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2Checkout appoints Shawn Budde as CEO

Global online payments provider 2Checkout announced on Wednesday the appointment of Shawn Budde as the company’s CEO after a months-long search for potential candidates. Buddge, who has more than 25 years of experience in finance, has held executive roles at Citibank and Capital One. He also has experience in data analytics, and he is the... Read More...

CFPB appoints Bostic, Stephens to academic research council

The CFPB announced earlier this week that it has appointed two new members—Ralph Bostic and Melvin Stephens—to its academic research council, which was established to guide the agency in matters of research and strategic planning. Bostic serves as the chairman of governance and public enterprise at the Sol Price School of Public Policy at... Read More...

Card-linked marketing programs not well-understood despite benefits

Card-linked marketing has emerged in recent years as a way for companies to target current customers and attract new customers, but a recent survey revealed the practice is not well-understood or widely used in the financial services industry. According to the survey, released by Bank of America and The CMO Club, 90 percent of companies who... Read More...

Barclays names Felder, McGrath, Taylor to investment bank

Barclays announced last week that it has named Eric Felder, Joe McGrath and Richard Taylor to its investment bank, where they will report to Eric Bommensath and Tom King, the co-CEOs of corporate and investment banking. “Eric, Joe and Richard are recognized leaders with extensive investment banking knowledge,” Bommensath and King said.... Read More...

Verizon report shows most data security breaches “easily preventable”

Verizon recently released a report that showed a majority of data security breaches that occurred last year were accomplished using weak or stolen credentials, a risk the company said is “easily preventable.” “If you want to see how widely available hacking tools have become, do a web search for ‘password cracker,’” the report,... Read More...

Payments professionals predict payments technology to lead in 2014

Payments professionals recently surveyed at the Electronic Transactions Association’s TRANSACT 14 conference said new payments technology will gain the most momentum this year, ahead of product integration, consolidation and stronger partnerships. The survey, conducted by CAN Capital, found that 42 percent of payments professionals expect new... Read More...

CFPB report reveals issues that may default student loan borrowers

The CFPB released a report on Tuesday that revealed having a co-signer on a student loan may inadvertently allow a student loan servicer to put the borrower into default, even if payments have been made on time. According to the report, approximately 90 percent of private student loans had co-signers in 2011—a practice that may allow... Read More...

Ingenico strengthens presence in Africa with new branch in Morocco

Payment solutions provider Ingenico announced on Tuesday that the opening of a new branch in Casblanca, Morocco, is part of the company’s plan to expand its reach and strengthen its foothold in Africa. “If Ingenico has been delivering innovative payment solutions to African customers for several years already, this new office will allow us... Read More...

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