Cardtronics has grown its U.S. ATM estate to 66,400 ATMs ” the result of adding 2,100 merchant ATM contracts when Cardtronics USA, Inc. acquired the ATM business assets of Chandler, Ariz.-based Automated Financial, LLC. The transaction was signed and closed on Feb. 6; terms of the deal were not disclosed.
First Data and The Members Group (TMG) have begun offering an expedited EMV™ implementation to qualifying TMG clients. First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG’s brand promise of “making life easier” for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity.
Beating average credit card industry growth last year Discover credit card loans grew $2.0 billion, or 4%, to $53.1 billion at year-end 2013. Discover reported fourth quarter volume for PULSE was flat as Diners Club volume declined 5%, offset by a 5% gain in proprietary volume and 6% gain in network partners volume. Transactions processed on the Discover network rose 5% in 2013 to 1.95 billion while PULSE transactions declined 3% to 4.19 billion for last year.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies posted a 4Q/13 net income of $447,087, down from non-GAAP net income of $557,393 and total revenues of $10.6 million. Approximately 82% of total revenues stemmed from license and transaction fee revenues, which are largely driven by connections to USAT’s comprehensive and turnkey cashless payment and M2M telemetry service,…
Swish Payments mcommerce appointed Stephen Grech CFO to oversee the overall business strategy and direction for Swish, as the mPOS provider continues the global expansion of their white label mobile commerce solution. Stephen Grech has more than 23 years of experience in the financial services sector, with a specialisation in the card business, payments and e-commerce. In the last 10 years, Grech has specialised in project management and the establishment of new operations within these sectors. He also holds a master’s degree, specialising in e-Commerce from the University of Kent (UK) and is an Associate of the Chartered Institute of Bankers.
Gemalto digital security is enabling United Nations Federal Credit Union (UNFCU) members around the globe to quickly and securely obtain their new Europay-MasterCard-VISA (EMV1) cards. Through a worldwide network of service centers, Gemalto’s Allynis Global Issuance services works seamlessly to issue EMV cards from regional centers that are located closest to the cardholder. Previously, UNFCU’s cards had been deployed from just one location in North America. Gemalto, having already delivered more than one billion EMV payment cards to clients worldwide, is making the card issuance service easier and more efficient for UNFCU and all its globally located cardholders. UNFCU became the first financial institution in the United States to introduce an EMV credit card. Since adopting EMV, UNFCU has seen lower fraud on its VISA(R) Elite and VISA Azure2 credit card portfolios when transactions are authorized by EMV Chip and PIN capable merchants.
Polaris Financial Technology LTD iGTB division announced the launch of its NACH-ready India Payments solution. The solution is compliant with major payments systems in the country including National Automated Clearing House (NACH), Next-Generation Real Time Gross Settlement (NG-RTGS) and National Electronic Funds Transfer System (NEFT). With the emergence of NACH, a high rate of adoption is foreseen making it imperative for banks to have a strategic roadmap for the adoption of NACH. This would include product innovation, operational reconstructs and cutting edge technology adoption. NACH-ready India Payments solution contains NACH Mandate Manager, Transaction Processor for NACH, NG-RTGS, NEFT and APBS along with other standard features such as cross-border transactions and host-to-host connectivity. It is a web-based solution to facilitate inter-bank, high volume electronic transactions that are repetitive and periodic in nature. It facilitates centralized mandate management, direct debits and bulk payments processing.
Ingenico is bringing together its European business (“Europe-Sepa”) and its Transactions business under the management of Pierre-Antoine Vacheron, EVP Sepa to build a leading payment service provider in Europe. Over the last twelve months, the Group has accelerated the implementation of its Transaction Services strategy, focusing on the combination of off-line (Axis, easycash) and on-line processing. Ogone has continued to grow significantly within the Transaction business unit, building on the common DNA shared by the various transactions activities within the region. With the integration of Ogone now well under way, Peter de Caluwe has decided to start a new professional project outside the group.
First Atlantic Commerce (FAC) and Bookeo announced their integration. FAC is a Bermuda-based, feature-rich payment gateway that was established in 1998 to deliver customized and flexible online credit and debit card processing to international corporations across the globe. The company also provides card storage functionality and risk mitigation solutions to its merchants. Bookeo is a software tool that allows businesses and institutions to take online reservations 24/7 from their Facebook and web page, directly from their clients’ mobile device, laptop or computer. Ideal for all businesses that need to schedule their appointments, Bookeo is easy to set up, has no software to install, and supports 25 languages.
Pay.on web-based payment infrastructure systems and Kount SaaS provider of innovative fraud and chargeback prevention solutions agreed on a strategic cooperation. PAY.ON is also integrating the services of the Kount Complete platform and fraud control technology Kount SMB into its infrastructure platforms, thus making solutions from Kount available to all clients around the world – from PSPs and ISOs to acquirers and other financial institutions. At the same time, PAY.ON and Kount are combining their global distribution network to promote the mutual expansion of their client base. Kount offers its customers highly efficient solutions to tackle both sources of loss. In this context, PAY.ON is taking strategic action to further expand its existing fraud management system.
Phongsavanh Bank Limited (PSVB), a major and the first private Lao commercial bank in the Lao People’s Democratic Republic (Laos), and JCB International (JCBI) today announced that PSVB has launched the first JCB credit card in Laos. PSVB now issues JCB credit card to the Lao people who can enjoy JCB’s global merchant network with over 24 million locations globally. Laos is the 3rd country in the Mekong region for JCBI to issue JCB cards following Thailand and Vietnam.
Gemalto is enabling United Nations Federal Credit Union (UNFCU) members around the globe to quickly and securely obtain their new Europay-MasterCard-VISA (EMV1) cards. Through a worldwide network of service centers, Gemalto’s Allynis Global Issuance services works seamlessly to issue EMV cards from regional centers that are located closest to the cardholder. Previously, UNFCU’s cards had been deployed from just one location in North America. Gemalto, having already delivered more than one billion EMV payment cards to clients worldwide, is making the card issuance service easier and more efficient for UNFCU and all its globally located cardholders.