USA Technologies Receives $3mm Commitment Letter

USA Technologies has received a commitment letter from Avidbank Corporate Finance to establish a $3.0 million, one-year secured line of credit. The credit line is part of USA Technologies’ strategy to assist in the accelerated transition of cashless payment systems and services in the unattended small-ticket, retail market through its JumpStart program. The amount of funds to be made available to USAT under the line of credit would be based upon a percentage of eligible accounts receivable and license and transaction fees to be specified in the loan agreement.

Prepaid Press Expo Slated in August

The Prepaid Press Expo announced its slate of speakers for “The Prepaid Press Expo ’12” to be held at the Paris Hotel, Las Vegas, August 6-8, 2012. Two days of conference sessions will include speakers from a diverse group of prepaid companies, including: InComm, NetworkIP, Fiserv, Prepaid Resources, Auris Technologies, Lunex Telecom, CHARGE Anywhere, Giftango Corporation, Paymentez, First Data and many others. Top analysts from Mercator Advisory Group will lead “Focus on Payments,” a special three-session program covering topics relating to the Alternative Financial Services Market.

Peoples Credit Union Deploys VSoft Check Processing

VSoft Corporation process improvement solutions for financial institutions announced FL-based Peoples Credit Union will implement its back counter check processing solution. VSoft was implemented for its flexibility and efficiency afforded by its back counter solution as well as the ability to outsource check processing. VSoft’s back counter capture solution features automated image and data workflows, which capture, correct, and balance transactions and include comprehensive validation features, reducing errors and accelerating processing.

RBS Citizens to Host Financial Forum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] RBS Citizens announced it will host a series of complimentary Financial Forum webinars related to issues in Cash and Treasury Management. The next webinar entitled Payments Risk and Security will be held June 13, 2012. The Financial Forum webinars are designed to provide corporate treasurers with up-to-date information on a variety…

SecurityMetrics Online Scoping Tool Modeled After Live Scoping Call Center

Responding to payment industry needs, SecurityMetrics released a new online PCI DSS scoping tool called SecurityMetrics Expert that simplifies and increases the accuracy of identifying merchant PCI validation types. After nearly half a decade of customer research at SecurityMetrics’ award-winning call center, SecurityMetrics software engineers modeled the online tool after SecurityMetrics’ live scoping experience, enabling its customers to easily determine their business’ Self Assessment Questionnaire (SAQ) type and scanning requirements. The streamlined interface of SecurityMetrics Expert enables the majority of merchants to take an average of 5 minutes to complete the process without compromising scoping accuracy.

PassportParking Launches Mobile Payment System

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Passport Parking, LLC added mobile payment to their suite of cloud based parking solutions. PassportParking Mobile Pay has been developed to enable providers greater operational efficiency through real-time monitoring and control of their facilities. The mobile application can be downloaded through the App Store and the Android Market, or from the…

AvaTax POS Partners Ektron Web Content Management

Avalara (http://www.avalara.com) sales tax automation for businesses announced Ektron web content management and marketing optimization joined its list of solution partners. Avalara’s solution partners are software publishers that integrate Avalara’s software as a service (SaaS) offering for sales tax management directly into their own applications. Avalara has concentrated on building solution partnerships since its inception and today its partner applications on enterprise resource planning (ERP) and financial/accounting, POS, ecommerce, mcommerce, and customer relationship management (CRM) systems.

Paypal Pivitol to mCommerce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Over the past 60 days, ShopVisible, selected by the SIIA CODiE Awards as Best Ecommerce Solution 2012, conducted research spanning 23,000 web and mobile transactions. In thousands of mobile transactions, 67% of customers used PayPal or an alternative payment method while only 33% chose to pay by credit card. In web-only…

ShopKeep POS Selects Perka Customer Loyalty Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Say goodbye to paper punch cards and coupons. This weekend, at Coffee Fest Chicago 2012, Perka and ShopKeep POS, the simplest way to make smarter business decisions, will announce plans for an integrated iPad POS solution to enable merchants to get to know their customers on a first name basis, and…

TowerGroup and Axway to Host Financial Services Webinar

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Axway, the Business Interaction Networks company, announced it will host a webinar entitled “Visibility and Operational Risk in Financial Services – If You Can’t See It, You Can’t Manage It” on Tuesday, June 12, 2012. The webinar will be hosted by former TowerGroup analyst Susan Feinberg, who is now director, financial…

Datacard Group to Present at ACT Canada Cardware Conference

Datacard Group announced that Mike Vaselenak, director, instant issuance in Canada for Datacard Group will be speaking at the Cardware 2012: Payment Insights conference in Ontario, Canada. The session, titled “A Roadmap for Instant Issuance” will be held at the Marriott Gateway on the Falls, in Niagara Falls, Ontario, Canada on Tuesday, June 19th. Part of the Technology track, the presentation will outline how card issuers can benefit from instantly issuing EMV®-compliant financial cards. The presentation will also provide real business cases for instant issuance as experienced by other financial issuers. In addition, Vaselenak will discuss industry best practices and the current and upcoming technology options that are available to instant card issuers.

Amidst Strong Performance, Mastercard ReElects Exec Team

Having held its Annual Meeting of Stockholders, MasterCard announced directors were re-elected with a term to expire in 2013. They include Ajay Banga, President and Chief Executive Officer, MasterCard Incorporated; David R. Carlucci, Former Chairman and Chief Executive Officer, IMS Health Incorporated; Steven J. Freiberg, Chief Executive Officer, E*TRADE Financial Corporation; Richard Haythornthwaite, Chairman of the Board, MasterCard Incorporated, Non-Executive Chairman, Network Rail; Marc Olivié, President and Chief Executive Officer, W.C. Bradley Co.; Rima Qureshi, Senior Vice President and Business Unit Head, CDMA Mobile Systems, Ericsson; Mark Schwartz, Chairman, MissionPoint Capital Partners, LLC; Jackson P. Tai, Former Vice Chairman and Chief Executive Officer, DBS Group and DBS Bank, Ltd.;