Ex Goldman Sachs CFO Sit on Square Board

Square appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman. Viniar was most recently Executive Vice President and Chief Financial Officer of Goldman Sachs, and is currently a member of its Board of Directors. After receiving a Masters in Business Administration from Harvard Business School, Viniar joined Goldman Sachs in 1980, where he amassed over 30 years of experience. He became the CFO in 1999 and served in that capacity for over 13 years. He was also the head of the Operations, Technology, Finance and Services Division. Viniar is a former Trustee of Union College, where he received his Bachelor’s Degree.

FIS to Showcase Banking and Payments Innovations

FIS banking and payments technology is set to showcase at the BAI Retail Delivery Conference its Mobile Wallet with Cardless Cash Access. This allows users to not only pay using their smart phones, but also withdraw money from an ATM from a mobile device. It also will showcase its newest touch-enabled customer interaction solution, FIS TouchPoint Connect suite, integrated with the Microsoft platform to offer best-in-class, branch of the future capabilities that help financial institutions bridge the gap between the traditional branch and the evolving branch model. TouchPoint Connect’s highly intuitive, touch-enabled interface brings a new dimension to the branch with its customer facing user interface that can be deployed as a kiosk or tablet solution. After authenticating the customer via an ATM/Debit card, online banking ID, or QR code, TouchPoint Connect enables customers to view account summary and detailed account information, receive and act on targeted offers, and perform self-service functions such as check orders, address change, funds transfer, lost card, and stop payments.

Green Dot and Walmart Expand Prepaid Walmart MoneyCard Folio

Green Dot and Walmart announced have expanded the line of Walmart MoneyCard reloadable prepaid debit cards to include six new card types designed to meet the needs of their growing customer base. The Walmart prepaid debit card portfolio now includes nine cards and include Mobile Web Registration; Check Cashing Reloads Account Alerts; Gas Discounts; Pharmacy Discounts; Merchant Funded Offers; Purchase Protection / Assurance (Visa and MasterCard); and Walmart MoneyCard Portfolio.

Western Union Revenue Slows Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 3Q/13 revenues down 1% from the year ago period and were flat on a constant currency basis. Consumer-to-consumer (C2C) revenues declined 2%, or 1% constant currency, as transaction gains were offset by the impact of previously implemented price reductions in certain corridors. Western Union branded C2C transactions increased…

WorldPay AmEx EMV Certified

WorldPay US payments acquirer has earned the American Express EMV payment processing certification.In conjunction with the earlier completion of VISA and MasterCard EMV certification, this reinforces WorldPay’s ability to assist its current and prospective clients with the inevitable migration to chip cards in the US. The card payment networks establish individual requirements for EMV implementation and define the testing processes to certify against these requirements. WorldPay is working closely with Discover on certifying to their EMV requirements.

US Bank Launches Travel VirtualPay Solution

U.S. Bank announced the full market launch of its Travel VirtualPay product, following a successful pilot program. The bank is the first payment provider in North America to deliver a truly integrated travel payment and reconciliation tool that replaces manual central billing of hotel charges with single-use virtual account numbers. Travel managers can identify and track a booking from the time of reservation through final settlement and audit. The tool integrates directly with their current travel supplier or agency, allowing them to easily request a virtual account for each booking and consolidating all transaction data into one location. When a supplier charges the account, an automated reconciliation process accurately matches traveler and transaction, triggering immediate payment.

First Data Acquires Loyalty Program

First Data ecommerce and payment processing acquired Perka smart loyalty program for undisclosed terms. The First Data subsidiary continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Perka is a mobile marketing and consumer loyalty platform that helps small to medium-sized merchants engage their customers with location-based smartphone apps. The Perka Punchcard service and Perka Flexpoints for retail stores and sit-down restaurants deliver sustainable and highly personal marketing and incentive programs to consumers. The cloud-hosted platform features merchant-validated transactions, triggered offers, mobile messaging, and retail customer relationship data for the merchant.

Ingenico Posts Strong Performance for 3Q/13

Ingenico posted 3Q/13 9 months ending revenue of EUR1.004 billion, up 17% from the year ago figure, and quarterly revenue of EUR348 million thanks to performance across all geographies and segments. Also, from the year figure, Growth momentum in North America was up 40%; growth acceleration in Transactions services due to Ogone’s successful integration was up 15%; and full-year guidance raised for revenue and profitability. Also Organic growth was above 12% and revenue exceeded the EUR1 billion threshold in nine months for the first time ever.

Fundtech Announces ACH Alert Solution

FundtechACH Alert and Fundtech announce a partnership to make available ACH Alert’s suite of innovative, patented fraud mitigation solutions via Fundtech products. ACH Alert’s suite of fraud mitigation solutions enhance Fundtech’s offerings with industry-leading capabilities that allow financial institutions to mitigate incoming ACH fraud and outgoing ACH and wire fraud for their customers. By providing these solutions, Fundtech enables financial institutions to comply with FFIEC guidance calling for layered security, with different controls at various points in a transaction process. Further, financial institutions are able to monetize these services, by selling to their customers and members. These impact Fundtech solution users of CASHplus; PAYplus USA and PAYplus Connect/GFX; ACHplus; and OrigiNET.

Toshiba POS Solutions Announces Latest Expansion

Toshiba Global Commerce Solutions announced HUGO BOSS has selected Toshiba for a global deployment of store technology solutions led by TCxWave, a versatile solution unlike any other POS, kiosk or self-service device the market has ever seen, being deployed across its European stores. The United States market deployment includes TCxWave, with an option for Toshiba SurePOS 785, also a premier point-of-sale solution, commencing in September 2013. Developed by award-winning industrial designers, the striking appearance of TCxWave allows retailers to use the technology throughout the store to create a consistent and positive shopping experience. The versatile design and functionality of the TCxWave point of sale, kiosk or self-service unit enables the freedom to use one platform for multiple purposes throughout the store, and the wide-screen format and gesture touch based screen affords investment protection for evolving retail space.