Elavon Launches Mobiel Payment Solution

Elavon global payment solutions provider has launched its “MobileMerchant” payment solution that transforms mobile devices into payment terminals, allowing businesses to accept card payments quickly and securely anywhere, anytime, without a major investment of money or effort. MobileMerchant’s payment app is paired with a Chip and PIN card reader, allowing payments to be processed using BlackBerry® or Android® smartphones and tablets. Targeting small businesses on the go, “MobileMerchant” is also useful for companies with mobile field operatives that would like to extend the convenience of credit and debit acceptance to their customers.

USA Technologies Hits Performance Milestones

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced that it had achieved two significant performance milestones in May”its ePort Connect® customer base climbed to over 3,000 and connections to its ePort Connect service crossed the 155,000 mark. Compared to just one…

CreditCall and Elavon team on mPayments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CreditCall, the specialist payment gateway and EMV Chip technology provider, revolutionises the way businesses take payments in the UK. By incorporating CreditCall’s CardEase Mobile technology into Elavon MobileMerchant, the world’s first Chip and PIN card reader and mobile payment app for Android and BlackBerry smartphones and tablets becomes available. This offers…

GuestLogix POS Apps Available for iOS, Android & Tabs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As airlines introduce popular consumer mobile devices for use by cabin crew onboard in order to increase operational efficiencies, GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced the availability of its popular onboard retailing technology for…

PCI Council Releases mPayment Guidance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The PCI Security Standards Council (PCI Council) provided guidance to merchants as an initial step in identifying measures that can be taken to facilitate secure acceptance of payments using mobile devices such as smartphones or tablets at the point-of-sale. In particular, the PCI Council’s guidance is intended to provide merchants with…

WorldPay Launches RFI and Chargeback Management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WorldPay, the global leader in payment processing, risk and alternative payments has launched Dispute Management System (DMS), a pioneering technology that automates the monitoring and processing of Requests for Information (RFI) and chargebacks, saving merchants considerable time and resource. DMS is a secure chargeback management platform that allows merchants to respond…

Bank of America to Sell Remaining Interest in Archstone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America announced that it and Barclays Bank PLC have entered into an agreement with Equity Residential and Lehman Brothers Holdings Inc. pursuant to which Bank of America and Barclays will sell their remaining 26.5 percent interest in Archstone, a privately-held owner, operator and developer of multifamily apartment properties, for…

Lehman Brothers to Acquire Remaining Stake in Archstone

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Lehman Brothers Holdings Inc. announced today that it has exercised its right of first offer to purchase the remaining stake in Archstone held by affiliates of Bank of America and Barclays Capital (“the Banks”), which will give Lehman full ownership of Archstone. This transaction follows Lehman’s purchase in January 2012 of…

Protegrity Deploys Vaultless Tokenization for Payments Industry

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Protegrity, a leading provider of end-to-end data security solutions, announced Protegrity Vaultless Tokenization for the Payments Industry, the first and only offering that enables processors and gateways to cost-effectively provide tokenization services across their entire client base. Protegrity now supports the largest companies in the payments industry with a lightweight tokenization…

Alibaba.com Shareholders Approve Privatization

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Alibaba Group Holding Limited (“Alibaba Group”) and Alibaba.com Limited (HKSE: 1688; 1688.HK “Alibaba.com”) jointly announced that the proposal for the privatization of Alibaba.com by way of a scheme of arrangement (“Scheme”) has been approved by a sufficient majority of the independent shareholders of Alibaba.com at the Court Meeting today. Approximately 95…

Cardholders Charge it Up and Pay it Off

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite the latest data showing a 7.8% explosion in consumer charge-ups, charge-offs continued improving. For the fourth straight month, charge-offs fell in May, this time to 5.17% as losses recorded a decrease of 34% from the year ago period. This compares to the April figures of 5.18% and the year ago…

VeriFone Posts 2Q/12 Revenue Up 64%

VeriFone Systems posted its revenue for the three months ended April 30, 2012 of $479 million, compared to $425 million in the previous quarter and $293 million for the comparable period of fiscal 2011 for a 64% year-over-year increase. GAAP net revenues were $472 million for the latest quarter, $420 million for the prior quarter, and $292 million for Q2 FY11. Non-GAAP net revenues excluding revenues from businesses acquired in the past 12 months increased 15% from the year-ago quarter. Hypercom-brand non-GAAP net revenues increased $8 million sequentially to $81 million in Q2 FY12. Meanwhile, net income per diluted share for Q2 FY12 was $0.64, compared to $0.58 in the prior quarter and $0.46 for Q2 FY11, a 39% year-over-year increase.