2Checkout Appoints New CEO

2Checkout appointed Shawn Budde as CEO. Bringing with him over 25 years experience, Budde has held executive roles at Citibank and Capital One; data analytics experience at Sears Holdings; and as co-founder and President at ZestFinance, a VC-backed technology company. Budde earned a B.A. from Columbia University and an M.B.A. from the Wharton School at the University of Pennsylvania. At ZestFinance, Mr. Budde teamed with Google’s former CIO to reinvent lending methods by using large-scale data analysis and machine learning to lower the cost of credit for the highest risk customers. At 2Checkout, Budde plans to apply similar approaches on a global scale to help the company accelerate its market expansion in online payments.

vSafe Payment Gateway Eliminates Fraud

Vesta Corporation announced the launch of vSafe, a new payment gateway that eliminates the cost of transaction fraud for e-commerce and m-commerce merchants. Leveraging Vesta’s proprietary and patented fraud technology modeled on over one billion electronic payments, vSafe evaluates orders using business-specific models that maximize real-time transaction acceptance and isolate merchants from transaction fraud. In addition, the quick-to-deploy API features full-service global payment capabilities and data protection features designed to significantly reduce PCI compliance requirements.

Singular Payments Names GM

Singular Payments announced today that industry expert Marty Hilber has joined the company as its General Manager, overseeing day-to-day business operations. Charles Yancey, Founder & President of Singular Payments, and Vaden Landers, Chairman & Managing Partner, noted that Hilber’s appointment was necessitated by the significant growth and expansion the business has experienced resulting from the signing of numerous strategic partnerships, as well as the launch of various new product development initiatives.

In The Pink Launches Innovative In-Store mPOS

Springboard Retail announced The Pink Stores Lilly Pulitzer Signature Stores has launched mPOS as part of a major store transformation project. In The Pink’s eight stores are located in Massachusetts with flagship stores on Newbury Street in Boston and on Nantucket Island. They piloted the project in their Boston store where they removed the cash wrap and stationary POS terminals went 100% mobile. They are using Apple’s iPads and iPad minis powered by Springboard Retail. The results from the first 11 days of In The Pink’s rollout of mPOS reveal a 24.5% increase in sales over the same period in this store a year ago. Transaction count was up 6.5%, transaction value was up 17%, units per transaction was up 12% and total units sold was up 19%. In The Pink repurposed 48 square feet of floor space and reclaimed full floor to ceiling use of 6.5 feet of prime wall space. The Nantucket store is next to undergo the transformation.

Quick Fuel Partners with Comdata

Quick Fuel has partnered with Comdata to provide its fleet customers with one of the fastest and most secure means of fueling available. Quick Fuel recently purchased Comdata’s fuel site controller, known as SmartSight, for all of its retail locations and added Comdata’s SmartQ™ radio frequency identification (RFID)-based technology to offer an extra level of speed and security to the fuel transaction process. In addition to processing transactions quickly, SmartSight processes fueling transactions securely as well. The card reader equipment meets industry security standards, while an integrated camera function allows site owners to view customer images as the card is swiped to identify potentially fraudulent users when necessary.

Sample PCI Policy Templates for PCI DSS V3.0 Now Available

Merchants and service providers can now download hundreds of high-quality PCI policy templates from the undisputed global leader at pcipolicyportal.com. Since 2009, pcipolicyportal.com has been assisting companies all throughout the word, from Cape Town, South Africa to Charleston, South Carolina, so turn to the trusted experts today for industry leading PCI policy templates.

Fime introduces EMV migration consulting

Fime payments consultancy launched a customized consulting offer to help US payment card issuers and acquirers accelerate their move to secure EMV chip payments.Designed specifically for the unique and complex U.S. payments industry, FIME’s EMV chip consulting packages can ensure successful, cost-effective and efficient migrations for organizations of any size and at any stage of implementation. FIME has extensive experience consulting issuers and acquirers on global EMV chip implementations from initial education through to successful implementation.

MasterCard Global Average Tickets

The average purchase transaction for a MasterCard-branded card in the APMEA (Asia Pacific Middle East Africa) region hit $94.14 in 2013, nearly double the average purchase transaction of $55.72 for U.S. MasterCard credit and debit cards. Meanwhile, the average purchase tickets on U.S. MasterCard debit cards has been relatively consistent since 2009, but MasterCard’s average purchase ticket for U.S. credit cards has grown significantly from $80.68 in 2010 to $88.09 last year.

U.S. Bank Completes ATM Conversion

U.S. Bank has fully converted its fleet of nearly 5,000 U.S. Bank ATMs to the Windows 7 operating system. U.S. Bank is one of the first major banks to complete the conversion of its entire ATM fleet. Other ATM owners in the industry have announced that they plan to purchase extended support from Microsoft while they complete their conversion. U.S. Bank chose to upgrade the operating systems on its entire fleet by the April 2014 deadline as part of an overall strategy that included updates to meet new technology enhancements such as ATM deposit automation, compliance with enhanced accessibility rules from the Americans with Disabilities Act (ADA) and replacement of older ATMs in the fleet. Today, the average age of a U.S. Bank ATM is five years.

Discover and the NHL Arrange for Surprise Stanley Cup Visit

Discover partnered with the National Hockey League (NHL®) today to surprise members of the Midshipmen with the Stanley Cup®, the most revered trophy in professional sports. The Midshipmen, who finished this season at 29-7-2 and ranked eighth nationally, were treated to a celebratory reception this afternoon at McMullen Arena in the Brigade Sports Complex. Navy hockey team members, who were holding an informal scrimmage at the arena, were treated to a surprise visit from the Stanley Cup. The surprise did not end there, as players from the Navy Youth Hockey league, along with their families, were invited to the arena to join the celebration where pizza and beverages were served and the Navy youth hockey players had the chance to skate with some of the Midshipmen players. Unbeknownst to them, they too would be getting a visit with the Stanley Cup.