PaymentVision and PayNearMe have teamed to make paying for remote transactions with cash as convenient as stopping by a local 7-ElevenÂ® store. The PaymentVision and PayNearMe solution provides consumers with a method of payment that is simpler to use and often far less expensive than current payment alternatives, such as pre-paid debit cards, walk-up bill pay or money orders sent by mail. With PaymentVisionâs universal ACH (electronic checks) and credit card gateway incorporating PayNearMeâs cash-payment technology and the ubiquity of 7-Elevenâs nationwide, billers, financial institutions, commercial customers and municipalities can now better accommodate cash consumers.Details
American Express OPEN, the small business division of the financial services company, recognized three small business owners. Award winners present at the event are being recognized in the categories of Government Contractor of the Year, Woman Contractor of the Year and Teaming Contractor of the Year. Nominees for the VIP awards were selected in collaboration with partners, Business Matchmaking (www.businessmatchmaking.com), Women Impacting Public Policy (WIPP) (www.giveme5.com) and SCORE “Counselors to America’s Small Business” (www.score.org). The winners are Contractor of the Year awarded to Jennifer Bisceglie of McLean; Woman Contractor of the Year awarded to Charlene Turczyn of Springfield, IL-based CMW and Associates Corporation, a federal consulting firm providing professional services to the federal government in the form of information technology, construction management and e-learnings. Revenues from government contracting in 2010 are estimated at $5.9 million; and Teaming Contractor of the Year awarded to Judy Sheppard of Vienna, WV-based Professional Services of America.Details
Mint prepaid card products with Carta have completed the non-brokered private placement of 1,600,000 units to Carta Solutions S.A. for proceeds of $200,000. Each unit consisted of one common share and three-quarters of a common share purchase warrant. This private placement was announced on October 5, 2010. Carta had previously invested $550,000 on July 6, 2010 comprising 4,400,000 units consisting of one common share and a half of a common share purchase warrant. In both placements each whole common share purchase warrant is exercisable for $0.15 until April 30, 2012. In addition, Mint also announced today that it has borrowed $500,000 from Carta Worldwide Inc. for working capital purposes. The loan is repayable in 12 equal monthly installments of principal and interest at 10% per annum. Carta Worldwide Inc. is a subsidiary of Carta Solutions S.A.Details
Keynote Systems Internet and mobile cloud monitoring has launched its “MITE 2” (Mobile Internet Testing Environment) for automated testing and verification of mobile content. This lets mobile content developers test and verify mobile Web content using a built-in library of 1,800 devices and 11,000 devices profiles for free download at mite.keynote.com. Also, “MITE” offers many useful features and functionality that allows mobile content owners, providers and QA professionals to quickly see how well Web sites, content, and applications perform from an end-user’s perspective. With this, an embedded WebKit browser engine lets users interact with any mobile Web site and get the most accurate end user perspective; customize the device library to expand upon the 11,000 profiles that come standard in MITE; automate mobile content testing; and verify that a mobile Web site is optimized for a given device using a score and actionable recommendations.Details
Global Cash Access cash access solutions and data intelligence for the gaming industry will be showcasing its recent innovations in marketing technology and cash access products at Booths #2221 and #2719 at this yearâs Global Gaming Expo (G2E), being held at the Las Vegas Convention Center from November 16-18. The Company will demonstrate its proprietary marketing and business intelligence tool, Casino Share Intelligence (CSI), which is a Web-based data analysis platform providing fast, detailed access to âshareâ trends in a subscriberâs market through a secure internet dashboard.Details
The PCI Security Standards Council released the latest version of its compliance standards. Ground Labs subsequently announced the release of Enterprise Recon, a PCI compliance software solution designed to search for the existence of unencrypted cardholder data storage and enable organizations to become compliant with the new PCI DSS v2.0. Payment card schemes and their member financial institutions are placing increased pressure upon corporations of all sizes to improve their cardholder data storage practices and protect consumers from fraud by achieving and maintaining PCI compliance. This newest PCI software solution, Enterprise Recon, is designed to help organizations reduce the likelihood of cardholder data breaches and achieve compliance with the recently revised Data Security Standard, PCI DSS v2.0.Details
EmbroidMe offers a large variety of personalized gifts which will continue to cultivate goodwill long after the holiday season is over. This facilitates selecting items that are in line with the corporate culture and budget from an assortment of more than 800,000 promotional products. EmbroidMe also carries greeting cards that can be personalized with the company name and logo to get the right message across. Some popular gift choices for clients include personalized desk sets, gift baskets, calendars, mugs filled with goodies, picture frames, sports blankets and personalized apparel.Details
GuestLogix onboard store technology to airlines has introduced its “OnTouch Concierge,” integrating smartphone usage with onboard retailing. The mobile application enables airlines to provide their customers with access to their Branded Onboard Stores through their smartphones, offering airlines an additional revenue stream. GuestLogix’ onboard store technology and merchandising platform provides passengers with the ability to purchase onboard travel-relevant, destination based products and services that can be consumed in-flight or fulfilled elsewhere to enhance any itinerary. Before flying, travellers are provided the option of loading currency into their application by accessing an internet payment service, obtaining a credit card pre-authorization, using their financial institution, and/or visiting an airport currency exchange operator. Products and services made available for purchase on the chosen airline’s Branded Onboard Store can include transportation to and from the airport; local entertainment and attractions; catalogue sales with convenient delivery; inexpensive communication options to stay connected; other destination offerings; and, of course, items consumed or used onboard such as meals, snacks, beverages, in-flight entertainment, and comfort items.Details
American Express has introduced its “Small Business Saturday” national movement concept to support the nearly 28 million small businesses in the United States that create jobs, created 65% of net new jobs over the past 20 year, and boost the economy and preserve neighborhoods around the country. To drive shoppers to local merchants across the U.S., which return $68 to the community through taxes, payroll and other expenditures for every $100 spent at their independent stores, the American Express OPEN small business unit has declared the Saturday after Thanksgiving the designated “Small Business Saturday.” Composed of an initial group of more than a dozen advocacy, public and private organizations, national “Small Business Saturday” membership includes The 3/50 Project; Business Matchmaking; Chicago Convention & Tourism Bureau; Count Me In for Women’s Economic Independence; Destination DC; eWomenNetwork; Facebook; Girls Inc.; Greater Boston Convention and Visitors Bureau; LA INC.; The Los Angeles Convention and Visitors Bureau; National Trust for Historic Preservationâs Main Street Center; National Association of Women Business Owners; New York City Department of Small Business Services; NYC & Company; San Francisco Convention & Visitors Bureau; SCORE: Counselors to Americas Small Businesses; Womenâs Leadership Exchange; Women Impacting Public Policy; Women Presidentâs Organization; and Yelp!.Details
J.P. Morgan has expanded its foreign exchange solution to help corporate clients make more simple cross-currency ACH payments. Instead of initiating payments from multiple in-country bank accounts and paying numerous wire fees, clients now can use a single account to perform foreign exchange conversion and execute ACH transactions in 19 currencies, in 40 countries, and will include additional currencies in the near future. This is ideal for businesses with large volumes of non-urgent ACH payments that want to eliminate the administrative and financial complexity of managing and reconciling multiple foreign accounts. Whether making a single payment to a vendor in another country or paying employees around the world in multiple currencies, this helps companies efficiently process international payments.Details
On Track Innovations contactless microprocessor-based smart card solutions, for homeland security, payments, petroleum payments and other applications, will present at Merriman Capital’s 7th annual Investor Summit on November 16 at 1:30pm in New York City. A presentation regarding OTI’s market positioning, financial performance and strategic direction will be provided.
It’s solutions include “SmartID” end-to-end in house solution for national ID cards, e-passports, driver’s license, voter ID and more; “MediSmart” Electronic Health Record (EHR) to a portable medium; and “Payments” supporting MasterCard, Visa contactless payment programs.
Cardtronics non-bank owner of ATM has posted 3Q/10 revenues of $136.6 million . The 3Q/10 revenue reflected a 6% increase from the year ago period revenue of $128.6 million and is up from the $132.9 million last quarter. Meanwhile, adjusted EBITDA was $34.9 million, up 8% from the year ago period; GAAP net income was $17.4 million, compared to the year ago figure of $6.4 million; and the Company’s managed services business added 882 ATMs. This is thanks in large part to total transactions having increased over 8%; total transactions per ATM having increased by 7%; and ATM operating gross profit per ATM having increased 7%. These results were subsequent to such developments as a new bank branding agreement with Scotiabank, to which Cardtronics will provide over 200 surcharge-free ATM access throughout Puerto Rico; having extended its Allpoint Network by more than 5,000 locations, to over 40,000 ATMs, into Australia through a partnership with Customers Limited; and having completed a series of financing transactions with the execution of a new $175.0 million bank credit facility and the redemption of $200.0 million, 9.25% senior subordinated notes.
2Q/08: $127.0 million
3Q/08: $127.2 million
4Q/08: $118.2 million
1Q/09: $115.3 million
2Q/09: $124.6 million
3Q/09: $128.6 million
4Q/09: $124.8 million
1Q/10: $127.8 million
2Q/10: $132.9 million
3Q/10: $136.6 million