[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For its 3 months ended January 31, 2013, VeriFone Systems secure electronic payment solutions posted revenues of $430 million, compared to $425 million a year ago for a 1% increase. Meanwhile, net revenues were $429 million, compared to $420 million a year ago, a 2% increase. With North America GAAP net…
TSYS has been recognized by the Ethisphere Institute as one of the 2013 World’s Most Ethical Companies for the second year in a row. Ethisphere reviewed nominations from companies in more than 100 countries and 36 industries for the award. The methodology for the World’s Most Ethical Companies includes reviewing codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; and studying nominations from senior executives, industry peers, suppliers and customers.
TransCard prepaid products to financial institutions announced its new Traveler Prepaid Card. This card protects customers’ bank balances and credit lines if the card is ever lost or stolen. Financial institution customers can move money for their travels onto the Traveler Prepaid Card and leave their debit card and credit cards at home. With mobile account access for both Apple and Android users, tracking spending and balances on the Traveler Prepaid Card while on the road is easy and convenient.
Alaric fraud prevention and payments solutions partnered Mistral Mobile to enable financial institutions around the world to offer customers full financial services through mobile phones. This will use Mistral Mobile’s Money Mobility Suite for the interface with the mobile devices, supported by Alaric’s Authentic solution for transaction processing. The service can be used by any customer with any mobile phone. The partnership lets users update and add new features completely remotely and automatically, with no need for customer involvement in application updates. The system can connect to banks, card schemes and other payment schemes, and has the flexibility to be integrated into the wider banking system. The mobile solution will also integrate with Alaric’s Fractals fraud prevention technology, giving financial institutions the ability to detect and prevent merchant or micro-agent fraud.
Bluefin Payment launched its “PayConex Payment Gateway” and “CardConex Management System.” The solutions with integrated software vendors (ISVs) provides services to SaaS providers and major merchants in the insurance, health/fitness, faith-based, medical, legal, non-profit and transportation industries. The company has continuously provided debit, credit and ACH solutions for the last several years, but decided to brand their payment gateway as more payment and security features were added over the past 10 months. In 2Q/13, merchants will also have the ability to take mobile payments through Bluefin’s custom interface. The “CardConex” platform offers a Partner Portal and dashboard for resellers managing and submitting merchant applications through “PayConex.”
Bank of America introduced its BankAmericard Better Balance Rewards card. Rewarding customers with up to $100 annually for responsibly managing their monthly credit card payments, the new card allows customers to receive $25 for every quarter that they pay any amount more than the monthly minimum due and make payments on time. Also, cardholders receive $25 quarterly cash rewards when payments are made on time and for more than the minimum amount due, $5 bonus per quarter for having another qualifying Bank of America account and can choose to have their cash rewards automatically credited to their card balance or deposited into a Bank of America checking or savings account or Merrill Lynch Cash Management Account with no annual fee.
Chase launched a national advertising campaign to introduce Chase Platinum Business, offering dedicated customer support with free and discounted fees. Customers receive concierge-level service with an assigned banker and dedicated phone support. The advertising campaign features three Chase Platinum Business customers who tell their stories in extended-length videos and print and radio ads. This follows Mission Main Street, a 2012 effort that highlighted how Chase’s financing helped six entrepreneurs expand their businesses. Told from the business owners’ perspective, the videos capture the spirit of American enterprise.
The Bancorp Payment Solutions Group announced its TPC Payables Prepaid Visa Card has been recognized as a 2013 Paybefore Awards winner. Recognized in the “Best Business-to-Business Prepaid Card” category, the Payments Company (TPC) facilitates electronic payments between businesses, vendors, and employees. Backed by its proprietary software and AP advantage ePay Network, TPC provides a complete accounts payable disbursement solution that includes software integration, vendor enrollment, payment processing, and reconcilement. The Paybefore Awards is now in its seventh year.
U.S. Bank and American Red Cross partnered to provide disaster preparedness funding, opportunities for customer contributions, and increased employee volunteer opportunities. This partnership includes an annual commitment of $250,000 from U.S. Bank to help the Red Cross prepare for vital disaster services; the opportunity for customers to contribute at designated U.S. Bank ATMs when disaster strikes and U.S. Bank will kick off Employee Awareness and Preparedness Fairs for its 65,000 employees across the nation throughout the year.
Prepaid Resources prepaid debit and banking technology partnered IDology to incorporate advanced identity verification and pre-screening solutions. IDology will implement the Prepaid Resources “FraudGuard” fraud security services. The FraudGuard solution protects against unauthorized direct deposit enrollments. Using Prepaid Resources’ award-winning “BenefitsDirect” ‘Direct Deposit Management’ application. IDology is a provider of real-time technology solutions that verify an individual’s identity and deter fraud anywhere in the payments value chain.
BitPay bitcoin payment processing expanded its Seed round of funding by adding more angel investors, including Ben Davenport, Trace Mayer, and A-GRade Investments. BitPay now has over 3,200 merchants using its platform to accept bitcoin payments, and recently disclosed that in 2012 they processed over $3.3 million in bitcoin payments for its merchants. BitPay has developed significant expertise in this area, understanding all of the edge conditions and scalability issues that a company would face trying to use bitcoin, and this expertise puts BitPay way out in front of the bitcoin processing space. Having developed a suite of software tools that allow businesses to collect payments over the bitcoin peer-to-peer payment networ, BitPay can accept a payment from any country on earth, instantly, with zero risk of fraud.
Symphony Teleca Corporation has become a strategic development partner to Kovio NFC products and services. Symphony Teleca will leverage its expertise in the development of big data analytics platforms for retailers, brands, and consumer packaged goods (CPG) industries to co-develop mobile services and applications that enable marketers and advertisers to conduct dynamic and integrated NFC-based mobile marketing campaigns using NFC tags activated by consumers’ own NFC-enabled mobile phones. The development of NFC-based mobile marketing creates a new era in the way brand marketers engage consumers, drive conversion and build brand loyalty through opt-in, personalized, authentic, and contextual experiences at both point of purchase and point of use.