Alert Logic Completes Acquisition of Armorlogic

Alert Logic, the leader in delivering Security-as-a-Service for the cloud, announced the completion of the acquisition of Armorlogic (www.armorlogic.com), a leading developer of Web application security solutions. Alert Logic will combine the leading blocking capabilities of Armorlogic Profense WAF with its own proven Security-as-a-Service model to simultaneously increase the effectiveness and decrease the cost of…

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MasterCard and Telefonica Put a Name to JV

MasterCard and Telefónica launched its “Wanda” mobile financial solution. This will provide mobile payment solutions to the over 87 million Movistar customers in the 12 markets where it will operate. These mobile payment services will be linked to a mobile wallet or prepaid account that will allow for money transfers, mobile airtime reload, bill payment and retail purchases, among other services. The mobile wallet and prepaid accounts will be available anytime, anywhere in the world.

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MasterCard to collaborate with Unicom on mpayments

Unicom Payment and MasterCard have signed a Memorandum of Understanding (MOU) for the establishment of a mutually beneficial relationship to explore future business collaboration. The MOU aims to forge a platform for potential cooperation in emerging mobile payments including in the areas of mobile Virtual Card Network, MasterCard inControl, MasterCard PayPass and the development of…

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Western Union launches GEO payments

Western Union Business Solutions announced the launch of its new GEO for Education service with the University of Edinburgh, a leading Scottish university, to provide an international payments platform specifically for overseas students. Western Union Business Solutions is a business unit of the Western Union Company, a leader in global payment services, which recently acquired…

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Ingenico posts strong full year net profit

Ingenico announced its fourth-quarter revenue and its audited financial statements for the year ended December 31, 2011. 2011 Revenue of over €1 billion, objective achieved ahead of plan Strong growth in profitability Growing contribution of Transactions and Services in total revenue An expanded offer in the healthcare vertical market and mobile payments Proposed dividend of…

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Inside Secure Delivers Mobile NFC

INSIDE Secure and Sunward Telecom announced they will be demonstrating a new NFC upgrade solution that fits entirely within a standard-size SIM card and achieves industry-standard, 4-cm proximity transaction performance when inserted in a non-NFC mobile phone. Simulating a MasterCard® PayPass™ payment transaction, the demonstration shows how non-NFC mobile phones can be easily upgraded to…

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Société Générale Implements Oberthur NFC

Oberthur Technologies, the world’s second largest provider of security and identification solutions and services based on smart card technologies, announced the signing of a contract with Société Générale for the roll out of NFC services in France this year. “At Société Générale we constantly strive to bring to the market reliable and easy-to-use solutions designed…

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MasterCard Launches m-Money Partnership Program

MasterCard kicked off its “MasterCard Mobile Money Partnership Program” global initiative to help more than 2.5 billion financially-underserved consumers worldwide gain access to formal financial services through their mobile phones. In partnership with Comviva, Sybase 365 and Utiba, this will let consumers purchase goods and services via their mobile phones at millions of brick and mortar and online merchants worldwide, as well as transfer funds and pay bills. This is designed to target the 70% of the global population with a cell phone, only half of which have a bank account. The “MasterCard Mobile Money Partnership Program” offers prepaid companion cards that account holders can use at merchants that accept MasterCard cards; virtual card accounts that can be used for eCommerce payments with a user’s mobile money account; and person-to-person payments between subscribers of two different mobile money services.

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MoneyPass Makes Available ATM Network Affiliation

MoneyPass network of surcharge-free ATMs added “PIN POS” capabilities to its list of offering for financial institution clients. Already offering access to a broader network of 22,000 nationwide surcharge-free ATMs, MoneyPass now provides cards that have a “PIN POS” network affiliation. Financial institutions that use Elan Financial Services for their debit processing, can now choose to participate in MoneyPass “PIN POS” service, MoneyPass surcharge-free ATM service or both. MoneyPass “PIN POS” offers financial institutions a low cost, low-commitment stream of revenue.

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3Delta Systems Appoints VP of Sales

Diane Merrigan has been appointed VP, sales with 3Delta Systems online business-to-business (B2B) payment card processing. She will focus on growing sales among mid-size and enterprise-level merchants for 3DSI’s products and services, including the “Payment WorkSuite” payment processing platform. She will also help enhance 3DSI’s channel partner services for B2B customers and broaden sales among acquirers and Independent Sales Organizations (ISOs). Bringing with her 20 years’ B2B sales experience in the payments industry was most recently with Heartland Payment Systems for 13 years as director of national accounts. Here she also served as director of B2B market, was a B2B market specialist as well as a relationship manager.

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