USA Technologies Reports 2Q/10 Results

USA Technologies supplier of networked devices and wireless non-cash transactions has reported an increase installed base by 47%, with approximately 63,000 devices connected to its USALive network for its fiscal 2Q ended December 31, 2009. This figure is up from the 43,000 devices connected in the year ago period while transaction volume itself increased approximately 61% to 8.2 million transactions from 5.1 million transactions in fiscal 2Q/08. Additional findings show, since the year-ago second quarter, the dollar volume of transactions processed was up 42% to $15.0 million from $10.6 million and total revenues increased 41% to $3.8 million from $2.7 million; SG&A expenses increased approximately $1,081,000 compared to the year-ago second quarter due to expenses related to the proxy contest, related litigation and settlement; customers using the e-Port Connect service increased to approximately 775; its “Quick Start Program” accounted for 31% of e-Port equipment sales; and net loss for the 2009 quarter was $4.2 million compared with $3.4 million the year ago period.

4Q/09 3Q/09 2Q/09 1Q/09 4Q/08
Units Installed 63,000 57,000 52,000 48,000 43,000
Transactions (mm) 8.2 7.4 6.7 5.7 5.1
$ Value (mm) $15.0 $14.6 $13.5 $11.3 $10.6

Details

Gemalto Launches Globally Accepted Payment Card for U.S. Travelers

Gemalto digital security has introduced its “World Traveler” program. With a globally accepted dual interface EMV payment microprocessor card and complete issuance service for U.S. banks and card issuers, the “World Traveler” program allows any U.S. issuer to provide cards to their customers in under two months, ensuring secure and hassle-free payments while traveling internationally and at home. The card program provides U.S. banks and card issuers with a complete end-to-end portfolio of service offerings including return on investment (ROI) and technical consulting to ensure a quick and easy introduction of this product to their top tier customers. EMV is a global standard for chip card payment managed by Visa, MasterCard, American Express and JCB.

Details

Aite Focuses on Trends to Impact Banking in 2010

Aite has released a new report that focuses on ten trends that will impact the banking industry in 2010.
Political, regulatory, and economic forces have put pressure on the
business model of U.S. banks to evolve or fall behind and
impact every facet of the banking and payments arenas. The space is
simultaneously experiencing changes in credit card-issuing practices
(Credit CARD Act ), stricter overdraft regulation (regulation E),
overall scrutiny and political pressure regarding bank fees, political
and regulatory pressure against payday lending and any form of
alternative financial services, merchants’ lobbying for interchange
regulation, the prospect of sustained high unemployment around 10% in
the foreseeable future, the deterioration of creditworthiness of large
swaths of consumers and small businesses, and regulators’ pressure on
banks to raise their capital ratios.

Details

Radiant Systems Introduces POS Theft Deterrent Application

Radiant Systems has launched its “Aloha Restaurant Guard” hosted application, already having been implemented in more than 3,000 quick service and table service restaurant locations. Analyzing POS data and transactions to identify common restaurant employee scams and fraudulent activities, the new solution helps restaurant operators better control operations and increase profit by as much as 5%. The “Aloha Restaurant Guard” back office application allows restaurant operators to gain visibility into potential theft that occurs in their restaurants, monitoring all POS activities in real time to generate reports that identify trends consistent with more than a dozen restaurant scams to help stop profit losses and minimize the effects of fraudulent behavior. The reports also give operators insight into their best and worst performing employees. Radiant Systems is a global provider of innovative technology to the hospitality and retail industries.

Details

GEMALTO & KIM-2000

Gemalto has delivered double-slot readers and smart cards with the associated middleware to KIM-2000, a local company specialized in eHealth projects. KIM-2000 acts as prime contractor for the electronic health record system commissioned by the Military Medical Academy. The Gemalto card is compliant with the Identification Authentication Signature (IAS) European standard to ensure the highest level of security for accessing personal electronic health records. The patient and the healthcare professional simultaneously insert their own card into the double-entry Gemalto reader and type in their PIN code to enable viewing or modifying of the medical file, which is stored on a highly secure IT infrastructure. The patient can also view their personal data online, using the Gemalto reader and card to authenticate themselves. This innovative system optimizes medical treatments, simplifies and modernizes procedures and increases security for accessing health information.

Details

Western Graphics & Data Debuts Secure Card Packaging

Secure card personalization provider Western Graphics& Data has introduced “Guardit” secure card packaging.
The package designs feature internal glue traps, custom die cuts, and
special materials that make it ineffectual to reseal the package once it
has been opened. For convenience, cards can be activated via mag stripe
or barcode, and a correlating number is printed on card and package, for
increased security against card “swapping.”

Details

PANNON & ZTE

Telcommunication provider ZTE Corporation has been selected by Pannon, part of the Telenor Group, to build its commercial LTE trial network. Under this agreement ZTE will provide an end-to-end solution, including radio and core infrastructure as well as end user terminals. The trial agreement will allow Pannon to test peak rate. ZTE is a leading global provider of telecommunications equipment and network solutions. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries.

Details

ICAP Ocean Tomo to Auction Smart Card Portfolio

Intellectual property broker ICAP Ocean Tomo is set to auction a smart
card technology patent portfolio.
The patents of this portfolio describe a
‘hybrid’ smart card design that incorporates integrated circuit and
magnetic memories for storing data. U.S. patent 7,591,427 describes this
‘hybrid’ design
which utilizes a matrix of electronic conductors for writing data on
magnetic stripes. Each electronic conductor can be used to write
multiple bits, thus reducing the total number of electronic conductors
needed on each smart card. U.S. patent 7,591,426 enables the reading and
writing of data to take place on magnetic stripes using a similar matrix
to the patent described above. ICAP is a interdealer broker and provider
of post
trade services that matches buyers and sellers in the wholesale
markets in interest rates, credit, commodities, foreign exchange,
emerging markets, equities and equity derivatives through voice and
electronic networks.

Details

Montise Makes Available Android Mobile App

Monitise Americas is set to launch the “Mobile Money” app for Google Android phones.
Monitise’s Mobile Money Android app will soon be available as a free
download from the ‘Android Market’ and will be compatible with all
Android devices. The Monitise Android app will be powered by Monitise’s secure Mobile
Money Manager platform. This has already been chosen by over 200
financial institutions in the UK and US to provide mobile banking and
payments services to their millions of customers across over 2000
different handsets. The bank grade security and use of existing banking
infrastructures inherent in the platform means that customers can use
Monitise mobile applications from their bank with confidence.
Monitise’s full range of account management, payment and commerce
services will be available on the new Android app. Monitise Americas
provides mobile banking and payment services to North American financial
institutions predicated on an “ecosystem” principle, which allows
multiple mobile carriers and financial institutions to deliver services
over a single platform.

Details

CSR Appoints Semiconductor Expert SVP of Product Development

Klaus Buehring has been appointed as the CSR SVP, product development, bringing with him 25-years semiconductor experience. In his new role, Buehring will oversee development of all core CSR products, including commercial silicon and core software products. He has been responsible for the successful launch of many “industry first” technologies as senior vice president and general manager of the RF, Analog & Sensor Group at Freescale Semiconductor, where he led the turnaround of the company’s billion dollar Radio Products Division. He also served as VP and GM of the Power Amplifier Division at Skyworks Solutions following his role in the same position at Conexant Systems.

Details

Nuance Mobile & Vesta Corporation Integrate Platform Application

Nuance Communications and Vesta Corporation electronic payments have partnered to co-promote and integrate Nuance’s Mobile Care application with Vesta’s Mobile Payment Platform. The partnership seeks to offer a comprehensive payment service to mobile operators worldwide and expand the on-device self-service capabilities of Nuance Mobile Care by enabling the subscribers of mobile operators to quickly and seamlessly make payments and handle other payment-related functions directly through their mobile handsets. Expanded functionality includes bill presentment and account balance, balance alerts, bill payment, prepaid top-up, payment history and enabling general account inquiries. The partnership is also designed to cutback on wait times

Details