Global Payments has entered into agreements with 13 U.S. and Canadian gaming establishments to provide its VIP LightSpeed suite of cash access products. VIP LightSpeed is an Internet-accessible, PC-based platform that provides cash access services for traditional and electronic check cashing, ATM check cashing, and credit and debit card cash advances. In addition, VIP LightSpeed provides high-speed processing of cash access transactions, reduces risk associated with check-cashing and cash advance services, and offers a full spectrum of management reporting tools.Details
Bend, OR-based RocketBux has partnered with ViVOtech to offer its mobile phone-based marketing services. Under terms of the agreement, RocketBux will be utilizing ViVOtech’s ViVOplatform version 3.1 to deliver its mobile advertising services to consumers. RocketBux provides targeted retail offers and coupons as well as enhanced loyalty programs from merchants to participating mobile phone users. The ViVOplatform software is designed to work with the magnetic and contactless payment cards and to integrate with ViVOtech’s contactless readers, Near Field Communication (NFC) and Over-the-Air (OTA) payment provisioning technologies. A recent report by data group eMarketer predicts global spending on mobile advertising at over $900 million in 2007. RocketBux, Inc. specializes in the distribution of coupons via mobile phones and location-based text advertising and rewards. ViVOtech is the market leader in contactless/NFC payment software, transaction processing and over-the-air (OTA) management systems and readers.Details
Clickandbuy, a payment system that supports both Internet retail sites and
retail customers, has announced it will receive funding from Intel Capital.
Intel Capital’s investment in Clickandbuy will support the companies’ plans
for global expansion and potential to reach over 100 million new customers.
3i, another investor, has funded Clickandbuy with 20million Euro.
More than 7,000 providers across Europe and in the United States
currently use ClickandBuy to process payments online and
more than 7 million end users pay for goods purchased on the Internet using
MA-based Cyphermint has introduced the “PayCash Mobile” platform, providing secure mobile banking and bill payment capabilities via cell phones and wireless devices. “PayCash Mobile” is designed to integrate credit, debit, stored value cards and bank accounts to facilitate payments and can also be linked to a stored value card, VISA, MC, AMEX and Discover or any merchant gift card that allows users to load funds into the account as well as withdraw money at an ATM. Transactions are protected by a user PIN. Cyphermint is a provider of electronic payment and e-commerce solutions.Details
CEO America and MAGENSA will demonstrate its secure transaction technology in conjunction with CREDITZ Digital Currency cards at the National Retail “Big Show” at the Javits Center in New York this week. MAGENSA enables financial cards with magstripes to be used as unique security tokens as part of a comprehensive PCI DSS and FFIEC compliant multi- factor authentication and data encryption platform for securing both Internet e-commerce and online financial transactions. CREDITZ is a digital currency and rewards program.Details
In agreement with MBF Credit Cards, JCB will expand operations in Malaysia. Expansion of operations
namely includes a larger merchant acquisition. The company hopes to
acquire 10,000 new merchants in Malaysia through out the year.
Furthermore, this expansion is going to increase convenience for JCB
customers who either visit or reside in Malaysia. MBF Cards is one of
the largest issuers of MasterCard since 1987 and is the only credit card
that gives access to instant discounts and rewards at 8,000 merchants
locally and 80,000. JCB began expanding its card business overseas in
1981. Its merchant network includes 14 million merchants and spans 190
countries and territories. JCB cards are now issued in 19 countries and
territories, with more than 59 million card members.
Oberthur Card Systems has appointed a new regional managing director for
the North American market. Martin Ferenczi will replace Phillipe
the companies’ American managing director. As one of the worlds’ leading
provider of card-based solutions, software and applications, Oberthur
had sales of
500.8 million Euros in 2005, 53% of which was revenue from card services &
payment. Close to its customers, the company benefits from an industrial
commercial presence across all five continents.
Comscore, a leader in measuring Internet statistics, has released
findings for the online habits of three European countries. During the holiday season, among France, Germany, and the U.K., the study shows that Germany spends the most time online. From October 30 to December 31, 2006, Germans spent 5.4 billion EUR shopping online. German spending was followed by U.K. consumers who spent an estimated 4.0 billion EUR online during the same period, and the French
spent an estimated 1.9 billion EUR. This compares to an estimated 18.8
billion EUR ($24.6 billion) spent in the U.S. during the holiday shopping period. More than 100 clients subscribe to comScore’s World Metrix service, including 8 of the top 10 interactive advertising agencies.
Retail e-commerce spending, excluding travel, increased 26% this holiday season versus 2005 to a record $24.6 billion. comScore Media Metrix reports that “Jewelry/Luxury Goods/Accessories” was the top gaining category in December, growing 21% for the second consecutive month to 21.9 million visitors. Other top gaining retail categories included: “Shipping,” up 19% to 34.6 million visitors; “Sports/Outdoor,” up 15% to 32.6 million visitors. “Retail-Food” was up 11% to 17.2 million visitors; “Computer Hardware” up 9% to 66 million visitors; and “Apparel,” up 8% overall to 61.9 million visitors. In December, Yahoo! Sites retained its number one ranking with more than 131 million unique visitors.Details
Alaric International’s “Fractals Merchant Monitoring” and “Anti Money
Laundering” solutions will be used to enable Ukash, the pre-paid cash
voucher supplier, to meet the Financial Services
Authority’s compliance needs. Alaric technology will provide the
monitoring. The regulations of FSA prevent money laundering and provide
monitoring with the use of scoring to determine the likelihood of
activity. Ukash provides pre paid cash vouchers to be cashed in various
Ukash vouchers are available at thousands of outlets across Europe and
used at a growing number of websites to purchase goods or services.
Alaric is a
leading supplier of advanced technology solutions for the card payments
providing card payment authorization, switching and fraud detection
JetPay has partnered with CardinalCommerce to integrate the Cardinal “AuthBridge” solution with JetPay’s payment transaction processing platform enabling JetPay to offer major payment brands such as Verified by VISA, MasterCard SecureCode, Bill Me Later, PayPal, SECURE-eBill, Western Union, and NACHA ro merchants. “AuthBridge” is a proprietary software adaptor that processes payment data by “bridging over” existing systems. CardinalCommerce Corporation is a provider of authentication services for banks, merchants, processors and financial services. JetPay provides POS and order-entry software applications, payment systems integration, data networking and communications technologies.Details
CashTechCard Systems has entered into a service and joint marketing agreement with Conectados to market CSI’s prepaid debit card program to members on Conectados.com network, a Spanish language social web based networking community. Conectados provides a free community website portal for members to create personal profiles, chat, upload music, video and pictures and create blogs to connect with people throughout the Spanish speaking world. Cash Technologies creates and markets stored-value card programs.Details