VeriFone Posts 1Q/13 Revenue Projection

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone expects to report 1Q net revenue between $425 million to $430 million and net revenues between $424 million to $428 million. VeriFone expects to report non-GAAP net income per share between $0.47 and $0.50 and GAAP net income per share between $0.07 and $0.10. The revision was driven by weak…

MoneyGram Sees 4Q/10 Revenue Up 13%, Booming Network

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, now with a global network of more than 310,000 agent locations, posted 4Q/12 money transfer fee and other revenue constant currency growth of 13%. Meanwhile, transaction growth was more than 14%, thanks in great part to a growing agent network. Over the past 30 months, MoneyGram added 100,000 agent locations-…

MoneyGram and CUNA Mark 40 Years Serving Credit Unions

MoneyGram and CUNA Strategic Services (CSS) are commemorating their 40-year relationship of working together to provide credit unions across the U.S. with affordable, reliable and convenient payment services. The strength in their partnership is in great part thanks to a fast growing unbanked and underbanked population. MoneyGram will be part of the CSS providers showcased on the main aisle in the exhibit hall, where it will feature its full suite of payment solutions available to credit unions.

TSYS Expands Internationally with LINK Scheme

TSYS is now a Certified Service Bureau of the LINK Scheme and will subsequently begin processing ATM transactions through the network for its first client in 2013 and will have the ability to process LINK transactions on behalf of any LINK member. LINK ATM network has more than 35 member institutions, including various banks and building societies and connects virtually every ATM in the United Kingdom, operated by VocaLink.

ACE Cash Express Adds MoneyGram Online Services

MoneyGram announced ACE Cash Express has added its online service to its “Cash Express” website. Available to customers now, the Moneygram service features a link on ACE Cash Express’ Web site where customers can connect directly to MoneyGram to send money and pay bills. The online collaboration between MoneyGram and ACE Cash Express builds on more than a decade since the two financial services companies started working together. ACE Cash Express online consumers click on the MoneyGram Online icon and will be taken to the home page of MoneyGram where they can estimate the cost of sending a transaction, send a money transfer, or pay a bill.

Katahdin Trust Deploys Fiserv Platform

Katahdin Trust Company has chosen the Fiserv Premier bank platform, as well as a comprehensive selection of additional solutions from Fiserv. Fiserv allows Katahdin Trust Company to effectively compete with larger banks in its market by quickly bringing innovative products and services to its customers. One such product, Mobile Source Capture(TM) from Fiserv, turns a smartphone into a deposit-making device, enabling consumers and small businesses to safely and securely deposit checks from any location. Technology provided includes business online banking, wire services and check capture to make business banking easier and expand beyond the bank’s traditional geographic footprint. The institution will also deploy Fiserv “Popmoney” for person-to-person payments, “CheckFree RXP” for bill payments, “Mobiliti” for mobile banking, “Business Online” and “Retail Online” for online banking, “Branch Source Capture,” “Merchant Source Capture” for check capture and “WireXchange” for wire transfers, along with a host of other services.

TSYS Acquires NetSpend for $1.4B

TSYS payment solutions and NetSpend general purpose reloadable (GPR) prepaid debit cards signed a definitive agreements by which TSYS will acquire NetSpend for $1.4 billion, cash. TSYS expects the transaction to be accretive to GAAP EPS for the first 12 month period following closing, excluding one-time acquisition related fees and expenses. NetSpend’s extensive distribution network provides consumers the ability to purchase prepaid debit cards at more than 62,000 distributing merchant locations, such as retailers, check cashers, convenience stores, grocers, insurance providers, tax preparers and many others. NetSpend currently serves more than 2.4 million accounts of which 46% are direct deposit.

Michael Waltrip Racing Teams CardStar on Mobile App

Michael Waltrip Racing (MWR) has teamed up with CardStar from Constant Contact to give key sponsors and NASCAR partners an easy way to reward loyal fans through the CardStar app. MWR has a perfect opportunity to reach fans with targeted content and promotions through their smartphone. Race fans can become an MWR Insider anytime by downloading the CardStar app and the MWR Insider Card. The card gets them access to MWR merchandise and exclusive offers from partners and sponsors, like Aaron’s, 5-Hour ENERGY, and Monte Carlo Resort and Casino, right from their phone. The program will also drive foot traffic through geo-fencing capabilities that push special offers directly to the phones of consumers who are near participating local businesses. CardStar’s free mobile loyalty application is available on all major mobile platforms. CardStar has more than 3 million active users, and with users in all 50 U.S. states and 173 countries worldwide.

Conference Board Economic Index Continues Momentum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.2% in January to 94.1 after a 0.5% gain in December and a flat November. Indicating a slow but continued expansion in economic activity, this growth was also thanks to improvements in housing permits and financial components helped boost…

Western Union Certifies Ericsson mWallet Platform

Western Union Company global payment services certified the Ericsson Wallet Platform, allowing Ericsson to offer its operator customers the ability to include Western Union® Mobile Money Transfers in their financial services portfolios. The Ericsson M-Commerce services portfolio is designed to unlock the potential of the mobile wallet, fast-track mobile operators’ time to market for deploying mobile financial services, and support the rapid adoption of m-commerce by their subscribers.

Average Card Rates Demonstrate Atypical Stagnation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs did not experienced the typical post-holiday season plummet from January to February, holding at a steady 14.96% February average. Slightly higher than the 14.91% average measured the year ago period, the average credit card APR has settled just below 15%. This after a nearly 0.50% jump in…

Visa to Showcase mPayments at mWorld Congress in Spain

Visa, in collaboration with mobile operators is set to demonstrate at the Mobile World Congress 2013 in Spain. Visa’s product showcase will provide attendees the NFC Mobile Payment Experience, for which it partnered with Telefonica, La Caixa and the GSMA to provide select Mobile World Congress attendees with a hands-on mobile payments experience. Also Visa and GSMA will release a new five-country study, “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,” offering insights on how mobile financial services can better support the complex financial lives of women at the base of the pyramid.