Ebates Acquires Extrabux

Ebates Inc. today announced the acquisition of Extrabux, a free, comparison shopping website where consumers discover the best prices, find coupons, and earn cash back on their online purchases. The two companies have a growing membership base in China and today announced the launch of Ebates.cn to capitalize on this opportunity. Ebates.cn will offer members cash back, coupons and special deals from over one thousand retailers including eBay, Macys.com, Sierra Trading Post and Vitacost. During the month of March, shoppers will be able to earn up to eight percent cash back by shopping at their favorite retailers through Ebates.cn.

Up to 25,000 Card Present Transaction Data Compromised

As we previously stated on March 5th, our systems detected an unauthorized attempted intrusion into our Sally Beauty Supply LLC network. At the time of this discovery, we immediately engaged a top-tier forensics firm (Verizon) to investigate this security incident. As a result of this ongoing investigation, we have now discovered evidence that fewer than 25,000 records containing card-present (track 2) payment card data have been illegally accessed on our systems and we believe it may have been removed. As experience has shown in prior data security incidents at other companies, it is difficult to ascertain with certainty the scope of a data security breach/incident prior to the completion of a comprehensive forensic investigation. As a result, we will not speculate as to the scope or nature of the data security incident.

Digicash Launches Beacon mPayments SEPA Credit Transfers

The bank-led mobile payment scheme Digicash has launched a pilot-project using the Beacon model in Luxembourg. Digicash Beacon devices at the point of sale combine Bluetooth, NFC and QR Code technologies. Its integrated with Digicash Apps that are issued by retail banks and conducts payments using SEPA Credit Transfers straight from the payer’s current account. Just a year after the launch of its mobile payment solution based on QR Codes, Digicash is innovating again by testing its new Digicash Beacon solution under field conditions together with three retail banks: BCEE, POST and BIL. The Beacon wireless data transmission model was announced recently by several global players as the customer experience revolution at the point of sale. Terminals at the POS use the Bluetooth Low Energy (BLE) technology, as well as NFC and QR Codes, automatically providing the customer with the best user experience based on the features of his smartphone.

Cachet Acquires DeviceFidelity Prepaid mCommerce

Cachet Financial RDC acquired DeviceFidelity’s Moneto prepaid mobile platform and a core VISA prepaid mobile money platform. In addition to the core VISA prepaid mobile money platform and the prepaid mobile application platform, the acquisition includes strategic relationships with Mastercard, MoneyGram and Navy Federal Credit Union. Cachet’s expanded prepaid mobile offering will provide program managers, processors, banks and credit unions the ability to provide their customers a convenient and feature rich prepaid mobile application. The Moneto prepaid mobile platform architecture provides clients the flexibility to add new features within weeks, such as cash loading; instant “Good Funds” for check to card loads; card balance and history; loyalty and rewards; person-to-person transfers; expedited bill pay and remittance.

Visa Appoints Global Head, Merchant Sales & Solutions

Visa announced the appointment of Ramón Martín to the newly created position of Global Head of Merchant Sales and Solutions to lead global merchant strategy and integrating key functions to deliver customized products and services designed to help merchants achieve their business goals and advance Visa’s strong merchant and acquiring partnerships worldwide. Martín joins Visa from American Express, where he spent 16 years, most recently as President of Merchant Services, Americas. Martín completed an Industrial Engineering Degree at Universidad Politécnica de Madrid and an MBA at Instituto de Empresa Business School in Madrid, Spain. Mr. Martín also serves as a member of the Board of Directors for the National Retail Federation.

GlobalBay Tablet POS Offers EMV Transactions

Encore Payment Systems has provided small and medium-sized businesses all over the U.S. with the latest solutions in merchant services. Encore Payment Systems is proud to introduce the newest point-of-sale merchant solution to its suite of revenue-building tools, GlobalBay Merchant Tablet POS. GlobalBay Merchant Tablet POS is a turn-key point-of-sale solution that promises an affordable, easy to use system to manage virtually every aspect of their business. GlobalBay Merchant Tablet POS will enable EMV (Chip & PIN) transactions for Encore merchants a full 2 years before the government mandate.

HioTablet POS integrates with USAePay

USAePay recently welcomed HioTablet, a Windows tablet point of sale system for restaurants and retail businesses, to integrate with their secure payment gateway. Manufactured by ICG Software and distributed by AgentPOS, the HioTablet is an easy to install template rich point of sale system serving the restaurant and retail industries. HioTablet is unique in the fact that it does not charge any monthly software fees. The new HioTablet utilizes HioPOS terminal software on a Windows tablet and can be used as a stand-alone point of sale system, or interface with the HioPOS 15″ all-in-one terminal. The tablet contains 17 built-in templates covering a variety of restaurant and retail businesses including a guide for a bakery, bar, yogurt shop, sushi restaurant, supermarket, liquor store and more.

Xapo Bitcoin Wallet & Vault

Xapo is a team of financial and security experts with a proven track record of building trusted financial products, including our last venture, Lemon Wallet. By offering both a Bitcoin wallet and vault in one secure place, Xapo is marrying the ease-of-use Bitcoin users want for everyday needs with the security they require for confident Bitcoin savings. And transferring bitcoins between your wallet and vault is simple and secure – as the industry’s first combined wallet and vault solution, Xapo is your trusted one-stop shop. I welcome you to open your free Xapo account today and be part of the Bitcoin revolution.

First Data Shows February Weather Hinders Consumer Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its First Data SpendTrend analysis for Feb. 1, 2014, through Feb. 28, 2014, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks. It showed dollar volume growth remained positive at 2.4%, but marked a slight slowdown versus January’s 2.5% growth as…

Cardtronics & BBVA Compass Ink ATM-branding Deal

Cardtronics announced a licensing agreement with BBVA Compass, providing the bank branding rights to more than 300 ATMs in H-E-B stores. The deal equates to a nearly 50% jump in the bank’s Texas ATM network, bringing its total to nearly 1,000 machines. The deal provides the bank with potential access to shoppers at more than 300 H-E-B operated stores. The agreement between Cardtronics and BBVA Compass is part of a growing relationship established in 2012. Prior to this H-E-B announcement, BBVA Compass had branded 268 Cardtronics-owned ATMs in convenience and grocery stores throughout Colorado and Texas.

First Data and IBC Renew Merchant Acquiring Contract

First Data and International Bank of Commerce (IBC), announced that the companies signed a long-term extension for merchant services and payment solutions. IBC has been a partner since 2004 and First Data will continue to provide innovative business solutions to enable the bank’s clients to accept all forms of payments and grow their businesses. First Data will provide dynamic solutions throughout the IBC footprint and advance clients to a new era of payments using a consultative approach.

Thinfilm and Xerox Principal NFC Forum Members

The NFC Forum announced that Thinfilm and Xerox Corporation have joined the NFC Forum at the Principal level. The first to commercialize printed rewritable memory, Thinfilm is creating printed system products that will include memory, sensing, display and wireless communication such as NFC -at a cost-per-functionality unmatched by any other electronic technology. Since the invention of Xerography more than 75 years ago, the people of Xerox have helped businesses simplify the way work gets done. Today, Xerox is the global leader in business process and document management, helping organizations of any size be more efficient so they can focus on their real business. Headquartered in Norwalk, Conn., more than 140,000 Xerox employees serve clients in 160 countries, providing business services, printing equipment and software for commercial and government organizations. The Principal level is the next-to-top tier of NFC Forum membership, and it includes significant participation opportunities.