VeriFone has certified three scanners from Intermec Technologies Corp. for use with the VeriFone Ruby SuperSystem including the MaxiScan 2220 and 2210, and the ScanPlus 1800 Vista. The VeriFone Ruby SuperSystem combines card processing, fuel dispensing, dispenser card reader control, and ECR functions for petroleum/convenience-store operations. The Ruby software provides universality as it interfaces with a variety of peripherals including more than 50 back-office software systems and 30 major oil and generic hosts.Details
San Jose-based @pos confirmed this morning that it is selling substantially all of its assets to Hand Held Products. Under terms of the deal, HHP will acquire @pos’ intellectual property, accounts receivable, customer contracts, furniture, fixtures and equipment. The purchase price is $5 million in cash plus the assumption of @pos’ balance sheet liabilities subject to certain adjustments. HHP is a privately held company dedicated to the design and development of affordable, high performance, image-based data collection systems for the retail, transportation, postal, warehousing, logistics and manufacturing markets. The OTCBB-traded @pos delivers technologies that include signature capture pads, web-enabled platforms, smart card interfaces, and encryption engines supporting DES and Triple DES, in addition to offering an extensive suite of software tools.Details
Las Vegas-based Security Asset Capital Corp. has opened The Debt Registry, an online registration system that provides a tracking service to verify the history of registered debt accounts, validate ownership, and conduct due diligence on potential transactions. Expanets, a partner business of Northwestern Corp., and the core business in NorthWestern Communications Group, provided the design, installation and maintenance of the infrastructure that enables The Debt Registry to securely store and track hundreds of millions of transaction records.Details
Providian has hired Richard Lewis of Ford Motor Credit as Chief Credit Officer. At Ford Motor Credit, he was responsible for credit risk management strategies associated with Ford Motor Credit’s North American automotive loan portfolio. Prior to that, Lewis spent 10 years with Fair, Isaac & Company, where he held various positions, including leading that company’s acquisition and investment strategies.Details
Official Payments Corporation announced that Newport, Rhode Island has authorized OPAY to provide services enabling citizens to make credit card payments for various taxes and fees including real estate, personal property, and motor vehicle taxes, parking tickets, traffic citations, municipal court violations, and water bills. Last year, Newport collected more then $54 million in these tax and fee types. Newport, known as Yachting Capital of the World, draws over four million visitors each year. Official Payments also collects taxes on behalf of the cities of Coventry, East Greenwich, Portsmouth, Tiverton, Warren and West Warwick as well as the Rhode Island Department of Revenue and the Internal Revenue Service.Details
Ingenico has introduced a customer-activated payment terminal with integrated EMV approved smart card reader, for use by U.S. major multi-lane retailers. The Elite 640 supports credit, check cards, debit cards, EBT, loyalty, gift cards, phone cards and smart card-based transactions. Available with the integrated EMV approved smart card reader is an optional four SAM slots. The Elite 640 exceeds INTERAC and VISA SPED specifications for transaction security. The Elite 640 features a simple keypad, large LCD display, a backlit LCD display, and 4 screen addressable keys.Details
Equifax has named Mark Miller, formerly of Cendant’s Galileo International, as president and COO. Mr. Miller, 42, will lead Equifax’s day-to-day operations, with the heads of North America, Latin America, Europe, Direct to Consumer and Technology reporting to him. Mr. Miller brings more than 20 years of leadership experience in high growth, rapidly changing industries, most recently as president and chief executive officer of Galileo International, a division of Cendant Corporation.Details
Oslo-based EPSYS and the French company XIRING have teamed to market transaction security solutions in Norway. The co-operation between both companies has already taken shape through
the development of smart card applications by EPSYS on the new XIRING platform: the Xi-Max. EPSYS can work with all the international smart card standards and has a full understanding of electronic purse systems. EPSYS has delivered hardware and software to all major smart card projects in Norway like Lotto online betting, health cards for pregnant women, and an electronic ID logon solution for the insurance company Storebrand.
Hypercom, CVS , and the National Center for Missing & Exploited Children have partnered to use card payment terminals to locate missing children. A pilot at four CVS pharmacies in Chicago is planned next month during which images and vital information about missing children will be displayed in full-color on Hypercom’s new ICE terminals. Unlike conventional payment terminals, the ICE 6000 terminal has a 6-inch color touch screen facing the consumer. The display can be used to display missing children information, payment information, and information about purchased items as they are scanned at the register. NCMEC says nearly 2,000 children are reported missing in the U.S. every day.Details
A new program announced will enable customers from Canada, the United Kingdom, Japan, Australia and the Euro-zone countries to pay American merchants with their VISA or MasterCard in their local currencies while allowing merchants the ability to benefit from lower international credit card transactions processing costs. First Horizon Merchant Services and Planet Payment’s POS Currency Conversion Program
clears the transaction through the card association in the currency in which the card is billed. First Horizon says the exchange rate is competitive to that which is used by the card associations and issuing banks as well as other payment methods popular for international travel and purchases. First Horizon Merchant Services is a wholly owned subsidiary of First Tennessee National Corporation. New York-based Planet Payment provides multi-currency payment solutions for merchants and cardholders worldwide.
IL-based Versatile Card Technology has launched a new series of hi-tech cards utilizing QualTeq’s patented metallized film process. VCT’s “Versafoil” cards consist of white PVC covered by a glossy overlay foil. The metallized laminate is produced in a vacuum metallizer by spraying liquefied aluminum onto a clear film. The “Versafoil” card can accept all components of a transaction card including magnetic stripes, signature panels, personalization, and security holograms because the foil is beneath the inks that then host a standard clear PVC overlay. To avoid scratches, the cards are shipped in specially prepared boxes. Other features include embedded chips and encoded magnetic stripes. VCT produces more than 800 million cards per year.Details
eFunds has named Thomas Liston as Interim CFO to replace Paul Bristow, who is leaving eFunds this week. Liston has held a variety of senior finance and Chief Financial Officer positions in the retail segment and most recently has served as Interim Chief Financial Officer for PETsMART, Inc., in Phoenix, Arizona.Details