Vantiv and Planet Payment Implement ATM Currency Conversion

Vantiv payment processing services and related technology solutions for merchants and financial institutions launched its “Pay in Your Currency” service for ATMs through Planet Payment multi-currency payment processor. This Dynamic Currency Conversion allows international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction. With “Pay in Your Currency” on ATMs, the cardholder is provided with greater clarity and convenience by offering them the option to convert the transaction at the time of the withdrawal. If the cardholder chooses to have the transaction converted, the amount in their local currency that they see on the ATM screen is the amount that will appear on their financial institution’s account statement.

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Open Solutions Projections Indicate Continued Growth

Open Solutions provided guidance regarding its financial performance for 1Q/12, indicating sales bookings increased 26% year-over-year, a continuation of a trend that began in the second quarter of 2011. Adjusted revenues for the first quarter will exceed the same period last year by approximately 5%. Adjusted EBITDA, the measure that our investors use to evaluate our performance, is expected to exceed the year ago period by approximately 25% with the associated Adjusted EBITDA margin to be at or above historical highs.

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USAePay Integrates Platform with First Data

USAePay has fully integrated with the First Data North processing platform, complimenting its existing support for the First Data Nashville platform to offer merchants access to its services and solutions. USAePay is especially pleased to have added support for PIN debit and Level III corporate card purchasing. USAePay supports a full range of eCommerce (card not present), Retail (card present) and recurring billing features. This integration effort is a continuation of USAePay’s commitment to provide merchants and service providers with the widest range of solutions.

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Compass Plus Releases White Paper on EMV Implementation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, has released a white paper, Making EMV Work Across New Markets, which discusses the prevalence of EMV, the advantages of the payment standard, as well as the best practices for making the switch. According to…

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mWallets to See Mainstream Acceptance by 2020

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Within the next decade, smart-device swiping will have gained mainstream acceptance as a method of payment and could largely replace cash and credit cards for most online and in-store purchases by smartphone and tablet owners, according to a new survey of technology experts and stakeholders. Many of the people surveyed by…

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A-lign Security and Compliance Services Director Invited to MAC Conference

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gene Geiger, CPA, CISSP, QSA was one of ten participants in the first MAC Conference “Are you smarter than a QSA?” held earlier this month in Las Vegas held at the MGM Grand. Gene Geiger This was an entertaining, educational PCI discussion debate, and the panel as well as the audience…

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G&D Gains ITI Certification for eID Cards

GD Burti of Giesecke & Devrient (G&D) has met the security requirements for Brazilian eID cards. The high-security RIC (Registry of Civil Identity) cards have been granted certification by Instituto Nacional de Tecnologia da Informação while GD Burti has already delivered more than one million RIC cards as part of an initial pilot project. Requirements indicate the national ID cards must contain an eID application as well as a match-on-card solution for fingerprints for unambiguous identification of individuals: state authorities such as the police will be able to scan a person’s fingerprints using a portable device and compare them with those stored on the person’s ID card. Additional security is ensured by Public Key Infrastructure (PKI), which guarantees the authenticity of the data stored on the chip. The RIC card is a hybrid card containing both a contact-based and a contactless module and displays both a photographic image of the ID holder and the holder’s fingerprints are stored on the RIC card.

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Voltage Security and Ingenico expand partnership to m-payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Voltage Security, the world leader in data-centric encryption and key management, and Ingenico, the leading worldwide provider of payment solutions, announced that the two companies are expanding their partnership to enable a new level of security in the rapidly emerging area of mobile payments. The combined solution — Voltage SecureData Payments…

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Worldpay Selects Sysnet to Provide Merchant PCI DSS Compliance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sysnet Global Solutions, a leading provider of payment card industry compliance services, specializing in PCI DSS compliance validation and merchant intelligence solutions, announced that it has entered into an agreement with WorldPay, a global leader in card payments, to provide PCI DSS compliance validation services to WorldPay’s US-based merchants. PCI DSS…

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USA Technologies 3Q/12 Revenue Up 36% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless posted its fiscal 3Q/12 (1Q/12) results for the three months ended March 31, indicating total revenues of approximately $7.5 million, up 36% from the year ago period. Recurring revenues for the third quarter are expected to be $5.9 million- up 39% from the year ago period and accounting…

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FIS Appoints New Chief Risk Officer

FIS banking and payments technology named Greg Montana Chief Risk Officer (CRO). Montana joins FIS after serving as senior vice president and senior operational risk executive for Bank of America®. Prior to joining Bank of America, Montana held the positions of senior director, global risk operations at PayPal™, Inc. and director, operational, credit and compliance risk for Lloyds Banking Group, PLC. FIS endeavors to be a model for excellence across all facets of information technology and continues to make significant advancements in managing operational risk across its entire global enterprise.

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VeriFone Certifies EMV NFC Payments

VeriFone Systems announced certification of its EMV/NFC-enabled payment processing solution from Vantiv payment processing services and related technology solutions for merchants and financial institutions.The two companies have cooperated on certification of the VeriFone Evolution payment platform for EMV payments. Each device in the VX Evolution family offers advanced technology capabilities including NFC, EMV, tighter security with PCI PTS 3.0, higher-level performance and the ultimate in reliability, all on the proven VX platform. With VeriFone’s ongoing EMV and security compliance services, merchants can rest assured in their ability to meet evolving requirements.

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