President Barack Obama has taken heat over his use of executive orders, but that wasn’t the case on Friday when retail trade groups lined up behind the president in support of wide ranging data security measures.
First Data Corporation has bolstered its senior leadership team as part of its ongoing transformation from a payments processor to a collaborative technology company and solutions provider for merchants and financial institutions around the world.
Walmart already offers a prepaid debit card, credit card, check cashing and money transfers, but it’s expanding its financial services to include an exclusive checking account called GoBank, with Green Dot Corp., a prepaid-cards specialist.
Walmart is sponsoring the translation of an industry leading food fraud prevention course into Mandarin as part of a larger effort designed to position the retailer as a leader in product quality, authenticity and safety.
Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.
Verifi, a leading provider of global electronic payment and risk management solutions for card-not-present merchants, and ReD (Retail Decisions), a leading global fraud prevention services company, have agreed to jointly develop new products and solutions to benefit CNP (card-not-present) merchants.