TSYS Takes Over TermNet, Expands Merchant Acquiring

TSYS has acquired TermNet Merchant Services merchant acquirer, which will subsequently be re-branded TSYS and fully integrated into its “Merchant Solutions” division. TermNet has a 25-year history in merchant acquiring and is ranked as the 52nd-largest merchant acquirer in the U.S. by dollar volume. TSYS Merchant Solutions will now serve more than 327,000 merchant locations across the United States with this latest expansion. TSYS supports cross-border payments in more than 85 countries, offers merchant payment-acceptance solutions and credit, debit, prepaid, mobile, chip, healthcare, installments, and money transfer services.

Details

InContext Appoints Exec to New Role of Chief Commercial Officer

Mary Shea has been appointed Chief Commercial Officer with InContext Solutions 3D Internet-based virtual store environments for research, innovation and ecommerce applications. Most recently with Frontier Strategy Group information and advisory services firm focused on emerging markets, Shea also held the role as Chief Commercial Officer, during which time she tripled revenues, increased measured client satisfaction rates and built a 40 person worldwide sales and services organization. At InContext Solutions her responsibilities will include developing the company’s commercial strategy, directing the sales and marketing activities and positioning the company for rapid expansion. Mary holds a a Ph.D. in Musicology, is a former professional oboist and college professor.

Details

Open Solutions Encourages Industry Collaboration with DNAapps

Open Solutions relationship-centered core banking platforms for financial service providers launched its “DNAappstore” (www.dnaappstore.com) online marketplace to advance global collaboration and innovation for the financial services industry, and “DNAcreator” suite of tools for creating said applications. Open Solutions partners, clients and independent developers can leverage “DNAcreator” to build and share custom applications (DNAapps) that exponentially broaden a client’s core banking capabilities. DNAapps can then be made available on the “DNAappstore” allowing the industry’s best ideas and solutions to come together in a single collaborative global marketplace, which allows developers to share their applications and interact directly with other developers to accelerate collaboration.

Details

AmEx Enrolls Sixth Class in Its Academy for Emerging Nonprofits

American Express welcomed 75 emerging nonprofit leaders to the American Express Leadership Academy, which will run at both the company’s New York headquarters and at the Thunderbird School of Global Management in Glendale, Ariz. The American Express Leadership Academy is an international training program, conducted in partnership with the nonprofit Center for Creative Leadership, designed to develop the next generation of leaders in the nonprofit sector. Participants in the program are selected based on a competitive application process from national and local nonprofit partners to hear from American Express senior executives on such topics as media training, leadership training, experiential exercises, individual executive coaching, and team activities. The American Express Leadership Academy at Thunderbird in Glendale is an extension of Thunderbird’s existing Academy, a program that American Express has supported since its inception, for leaders in the social sector.

Details

CBOSS Grows Hometown Health Network Partnership

CBOSS PCI DSS-compliant, secure online payment solutions for healthcare as well as government and regulated industries, announced that the firm’s ongoing partnership with the Hometown Health Network has lead to the development and launch of two important new online payment services, in addition to a new online portal presence. The CBOSS “Central Payment Portal” (CPP) provides a secure, web-based, hosted service that allows businesses to automate formerly manual payment processing operations, creating a significant improvement in operational efficiency. Its Level 1 PCI-DSS compliance ensures the CPP was able to deliver the reliability and security that Hometown Health insisted upon for their payments solution for their members, giving patients access for making credit card or e-check payments online.

Details

Compass Plus Launches New Payment Gateway

Compass Plus retail banking software and electronic payments systems has made available its “TranzWare Online Universal Payment Gateway.” This allows financial institutions and other payment processors to quickly build interfaces for the connection to payment or billing applications. This accelerates the development of interfaces in-house, streamlining operations, reducing development costs and speeding time to market. The “TranzWare Online” platform allows financial institutions to extend interfaces and deliver new services and features to customers. Institutions can also switch, route, authorize and manage electronic payments from multiple devices and delivery channels all on a single platform.

Details

mBanking Can Generate New Revenue from Generation Y Users

A new consumer discovery panel study by Simon-Kucher & Partners, global strategy and marketing consultancy reveals 76 percent of ‘Generation Y’ consumers (18-26 year olds) would consider a monthly fee of £5.00 a fair price to pay for mobile banking. Findings demonstrate how mobile banking could provide a new revenue source for banks instead of providing the service for free. This Generation Y demographic – equating 12 percent of the UK population – represents an untapped opportunity for banks. Most banks see mobile banking as a means of reducing costs by migrating expensive branch and call-centre transactions to mobile devices. Consequently, mobile banking is offered free. Notably, respondents’ preferences for service declined with the increasing richness of functionality. Informational services were considered most important (81 percent), followed by transactional (69 percent) then interactive (53 percent).

Details

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