Joseph J. Plumeri is joining the Board of Directors of First Data, a KKR portfolio company. Having served 12 years as Willis Group chairman and CEO and as its non-executive chairman through July 2013, Plumeri strengthened Willis’ position as one of the world’s leading insurance brokers through industry-sector-leading organic growth and operating margins, strategic expansion, and a return to public ownership in 2001. Prior to joining Willis, Plumeri had a 32-year career at Citigroup and its predecessor companies. As CEO of Citibank North America, he led the integration of the consumer businesses at Citicorp and Travelers Group. He also served as chairman and CEO of Travelers Primerica Financial Services, vice chairman of the Travelers Group, and president and managing partner of Shearson Lehman Brothers.
Mercury Payment Systems payment solutions providers announced a collaboration with PayPal to enable Mercury’s vast network of point-of-sale software developers and value-added resellers, and rapidly growing base of 80,000 merchants to offer PayPal in-store. This agreement brings PayPal together with a proven leader in delivering integrated payments solutions to countertops across America to give merchants a simple, and seamless way to use PayPal in-store. Through this collaboration, Mercury’s network of more than 500 point-of-sale developers will be provided a toolkit to enhance their POS system to accept PayPal’s in-store payments. Resellers of those systems will also be trained and certified to bundle PayPal acceptance with other merchant services that they already offer. Merchants using PayPal-enhanced POS systems enable PayPal customers to pay with their desired funding source in their PayPal wallet using their PayPal payment card or their mobile phone via the PayPal app.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express is introducing a suite of innovative digital and on-site benefits, designed to serve tennis fans the finest of the US Open, both on and off the courts at the USTA Billie Jean King National Tennis Center. This year, American Express is offering even more ways for tennis fans to…
ROAM mobile commerce platform provider announced that its RP350x Chip & Sign Mobile Card Reader is among the first to be certified as Visa Ready. The RP350x can accommodate legacy magnetic stripe credit and debit cards as well as newer EMV chip-based cards. Now merchants can leverage EMV as part of its mobile point of sale solution and benefit from lower processing fees and better security. By adopting the Visa ready RP350x from ROAM, merchants can process payments in both ways and be ready for the October 2015 liability shift from card issuers to merchants’ acquirers. ROAM sells the RP350x reader via its global network of acquirers, financial institutions, independent sales organizations (ISOs) and payment service providers (PSPs). Due to that extensive network, ROAM believes it will soon have more mobile readers out in the hands of merchants than any other vendor.
NCR Corporation consumer transaction technologies announced Trinity Groves mixed-use development project implemented NCR Aloha POS as a Service (POSaaS) program in its Dallas-area restaurants. POSaaS is a subscription-based program with no-contract period and a predictable monthly fee. With two restaurants currently using the POSaaS solution and 12 more planned within the next two years, Trinity Groves selected NCR because of its low-risk, flexible subscription program that combines industry-leading software, hardware, data security services, maintenance and helpdesk support services in one all-inclusive monthly payment. Trinity Groves selected the NCR Aloha POSaaS model for all of its restaurants because of its subscription model with a lower initial investment, as well as the flexibility to add and/or remove components as needed, which has helped the restaurants deploy the solution faster and easier.
Conductiv made available its Interact Mobile POS Solution, customized for retail pop-up stores. Two recent success stories of businesses selling smarter and better with Conductiv’s Mobile Pop-Up POS are Justin Boots, a Berkshire Hathaway company, and Bellview Winery, recently voted New Jersey’s top winery. At the 2013 Berkshire Hathaway Annual Shareholders Meeting, Justin Boots set up a pop-up store using Conductiv’s Mobile Pop-Up system, and sold over 1,000 pairs of boots in 10 hours. That’s an average of one and a half pairs per minute, handily breaking their previous sales record.
MPayMe announced the successful launch of its mobile business platform ZNAP held at Chester Racecourse – one of the world’s most prestigious horse racing venues. MPayMe showcased the ZNAP application by powering the first ever QR-BAR – an exclusive invitation-only VIP event where all drink orders and payments were enabled through mobile phones. The ZNAP app was accessed via Xperia handsets, sponsored by Sony, and given to all invited guests from the business, media and celebrity world upon entering the QR-BAR. Attendees checked-in to the venue by using ZNAP to scan a QR-code on a welcome sign at the entrance, giving them access to view the QR-BAR drinks menu. To place orders, guests simply selected choices from the menu and added them to the virtual shopping cart in the app. They proceeded to check-out and entered their table number so that drinks could be delivered quickly to their table, thereby ensuring a queue-less experience.
BlueKite international bill-payment solutions added Ecuador, Nicaragua and Panama to its network. BlueKite has developed proprietary technology that provides complementary payment options to millions of consumers who emigrated and still support friends and families back in their home countries. The new bill-payment services and utilities available through BlueKite include: Claro, CNT, ETAPA and EERSSA in Ecuador, Movistar and ENACAL in Nicaragua and IDAAN, ASEO, ENSA, SKY, CABLE ONDA, Claro TV and Claro in Panama. The company has been providing payment services to local billers including utilities and telecommunications companies in Mexico, Guatemala and El Salvador.
Cardtronics announced that Costco Wholesale has renewed the company as a key provider of ATM services in the United States, adding a long-term contract extension to a relationship established in 2005. The world’s largest retail ATM owner, Cardtronics owns and operates more than 450 ATMs located in Costco membership warehouses spread across 39 states today, and has expansion rights for future Costco locations. With the recent expansion of Cardtronics’ ATM branding program to include both Principal Branding and Preferred Branding, all 450 ATMs are once again available to interested financial institutions.
Sysnet Global Solutions, a leading provider of Payment Card Industry (PCI) compliance management services specialising in PCI DSS and merchant intelligence solutions, announced that it has appointed Branden Williams as EVP Strategy, with ownership of global sales and marketing. Branden has over fifteen years of experience in technology and information security with a formidable background in the majority of the technologies that drive today’s businesses. After spending the first several years of his career working with education institutions and internet service providers to secure their infrastructures, Branden co-founded an IT consulting business that was later sold to a venture capitalist. Branden holds a Masters of Business Administration from the University of Dallas and is a current doctoral candidate in business intelligence at Capella University.
BPC Banking Technologies, the leading provider of Open System payment solutions for the global financial industry, reports on the successful completion of set of audited performance and availability tests for SmartVista. The tests were conducted at the IBM Systems Solution Centre Labs in Bangalore, and were audited by KPMG. During the test, BPC’s switch solution, delivered peak performance of 2,932 TPS (transactions per second) with 40% server utilization, demonstrating that the configuration had ample capacity for growth. The tests were designed to replicate real-world situations, operating under very high transaction loads. These outstanding results prove that SmartVista can support the volumes generated by extremely large ATM networks, as 2,932 TPS equates to an ATM network with more than 520,000 ATMs carrying out 10.5 million transactions an hour. During the 2 hour stress test, SmartVista sustained an average of 1,875 TPS, which equates to an ATM network with more than 330,000 ATMs operating at full capacity.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 7.5% in June from last year to an adjusted $857B, it continued to erase all positive momentum seen in 2013. The second highest outstanding total of the year, June revolving credit outstanding is still not as high as the year…