VeriFone Announces Executive Appointments

VeriFone Systems appointed Jennifer Miles president, VeriFone Americas; Bulent Ozayaz to president, VeriFone Southern Europe, Russia, Middle East and Northern Africa; Johan Tjärnberg to president, VeriFone Europe and Southern Africa; and Eliezer Yanay to chief operations officer. Miles joined VeriFone in 2001 and led the significant growth of the company’s North American business, including Retail, Global Security and Vertical Solutions, over the past 10 years. Ozayaz joined VeriFone in 2006 and has served as general manager of the company’s North American Wireless Solutions and VeriFone Media businesses. Tjärnberg joined VeriFone in 2012 through the acquisition of Point International and has served as Point’s CEO since 2010. In his seven years with Point, its payments-as-a-service offering saw significant growth and expansion into multiple European jurisdictions. Yanay joined VeriFone in 2006 and has led the company’s global R&D, supply chain and product management initiatives since 2011. In his previous role at VeriFone, Yanay was responsible for all operations and manufacturing in Israel, as well as business development, sales and marketing in Continental Europe, Southeastern Europe and Asia.

AJB Launches mPayments for Petroleum & C-Stores

AJB Software Design integrated payment solutions launched its “FIPay Mobile” mobile payment application that allows Android and iPhone users to pay for gas purchases using their mobile phones while remaining in their car. It provides petroleum retailers the opportunity to attract new mobile-savvy consumers by deploying customized mobile applications without the need to make new investments or changes to their POS infrastructure. AJB unveiled the first mobile payment application in the Canadian Petroleum industry, through a successful pilot deployment at Hughes Car Wash, a Petroleum & C-Store retailer, based in Edmonton, Alberta. Consumers can now pay for gasoline and car washes with their mobile devices at the Hughes Car Wash flagship location in Edmonton, with plans to roll out the solution to additional locations over the next year. AJB’s “FIPay Mobile” is responsible for integrating with the PIN pad device and fuel pumps in the petroleum sector and is PCI-compliant through Cogeco, a PCI-DSS validated service provider.

Visa & Planet Payment Ink Processing Agreement

Visa opened the Myanmar market to ATM and POS acceptance through their licensing agreements with Co-operative Bank, Kanbawza Bank, and Myanmar Overseas Bank. Now Visa and Planet Payment are working on opportunities to target the deployment of the managed service to additional developing markets in support of traditional ATM and POS acceptance as well as developing support for mobile point of sale (mPOS). As more and more merchants look to capitalize on the value of accepting electronic payments, Visa stands ready to help its client banks support growing the financial network, expand on its financial inclusion goals, and partner to develop their payments systems.

globalVCard to Launch Changes at Innovation Project 2013

CSI Enterprises a leader in innovative financial solutions for enterprises and businesses, is set to release some important updates to its globalVCard paysystems accounts payable solution. The globaVCard paysystems will look to further cement their position on the top, with vast improvements to their web-based application. Featured prominently will be impressive changes to card and payment management. Clients will now be able to view and manage all the details of their payments from one screen. Payments will be managed in real-time, with the ability to change all attributes quickly and easily. The updated version will also include robust changes to the dashboard and communication capabilities.

Consumers Spending Fastest Since October

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Americans spent at the fastest pace in five months in February, with retail spending up 1.1% from January. Excluding higher gas prices, this figure is closer to 0.6%, despite the higher Social Security taxes, taking effect this year. With consumer spending driving about 70% of economic activity, with core retail sales…

Target Closes Credit Card Sale to TD Bank

Target sold its entire consumer credit card portfolio to TD Bank Group for $5.7 billion, part of a seven-year program agreement under which TD will also underwrite, fund and own future Target Credit Card and Target Visa receivables. With the agreement, TD will control risk management policies and oversee regulatory compliance and Target will continue to perform account servicing functions. Target will maintain the current deep integration between its financial services operations and its retail operations. The agreement does not have any impact on Target’s 5% REDcard Rewards program and will have minimal impact on Target’s current cardholders.

Inside Secure Introduces Duel-Interface NFC Tag

Inside Secure launched its NFC tag for interactions between smartphones and medical, communications, entertainment and other electronic devices. The INSIDE dual-interface NFC Forum Type 4 Tag also provides a unique one-wire interface that allows the tag to provide a low-cost wireless communications bridge between two devices, opening the door to an array of exciting new NFC applications. Now a single tap of an NFC phone to a Bluetooth wireless headset containing one of these tags can initiate the pairing operation. The tag detects the NFC field on the contactless interface and sends a pulse over the one-wire interface to the controller inside the headset to start the pairing process.

Digital River to Partake in E-Commerce Payments and Risk Conference

Digital River will be sponsoring, speaking and exhibiting at the 2013 Annual E-Commerce Payments and Risk Conference, Mar. 25-28 in Las Vegas. Digital River World Payments experts will talk about how to manage e-payments in Brazil. The first session titled, “Ok, You Are in Brazil, Now How Do You Optimize?” will precede “Exploring BRIC.” The 2013 Annual E-Commerce Payments and Risk Conference is hosted by the Merchant Risk Council (MRC), a globally focused trade association that aims to make online and mobile payments efficient and safe. Badran is a member of the Merchant Risk Council’s Americas Advisory Board.