Radical Studios Launches Dynamics ePlate Comics Reward

In conjunction with this past week’s Dynamics release, Radical Studios launched its Radical Comics experience reward for the battery-powered Dynamics ePlate credit card device. This allows consumers to earn Radical Comics-related products with every purchase. The Radical Comics experience™ reward allows consumers to earn comic book images by making purchases with their Dynamics ePlate credit card device. As sets of images are collected, consumers can redeem the sets for items such as graphic novels, autographed lithographs, and autographed comic books once they sign up for he offering.

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USA Technologies to Achieve Profitability Milestone

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced it expects a major milestone with its fiscal 2Q/13 financial results. That’s because the Company is expecting to achieve non-GAAP net income”for the first time”for its second fiscal quarter ended December 31, 2012 (see Non-GAAP Financial Measure below for definition), following aggressive actions taken by management throughout 2012 to accelerate USAT’s “path to profitability”. Total revenues for the second quarter are expected to be in the range of $8.8 to $8.9 million, reflecting an approximate increase of 29% compared to the same period in the prior year.
Recurring revenues for the second quarter are expected to be approximately 83% of total revenues for the second quarter. Total net connections added in the second quarter, which contribute to future recurring revenues, are expected to be approximately 12,000, an increase of 71% from the same period a year ago.

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HSBC Welcomes Back Payments Head

HSBC’s Global Payments and Cash Management (PCM) business welcomes back Rani Gu to lead its Financial Institutions Group (FIG) team in China. She will be responsible for the delivery of Cash Management solutions and services to international financial institutions in China, thereby driving an integral part of HSBC’s growth strategy for its FIG business globally. Rani spent the last seven years at Citibank where she held various senior roles focussing on the financial services sector including, most recently, being responsible for their RMB strategy and product development.

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LML Payment Systems’ Shareholders Approve Acquisition

LML has received shareholder approval for the proposed plan of arrangement with Digital River, by which Digital River will acquire all of the issued and outstanding common shares of LML. This in exchange for U.S. $3.45 in cash for each LML Share. Each holder of an option or warrant to acquire LML Shares will receive a cash payment per option or warrant equal to the difference between U.S. $3.45 and the exercise price of the respective option or warrant. Approved by a special resolution of shareholders of LML at the special meeting, the special resolution required affirmative votes from 66 ²/3% of votes cast in person or by proxy by holders of LML Shares. An affirmative vote was cast by 96.34% of shareholders represented in person or by proxy at the Meeting.

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YourCash Awarded Genting Casinos ATM Deal

YourCash payment technology for ATMs and cash management will continue deploying ATMs at Genting UK casinos. Genting UK is part of the Genting Group which celebrated its 45th anniversary in 2010, and has grown into a truly global business with interests spread across the world. Genting UK is the largest casino operator in the country with over 40 casinos located from Edinburgh to Plymouth.

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WorldPay Partners Epay on Streamline Processing

Epay have partnered with WorldPay to allow retailers the ability to process credit and debit card payments through their epay terminal using their Streamline technology. Not only will retailers benefit from earning excellent commission rates from existing products, epay retailers can now also increase spending from customers who prefer to make purchases using their credit/debit cards, whilst processing card payments at competitive rates. In addition to providing payment processing for all major debit and credit cards including MasterCard and Visa, epay’s new terminal with Streamline technology also offers a range of card payment options to process transactions in a face to face environment using fixed, portable, and mobile card acceptance devices. epay’s new VX 520 terminal with built in card processing technology can also be connected to broadband to bring transaction speeds down to as little as two seconds.

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Hengbao Latest GlobalPlatform Observer Member

GlobalPlatform announced Hengbao Corporation as its latest Observer Member. Hengbao smart card products and technology solutions which operates across the banking, telecommunication, identity and internet of things markets – will direct its attention towards GlobalPlatform’s Task Force initiatives. These groups define specific market requirements and assess how GlobalPlatform’s Specifications can be advanced in line with future needs.

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Discover Spending Monitor Loses Footing Again

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor continued its 2 month skid, down 4.3 points in December to 91.1 due to lower spending intentions following the holiday season and economic uncertainty amongst consumers. With it, those expecting an improving economy declined 3 points to 32% while there was a 3-point decline in the…

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Geezeo Inks Partnership With $ New FCUs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Geezeo, a leading FinTech firm that offers online financial management (OFM) tools, personal financial management (PFM), and web-based, data-driven marketing platforms to financial institutions, announced that American Greetings Federal Credit Union, Florida Transportation Credit Union, Congressional Federal Credit Union, Wings Financial Credit Union and Linn Area Credit Union, will integrate Geezeo’s…

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Dynamics Showcases Cutting Edge Credit Card Device

Dynamics announced its ‘credit card of the future,’ altering consumer’s everyday spending from the typical payment card to an interactive, real-time reward experience. The Dynamics ePlate device is a battery-powered, computerized credit card that allows users to securely and instantly choose from more than 35 reward experiences using two mechanized buttons on the card programmed through a mobile app platform. The card is connected to an ecosystem of experience™ providers that each deliver a unique experience™ reward to the consumer. When making a purchase, a consumer simply presses a button on his/her ePlate™ credit card device to receive the experience™ reward associated with the pressed button. At any time, a consumer may change online the experience™ rewards associated with the different buttons on his/her ePlate™ credit card device. The credit card rewards are called experience™ rewards because experience™ rewards are the first rewards to be delivered instantly, within seconds of a purchase, to the consumer.

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Fiserv Implements Aconite EMV Manager

Fiserv implemented Aconite’s Smart EMV Manager solution to further enhance its EMV card processing systems with advanced capability. This provides Fiserv a single solution that could be deployed in a standard way to provide a consistent EMV migration experience for their thousands of card issuing clients in the U.S. Smart EMV Manager will help Fiserv lead the field in EMV capability and introduce value-added EMV services in future. Smart EMV Manager is one component of Aconite’s integrated solution family that encompasses chip card and token lifecycle management, NFC Mobile management and advanced PIN management.

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ACI Worldwide Improves Wholesale Banking Solution

ACI Worldwide launched its “Money Transfer System 5.0” wholesale banking solution, designed to give financial institutions flexibility in defining and managing their payment processing flows. This was developed as the result of a large scale collaborative effort between ACI and a number of its customers whose design input and suggestions were included in the final version. Money Transfer System is one of many ACI products in the company’s broader payments platform to deliver on this approach. It also provides Repair Reporting to explain to customers how to correctly format transactions in order to reduce expensive repair activity; SWIFT Network Validation Kit validation on messages received through a back-end interface; and Expanded Global Clearing Channels, expanding the suite of global clearing channels available.

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