Discover Inks 50 PayPal Merchant Processors

Discover signed contracts with 50 merchant acquirers that will extend PayPal’s in-store acceptance to more than 2 million merchant outlets by the end of 2013. This eight months after PayPal announced its intent to create a payment option to leverage Discover’s payments infrastructure to provide PayPal’s 55+ million active domestic account holders access to millions of retail stores, restaurants, gas pumps and more. Some of the largest merchant acquirers and processors have already committed to offering PayPal, including Vantiv, WorldPay, Global Payments, First American Payments, Heartland Payment Systems and TSYS.

MasterCard Announces Timberlake Global Partnership

Justin Timberlake has teamed up with MasterCard as part of a two-year relationship focused on brand collaboration and the delivery of truly unforgettable fan experiences for MasterCard cardholders and Justin Timberlake fans worldwide. Timberlake and MasterCard are offering cardholders a priceless experience that will reflect the exclusivity, collaboration and access the partnership will provide — the MasterCard Priceless Premieres presents Justin Timberlake performance. The special event available only to MasterCard cardholders will take place at the Roseland Ballroom in New York City on May 5. Consumers registered on Priceless New York will be the first to know when tickets are available for the show. The collaboration and partnership between Timberlake and MasterCard will translate to exclusive access to co-created content, events and experiences as well as consumer engagement opportunities.

Texas Capital Bank Enlists Fiserv ACH Processing, Services

Fiserv announced that Texas Capital Bank has implemented its “PEP+ ACH” Processing Services to offer an extended processing window to its business customers, and meet the latest NACHA regulatory guidelines, without capital expenditure. PEP+ is an online solution for originating and receiving ACH electronic funds transfers. It is the leader in the industry as more than two-thirds of America’s 14 billion ACH payments annually are processed using PEP+. The new ACH Processing Services from Fiserv enabled Texas Capital Bank to lengthen its deposit cut-off time from 6:30 p.m. to 8:30 p.m. to accommodate the needs of its business customers. In addition to PEP+ and Signature, the total integrated solutions from Fiserv for Texas Capital include, Item Processing, Corillian® Business Online, Branch Source Capture™, EFT, Frontier™ Account Reconciliation and Nautilus®.

AnywhereCommerce Ships EMVCo-Certified mPayments Device

AnywhereCommerce released its Walker Chip and Signature mobile payment solution at the 2013 ETA Annual Meeting & Expo. Walker is a compact and rugged payment acceptance device that is compatible with most mobile smartphones and tablets, which enables mobile payment acceptance that is compliant with EMV rules for Chip and Signature as well as legacy magnetic stripe use. The Walker device enables merchants to accept EMV-compliant Chip and Signature payments while still continuing to support magnetic stripe payments. Walker employs patented audio jack connectivity and encryption technology to ensure secure and reliable operation in mobile POS application and can be integrated with a variety of third-party mobile payment apps.

FIS Sees Payment Solutions Revenue Up 2.5%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS posted 1Q/13 revenue up 4.6% to $1.5 billion, compared to $1.4 billion in the first quarter of 2012, up 4.8% on an organic basis. Organic revenue growth, which adjusts for the impact of acquisitions and foreign currency demonstrated growth in International Solutions accelerating to 10.8%. First quarter 2013 non-GAAP results…

Heartland Posts 1Q/13 Net Revenue Up 16.8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment processor posted an Adjusted Net Income of $19.4 million for 1Q/13, compared to the year ago Adjusted Net Income of $16.0 million. With this, Heartland posted Quarterly Net Revenue of $146.8 million, up 16.8% from the first quarter of 2012; Operating Margin on Net Revenue of 18.2% compared to…

First Data Consolidated Revenue Up 1% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data financial results for 1Q/13 show consolidated revenue was $2.6 billion, up $27 million by 1% from the year ago period thanks to a $38 million increase in reimbursable debit network fees, postage and other. Net loss attributable to First Data was $337 million, compared to a loss of $153…

Cardlytics Named A Best Workplace, 2-Years Running

Cardlytics analytics and marketing platform has been recognized by The Atlanta Journal-Constitution for a second consecutive year as one of Metro Atlanta’s Top 100 Workplaces. Cardlytics was selected based on employee survey responses that gauged the direction of the company, execution, work conditions, career paths, management, pay and benefits. Cardlytics has realized consistent levels of market adoption and growth. By deploying technology within its more than 300 partner financial institutions, Cardlytics can leverage all of a household’s purchases to target and measure marketing in a way that fully protects consumer privacy and financial institutions’ data.

First Data Names New CEO

The Board of Directors of First Data Corporation announced that Frank Bisignano has been named chief executive officer (CEO) and the board of directors. Previously, Bisignano most recently served as Co-Chief Operating Officer of JP Morgan Chase &Co. (“JPMorgan Chase”), one of the largest providers of banking, lending, treasury, wealth management and investment services that serves 50 million customers, including consumers, small businesses, mid-size companies, corporations, financial institutions, nonprofits and governments. Bisignano also was the chief executive officer for Citigroup’s Global Transactions Services business and a member of Citigroup’s Management Committee and was the Chief Administrative Officer for Citigroup’s Corporate and Investment Bank, a senior executive vice president and Citigroup’s firm-wide deputy head of technology and operations.

USA Technologies Intros mPayment and Loyalty Programs

USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, highlighted its expanded suite of cashless payment services and next generation ePorts at the NAMA OneShow in Las Vegas last week. Visitors to USAT’s booth were continuous, as customers stopped to learn about the latest mobile payment and consumer engagement tools now incorporated into USAT’s ePort Connect® service for cashless payment and telemetry. The new services are designed to capitalize on the new world of opportunities made possible by connecting businesses to consumers, and consumers to businesses, as industries like vending transition from cash to cashless forms of payment, particularly mobile payment. Through USAT’s new loyalty & prepaid program, business owners have the ability to provide alternative payments capabilities, reach consumers directly, impacting buying behavior before the point of purchase, and reward consumers when they do make a purchase at their machines. The mobile app is designed to integrate with USAT’s loyalty and prepaid program. The mobile app enables consumers to watch how their points accumulate, send loyalty points to friends and locate their favorite vending machines.