additional hardware.

Key Points: 
  • Cellfie teamed up with Hana Card to launch SoftPOS, a technology which turns off-the-shelf Android smartphones into a POS device allowing merchants to accept contactless Visa or Mastercard payments without additional hardware.
  • Cellfie allows merchants to accept contactless payments using NFC enabled credit or debit cards, or mobile wallets such as Samsung Pay.
  • With Cellfie, Android phones only require a WIFI connection or mobile data to process electronic payments.
  • One major benefit of Cellfie SoftPOS is the ease of upgrades, which is very limited, or not even possible with any other dedicated hardware payments terminal.

American Express Reports Third-Quarter Revenue of $10.9 Billion and Earnings Per Share Of $2.27

Friday, October 22, 2021 - 12:00pm

Third-quarter consolidated total revenues net of interest expense were $10.9 billion, up 25 percent from $8.8 billion a year ago.

Key Points: 
  • Third-quarter consolidated total revenues net of interest expense were $10.9 billion, up 25 percent from $8.8 billion a year ago.
  • Consolidated expenses were $8.7 billion, up 29 percent from $6.7 billion a year ago, reflecting higher customer engagement costs.
  • Global Consumer Services Group reported third-quarter pretax income of $1.5 billion, compared with $1.1 billion a year ago.
  • Total revenues net of interest expense were $6.4 billion, up 21 percent from $5.3 billion a year ago.

Financial Industry and Payments Veteran Executive Robert Keil Joins Sutton Bank

Thursday, October 21, 2021 - 9:35pm

Sutton Bank announced today that Robert C. Keil has joined the Bank and Sutton Payments as SVP, Chief Payments Officer.

Key Points: 
  • Sutton Bank announced today that Robert C. Keil has joined the Bank and Sutton Payments as SVP, Chief Payments Officer.
  • Robert will provide strategy, direction and growth initiatives to Sutton Banks existing Payments business lines as the Bank continues to expand its products and services to the market.
  • Robert is a proven leader in the Payments and Financial Services industry with over 20 years of management experience.
  • He brings a wealth of experience, contacts and knowledge to Sutton Bank, as we continue to grow and expand in the Fintech payments space, and will provide leadership to Sutton in all aspects of our Prepaid and Payments organization.

TCL Mobile Brings its First 5G Tablet in North America Exclusively to Verizon

Thursday, October 21, 2021 - 2:00pm

IRVINE, Calif., Oct. 21, 2021 /PRNewswire/ -- TCL , one of the world's leading technology companies and best-selling consumer electronics brands, continues to bring affordable 5G solutions to all with the introduction of the TCL TAB Pro 5G, TCL's first 5G tablet in North America.

Key Points: 
  • IRVINE, Calif., Oct. 21, 2021 /PRNewswire/ -- TCL , one of the world's leading technology companies and best-selling consumer electronics brands, continues to bring affordable 5G solutions to all with the introduction of the TCL TAB Pro 5G, TCL's first 5G tablet in North America.
  • "We are proud to continue expanding and strengthening our partnership with Verizon by adding TCL's very first 5G tablet to our product portfolio," said Eric Anderson, Senior Vice President and General Manager of TCL Communication in North America.
  • An entertainment experience like no other, the TCL TAB Pro 5G pulls you in with its expansive 10.36" FHD+ display powered by TCL's innovative NXTVISION technology.
  • The TCL TAB Pro 5G is now available exclusively at Verizon for $399.99.

uCloudlink's GlocalMe® Introduces Mini Turbo, a Compact HyperConn™-Enabled Wi-Fi Device Offering Borderless Mobile Internet Connection

Thursday, October 21, 2021 - 2:00pm

As this mobile lifestyle is here to stay, speedy, reliable and secure access to the Internet unbounded by location and time is more important than ever.

Key Points: 
  • As this mobile lifestyle is here to stay, speedy, reliable and secure access to the Internet unbounded by location and time is more important than ever.
  • "We're thrilled to bring uCloudlink's industry-leading mobile Internet solutions to our customers with Mini Turbo.
  • Customers in the US can purchase the product on GlocalMe official website and GlocalMe Amazon store ,other sales channel can be found here .
  • The Company's products and services deliver unique value propositions to mobile data users, handset and smart-hardware companies, mobile virtual network operators (MVNOs) and mobile network operators (MNOs).

Nigeria Prepaid Cards Market Report 2021: Business and Investment Opportunities, Market Size and Forecasts, Consumer Attitude & Behaviour, Retail Spend, Market Risk 2016-2025 - ResearchAndMarkets.com

Thursday, October 21, 2021 - 2:00pm

The "Nigeria Prepaid Cards Business and Investment Opportunities - Market Size and Forecast (2016-2025), Consumer Attitude & Behaviour, Retail Spend, Market Risk" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Nigeria Prepaid Cards Business and Investment Opportunities - Market Size and Forecast (2016-2025), Consumer Attitude & Behaviour, Retail Spend, Market Risk" report has been added to ResearchAndMarkets.com's offering.
  • The prepaid card market expected to grow over the forecast period, recording a CAGR of 19.4% during 2021-2025.
  • The prepaid card market in Nigeria will increase from US$ 8,621.8 million in 2020 to reach US$ 17,501.3 million by 2025.
  • In-depth understanding of prepaid card market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid cards in Nigeria.

France Prepaid Cards Report 2021: Investment Opportunities, Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend, Market Risk 2016-2025 - ResearchAndMarkets.com

Thursday, October 21, 2021 - 1:53pm

According to the Q2 2021 Global Prepaid Card Survey, prepaid card market in the France is expected to grow by 8.7% on annual basis to reach US$ 36,093.8 million in 2021.

Key Points: 
  • According to the Q2 2021 Global Prepaid Card Survey, prepaid card market in the France is expected to grow by 8.7% on annual basis to reach US$ 36,093.8 million in 2021.
  • The prepaid card market in France will increase from US$ 33,208.6 million in 2020 to reach US$ 44,182.4 million by 2025.
  • In-depth understanding of prepaid card market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid cards in France.
  • Develop market specific strategies: Identify growth segments and target specific opportunities to formulate your prepaid cards strategy; assess market specific key trends, drivers and risks in prepaid cards industry.