Trustev has selected Datameer, the leader in Hadoop-based big data analytics, to help deliver insights from Trustev’s identity engine. Trustev uses real-time, online identity verification to prevent fraud in e-commerce transactions by focusing on validating the individual making the transaction, not just the payment method they’re using. The platform delivers individual, real-time decisions using multiple dynamic data sources — behavioral, transactional and social — instead of restrictive rules-based decisioning and profiling. In the 12 months since being founded, Trustev has been named Europe’s Top Technology Startup by the EU Commission and one of Forbes Magazine’s Hottest Global Startups.
Payoneer Inc. today announced it has completed a Series D financing round of $25 million. Susquehanna Growth Equity, LLC, a private equity firm focused on the financial services industry and an affiliate of Susquehanna International Group, LLP, led the investment, with participation from existing investors Carmel Ventures, Greylock IL and Vintage Venture Partners. Payoneer empowers cross-border commerce by providing a payment platform that connects thousands of companies with millions of professionals and small business owners from more than 200 countries. A profitable company with a four-year revenue CAGR of over 65%, Payoneer intends to continue its rapid growth by utilizing this new capital to accelerate its product roadmap, expand into new verticals and markets and increase sales and marketing investments, as well as enable the company to more actively pursue acquisitions.
Isis mCommerce for AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless, announced an exclusive offer for American Express Card Members through June 1, 2014. Now American Express Card Members who tap to pay with a registered Card for a ride in a qualifying NYC Yellow Medallion Taxicab can get 50% back in statement credits. The promotion is available to American Express’ U.S. Consumer, OPEN® Small Business and Serve Card Members with a registered Card in the Isis Mobile Wallet. The promotion is good for up to $100 in statement credits per eligible Card and registration is limited. Users can download the Isis Mobile Wallet for free from Google Play. Message and data charges may apply.
VeriFone Systems won the 2014 Merchant Payments Ecosystem (MPE) Award in the mPOS category at MPE 2014. Selected by the MPE Awards Committee for its portfolio of PAYware Mobile solutions that transform smartphones and tablets into completely secure mPOS devices that can accept payments from traditional mag-stripe cards as well as EMV (chip and PIN) cards. VeriFone built its portfolio of PAYware Mobile solutions based on feedback from merchants and retailers. PAYware Mobile provides a complete, scalable and secure mobile payment solution for all segments–from large retailers to small merchants–enabling payment mobility anywhere and everywhere.
Small businesses can now create, run and manage reward programs with NCR Silver iPad POS. Loyalty complements the existing automated email and social marketing functionality in NCR Silver making it even easier for cafés, shops, restaurants, boutiques, food trucks, and any small business to reward customers for repeat purchases. Loyalty fits seamlessly into the checkout process, automatically tracking rewards with each sale so customers see exactly what they have earned and eliminating the need for paper punch cards. Rewards and customer information reside on the NCR Silver POS system and merchants retain all the data rather than share it through a third-party loyalty application. NCR Silver with loyalty now does more to help time-starved small business owners.
Payfirma is empowering merchants to accept payments in multiple ways through access to their full solution payment API. Developers can now use Payfirma’s easy-to-integrate API to build versatile products for accepting payments online and on mobile devices, so they can meet the needs of merchants who want to increase their revenue through multichannel payments and gain insight from their consolidated sales data.
Global Payments payment solutions acquired Payment Processing fully-integrated payment solutions for 58,000 small-to-medium sized merchants. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies. Under the terms of the agreement, Global Payments paid a purchase price of $420 million in cash.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data reported its financial results for 4Q/13 with consolidated revenue of $2.8 billion, up $40 million from the year ago period thanks to a $47 million increase in reimbursable debit network fees, postage and other. Adjusted revenue, which excludes certain items including debit network fees, was flat, year-over-year at $1.8…
Moneris Solutions and UnionPay International entered into an agreement regarding Moneris’ acceptance of UnionPay cards beginning later this year. The number of merchants accepting UnionPay cards in the global market has shown a tremendous increase, giving UnionPay cardholders at home and abroad a network of convenient card use. Moneris and UPI will significantly expand this network in Canada with Moneris’ enablement of UnionPay card acceptance. Moneris is expected to launch UnionPay card acceptance as part of its service offerings to merchants in fall 2014.
NCR announced that TSB is installing 80 new NCR SelfServ ATMs in just three months across Britain as it transforms its retail banking network to improve banking services for its customers. Located in communities that range from Aberdeen to the Isle of Wight and Swansea to Norwich, the ATMs being installed by NCR will be free to use and available before the end of April 2014. For people wanting to ‘check their cash and dash’, TSB ATMs will enable them to check their balance, withdraw cash and manage their PIN. The ATMs also offer a host of other services, including bill payment, ordering of postal statements and mobile phone top-ups. SelfServ ATMs are designed to create a bigger visual impact on the street, and deliver a faster service and a more engaging experience for consumers. In the future, the contactless card capabilities will allow customers to carry out small transactions quickly and securely, thereby decreasing transaction time, cutting down queues and improving service. In addition, the new NCR SelfServ ATMs are Windows 7 ready – an important feature with Windows XP support from Microsoft expected to end in April 2014.
Fime is the first and only laboratory accredited to provide functional testing services for JCB’s new generation of contactless terminals. In addition to offering testing services to the marketplace on behalf of an international payment brand based in Japan, the JCB-approved EVAL test tool developed by FIME is also available for purchase from its network of international offices as an off-the-shelf product for in-house testing. FIME has been working with JCB as an accredited integration testing laboratory since the launch of JCB J/Smart, JCB’s EMV Programme in 2005.
Parking BOXX announced today their partnership with CreditCall. Parking BOXX will use CreditCall’s EMV-ready payment gateway in the Parking BOXX gated, multi-space, pay-by-phone, cashier and citation parking systems. The systems will be installed across North America with sites already live. CreditCall’s industry-leading card payment solutions are available across multiple channels, including-Multi-Space, Pay-on-Foot, Smartphone and web-based parking in the UK, USA and Canada. The company processes credit and debit card payments securely from unattended parking machines, as well as from phone-based and online parking reservation systems.