Wright Express Corporation payment processing and information management posted 1Q/10 total revenue having increased 22% to $83.8 million from $68.5 million in 1Q/09. This was thanks in large part to total MasterCard purchase volume having grown 31% to $853 million, from $649 million for the first quarter of 2009. Adjusted net income for 1Q/10 increased 46% to $23.7 million from $16.3 million for the year-earlier period. For the first quarter of 2009, the Company reported an unrealized pre-tax, non-cash, mark-to-market loss of $6.5 million. Additional findings show total fuel transactions processed declined 2% from the first quarter of 2009 to 61.8 million; payment processing transactions were flat at 49.1 million, and transaction processing transactions decreased 9% to 12.7 million; total revenue for the fleet segment increased 19% from the first quarter of 2009 to $73.4 million; fleet payment processing revenue increased 27% from the first quarter of 2009 to $48.7 million; average expenditure per payment processing transaction increased 37% from the first quarter of 2009 to $55.80; and average retail fuel price increased 38% to $2.76 per gallon from $2.00 per gallon in the first quarter of 2009.Details
Wincor Nixdorf payment solutions has launched its enhanced PC/E Terminal Security multi-vendor ATM security software suite. Comprised of its PC/E Terminal Security Intrusion Protection and PC/E Terminal Security Access Protection solutions, the enhanced suite offers the highest level of security available for the ATM environment, can be deployed on any type of ATM in a multi-vendor environment, and supports financial institutions in achieving compliancy with international security standards and regulations. These regulations include the PCI standards and state data protection laws as currently in force in 46 states in the U.S. Wincor Nixdorfâs PC/E Terminal Security suite is designed to protect against known and unknown threats. It also provides streamlined security administration; predefined security policies for a multi-vendor environment; real-time monitoring and logging of attacks; protection against known and unknown attacks; customization of individual security policy parameters; and optional adaptation to existing administration system.Details
Chicago-based Cole Taylor Bank has elected to replace its current core
processing solution with FISâ Integrated Banking Services (IBS).Cole
Taylor Bank will deploy IBS, a client-centric core banking platform with
a broad offering of financial services solutions, throughout its banking
centers to meet the evolving business objectives of their organization.
As part of its extensive agreement, Cole Taylor Bank has selected an
extensive suite of additional solutions that include: bill payment,
electronic banking, customer relationship management, risk, fraud and
compliance, and commercial treasury. These solutions are fully
integrated with FISâ IBS core banking platform, providing Cole Taylor
Bank with an end-to-end solution that will support improved customer
service. IBS is a highly flexible and open core processing solution to
accommodate financial institutions that need to easily integrate diverse
technology with minimal risk and disruption to their business operations
and to their customers. It is industry recognized for its robust
functionality, scalability and strong integration capabilities and is
the leading outsourced retail and commercial banking solution among
mid-tier U.S. banks. Cole Taylor Bank is one of Chicagoâs largest
independent commercial banks with $4.4 billion in assets.
mopay mobile payment solutions and G4BOX interactive entertainment have partnered to offer an mpayment option for consumers looking to purchase ‘Z8 Points’ for G4BOX’s Z8Games platform (www.z8games.com). Z8Games online destination for gamers to play the very best online games, including online military shooter, Cross Fire and dynamic-action massively multiplayer online role-playing game (MMORPG), Metin2, as well as access engaging community features and events. Z8 Points enable users of Z8Games’ line of online games to purchase in-game content and digital goods. mopay will enable Z8Games’ players in 36 countries to purchase Z8 points by entering their mobile phone number and have the charges billed directly to their phone accounts.Details
Euronet Worldwide posted first quarter revenues of $250.0 million, compared to $233.7 million for 1Q/09, while operating income hit $18.2 million, compared to $9.7 million for the first quarter 2009. Adjusted operating income was $18.2 million, compared to $15.2 million for the first quarter 2009; adjusted EBITDA was $34.6 million, compared to $29.7 million for the first quarter 2009; and net income was $2.8 million, or $0.05 diluted earnings per share, compared to net loss of $12.3 million, or $0.24 diluted loss per share, for the first quarter 2009. For Euronet’s EFT Processing Segment alone, revenues hit $48.6 million, compared to $46.2 million for the first quarter 2009; operating income was $9.7 million, compared to $12.0 million for the first quarter 2009; adjusted operating income was $9.7 million, compared to $7.6 million for the first quarter 2009; adjusted EBITDA was $14.6 million, compared to $11.8 million for the first quarter 2009; and transactions hit 187.4 million, compared to 153.3 million for the first quarter 2009. For complete details on Euronet’s fourth quarter results visit CardData (www.carddata.com).
Marilyn Benson has been appointed Mocapay SVP, national sales to lead the Mocapay sales teams with mobile-enabled marketing, gift, loyalty, and coupon solutions to national merchants. Bringing with her over 25 years’ payment and loyalty industry experience, Benson was an executive VP at Citicorp Diners Club where she successfully tripled the acceptance network to 1.7 million merchants. During that period, she led her team to deliver travel partners participation in the Club Rewards loyalty program, resulting in winning the Freddie Award for âBest Card Programâ for nine consecutive years. Prior to that, she held senior management sales and marketing positions at American Express. Benson currently sits on the Board of Trustees for the National Restaurant Educational Foundation.Details
Retailer Debenhams has selected “nuBridges Protect” to secure customer credit card numbers and comply with the Payment Card Industry Data Security Standard (PCI DSS), without expanding its IT infrastructure. Debenhams is leveraging nuBridges’ award-winning nuBridges Protect data security solution to handle the encryption and tokenisation of credit card information collected at its 159 stores located throughout the UK and Ireland, as well as its online store. nuBridges Format Preserving Tokenisation(TM) data security solution enabled Debenhams to implement tokenisation across its heterogeneous IT infrastructure throughout its retail, order management and data warehouse systems, without costly programming modifications to applications and databases or requiring additional computing resources to hold encrypted cardholder information.
Tokenised credit card numbers expose only the first four digits of the card numbers, which limits the incidences where the full card number appears to authorised employees, solving a key data security issue. Because nuBridges tokens retain the size of the original credit card number, applications and business processes run without modification while adding an extra layer of security to cardholder information.
CA-based ATM provider FTSI showcased the advantages of the NCR SelfServ family of
ATMs, Payment Card Industry (PCI) compliance, teller cash recyclers,
eCommerce and Solidcore ATM security solution during CONNECT 2010.
Highlights from the event included an examination of NCRâs new SelfServ ATM platform, led by Ted
Biedryck, Director NCR Financial Solutions Business Unit, West Coast,
who is responsible for sales and account management efforts for NCRâs
complete product line; Brett Campbell, NCR Manager Americas Marketing& Solutions
Delivery, exploring PCI standards that govern all North American
merchants and organizations; NCRâs APTRA software security Solidcore (which has yet to be
compromised), presented by Dennis Bellucci, Professional Services
Partner, NCR and live demonstrations of an NCR intelligent deposit
ATM, teller cash recycler and sessions pertaining to NCR’s Netkey Solution
Citigroup’s Global Transaction Services business has appointed Jay Hershman as the GTS Europe, Middle East and Africa (EMEA) Client Sales Management Prepaid Sales Head. In this newly created role, Hershman will lead the GTS EMEA Prepaid Sales Team to drive sales origination, cross-sell and customer revenue growth with a focus on providing the strategic direction and successfully transfer best practices to the EMEA region from other regions. Jay has been with Citi for six years, most recently as Team Lead for North American Reseller Solutions. In this time, he established and developed a prepaid reseller network that helped position Citi Prepaid as the preeminent prepaid provider in North America.Details
Bling Nation mobile payments POS solutions completed its SAS 70 Type II audit and its receipt of the related audit report. Bling Nation obtained the report from Ernst & Young following that firmâs completion of an independent assessment of the controls over the companyâs business processes. Statement on Auditing Standards No. 70 (SAS 70) is a widely recognized auditing standard developed by the American Institute of Certified Public Accountants, against which service providers report control activities and processes to customers and their auditors. Bling Nation selected Ernst & Young due to the firmâs global leadership and expertise in the industry. As part of the audit process, Ernst & Young closely examined and tested the operational environment and the companyâs internal controls.Details
A new report is forcasting that mobile marketing and retail sector, comprising mobile advertising, coupons and smart posters, will exceed $8 billion by 2012 globally. The report, “The Mobile Marketing and Retail Strategies”, issued by Juniper found that retailers were already starting to exploit the mobile channel through advertising campaigns on the handset and by issuing money-off coupons. The market for these two activities alone is forecast grow by half in the next two years. At CTIA Wireless 2010, more than 20% of the attendees were said to come from the retail space, showing that retailers were beginning to latch on to the potential of the mobile channel. Juniper believes that smart posters (which users can tap to obtain product information) will remain a niche sector within the overall market until NFC (Near Field Communications) capable devices are more widely used while the mobile advertising and mobile coupons markets will reach similar sizes. However, the report cautions failure to use targeted, location based advertising, particularly SMS advertising, may cause mobile users to regard such advertising as little better than spam. The report recommends that brands and retailers should consider geotagging their products and locations.Details
Marketing solution provider LeadO2 has launched “TopPointofSaleSystems.com”
to help businesses purchase POS systems. TopPointofSaleSystems.com will feature an array of exclusive content,
including an in-depth Buyerâs Guide, informative articles and a
directory of companies that provide POS software, hardware and services.
Visitors to the site will also be able to connect directly with point of
sale system suppliers through a quote request process.
“TopPointofSaleSystems.com” was designed to bring together both buyers and
suppliers of point of sale systems as part of the LeadO2 solution. POS
suppliers can utilize LeadO2âs services to expand their web presence and
receive targeted, exclusive sales leads from buyers interested in a new
POS system. LeadO2 clients not only receive premium placement within
“TopPointofSaleSystems.com” to promote their offerings, but also benefit
from high-converting, custom designed product sites, inclusion within
regular email campaigns and most importantly, managed, ongoing paid
search campaigns to drive additional leads.