Global Payments posted a 17% gain in second calendar quarter revenue to $402 million. The growth was driven by new business in the U.K., 16% transaction growth in the U.S., and pricing initiatives in Canada. On a constant currency basis, revenue grew 27%. However, net income fell 6% year-on-year to $37.6 million for the quarter ending May 31st. Revenue for North America Merchant Services rose 3% to $275.0 million for 2Q/09. International Merchant Services for the quarter nearly tripled to $92.9 million. Second quarter revenue for the Money Transfer business declined about 15% to $34.1 million. GPN says that based on the current macroeconomic environment and reflecting its recent acquisitions, the Company expects fiscal 2010 annual revenue of $1.69 billion to $1.74 billion. In June, GPN acquired the remaining 49% interest in its merchant services joint venture in the U.K. from HSBC Bank. For complete details on Global Payments’ latest results, visit CardData (www.carddata.com). (CF Library 6/15/09)Details
Monitise Americas has launched the “Mobile Money” application for the Apple App Store. “Mobile Money” gives iPhone and iPod touch users simple access to their account information using a dynamic application that is easy to navigate and safe to use. Monitise Americas offers “Mobile Money” services throughout the U.S. with services ranging from an “essentials” package, which includes weekly balance texts and account updates, to an “active” package, which consists of real-time balance inquiries, mini-statements, account transfers, bill payments, same-day payments and more. Monitise Americas is a joint venture between Metavante and Monitise, a specialist in mobile banking technology.Details
PayPal is opening its global payment platform to third-party
developers with the release of new “Application Programming Interfaces.”
PayPal’s current payments network integrates 27 financial networks,
15,000 local banks, 190 global markets and supports 19 currencies.
Several developers have integrated PayPalâs new APIs as part of a beta
program. Some of these companies include Twitpay, a Twitter-based
payment service; LiveOps, with its new on-demand workforce service
called LiveWork; and Microsoftâs “Windows Azure” platform, a cloud
development environment. To promote the new APIs, PayPal is holding a
“Developer Conference” on November 3rd. During the second quarter
PayPal’s net total payment volume was $16.7 billion and global active
registered accounts increased to 75.4 million. During the second
quarter, PayPal handled 259.6 million payments. (CF Library 7/23/09)
IN-based Integra Bank and loyalty marketer Affinity Solutions have
rolled out the “RewardMe!” debit card cash rewards program. The
RewardMe! Program allows each debit card holder to earn cash rewards up
to 25% of the purchase price from national and local brand name
retailers when they use their Integra debit card to make purchases.
Based on the retailer, eligible purchases can be made in-store, by phone
and/or online. There is nothing additional that the
customer has to do. Cash rewards are automatically credited to the
customer’s Integra checking account each month.
The Western Union Company global payment services has appointed Wulf von
Schimmelmann to its Board of Directors to serve on the corporate
governance and compensation and benefits committees. To serve at least
until the next annual election of directors, with this development, the
board now consists of 10 directors. Currently serving as Chair of the
Supervisory Board of Deutsche Postbank; a member of the Supervisory
Board of Deutsche Telekom; a director of Accenture Ltd; a member of the
Supervisory Board of Maxingvest; and as Chair of the Supervisory Board
of BAWAG P.S.K., Schimmelmann was the CEO for Deutsche Postbank from
1999 to June 2007. During his service, Deutsche grew to become the
largest retail bank in Germany with almost 15 million customers.
Additional experience prior to 1999 includes his time as a member of the
Board of Managing Directors at BHF-Bank in Frankfurt am Main, as a board
member at Landesgirokasse-Bank in Stuttgart and as a partner at McKinsey
A new card design has entered the market that adds a degree of perspective and dimension to card designs that was previously not possible. The new “TerrainCard” Versatile Card Technology can include one or more raised levels with beveled or sloped edges, with elements of the design showing a combined profile of up to .030″ or more above the base surface of the card front. VCT says the first “TerrainCard” project grew out of a collaborative effort between VCT and Stored Value Solutions. The cards hit retail store shelves in June. VCT is the largest U.S. manufacturer of plastic cards. Stored Value Solutions processes 1 billion transactions for 600 clients and their 580 million cardholders annually.Details
CyberSource posted second quarter revenue of $62.9 million, a 13%
increase over 2Q/08. During the quarter, the Company processed a record
579 million billable transactions, a 29% year-on-year increase with a
total value of $28.6 billion. CyberSource signed a record 38,000 new
customers in the quarter, increasing the installed base to approximately
273,000 active customers. The European operations processed a record
146.3 million transactions in the second quarter, an increase of 67%
over the same period last year. CyberSource generated $19.3 million of
global acquiring revenue during the second quarter, up 2% over the
immediately preceding quarter and added 850 new acquiring customers
during the quarter, and now has approximately 5,900 global acquiring
customers. Also, the Company signed over 400 new ISO and affiliate
resellers in Q2. For the third quarter the Company expects total revenue
to be between $63.5 and $64.0 million. For more information on
CyberSource’s second quarter performance visit CardData (www.carddata.com).
Citi’s loyalty program “ThankYou Network” marks its fifth year by offering members five promotions to earn 5 times more points.
“ThankYou” members have opportunities to earn 5x ThankYou Points which include:
“Deal of the Week” that offers members a 40 to 50% discount on a selected reward each week; the
Bonus Center that offers 5x ThankYou Points when shopping
at select merchants in the ThankYou Bonus Center, with over 400 retailers at
thankyou.com; Citibank Promotion which gives ThankYou Members with a Citibank checking
account 500 Bonus Points for setting up their username and password on
thankyou.com or by calling 1-800-THANKYOU; Travel Promotion from Expedia and weekly discounted reward specials.
Toronto-based GuestLogix has signed a deal with Toronto Airport Express to enable the sale of ground transfer vouchers through its “OnTouch Ground Connections” service. “OnTouch Ground Connections” provides service at the top 50 airports. It is powered by the GuestLogix “Mobile Virtual Store” onboard transaction platform which accepts payment via credit and debit cards, and any currency. Transactions are performed in-flight using handheld POS devices which print ticket vouchers. Operated by Pacific Western Transportation, one of
Canada’s largest privately-owned people transportation companies,
Toronto Airport Express is the largest provider of bus services between
Pearson Airport and Downtown Toronto.
Barclaycard has launched its “Barclaycard Unwind”
website, offering registered Barclaycard
customers access to reserved tickets, one-off exclusive gigs, VIP
treatment and competitions to win tickets and music collateral. Thanks
to supporting sponsorship with Live Nation, Mercury Prize and Global
Radio, the “Barclaycard Unwind” website forms part of Barclaycard’s move
into music sponsorship, promoted to customers on barclaycard.co.uk,
through customer emails, statement inserts and an online advertising
campaign. Registering on the site allows customer access to exclusive
sessions through Mercury and Global Radio and exclusive ticket reserves
for Kasabian, Pet Shop Boys, Biffy Clyro, Bowling For Soup and Depeche Mode.
Consumer Health Technologies and TSYS Healthcare have partnered to offer streamlined payment solutions to enable
more convenient and cost effective healthcare purchases. TSYS Healthcareâs payment card solution offers end-to-end
functionality with greater automation, refined reporting and smoother reconciliation
capabilities, resulting in minimal error rates. The TSYS Healthcare
system will be integrated into CHT’s “BenefitSpan”, a total benefit administration and service aggregation
platform for healthcare administrators and financial institutions for managing HRA, FSA and HSA accounts.
Metavante Technologies reports that second quarter revenue rose 4% to
$440.3 million. Net income for the quarter jumped 41% to $51.9 million.
Financial Solutions Group revenue was $177.4 million, an increase of 8%
from 2Q/08, driven by higher core processing and eBanking revenue. The
Payment Solutions Group 2Q/09 revenue was $262.8 million, an increase of
1% over the year ago quarter. The company now expects organic revenue
growth at the lower end of its previous guidance range of 3% to 4%.
During the quarter Fidelity National Information Services completed a
deal to acquire Metavante Technologies for $2.94 billion.
Also, Metavante made the first live implementation of the MasterCard
“rePower” POS prepaid card reload service; Link2Gov announced the
availability of businesstaxpayment.com”, its new consolidated business
tax payment site; and released “Account Open” technology to enable
Consumer eBanking clientsâ banking customers to activate new deposit
accounts in real-time. For complete details on Metavante’s second
quarter performance visit CardData (www.carddata.com). (CF Library
4/1/09; 4/24/09; 6/18/09)