In a dismal announcement, Wincor Nixdorf has lowered its forecast for the current fiscal year 2010/2011, for which it blames the inconsistent market recovery. With this, the company anticipates to achieve growth of 4% in net sales in the current fiscal year 2010/2011, while operating profit is expected to match or slightly exceed last year’s figure. This compares to the original target of 6% growth in net sales and 8% in EBITA, set at the beginning of the year. THe Company will subsequently initiate a buyback.Details
Hanse Orga’s “FinanceSuite Payment Management 2.2” financial software has completed the SWIFT certification process and awarded the “SWIFT Ready Application for Corporates – Cash Managment 2011” label. The “FinanceSuite Payment Management 2.2” was tested for its connection to the SWIFT network as well as for the handling of incoming and outgoing message text formats such as MT101, MT940 or MT942. By awarding the label SWIFT states that the Hanse Orga product fully complies with the stringent SWIFT guidelines and therefore meets the high requirements of companies in the finance sector.Details
More than 300 leaders from the financial services and business community gathered to honor Vikram Pandit, CEO of Citigroup, at UJA-Federation of New York’s Wall Street and Financial Services Division’s Banking and Finance Reception on May 4, 2011, at Gotham Hall in New York City. The event, honoring Pandit for his professional and philanthropic leadership, raised $900,000. Since December 2007, Vikram Pandit has been CEO of Citi, one of the world’s leading financial services companies, which does business in more than 160 countries and jurisdictions and has approximately 200 million customer accounts.Details
Turkcell mobile network operator with over 33 million subscribers selected On Track Innovations contactless smart card solutions’ “COPNI” mobile payment solution for its NFC program for its “Turkcell Cep-T Cüzdan.” Turkcell has commenced a rollout of an NFC program, with initial focus on contactless payment applications that will enable to increase transaction flow and provide additional business, as well as strengthen even further Turkcell’s position as a leading technology and service provider for the Turkish market. OTI’s “COPNI” (Contactless Payment and NFC Insert) enables Turkcell’s own branded handset the T10 to support NFC functionality and contactless payment applications from major card associations. Following payment applications, other applications such as transportation, ticketing or loyalty will be available to Turkcell Cep-T Cüzdan subscribers by the end of the year, and customers will experience the real wallet concept with the convenience of their mobile equivalent.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data posted its 1Q/11 consolidated revenue up $142 million to $2.5 billion by 6% over the year ago figure of $2.4 billion. This was thanks in large part to increases in debit network fees, merchant related services from the favorable impact of U.S. economic growth, and improved international volumes. Meanwhile,…Details
Down the long bumpy road that was April 2010, consumer confidence was shaken, but in the end remained flat on the Discover U.S. Spending Monitor. The discrepancy in the final numbers from March to April was practically nil, dropping only from 89.5 to 89.4. This was no indication, however, of variation throughout the month. From April 6 to April 20 alone, there was a near 10-point increase in consumers who felt the economy was worsening, from 46% to 56%, while the number of consumers rating their personal finances as poor shot from 20%-28%. Meanwhile, those who said their finances were getting worse exploded from 46 to 55% in conjunction with skyrocketing gas prices.
But when all was said and done, those feeling economic conditions were getting worse stood at 51%-the same as in March- as 18% feel conditions are the same, down 2 points from the previous month, and 26% feel the economy is improving, a 1-point increase from March. To blame: Gas Prices. This is clear to the 57% planning to change their summer vacation because of unmanageable fuel costs while 68% are forced to cut back on discretionary spending. Also throughout the month of April, only 34% described their finances as good or excellent, while 64% say their finances are fair or poor, 49% of whom disclosed they are only worsening-compared to the 48% in March. Only 21% say their finances are improving, compared to 22% in March, for a telling sign of the times.
Fifth Third Processing Solutions payment solutions provider now supports Hypercom payment software with Voltage Security’s point-to-point data encryption. The counter top terminal solutions encrypt card data for retailers in the terminal until it is received for processing at Fifth Third Processing. With this, Fifth Third Processing Solutions has Class A certified Hypercom’s “SPOS32” payment software with Voltage Security’s point-to-point data encryption to help U.S. retailers and restaurants using Hypercom’s Optimum T4205, T4210 and T4220 countertop terminals securely process payments.Details
It’s official; Citadel EFT credit card terminals and card processing services has received its stock symbol (otcqb:CDFT). To allow more merchants to accept Visa and MasterCard credit card transactions by offering free processing equipment along with affordable, high-quality merchant services, Citadel EFT can customize Visa and/or MasterCard card processing program for merchant accounts. In conjunction, the Company is offering a free pin pad and a $200 sign-on bonus to any new merchant credit card processing account signing with Citadel EFT by May 30, 2011. Citadel EFT also offers merchants who have an iPhone, Android or Blackberry cellular phone a free swiper, making for a pocket-size credit card processor.Details
VSoft announced United Credit Union has selected its image exchange solutions to streamline check processing and accommodate anticipated growth. United Credit Union chose VSoft solutions to consolidate check processing, which will accelerate internal operations and improve member service. VSoft’s image exchange technology offers the capability to send and receive images either through direct exchange or through exchange. The solution expedites transaction clearing and returns processing, reducing transportation expenses.Details
Douglas MacIver has been promoted VP, Sales and Marketing with InfoTouch touch screen developer for Retail POS Software (POS). InfoTouch Corporation developed the first-to-market Retail Touch Screen POS Software in 1986, and has implemented and serviced thousands of Touch Screen Retail POS businesses over its 25 history. Based on proprietary market research, InfoTouch believes this decade is the start of the POS paradigm shift for retailers, similar to the shift experienced in hospitality POS over the last two decades.Details
Cypherbridge Systems has made availabile its “AK200” Design Kit. Offering a turnkey solution for the payment transaction market for POS Terminals, the “AK200” standards based approach eliminates proprietary proxy servers, hosting and expense, resulting in a lower system capital and maintenance cost. It is also adaptable to just about anything that needs a Point-of-Sale (POS) solution using TCP 802.11 or cellular wireless WAN, including power managed battery operated systems. A range of transaction models can be used including standard swipe, P2PE encryption, or hosted payments depending on business model.Details
Liaison Technologies VP, Product Management is set to illustrate benefits of data tokenization for financial services companies. This includes risk reduction and compliance with PCI DSS and data privacy laws at the 2011 FS-ISAC, BITS Annual Summit. Liaison will present several use cases illustrating how tokenization is being used by financial services companies to protect data at rest in databases, files and applications. For those not yet familiar with tokenization, the presentation will also include an introduction to the technology. It will touch on how financial services companies have implemented tokenization to protect both payment card numbers (PCI) and Personally Identifiable Information (PII) through real-life use cases.Details