FiCentive prepaid card solutions now offers a Print-on-Demand for its corporate clients to allow for more flexible options to produce fully customized MasterCard cards. Custom cards can be delivered within days with no inventory costs or minimum commitments. The cards can be fulfilled instantly from a stock of cards that the corporate client maintains, or the corporation can forward personalized card orders for production via FiCentiveâs Card Management Portal. FiCentiveâs MasterCard Corporate Incentive Card offers can be used as either an employee incentive or as a consumer promotion, and provides ways for corporations to provide an easy-to-administer alternative to traditional incentive programs. Byseparating rewards dollars from a purchase discount, the FiCentive Customer Reward card intends to add a greater sense of customer appreciation.Details
Diebold Incorporated announced its multiyear ATM outsourcing and deployment agreement with ZAO Citibank, under which Diebold will provide ATM outsourcing services for a portion of Citibank Russia’s ATM network. These services include 24×7 monitoring, help desk, cash forecasting, counting and transport, software distribution and field maintenance services. Citibank’s ATM network in Russia will be expanded with the Diebold “Opteva 522” and full-function Opteva 328 models. All ATMs will be connected to a single monitoring center that controls the network’s operations and will monitor each device in real-time. Repair and modernization, software updates, and replenishment of ATMs with disposable materials and cash will be fulfilled by Diebold’s technical support divisions in Russia.Details
ScanSource POS, communications, and electronic security products has posted its performance for the quarter ended March 31, 2010, showing net sales of $496 million and net income of $12.0 million. For the quarter, net sales increased 27.3% to $496 million compared to $390 million for the quarter ended March 31, 2009. Net income increased 30.2% to $12.0 million for the quarter ended March 31, 2010 versus $9.2 million for the quarter ended March 31, 2009. Diluted earnings per share increased 28.6% to $0.45 in the current quarter compared to $0.35 in the prior year quarter. ScanSource expects net revenues for the June 2010 quarter could range from $530 million to $550 million.
SCANSOURCE NET INCOME
Zong mobile payment service, used primarily by online gaming and social networking websites, has completed a $15 million round of funding led by Matrix Partners. Formerly a division of Echovox, Zong is now a standalone company and will use the investment to further market leadership by accelerating the growth of its merchant network in US and international markets and through funding the rapid expansion of its mobile carrier network. Zong is the mobile payment provider for Facebook Credits, a new virtual currency platform being deployed across the Facebook network of over 400 million monthly active users.Details
Hikmet Ersek has been named Western Union President and CEO and will sit on the Board of Directors. Prior to joining First Data Corporation, the former parent company of Western Union, in May 2002, Gold was president and CEO of telecommunications and e-commerce services provider Excel Communications. She also had a distinguished career with Avon where she served as president, Avon North America, and was credited with a significant turnaround of the U.S. business. Ersek joined Western Union in 1999. Before then he held executive positions at GE Capital and Europay/Mastercard. He holds a degree in Economics and Business administration from the University of Economics in Vienna.Details
M2M wireless data network provider Velocita Wireless steps up support for
Mobitex-enabled wireless Point of Sale (POS) terminals with free software
upgrade. Additionally, Velocita will offer credit card transactions on the
Lipman Nurit 8000 that are
data-in-motion compliant with PCI and DSP guidelines to be enforced in
July 2010. The RIM 950 and 957 terminals Velocita supplies are already
software compliant. Customers who are using the Lipman Nurit 8000 terminals on the Mobitex
network can upgrade their software for PCI compliance by contacting
Velocita Wireless for assistance in a seamless transition to
a certified solution.
Fiserv Research has shown 70% of consumers are interested in personal payment service, 75% would prefer a service offered by their financial institution, and 83% say it’s important for money to be deposited directly into a recipient’s bank account. In response, Fiserv’s new service, built into the “CheckFree RXP” online bill payment service used by more than 3,100 financial institutions and 16 million consumers, now allows financial institutions to allow consumers to quickly move funds amongst their existing accounts. More than 40 institutions, including two of the top 10 credit unions in the U.S., have already committed to offering the service at launch. The personal payments service from Fiserv allows users to send or receive money person-to-person (P2P) using their existing online banking relationship and is scheduled to be available in the summer of 2010.Details
Merchant account processor Merchant Warehouse has integrated the “MerchantWARE 3.0” with Poseraâs “MaitreâD” restaurant POS software.
MaitreâD encompasses payment and security solutions that provide restaurant managers with the tools that they need to streamline their operations and facilitate the payment process all in one flexible business system. The integration of MerchantWARE with MaitreâD enables merchants to take control of their payment processing needs by providing them with the option to select Merchant Warehouse through the use of an Electronic Funds Transfer (EFT) module. Additionally, MerchantWARE is compatible with the most recent release from MaitreâD as well as all previous versions. MerchantWARE is a PA-DSS validated secure payment processing solution that ensures developers and merchants can meet PCI compliance requirements and complete secure data transactions. MerchantWARE uses tokenization and SSL for all transactions as well as end-to-end encryption. Merchants can often achieve and maintain PCI compliance more quickly and at less of an expense using a MerchantWARE solution. Poseraâs customer list includes Dunkinâ Donuts, KFC, Pizza Hut. The integration of MerchantWARE is available for all MaitreâD products in their solution areas, such as Table Service, Quick Service and Bar and Pub Service.
Nigel Lee has been named executive VP of MoneyGram International’s EMEAAP region, overseeing Europe, Middle East, Africa and Asia Pacific. In his new role, Lee will concentrate on growing MoneyGramâs business across the region, which currently includes nearly 130,000 agent locations, spans 147 countries, and accounts for 30% of MoneyGramâs total revenue. Lee was previously president of First Data Asia Pacific since 2005, where he created a profitable Asia Pacific business. Previously, Lee served as regional VP, financial services for EDS in Hong Kong, held a variety of senior executive positions for Australian Home Loans and began his career as a management consultant with Accenture. He holds a masterâs degree in Chemical Engineering from Imperial College in London, an MBA in Marketing and Finance from Manchester Business School and is a Chartered Member of the Institute of Marketing in the UK.Details
Cardlytics and Vesdia have partnered to provide banks a comprehensive approach to delivering merchant-funded rewards and retailers access to additional marketing platforms. Allowing banks to provide targeted rewards based on customers’ debit, credit and bill-pay transactions, as well as deploy a broad-based rewards strategy that includes online malls and multi-channel marketing, the program is fully merchant-funded and allows banks to deploy an effective loyalty program at no fee. Vesdia and Cardlyticsâ partnership marketing programs offer merchants the ability to reach valuable consumers in targeted loyalty programs through models that deliver measurable results versus traditional advertising activities. The partnership combines a networks of local, national and online retailers for targeted promotional offers to consumers through their online banking statements based on actual transaction data, giving participating merchants direct access to one of the largest, most untapped and precisely targeted digital audiences available.Details
Q1 Labs security intelligence solutions has announced a major push into the European market with the establishment of a new European distribution, R&D, sales and support center and new senior management staff in the UK, France and Germany. Q1 Labs has doubled its customer base in one year and now has more than 1,000 customers worldwide including over 250 in Europe, is one of the fastest growing vendors in the SIEM space. It currently has two major OEM relationships with Juniper and Enterasys, as well as numerous partners worldwide. In March, Invest Northern Ireland announced that Q1 Labs will establish its new EMEA Headquarters in Belfast, where it will recruit around 50 staff to adequately meet demand from the region. The new facility will support the strong growth in EMEA, which accounts for over a quarter of its global customers, since it launched its products in the region in 2008. Q1 Labs also has respected partners including ATM in Poland, Eurosel in Italy, Ymon in Finland, as well as multinational partners, including Integralis and Axians.Details
Site Modules is an Online Payment Solution and Client Management System that provides advanced online services for your business. It allows users to provide customers a login page, process payments, to make payments online with a credit card or check, submit issues to, view documents and add other advanced options. Site Modules also provides enhanced online functions for websites. With today’s users expecting more than an informational static page from a website, Site Modules allows users to process online Checks and Credit Cards for transaction fee nor percentage for the transaction amount for check processcing.Details