TSYS Expands Share Repurchase Plan

The TSYS Board of Directors has approved increasing the number of shares that may be repurchased under its current share repurchase plan from up to 10 million shares to up to 15 million shares. With the increase, TSYS has 9.9 million shares available to be repurchased. In addition, the Board of Directors extended the expiration date of the plan to April 30, 2013. The shares may be repurchased from time to time over the next two years at prices considered attractive to management. Repurchased shares will be used for general corporate purposes.

Details

Entrust Introduces Strong Authentication For Mobile Apps

Entrust has kicked off its “IdentityGuard Mobile Software Development Kit” (SDK) for popular mobile platforms. The security toolkit is compatible with Apple, Google Android, RIM BlackBerry and Java and helps banks embed authentication technology into its new or existing mobile-banking application. The “SDK” also will assist financial institutions with deploying stronger authentication for online customer security, a requirement expected to be at the center of upcoming guidance from regulatory agencies of the Federal Financial Institutions Examination Council (FFIEC). Advances in criminal technology demands stronger guidelines to help stop advanced attacks that target the identities and transactions of consumers and business-banking customers.

Details

T-Gate Partners With ID TECH

ID TECH’s “SL Secure Line” products has teamed with T-Gate’s “SecureLINK” to offer merchants a complete Point-to-Point Encryption solution for processing transactions independent of any processor. ID TECH’s “SL Secure Line” products deliver reading performance while encrypting sensitive data that complies with PCI-DSS requirements. The “SL Secure Line” products support industry proven Triple DES (TDES) encryption and uses Derived Unique Key Per Transaction (DUKPT) key management. Data encryption technology is available on IDTECH’s wide range of point-of-sale financial transaction products including their growing line of mobile readers.

Details

Everlink Certifies Hypercom Payment Software

Everlink Payment Services integrated payment solutions has Class A certified Hypercom’s high security SPOS32 payment software application V3.3 which supports both MSR1/EMV transactions and Everlink’s MFC2 POS Specification on the Optimum T4200 countertop and M4200 mobile product family. With this certification, local Everlink distributors can now order Hypercom systems, considerably increasing the number of Canadian Independent Sales Organizations (ISOs) that can purchase Hypercom’s products.Hypercom’s high security, PCI approved and Interac-certified Optimum fixed countertop and mobile payment terminals in Canada include the Optimum T4210 (dial), T4220 (Ethernet with dial), T4230 (GPRS with dial) countertop and M4230 GPRS and M4240 Bluetooth mobile card payment terminals.

Details

FICO and Equifax Extend Distribution Agreement

FICO analytics and decision management technology has extended a multi-year agreement with Equifax Canada to distribute its “BEACON” Score to lenders and other businesses. This commit the two firms to release an updated version of “BEACON” and to develop other innovative analytic solutions for the Canadian credit market.The newest version of BEACON(R) is expected to become available in the Canadian market later this year and will incorporate many of the latest FICO analytic advances.

Details

Oberthur Expands to Hungary With Prepaid city cards

Oberthur secure technologies, has reinforced its link with OTP Bank, the largest financial institution in Hungary, to provide contactless payment city cards to the citizen of Pecs. The citizen card is an international banking card usable not only for payment but also for other transactions. It is accepted by the 150 million merchants in the Maestro ecosystem. The card is issued in a prepaid format and can easily be refilled through the Internet or with cash in an OTP Bank branch.

Details

Vindicia Launches New Billing Solution

Vindicia has upgraded its offering with invoicing and billing to support digital merchants in the enterprise software, Software as a Service (SaaS) and B2B markets with its “CashBox” billing solution. Optimizing customer retention and acquisition generating US$50 million in annual incremental revenue for its customers, digital merchants using CashBox to optimise “pre-pay” models, where customers pay in advance of using a service. CashBox supports merchants of all sizes while its new version lets them present an aggregated, itemised invoice to customers and enable its payment. This includes the ability to bill customers for multiple services simultaneously, and to collect for those services in a single payment.

Details

Epson series POS printer passes 5.5 million units sold worldwide

Epson’s “TM-T88” single-station thermal POS printer has passed the milestone of more than 5.5 million units sold. Ideally suited for restaurant, banking and retail technology printing applications, the “TM-T88-series” POS printer has been an industry benchmark product for nearly 14 years. The POS printer is the number one receipt printer sold worldwide, giving Epson the largest market share of more than 50%1 of the thermal POS printer segment. It also saves electricity and holds the ENERGY STAR2 comliance and boasts the best grey level graphical printing of any thermal printer.

Details

ChinaSoft Forges New Credit Card System Development

ChinaSoft International announced the signing of a credit card system development and managed service contract with China Everbright Bank, for further establishing ChinaSoft’s leading position in the high end credit card service market. Meanwhile, ChinaSoft’s new generation self owned intellectual property credit card system TOPCard has successfully gone into operation for Shanghai Bank with zero error rates, showing the TOPCard product is highly advanced with complete function and outstanding performance. The credit card system of China Everbright Bank is based on the world known high end product, VisionPLUS, operating on IBM’s mainframes. VisionPLUS strictly requires a highly skilled technology and operational service team, which is recognized as the peak of credit card IT service in the industry.

Details

Unified Software Launches Payment Gateway

Unified Software has joined the Bacs Approved Software Suppliers with its “BankPay-IP” payment gateway. With this, payment gateway software must pass stringent testing by the Bacs UK bank clearing network. Few software houses have the Bacs Approved Software Supplier status necessary to connect to the bank network and Unified Software is the first company to achieve this in over 7 years. The Unified “BankPay-IP” combines conventional payment gateway software with a unique pay-per-use model.

Details

FIS Posts 1Q/11 Revenue up 12.0% Y/Y to $1.38B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS banking and payments technologies posted its 1Q/11 revenue up 12.0% to $1.38 billion from the year ago figure of $1.24 billion, $614.5 million of which was contributed through its Payment Solutions Division. With this, adjusted net earnings from continuing operations totaled $137.7 million compared to the year ago figure of…

Details