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Citibank and AMEX announce card issuing alliance in Asia

31 May 13 - PaymentEye - Partnership DealsNew Products
American Express and Citibank have announced a strategic partnership in which Citi will issue cards which will be accepted by the American Express global merchant network. The joint initiative is an attempt to offer more rewards to customers. Anil ...

Alibaba nets USD8bn loan

07 May 13 - PaymentEye - Partnership Deals
According to the Wall Street Journal, the Chinese eCommerce giant Alibaba Group Holdings has obtained an USD8bn loan from nine banks. The loan is for the purpose of refinancing existing debts as well as raising additional funds.  Moreover, the nine ...

First Data names new CEO

29 Apr 13 - PaymentEye - New Products
The Board of Directors of First Data Corporation has announced the Frank Bisignano has been named chief executive officer (CEO), effective April 29, 2013. He will also join the First Data board of directors concurrent with his appointment. “Frank has ...

Blackhawk completes USD230m IPO

22 Apr 13 - PaymentEye - M&A DealsNew Products
The gifts card provider Blackhawk has raised USD230m and finished with share above the market range after completing its Initial Public Offering, according to Bloomberg. The prepaid and financial payments company’s shares rose by 13% to reach ...

Capital One to sell Best Buy card portfolio to Citigroup

19 Feb 13 - PaymentEye - M&A Deals
Capital One Financial Corp has agreed to sell to Citigroup Inc its USD7bn portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co inc. The company which is among the largest credit card issuers in the ...

Parkmobile secures USD6.3m financing to fund growth in global market

15 Feb 13 - PaymentEye - VC Deals
Parkmobile, global provider of mobile payment solutions to municipalities and parking providers, has announced that it has closed an USD6.3m financing led by its current investors BCD Holdings, Parkmobile Group, Fontinalis Partners and Bluefield ...

Citibank India launches integrated mobile payment solution

23 Jan 13 - PaymentEye - Partnership DealsNew ProductsNew Technology
Citibank has partnered with mPoS payments startup Ezetap to offer a mobile payment solution turning phones into card acceptance and payment devices. Citi says it will enable customers to purchase good and service or pay mobile bills. The PCI – compliant ...

Zipmark announces speedy online mobile payment

17 Jan 13 - PaymentEye - New ProductsNew Technology
Mobile and online payments firm Zipmark has announced the national availability of its digital check payment platform, the first online and mobile payment system designed to deposit funds into a business's operating account on the morning of the next ...

e-Global goes live with payment platform from Alaric

31 Oct 12 - PaymentEye - New Products
Servicios Electronicos Globales, e-Global, a Mexican electronic payment processor, has gone live with the Authentic Open Development Payment platform from Alaric International and Stratus Technologies Mexico (view press release). E-Global provides ...

SAP expands its SAP Financial Services Network team

29 Oct 12 - PaymentEye - Partnership Deals
SAP has expanded its team for its SAP Financial Services Network (view press release). Bank of America Merrill Lynch, the Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, Nordea and Standard Chartered join Citi and RBS as co-innovators for a cloud-based ...

Citigroup is a global financial services company, founded in 1812. The company is organised into three major business areas: Global Consumer, Corporate and Investment Banking, and Global Asset Management. The current CEO is Mr Vikram Pandit. Citi has recently introduced a mobile rewards app where consumers can redeem ThankYou Points at Best Buy stores from their iPhone, iPod touch or Android device. Members can download the free app from the App Store or Android Market. The Citi MasterCard is the first credit card to work with Google's new app, Google Wallet.

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