MasterCard, Wash. Firm to Offer Pay System
PURCHASE, N.Y. - MasterCard Corporate Payment Solutions, a MasterCard International division that helps banks provide corporate payment programs, has signed an agreement with Captura, a software company in Bothell, Wash., to offer Web-based corporate credit card payment and expense management systems to banks and their multinational customers.MasterCard and Captura say they will deliver Web-based corporate payment tools - including one-card systems for managing fleet, purchasing, and travel expenses - to MasterCard member banks. Among the products being offered is Captura Expense, an expense management program that helps large companies track what their employees are charging on their corporate cards.
"Captura e-finance solutions allow our member financial institutions to more fully automate expense processing," said Steve Abrams, senior vice president of MasterCard's Corporate Payment Solutions division.
Web Payment Firm Signs Former Visa Exec
LOS GATOS, Calif. - Stevan Berardo, a former executive at Visa U.S.A. and its affiliated merchant processing company, Vital Processing Services, has been named president of North American operations at QSI Payments Inc., which sells Internet-based payment systems to financial institutions.Mr. Berardo was most recently a principal with Carmody & Bloom Inc., a management consulting firm in Ridgewood, N.J. Before that he was executive vice president of marketing and sales at Vital. QSI Payments, which devises on-line payment systems, says it has focused until now on selling systems in Asia, Australia, and the United Kingdom, but now wants to expand its presence in the United States. "There are very few executives in America who know the payments industry as well as Stevan and possess the energy and leadership he brings to our rapidly growing organization," said John Richards, chief executive officer of QSI Payments.
Mass. Bank Joins NYCE's No-Fee ATM Alliance
MEDFORD, Mass. - Century Bank has joined the SUM program, a fast-growing alliance of financial institutions that agree not to surcharge at each other's automated teller machines.Century has 14 ATMs and 16 branches in the Boston area. The SUM program, managed by Woodcliff, N.J.-based NYCE Corp., has 283 participating financial institutions with more than 1,900 ATMs. It is available to NYCE participants in 15 states and Puerto Rico.
Borders Picks 1st Data Unit for Card Processing
OMAHA, Neb. - First Data Resources, the credit card processing subsidiary of First Data Corp., has been chosen to process a private-label purchasing card for Borders Inc. The card, now available to business customers of the book and music chain, automates a manual charge and billing operation that Borders uses at its 290 stores.First Data Resouces, an Omaha-based subsidiary of First Data Corp., provides commercial card processing services for more than 65 commercial card issuers.
Pulse Network Offers Processing by First Tenn.
HOUSTON - Pulse EFT Association is offering merchant processing services to its member banks through a new alliance with First Tennessee Merchant Services Inc. of Englewood, Co.The Houston-based automated teller machine network says its members can share in the profits with no risk and no operational expenses. Processing fees are competitive, Pulse said.
Most Pulse members are smaller banks that may not provide merchant processing or may want to be rid of the liability of doing it themselves, Pulse said. First Tennessee is promoting the Pulse Pay debit service to its customers.