WorldPay Completes acquisition of Envoy Services

WorldPay global payments provider is set to acquire Envoy Services alternative payment solutions to eCommerce merchants worldwide for an undisclosed terms. Envoy is a UK FSA-regulated global payments service that offers single point access to popular local payment and collection services worldwide. The company provides international eCommerce merchants with the broadest coverage for alternative payment acceptance through a global network of over 200 local bank accounts and 40 alternative payment services as well as a leading fraud screening service. The company is headquartered in London.Following the acquisition, Envoy will continue to operate its current business model, and the existing Envoy management team will join the senior leadership of WorldPay’s eCommerce business unit.

Details

Ceridian prepaid card solutions certifies Precidia payment engine

Precidia Technologies Internet Protocol (IP) payment and networking products announced Ceridian Stored Value Solutions (SVS) prepaid card solutions has certified Precidia’s “TransNet” payment engine software and POSLynx220 payment router for use by Arby’s. This certification broadens the list of transaction processors that can be chosen by users of the TransNet integrated payment solution, a list that has grown to more than 25 certified processors. TransNet is payment engine software that integrates with POS systems, ECRs and payment terminals. This solution is uniquely designed to maximize data security and deliver unparalleled flexibility to the merchants that use it.

Details

ViVOtech Wins NFC Award For Bank of Kuwait, Zain, VISA Project

ViVOtech NFC software and systems has won the 2011 Contactless Monkey Award in the category of On High Street, for its NFC project with the National Bank of Kuwait and Kuwait’s Mobile Telecommunications Co., known as Zain, using VISA EMV compliant payment cards, coupons and promotions. ViVOtech’s award winning project for the National Bank of Kuwait introduced a unique prepaid card distribution application that allows consumers to tap their NFC enabled phone on an NFC enabled smart poster in a mall to download a prepaid VISA card in just a minute or two. The Contactless Monkey Awards are presented to companies, organizations and retailers that have done the most to embrace and implement contactless technology into their day-to-day operating practices. The competition was open to all implemented contactless applications within the relevant sectors, regardless of geographic region or size of corporation.

Details

Mako Networks Renews PCI DSS Certification

Mako Networks has been certified as compliant with the stringent Payment Card Industry Data Security Standards for a second year as a worldwide Level One service provider. The certification means Mako meets the most difficult criteria and highest levels of security clearance for handling credit card data. Mako Networks is presently the only Level One-certified network management company in the world – due mainly to its patented communication technology. Mako Networks was reviewed across 212 technical and procedural requirements in 12 categories, accompanied by supporting evidence, documentation, employee interviews and technical system checks for data security and integrity. The findings of the audit were written up into a full 422-page report, which certified Mako Networks and the Mako Networks System as PCI DSS-compliant.

Details

Ingenico Shifts Powers That Be

Ingenico payment solutions, announced appointments at its Management Board, reporting to CEO. These include Pierre-Antoine Vacheron, EVP Finance and Support is appointed head of the SEPA-Europe Region. Jean-Yves Schapiro joins the Group beginning of May, as EVP and Chief Financial Officer, bringing with him extensive experience in finance while Siegfried Heimgartner was appointed EVP, Chief of Staff of the Presidency.

Details

March Unemployment Rates Drop in Most Metro Areas

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Unemployment rates were lower in March than a year earlier in 317 of the 372 metropolitan areas, higher in 44 areas, and unchanged in 11 areas. Meanwhile, 14 areas recorded jobless rates of at least 15.0 percent, 8 areas registered rates of less than 5.0 % and 260 metropolitan areas reported…

Details

74% of Moms Would Rather Have Cash Than Flowers

Research now indicates 74% of moms would rather receive $50 cash than a $50 bouquet of flowers on Mother’s Day. With this, 90% of consumers are looking for a way to thank their mothers this Mother’s Day sans flowers and candy, 72% of whom are considering giving cash. This compounds findings showing 79% are apprehensive about shopping for Mother’s Day for one reason or another, 52% of whom indicating they don’t know what Mom wants. Also according to the survey, conducted by Wakefield Research, 43% disclosed they can’t afford what they really want to buy their moms.

Details

Diebold Hires & Promotes Vice Presidents

Diebold hired Alex Brown to fill the role of vice president, corporate strategy and development and promoted Scott M. Angelo to vice president and chief information officer. Angelo will oversee operations of Diebold’s global information technology organization and its information and global risk and security operations. Angelo most recently served as vice president and chief security officer at Diebold, where he joined in 2006 as vice president and chief information security officer after having served as a military intelligence officer in the U.S. Army Reserve from 1986 through 2001. He received a bachelor’s degree in criminology from Indiana University of Pennsylvania, a master’s degree in information systems from George Washington University in Washington D.C., and a master’s degree in business administration from Case Western Reserve University. Brown most recently served as a partner at Marakon, an executive management consulting firm based in Chicago. Brown holds a master’s degree in business administration from Northwestern University in Evanston, Ill., and a bachelor’s degree in international relations from the U.S. Military Academy in West Point, N.Y.

Details

ABA SUBSIDIARY Updates on PREPAID CARD PROGRAM

Business Solutions of American Bankers Association has announced its “Community Bank Prepaid” turnkey, bank-branded, prepaid solution for ABA members. This allows bank customers using prepaid cards to pay employees, support college students or help people using alternatives to traditional checking accounts. The “Community Bank Prepaid Program” was created with and is serviced by TransCard prepaid card processing and MasterCard. ABA provides Bank Identification Number (BIN) sponsorship to member banks. All program operational support is handled by TransCard, with bank marketing materials provided by MasterCard, and cardholders can use their mobile phones to pay bills, check their balances, and receive text messages when transactions occur or their balance is low.

Details

ABI Appoints News Board President

Geoffrey L. Berman of Development Specialists has been selected by the the American Bankruptcy Institute (ABI) Board of Directors as President for 2011-12 to serve a one-year term. An ABI member since 1991, Berman has served as ABI’s Vice President-Publications and chaired a Task Force on General Assignments and is a frequent lecturer on bankruptcy and insolvency subjects. He received his B.A. in business administration with an emphasis in accounting and finance from the University of the Pacific and his J.D. from Southwestern University School of Law.

Details

Wells Fargo Launches Small Business Online Resource

For the Wells Fargo annual Small Business Appreciation Celebration has kicked off its interactive “Business Insight Resource Center” at (www.wellsfargobusinessinsights.com) financial information portal for small business owners. This offers business owners a free way to access engaging multi-media content with tips and strategies on how to start, grow, manage, expand and transition businesses. It also provides special offers on products and services to small business owners throughout May and June as part of this celebration. With this, it offers advice from industry experts, best practices and strategies as shared by fellow small business owners and information about how Wells Fargo solutions can help business owners solve specific business issues.

Details

Diebold Appoints New Board Member, Re-Elects Existing

Diebold announced the election of Patrick W. Allender to its board of directors at the company’s annual meeting. In conjunction, chief financial officer and secretary Danaher Corporation was elected. Also, re-elected to the board of directors were Bruce L. Byrnes, retired vice chairman, global brand building training, Procter & Gamble, Inc., Cincinnati, Mei-Wei Cheng, president and chief executive officer; Phillip R. Cox, president and chief executive officer; and Richard L. Crandall, non-executive chairman of the board.

Details