AnywhereCommerce added three recognized payments executives to bolster its international business activities. William Nichols, Nigel Bidmead, and Jimmy Quake have joined the company to drive sales initiatives and develop business across its growing global footprint. AnywhereCommerce has an established market presence in the North America, LAC, EMEA and APAC with its award-winning aCommerce series of mobile point of sale (mPOS) solutions. Driving international sales and marketing with a current focus on Latin American and the Caribbean is William Nichols, who was named executive vice president of international markets. Prior to joining AnywhereCommerce, Nichols held executive positions at First Data Corporation and VeriFone, where he was responsible for channel development and expansion, sales execution, product strategy development, and consulting services. Nigel Bidmead, who was named executive vice president, is responsible for business development and sales activities in the EMEA region. Bidmead comes to the company after several senior executive roles with industry giants First Data, VeriFone and ACI where he led large teams of personnel and drove important deals in the areas of electronic payments, cards, authorization and settlement systems, as well as software and telecommunications.Rounding out the expanded international management team is Jimmy Quake who has some 20 years of experience in the payments sector, and will serve as AnywhereCommerce’s senior vice president for the Asia-Pacific region, and will lead business development and market expansion efforts in that locale. Before joining AnywhereCommerce, Quake served as vice president for ViVoTech, and held a number of executive positions for VeriFone in Australia and Asia.
Montise posted H1 FY 2014 revenue £46.5m, up 67% on H1 FY 2013. Gross margin increased to 73% from 72% in H1 FY 2013, with user generated margin particularly strong, owing to a number of product licence deals following recent customer wins and renewals. Adjusted loss after tax (2)of £16.4m (H1 FY 2013 loss: £21.0m) and adjusted loss per share of 1.0p (H1 FY 2013 loss: 1.8p). Statutory loss after tax of £22.0m (H1 FY 2013 loss: £30.3m) with loss per share of 1.4p (H1 FY 2013 loss: 2.6p).
Amazon this morning announced that customers in the US, UK and Germany can now buy, spend and earn Amazon Coins on their Android phones and tablets. Previously available for use exclusively on Kindle Fire tablets, Amazon Coins can now be used to buy the latest apps, like Ridiculous Fishing, purchase extra lives within Candy Crush, or unlock Red’s amazing Super Roaster in Angry Birds GO directly from their Android device. Customers simply need to download the latest version of the Amazon Appstore and their existing Coins balances automatically appear. Existing Android customers can upgrade to the latest version of the Amazon Appstore on their mobile device by visiting www.amazon.com/updateappstore and new customers can download the Amazon Appstore on their mobile device by visiting www.amazon.com/getappstore.
Mark Adams has joined Meritus Payment Solutions as Senior Vice President and Chief Technology Officer. Mr. Adams brings extensive expertise in product development, application engineering, and the building of highly scalable cloud based infrastructures. In his role at Meritus, he will oversee product engineering, application development, IT infrastructure, and information security. A proven leader with 19 years of technology experience, Mr. Adams comes to Meritus from HireRight where he served as CIO and VP of Engineering. Before joining HireRight, Mr. Adams led the development of financial and contact center applications for Auto Club of Southern California. His prior experience also includes serving as Vice President of Information Technology for Lending Tree Loans where he focused on the delivery of highly scalable mortgage processing infrastructure and applications.
Datacard Group secure ID and card personalization solutions announced it will be providing financial institutions, retailers and service bureaus with guidance and best practices to help simplify the transition to the industry-wide EMV smart card standards, including the 2015 liability shift in the U.S. The new EMV Professional Service offerings – provided by Datacard Group – give organizations a wide-range of educational material, technology tools and resources designed to help them make calculated decisions on what they need for EMV smart card programs.
Assessment & Planning Services – including existing infrastructure analysis, card type selection and management, authentication and authorization requirements, customer service and expert-by-your side consulting to help ease the transition to EMV smart card programs. Implementation Services – this includes project planning, scripting services, data preparation, chip personalization, key management, and central or instant issuance.
Dot Hill Systems SAN storage announced that Osiris Trading selected its AssuredSAN Pro 5000 Series hybrid array with RealStor real-time autonomic tiering to support their managed services and hosting infrastructure. The RealStor software seamlessly enables application demands for high throughput spikes while promising future capacity expansion without additional costly license fees. Osiris Trading is incorporating the AssuredSAN Pro 5000 Series into its clustered Microsoft Hyper-V Server 2012 R2 based infrastructure supporting over 40TB of SQL database and web services applications. The AssuredSAN Pro 5000 Series features seriously smart RealStor software that responds to dynamically changing data autonomically without human intervention or policy settings. RealStor software takes tiered storage in a hybrid array to a new level ” beyond other tiered storage systems that rely on off-hours batch migration, and into a new era of autonomic, real-time tiering.
Powered Card Solutions, LLC (PCS) today announced the availability of its embedded technology for use in secure debit and credit cards. This technology embeds electronics, a SolicoreTM thin-film battery and a display within a credit or debit card to generate unique rolling passcodes that can prevent high-profile card security breaches recently experienced at Target, Marriott, Neiman Marcus, Michaels, as well as Hilton, Sheraton and Westin. By capturing static card holder data, a fraudster can create a duplicate card or authorize a fraudulent transaction. PCS’s solution protects consumers from fraud by generating a rolling security code. The embedded display in the credit or debit card shows a unique number for verification of each and every transaction. As a result a defrauder can have the card number and key personal information, but they will not know the ever-changing security code required to authenticate a transaction. This solution combined with the highly secure chip technology, creates a powerful combination that can eliminate consumer’s fear of using their credit card and/or debit card online, over the phone or at point of sale.
Secure Electrans announced the latest certification of the unique and revolutionary HomePay Chip&PIN device that combines small retailer mobile payment acceptance and secure online Chip&PIN payments. This latest development of the Secure Electrans HomePay 130 range employs a state of the art “Dynamic Kernel” that is able to switch transparently between taking and making payments. The device that enables the user, for example a taxi driver or plumber, to buy goods online securely with Chip&PIN and then take the device with them to their work or use on the move to accept payments. The certification, undertaken by the leading financial industry security evaluation body UL, confirmed that this latest Secure Electrans HomePay™ device meets the rigorous specification of EMVCo.
Allus achieved PCI-DSS certification as part of its efforts to focus on minimizing the risk of fraud and ensures that adequate controls of all elements that can process, store or transmit credit card information are in place. Trustwave, a Qualified Security Assessor (QSA) in Colombia authorized by the PCI Council, conducted the certification process. This work began in July and for 7 months the necessary adjustments were made to comply with all the controls required by the PCI standard.
Payment Alliance International retail ATM solutions announced signed an agreement to brand 22 ATMs located at Rite Aid stores in Kern County, Calif. PAI will own and operate the ATMs, which will be outfitted with Kern Schools’ branding. Kern Schools’ members will have surcharge-free access to cash at these new ATM locations. PAI operates one of the largest ATM networks in the United States, with equipment at more than 60,000 retail locations across the country. As part of the network, the company provides ATM services for approximately 1,500 Rite Aid locations nationwide.
Payment cards in the Asia-Pacific (AP) region continue to be a red-hot market for Visa as gross dollar volume (GDV) is the highest Visa region outside the U.S., excluding Visa Europe (not part of Visa, Inc.). South Korea also continues its love affair with Visa cards, with the distinction of the highest household debt rate in the world, quickly approaching the $1 trillion milestone. Bank of Korea data show the consumer debt service ratio in South Korea is more than 150% of disposable income.
Every year we analyze this metric, and some issuers respond that they do invest in R&D (Research and Technical Development); it’s just plugged into other larger areas of the P/L, like “G&A,” or “Operating Expense.” Yet, if it is so important to the long term survival of any organization, why is it “buried,” or “plugged;” why not exposed to the light of day? A buried expense cannot be a function truly (or well) managed.