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Companies on the Move


PIF Welcomes GPS

The Prepaid International Forum has added another member to its roster. Global Processing Services, whose managing director Suresh Vaghjiani is an Industry Achievement Award recipient in the 2017 Pay Awards, has joined the nonprofit trade group.


eMerchantPay Gets E-Money License, Joins PIF

Global payments service provider eMerchantPay has received authorization from the Financial Conduct Authority as an e-money institution, which means it can issue products including payouts, e-wallets and prepaid cards, and has joined the Prepaid International Forum.


TransferMate Adds New Hires amid U.S. Regulatory OK

TransferMate, a global B2B payments platform, announced the expansion of its senior management team following its achievement of full U.S. regulatory approval. 


CardLinx Adds Members, Launches Retail AI Forum

The CardLinx Association announced four new members—Capital One, JCB, Yahoo! Japan and Dentsu—as well as the launch of a “groundbreaking forum” on Retail in the Age of Artificial Intelligence (AI) on Sept. 12, 2017, in Chicago.


The Bancorp Strengthens Operations, Risk Management with New Leadership Team

The Bancorp Inc. has created a new senior-level team, it says, will strengthen its operations and risk management functions by developing a more productive and efficient operating environment.


Visa Expands with Data Centers in Singapore, U.K.

Visa Inc. is expanding its transaction-processing capabilities with two data centers in Singapore and the U.K. to “increase the speed, resilience and geo-diversity of Visa’s infrastructure, while strengthening the company’s ability to deliver new and more sophisticated ways to pay in today’s hyper-connected global economy.”


Karmic Secures $17.2 Million in Series B Financing, Adds Board Members

Pay Award-winning Karmic, which offers an integrated payment and expense management solution, has raised $17.2 million in a Series B round of financing. Wei Hopeman and Jim Whims have joined its board of directors.


Episode Six Opens Tokyo Office, Hires Industry Veteran Oko Okamoto

Payments software technology provider, Episode Six is opening an office in Tokyo to meet “the growing demand” for fintech solutions in Asia. The company also announced that payments and finance industry veteran, Oko Okamoto, will oversee Episode Six’s new Tokyo office as general manager.


Company on the Move: Canadian Prepaid Group Welcomes New Members

The 2-year-old Canadian Prepaid Providers Organization has welcomed three new members and added an annual CPPO Prepaid Symposium to further its mission of supporting the fast-growing prepaid industry in Canada.


Company on the Move: Cardtek, OSPT Alliance

Payment solutions provider Cardtek has joined the OSPT Alliance, a global association chartered to help the transit, mobile and loyalty markets move toward an open infrastructure for fare collections.