Astorg Partners Acquires Microconnections From FCI

Astorg Partners has signed an agreement with the French group FCI manufacturer of connectors to purchase its Microconnections division. Microconnections manufactures flexible tape material for smart cards, which are used in several applications, including SIM cards for mobile phones, banking cards and e-ID cards, etc. Other products are also being developed such as connectors for medical sensors and connectors for LED bulbs. Thanks to the booming smartcard market, Microconnections had a sales turnover of 202 million euros in 2010, which has grown by 18% on average every year for the last five years.

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Visa to launch new mobile payments method

Visa Europe payment processing will be introducing new mobile payment services as well as alert services across Europe in an effort to push mobile payments regionally. The Visa Person-to-Person system will allow customers to send money from one Visa card to another using their address book in their mobile phones and transfer money to anyone that they know. It will automatically notify users on their mobile devices whenever cash is withdrawn or a payment is made.

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Planet Payment to Delay 1H/11 Results

Planet Payment will delay its results for the six month period ended June 30. In accordance with AIM market policy, the Company has requested the AIM market of the London Stock Exchange to temporarily suspend trading in its shares until such results are issued. OTC Markets Group, Inc. has indicated that they will temporarily remove the Company from the OTCQX tier but the Company’s shares will continue to trade on the OTC Markets Pink Link system. As of October 1, 2011 the Company will be listed on the “OTC Pink No Information” tier. However as soon as the Company files its financial statements and report for the six month period ended June 30, 2011, the Company’s shares will resume trading on AIM and the Company will be restored to the OTCQX tier. This delay allows the Company to complete its examination of the matter, for which it is working diligently to finalize and issue its financial statements for this period as soon as practicable.

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Lloyds TSB Enhances m-Banking

Lloyds TSB launched its enhanced Mobile Banking service, available across a wide range of smartphones allowing Internet Banking customers to access their money and manage their accounts. Customers can access Mobile Banking through their smartphone’s web browser – simply by logging on with their existing Internet Banking logon details. The new service provides Lloyds TSB customers with the ability to view account details and balances on Lloyds TSB personal accounts, savings accounts and credit cards; see mini-statements (last six transactions) on Lloyds TSB personal current and credit card accounts; pay bills or existing recipients; set up new payment recipients; transfer funds between Lloyds TSB personal accounts or savings accounts; and check credit card limits.

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USA Technologies Posts 4Q/11 & FY/11 Revenue Way Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries posted revenue for FY/11 and its fiscal 4Q/11 up 45% to $22.9 million and 54% to $6.9 million, respectively. The full year figure of $22.9 million compares to the year ago figure of $15.8 million while gross…

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USA Technologies Posts 4Q/11 & FY/11 Revenue Way Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries posted revenue for FY/11 and its fiscal 4Q/11 up 45% to $22.9 million and 54% to $6.9 million, respectively. The full year figure of $22.9 million compares to the year ago figure of $15.8 million while gross…

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Smart Payment Association names New technical director

Lorenzo Gaston has been appointed to the Smart Payment Association (SPA) Board as SPA Technical Director. Gaston has been contributing to Smart Payment Association over the last two years as Chairman of the Specifications Workgroup, which was set up to adapt to the evolving payment landscape and the numerous formal and industry-led standardization bodies for payments. Lorenzo brings to the position an extensive experience and track record in international standard organizations and industry forums, as a renowned contributor as well as a recognized manager, in particular in the domains related to smartcards and security.

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NCR & Sparkfly Partner to Drive Merchants Consumer Engagement

NCR Corporation entered a strategic agreement to integrate Sparkfly’s mobile marketing platform with Radiant POS software, including Aloha, with its personalized smartphone app. The app enables the delivery and redemption of digital offers and discounts at the POS while this integration will provide customers enhanced cross-selling capabilities and drive consumer engagement across the mobile and POS. Sparkfly’s digital offer redemption capability is especially appealing to CPG companies, as it provides brands with a unique resource to engage individual consumers with targeted promotions based on SKU-level details of their actual purchases.

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Patco Deploys Visa contactless commuter pre-paid card

PATCO and Cubic Transportation Systems partnered to provide Philadelphia/New Jersey region commuters a transit-branded, contactless Visa prepaid card. The new PATCO “Wave” & “Pay ANYWHERE” Visa Prepaid Card began a 12-month pilot program on September 26. Allowing consumers to use the same transit payment card for both transit and retail purchases, this “open-loop” payment system uses contactless bank cards that give users the opportunity to spend money wherever the card is accepted. The PATCO Wave & Pay ANYWHERE Visa Prepaid Card is a contactless, general purpose, reloadable card. It is one of the lowest fee prepaid cards on the market. To participate, PATCO riders can get a free PATCO Wave & Pay ANYWHERE Visa(R) Prepaid Card with no enrollment free from brand ambassadors who will be on site for the first two weeks of the pilot at six PATCO stations where special kiosks will be located to enable customers to load their cards.

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Euronet Worldwide To Launch m-Payment

Euronet Worldwide global electronic payments provider is set to launch its “wipit” mobile payment service on the Google Android or Apple iOS smart phone app. The service provides consumers a single-click purchase on mobile ecommerce purchases, funded with a credit or debit card. While users can choose to link a credit card as their account payment method, the offering is focused on enabling cash-preferred consumers to participate in mobile payments and in-app purchases. Consumers download the “wipit” mobile app, establish their account, and utilize the store locator to find a convenient Euronet-enabled retail location to add funds to their account.

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Foregenix and Semafone Offer Call Center PCI

Foregenix and Semafone partnered to allow call center clients to reduce their PCI scope, risks and associated costs by removing cardholder data from the call center environment. Semafone lets customers enter data via their telephone keypad instead of speaking it over the phone to the call center agent while Foregenix information security specialist and its “FScout” cardholder data discovery solution provides clients unprotected “rogue” cardholder data in their business systems. Semafone will secure all future transactions by preventing cardholder data from entering the call center, while FScout will enable call centres to identify all historic cardholder data stored on their systems.

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SecuredPay Announces 2nd Patent Approved on Real-Time Payments

SecuredPay Solutions announced they have been issued their company’s 2nd U.S. Patent that covers Electronic Real-Time Payments on Wireless Mobile Devices. SecuredPay was formed to address real security concerns regarding who has access to a customer’s card data and how that data is stored. A merchant’s minimum standard should be to protect their customers’ identity”.SecuredPay was the first company to obtain PCI (“Payment Card Industry”) certification for SWIPE.

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