Euronet Worldwide global electronic payments provider and distributor acquired Pure Commerce cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Pure Commerce provides a range of currency conversion payment and multi-currency acquiring services for point-of-sale terminals, online applications and ATMs in high foreign card volume locations primarily across Asia Pacific and Europe. This acquisition allows Euronet to offer industry leading currency conversion and multi-currency acquiring products to global, local and online merchant acquirers, banks and retailers, and also extends Euronet’s operating markets. Pure Commerce has developed patented, best-in-class point-of-sale processes and displays that provide consumers with more convenient, transparent transactions.Details
Ingenico payment solutions and Dirk Rossmann drugstore chain is extending its cooperation with easycash of Ingenico. With this, Dirk Rossmann will implement the e-money institution for card acceptance services for OLV (online direct debit), MasterCard and Visa acquiring, as well as the processing of American Express transactions. Rossmann is using this new payment strategy with all services from one single source to extend and consolidate the range of card-based payment methods available at its store. Rossmann customers will now have the option of signature-based payment for their purchases as the company introduces easycash’s secure OLV acquiring alongside girocard debit card payments.Details
With the total outstanding revolving US consumer credit having jumped 4.7% in October, it saw a second consecutive monthly increase in November, up 1.1% thanks in part to the busy holiday shopping season. With total credit flow up 9.8%, outstanding consumer credit has seen growth of 2% since the July figure, according to the Federal…Details
Visa appointed Michael Ross Global Head of Human Resources to oversee all human resources functions in the organization. He will focus on talent management, staffing, compensation and employee relations, as well as developing effective retention, diversity and performance management strategies. Ross joins Visa from HP where he was the Chief Talent and Rewards Officer after having worked in Merrill Lynch’s Human Resources Division in New York and London. He was also Managing Director of Compensation & Benefits at Morgan Stanley.Details
FIS banking and payments technology expanded its relationship with Modern Woodmen Bank, a wholly owned subsidiary of Modern Woodmen of America, a fraternal financial services organization. With FIS Virtual Back-Office, Loan Origination Studio and Internet Direct, Modern Woodmen Bank enhances online access and flexibility to its mortgage loan customers. Modern Woodmen Bank required a suite of services to provide mortgage products and services to their customers. By deploying FIS Virtual Back-Office, it effectively increases efficiencies and improves customer satisfaction more cost-effectively. Modern Woodmen Bank will also deploy FIS Loan Origination Studio for fully automated origination, processing and closing functions for residential mortgage originations.Details
Western Union financial services forged renewal agreement with Safeway food and drug retailer. Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union® global money transfer services. Safeway will also introduce Western Union money order and consumer bill payment services in the U.S. in 2013.Details
Agilysys innovative retail information technology and hospitality software solutions partnered Motion Computing rugged tablet PCs and mobility solutions to deliver comprehensive mobility solutions to retailers utilizing Windows POS systems. For this partnership, Agilysys will be responsible for developing the tablet’s software, integrating with legacy Windows applications, mobile infrastructure, staging, deployment and ongoing management, support and service.Details
Perry Ellis International piloted Starmount’s mobile POS solution at 17 Perry Ellis stores in time for the holiday shopping season, allowing Perry Ellis sales associates to provide a higher level of customer service. This is part of a chainwide rollout of Starmount Connect and Engage that will be completed in the first quarter of 2013. For this the Starmount mobile POS and mobile selling solutions will help Perry Ellis increase the level of customer engagement throughout the store, enabling associates to use mobile devices for product and price lookup, product recommendations, clienteling, and to provide access to customer loyalty information.Details
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.Details
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.
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.Details
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.Details