VeriFone Partners Gilbarco Veeder-Root

VeriFone Systems is partnering Gilbarco to offer next generation forecourt payment solutions and to create the largest at-pump interactive digital media network worldwide. The two companies will collaborate on future fuel dispenser payment platforms to be developed and supplied by VeriFone. The solutions will meet convenience and fuel retailers’ functionality and regulatory needs in an increasingly complex payment ecosystem, as well as offer at-pump media advertising and entertainment.Gilbarco will become the software and solutions integration lead and sales and service provider for forecourt payment systems developed under the partnership. The companies will work together to transition the payment electronics in Gilbarco’s global dispenser product lines to VeriFone technology.

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Jack Henry Posts Income Up 14% Y/Y

Jack Henry & Associates announced fiscal FY/14 revenue up 7% from the year ago figure to $1,210.1 million and gross profit increased 9% to $518.6 million. Net income rose 14% compared to the prior fiscal year to $201.1 million. The company generated total revenue of $310.9 million compared to $298.1 million in the same quarter a year ago. Gross profit increased to $132.6 million from $124.2 million in the fourth quarter of last fiscal year. Net income in the current quarter was $50.6 million, or $0.60 per diluted share, compared to $47.7 million, or $0.55 per diluted share in the same quarter a year ago. Total revenue of $1,210.1 million was generated compared to $1,129.4 million in fiscal 2013. Gross profit increased to $518.6 million compared to $477.0 million during last fiscal year. Net income for the current year was $201.1 million, or $2.36 per diluted share, compared to $176.6 million, or $2.04 per diluted share for the prior year.

License revenue for the fourth quarter increased to $13.1 million, or 4% of fourth quarter total revenue, from $12.1 million, or 4% of fourth quarter total revenue a year ago. All components of support and service revenue grew in the quarter compared to the prior year and increased 5% to $283.6 million, or 91% of total revenue in the fourth quarter of fiscal 2014 from $269.9 million, or 91% of total revenue for the same period a year ago. Hardware sales in the fourth quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal ye quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal year. Hardware revenue was 5% of total revenue in both periods.

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Virtual Gift Card

Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.

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Atmia Publishes ATM Accessibility Recommendations

Atmia has published new international industry recommendations for maximizing the ATM user interface (UI) for about 2.4 million ATMs worldwide. Focused on recommendations regarding the accessibility, speed, operability, and security of ATMs, the manual shows how new interface technologies, such as tactile and multi-touch capabilities, biometrics and HTML 5, allow concepts usually applicable to mobile devices and tablets to be extended to ATM UIs. ATMIA has based the comprehensive set of new recommendations on inputs from deployers, software and hardware manufacturers, technical experts, processors, researchers and card issuers.

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Orient Finans Bank implements Tieto Card Suite

Orient Finans Bank has implemented Tieto’s Card Suite solution, ensuring issuing of MasterCard payment cards and their acceptance service in the bank’s terminals. Tieto Card Suite is a technology platform that will be used by the bank for interaction with MasterCard payment system, providing a complete payment card life cycle, processing of transactions committed in the bank’s POS terminals, and assuring secure settlement for customers using payment cards. Orient Finans Bank can now be an independent participant of the payment card market, reduce operational expenses, attract new customers and increase trust among the existing clients.

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P2P Bitcoin Lending Lands Funding

Bitbond bitcoin P2P lending announced its seed funding round led by prominent European early-stage VC Point Nine Capital. Bitbond’s peer-to-peer bitcoin lending platform lowers the barriers for small businesses to receive financing. Bitbond will use the seed funding round to build a team of programmers, enhance the functionality of its platform and intensify its marketing activities. The funding round marks Point Nine Capital’s first investment in a bitcoin startup and its confidence in the world’s largest crypto-currency. The Berlin-based VC specialises in investing in SaaS startups and digital marketplaces. By connecting borrowers and lenders directly, borrowers receive loans at affordable interest rates, while lenders gain higher interest rates compared to other fixed income asset classes.

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UniPay Embarks on New Market

United Thinkers open-source Payment Management Software provider has partnered for expansion. Its UniPay Gateway facilitates transaction processing in Europe, North America and Australia, while in the future the company plans to expand its transaction processing operations to South America and Africa through its Partnership Licensees. The UniPay platform facilitates transaction processing on an open-source nature, affordable cost, and richness of offered feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations. The UniPay UniCharge Module is an advanced Processing and Remittance Engine supporting advanced functionality needed for transaction processing while the UniPay UniBill Module supports sophisticated Recurring Revenue Management capabilities, including Recurring Billing Support for any Payment Plan, Decline Recycle, Retry, and Recovery, Automated Credit Card Update Services, Automated Reserve Management, as well as Integrated Collections Management.

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HyperWallet Announces Latest Market Expansion

HyperWallet has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. With hyperWALLET, corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies. With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. The global payment platform lets users send mass manage their funds with their e-wallets, bank deposit, prepaid cards, cash pickup and via mobile phone.

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TSYS Announces Online Tokenization Solution

TSYS announced its Enterprise Tokenization solution to secure payment card information for purchases made online, through mobile devices and “digital wallet” applications. The solution is a key component of the company’s Connected Mobility agenda which includes API interfaces and consumer-facing applications to support payments, communications and commerce. To truly secure mobile commerce and provide increased protection against unauthorized account use, including that stemming from data breaches and other forms of fraud, TSYS Enterprise Tokenization protects card data by substituting a card’s Primary Account Number (PAN) with a token. The token acts as a substitute value for the actual PAN, while the data is in flight and at rest inside an issuer’s or retailer’s systems. The true PAN value associated with the token can be identified at any time with the right decryption keys. This preserves the length and format as the original PAN, and is no different from standard payment card information for transaction processing systems, applications, storage and tools.

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Montana Visa Rewards Credit Card

The University of Montana Alumni Association (UMAA) and Commerce Bank have come together to offer UMAA members a Visa Signature® rewards credit card. The card offers Signature Rewards with high reward point values, unlimited earnings and bonus point opportunities as well as no annual fee. The University of Montana Alumni Association was founded in 1901 and now serves nearly 100,000 alumni across the country and around the world.

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ACI Completes Retail Decisions (ReD) Acquisition

ACI Worldwide has completed the acquisition of Retail Decisions (ReD) fraud prevention solutions. ReD is a leading ecommerce and fraud prevention company serving the payments industry. Its suite of solutions helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ACI now expects ReD will generate approximately $18 million in revenue and $4 million in adjusted EBITDA for the remainder of 2014. They also expect non-GAAP revenue of $254 to $264 million in the third quarter.

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