Payment Data Sees Record ACH Processing Month

Payment Data Systems electronic payments solutions provider announced that August 2011 set a record for transactions processed by the company. August’s ACH (electronic check) processing volumes were up 64% and ACH returned check transactions were up 50% compared to July of 2011. Credit card processing volumes for August were also the highest of any month in the previous three years. Credit cards dollars processed during the month were up 8% over July of 2011 and up 79% over August of 2010.

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Adyen Integrates Moneris Solutions

Adyen payment processing integrated with Moneris credit and debit card processor and acquirer, giving customers of both companies a single point-of-entry to a global suite of credit, debit and local payment methods. According to the North America B2C e-commerce report 2010, the number of Internet users in the United States is estimated to reach 205 million in 2010 (accounting for 66% of the population). The older Canadian population is the fastest growing segment of online users. By leveraging the strengths of each other, merchants of both Adyen and Moneris will be able to offer the relevant payment methods to the desired customer base increasing the probability of an on-line conversion.

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Trunkbow Extends Partnership with China Unicom

Trunkbow International Holdings Limited, a leading provider of Mobile Payment Solutions (“MPS”) and Mobile Value Added Solutions (“MVAS”) in China, announced that it has extended its MPS cooperation with China Unicom through the deployment of its terminal-based MPS platform in Hubei Province, bringing the Company’s total MPS installed base to 23 provinces through China Unicom and China Telecom. This platform will be used for both payment processing and employee and student identification, with Trunkbow to receive revenue based on a percentage of each user’s monthly phone bill. This platform will allow China Unicom’s 7.2 million subscribers in Hubei province to make purchases at retail locations using their mobile phones at the point-of-sale, and will function as a convenient, secure electronic identification card for students and employees at schools and other locations using the technology.

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Monitise Granted Mobile Commerce Patent

Monitise mobile banking, payments and commerce networks worldwide has been granted a patent for their secure mobile/internet shopping solution. The UK patent relates to how Monitise can generate ‘virtual card details’ on the mobile phone to enable a consumer to shop in a secure and convenient way without them having to divulge data from their credit or debit cards such as personal account numbers, card expiry dates and security codes. The consumer chooses which account to use as the funding account for the virtual card. Monitise UK provides services to banks covering more than 55% of the UK retail banking market and works to help banks and financial institutions to defend and extend their role at the centre of the mobile payments infrastructure.

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Wincor Nixdorf launches New Web Extensions

Wincor Nixdorf is presenting its ProTopas/Web-Extensions 2.0 software, which enables a flexible and uncomplicated design of intuitive user interfaces and supports a variety of innovative options for self-service touch applications. Wincor Nixdorf introduced Web-Extensions as early as 1996, thus becoming a pioneer in the use of Web technologies on self-service systems. Today, Wincor Nixdorf’s Web-Extensions are found on more than 100,000 systems worldwide. ProTopas/Web-Extensions 2.0 enables designers to create new interfaces using standard image editing programs such as Photoshop and import them in design tools such as Microsoft Expression Blend.

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CPS Allows eCommerce Merchants to Accept China UnionPay Cards

China Payment Services (CPS) released a new international Renminbi online payment service a week out from being a sponsor at eTail China, an international eCommerce conference being held in Shanghai from September 20 – 21. CPS now allows merchants to securely and reliably accept online payments in China, from China UnionPay cardholders. China Payment Services (CPS) is a wholly owned subsidiary of the Payment Network International group of companies and is an official business partner and reseller of ChinaPay, a subsidiary of China UnionPay.

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Revolving Credit Drops 5-1/4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of the total $2.45 trillion in outstanding US consumer debt, total outstanding revolving credit dropped in July from $795.9 billion to total $792.5 billion, the first drop in 2 months. This compares to the June figure of 795.9 and is consistent with trends over the past 2 and half years showing…

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VeriFone Expands Internationally Through Hypercom Legacy

VeriFone has integrated Hypercom international distributors into the VeriFone International Partner (VIP) program, giving distributors access to support resources and a wide array of technology to enhance their ability to deliver the latest payment solutions to their markets. Having completed the Hypercom acquisition August 4, Verifone is now aggressively welcoming Hypercom’s international distributors into the VIP program and work with them to accelerate international growth, increase innovation and build value. VeriFone has revealed plans to grow and enhance all major product lines that existed prior to completing the acquisition and bolster them with the strong VeriFone global brand identity. The VIP program offers Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to exclusive strategic, product and technology information.

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mPay & MasterCard Forge Payments Agreement

mPay Gateway signed agreements with MasterCard Worldwide to expand MasterCard acceptance through support of mPay Gateway POS. mPay Gateway’s point-of-care patient payment software calculates what the patient owes, authorizes payment at the time of service, and automatically collects the outstanding patient obligation after the insurer has settled the claim, eliminating the expensive and laborious statement process. mPay Gateway makes it simple for healthcare providers to accept card payments as a standard operating procedure. The company’s software also helps healthcare providers improve cash flow through faster receipt of funds while offering their patients an easy, convenient and secure way to pay for services.

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USA Technologies Sees Record August Transactions & Volume

USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve retail industries, announced its “ePort Connect” Service in August processed a new high of 8.4 million transactions representing $14.1 million in small-ticket transactions, increases of 81% and 71%, respectively, from August 2010. The Company also reported that on September 6, 2011, it set a single day record by processing 375,000 transactions. These latest milestones put the Company on an annualized run rate of approximately $170 million in processing volume. The “ePort Connect” enables self-service terminals, such as vending machines and kiosks, to accept credit, debit, new contactless cards and other cashless forms of payment, handles all elements of transaction processing, and allows customers to monitor and manage their terminals online – all with the highest level of data security.

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Visa to Present at Electronic Payments Summit

Visa announced its Group President – Americas, is set to participate in a panel discussion titled “The Future of U.S. Debit” at the Jefferies 2011 Electronic Payments Summit in New York on September 20. The discussion is scheduled to begin at 12:45 p.m. Eastern Time and last for approximately 40 minutes, for which a listen-only audio webcast and replay will be accessible for 30 days on the Investor Relations web site at http://investor.visa.com.

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MoneyGram to Present at the Goldman Sachs Conference

MoneyGram International is set to present at the Goldman Sachs Financial Technology Conference on September 13 in New York. The conference will bring together financial technology companies to communicate goals and strategies to equity and debt investors focused on the financial technology space. Presentations will be given by each financial technology company and offer direct access to key investors through one-on-one discussions scheduled throughout the day.

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