Walmart & Xoom Launch international money transfer

Xoom money transfer launched its online international money transfer service through Walmart.com. Customers can now send money online via Walmart.com 24/7 to 30 countries in Latin America, Asia and Europe. Money can be picked up in cash at any of thousands of locations or deposited quickly to bank accounts. The service is available through Walmart.com’s Online Money Center or directly at walmart.xoom.com.

Details

VeriFone Acquires Global Bay Mobile Technologies

VeriFone Systems has acquired Global Bay Mobile Technologies mobile retail solutions. The acquisition is the latest development in VeriFone’s strategy to bring the power of mobile into the world of retail and payments, extending new smartphone – and tablet-based shopping and payment experiences to retail organizations. Global Bay has worked with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems. Global Bay’s technology, coupled with VeriFone’s secure mobile payment technology, offers the retailer an unparalleled comprehensive and integrated suite of mobile applications that will transform the in-store retail experience.

Details

Dataworks Launches Payments Clearing Platform

Dataworks payment processing announced its “Clearingworks Platform” now offers app development and implementation with a “drop-in” process. The “Clearingworks” open architecture lets developers implement Apps specific to their business needs while maintaining the security and integrity of our core payment processing. Changes in the payment processing world are widely discussed by analysts.

Details

Demand Driving NFC mWallets

Parks Associates is now showing almost 50% of U.S. smartphone owners find an NFC-enabled mobile wallet application appealing. Already 16% of smartphone owners use PayPal or other types of e-Wallet solutions as their preferred method for mobile payments, and one in four Millennials regularly use their mobile phones to research products or services prior to a purchase. These factors will create a commerce opportunity on smartphones of more than $800 billion U.S. in 2015 and boost business for merchants, retailers, financial institutions, and mobile carriers.

Details

MoneyGram Partners Wal-Mart, Eases Remittance

MoneyGram’s money transfer services have long been available online at www.moneygram.com or at MoneyGram agent locations, including financial institutions and retailers, such as Walmart. Now, customers in the U.S. can use MoneyGram to send money conveniently from walmart.moneygram.com. U.S.-based consumers can now conveniently send money from Walmart.com to be picked up exclusively at any Walmart location in the U.S., using either a credit/debit card or an ACH transfer from their bank account, at a comparable value to their in-store experience.

Details

Wright Express to Present at Investor Conferences

Wright Express Senior VP & Chief Financial Officer is slated to present at Wells Fargo Securities Technology, Media & Telecom Conference at the New York Palace in New York City on November 8 and JP Morgan Ultimate Services Investor Conference at the J.P. Morgan Conference Center in New York City on November 9. The company’s presentations will be webcast live and can be accessed through the “Investor Relations” section of the Company’s website.

Details

Braintree Now Processes $10mm Daily

The volume of credit card transactions processed by Braintree soared to over $10 million per day, 300 percent of the volume from the same period a year ago, the company announced. Braintree is an online payments provider that powers commerce for many of the fastest-growing and most discerning online businesses in the world. The company is now processing approximately $4 billion on an annualized basis, according to Bill Ready, Braintree’s CEO. The company is adding 100 new merchants a month and is aggressively expanding its footprint in Europe, Australia, Asia Pacific and the Middle East.

Details

E-Debit Launches Secured CNP Payment

E-Debit Global Corporation announces the development of E-Debit International Inc.’s “Smart Grid” secured Card-Not-Present payment process. With our previously announced EMV SCD Code certifications (the payment and security standard for interoperation used for authenticating credit and debit card payments at chip enabled terminals developed for payment systems by Europay, MasterCard and Visa and introduced by the Interac Network) we are now moving our focus to expanding our business development to the “Card-Not-Present” wireless and Internet market place utilizing our EMV experience. stated Doug Mac Donald, E-Debit’s President and CEO.

Details

Banco Santander to Deploy 2000 Diebold ATMs

Banco Santander signed agreements with Diebold for the manufacture, delivery and installation of approximately 2,000 new cash dispensers. Custom developed for Brazilians, the machines will serve the largest ATM market in Latin America, which accounts for about 60% of ATMs in the region. Banco Santander chose Diebold based on tests on production, infrastructure and security.

Details

EastNets partners Qtel Group for m-Remittance

EastNets compliance and payments solutions and services recently signed an agreement with the Qtel Group to provide the technology platform and expertise to support the regional and global rollout of the Qtel Group’s mobile money services across key markets, enabling international remittance globally. EastNets will provide the full infrastructure needed to host Qtel’s “mobile wallet” service, running the entire operation of the hosted services through a primary site in Dubai and a Disaster Recovery (DR) site in Bahrain. Mobile Network Operators (MNOs) will connect to the primary and DR sites through a secure VPN Connection. Qtel’s mobile wallet service allows customers to use their mobile phone accounts to send money, top up their credit, make payments and transfer airtime to friends and relatives. EastNets will also deliver compliance and anti-money laundering (AML) solutions to the Qtel Group through the en.SafeWatch Profiling as a Service (PaaS).

Details

Diebold 3Q/11 Revenue Drops 5.2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Diebold posted 3Q/11 net income from continuing operations attributable to Diebold of $41.8 million, down from $44.1 million in the year ago period, while revenue was $709.3 million, also down from the year ago period by 5.2% and includes a net positive currency impact of approximately 3%. Growth in North America…

Details