Visa Expands EMV Offering to Keep Up With Issuance

U.S. financial institutions have reported issuing an estimated one million Visa-branded, EMV chip-enabled cards as of December 31, 2011. This following August 2011 plans to accelerate mobile innovation and the adoption of EMV contact and contactless chip technology in the U.S. The growing adoption of chip technology in the U.S. has been facilitated by Visa’s flexible approach to cardholder verification. Subsequent to this development, Visa is introducing its “Visa Chip Services” suite of solutions to help issuers implement programs using EMV chip technology, including NFC-based mobile payments. It help issuers adopt the latest payment technologies efficiently and with minimal infrastructure investment.

Details

JHA Increases Quarterly Dividend 10% on Common Stock

Jack Henry & Associates Board of Directors increased the quarterly cash dividend by 10% to $.115 per share. The cash dividend on its common stock, par value $.01 per share, is payable on March 8 to stockholders of record as of February 21. At January 31, 2012, there were 86,709,623 shares of the common stock outstanding. Jack Henry & Associates is a leading provider of computer systems and electronic payment solutions primarily for financial services organizations. Its technology solutions serve more than 11,200 customers nationwide, and are marketed and supported through four primary brands.

Details

Navigant FCU Implements Fiserv Platform

Fiserv announced Navigant Credit Union chosen its “Acumen” account processing solution from Fiserv with ASP delivery, as well as several integrated solutions from Fiserv. Navigant has 50,000 members and $1.2 billion in assets. The “Acumen” solution supports the credit union’s rapid growth strategies and membership expansion initiatives. Fiserv solutions include WireXchange® for wire transfer processing, EnFact® Network Services for fraud detection, ACCEL/Exchange® payments network for ATMs and point of sale access, Prologue™ for accounting, Nautilus® for document imaging, Prism Analytics™ for member relationship management, and solutions for item and debit processing.

Details

INSIDE Secure Chosen by Smartphone Manufacturer

INSIDE Secure semiconductor solutions for secure transactions and digital identity is integrating its NFC solutions into a next-generation smartphone from a mobile phone manufacturer, launching mid-year. This will run on one of the most widely used mobile operating systems under license, and will utilize the INSIDE MicroRead NFC controller chip and INSIDE Open NFC protocol stack software to deliver a rich set of NFC capabilities to support a broad range of NFC applications. This will make it possible for people to use their mobile phones to pay when they shop or take public transit.

Details

Mobeam Extends Series A Venture

Mobeam added another $1.5 million on top of the $4.9 million Series A venture round announced in October 2011. This follows the company’s announcement to partner Procter & Gamble to bring the first-ever fully mobile couponing system to market, making electronic coupons presented on a phone or other mobile device scannable. This overcomes the technical barrier preventing mobile phones from interacting with the laser scanners used at retail locations. Mobeam technology adapts existing mobile technology to already deployed retail POS infrastructure.

Details

Global Demand for Payment Cards Expected to Surge

With the point-of-sale and the online markets rapidly gaining importance, the electronic payment system is poised to reach more number of retail and wholesale outlets worldwide. Smart cards and transponders are some of the microchip based payment devices, which are being effectively used in business transactions. The introduction of the new Chip Card system adds further security and safety as most of the chip cards are difficult to copy and therefore add to the anti-fraud safety in the transaction. The huge untapped potential can be put into perspective by the fact that the point-of-sales technology, especially in developing countries is still used in making just basic payments. Meanwhile, debit-card transactions are rising drastically driven by continued consumer preference away from credit cards.

Details

SpyderLynk Intros eMag mShopping Solution

SpyderLynk marketing technology company launched its “Snap-to-Buy” mobile commerce solution that closes the loop for publishers and advertisers, allowing them to take traditional media right to the intersection of social, mobile and, now, m-commerce. It lets consumers ‘Like’ a brand on Facebook, obtaining additional product information, scoring and redeeming offers to purchasing products – all with one snap or scan of a “Buy it Now” or “Shop the Look” SnapTag from a printed advertisement using their mobile phones.

Details

TNS Refinances Secured Facilities

TNS completed a refinancing of its existing senior secured credit facilities. The new senior secured credit facilities are comprised of a fully funded $350 million five-year term loan and a $100 million, five-year revolving credit facility, under which $25 million was drawn at closing. The interest rate at closing on the new facilities is LIBOR plus 300 bps, compared to LIBOR plus 400 bps (with a 200 bps LIBOR floor) on the existing facilities. The company has used the proceeds from the new senior secured credit facilities to repay all amounts outstanding under the existing facilities, under which there was $373 million outstanding, as well as to pay fees and expenses associated with the new senior secured credit facilities of approximately $7 million.

Details

Leaders Merchant Services Ranked Best Card Processors

Topcreditcardprocessors.com named the top ten best credit card processing companies for the month of February 2012. Topping the list was Leaders Merchant Services credit card processing company, based on their results and their dedication to excellence on a monthly basis. Leaders Merchant Services provides a merchant account service to assist their customers in accepting a variety of payment methods through a physical location while offering various services to protect consumers from bounced checks and charge backs. The five areas of evaluation which topcreditcardprocessors.com uses to evaluate merchant services include reliability, customer service, volume, stability, and automation.

Details

OTI Launches eParking Management System

On Track Innovations announced that the University of California Davis (UC Davis) Transportation & Parking Services office has selected OTI’s EasyPark e-parking management and payment system for implementation on the UC-Davis campus. The UC Davis deployment marks EasyPark’s initial entry into the U.S. market and builds upon global deployments across 110 municipalities around the world. The EasyPark electronic in-car solution lets issuers increase their parking revenues, reduce their parking management overhead and maintenance and substantially improve driver convenience, all without the requirement of costly infrastructure.

Details