Todd Clark Leaves Star for Co-Op Position and other Digital Transactions News briefs

• Wells Fargo & Co. announced its Wells Fargo Wallet will launch this summer and be incorporated into the banking giant’s mobile-banking app for Android devices, giving customers the ability to make contactless near-field communication payments directly from the app. The app, developed in-house, also will work at Wells Fargo ATMs, 40% of which will have NFC capability by year’s end, sparing the customer the need to use a debit card.

• Credit-union service organization Co-Op Financial Services named Todd Clark as president and CEO to succeed the retiring Stan Hollen, effective June 27. Clark most recently was a senior vice president at processor First Data Corp. in charge of the Star electronic funds transfer network and debit processing.

• The Bancorp named Damian Kozlowski, a veteran of Modern Bank, Citigroup Inc., and Bank of America Corp., as its new president and CEO; the company is the corporate parent of The Bancorp Bank, a major prepaid card issuer.

• KeyCorp named Ken Gavrity, a veteran of the regional bank company, as executive vice president and group head of its Enterprise Commercial Payments Group responsible for domestic and international payment and trade-service offerings for businesses, public entities and financial institutions.

• E-Commerce payments vendor Radial introduced three services it says help online merchants increase order conversions and eliminate or reduce fraud: Radial Payments, Tax & Fraud; Fraud Zero; and Fraud Insight.

• IdentityMind Global, a risk-management provider, debuted IDMPay, a payment-processing service that combines the company’s Trusted Digital identities and fraud-protection service with a payment gateway.

• Flywire, which specializes in processing international tuition payments for universities and other schools, has completed integration of the Uni-Pay client base into the Flywire platform. Flywire acquired Uni-Pay, which served more than 120 schools in the United Kingdom, in October.

• U.S. processor ACI Worldwide Inc. announced it has received the new certificate of technical accreditation “trust mark” from the U.K.’s Faster Payments Scheme Ltd., which operates the Faster Payments system in that country. With the accreditation, FPSL recognizes ACI as one of the so-called technical aggregators helping financial institutions gain access to the Faster Payments system.

• Payments company Apriva says its AprivaPay Plus application has been certified as EMV compliant on First Data Corp.’s Omaha platform.