With three-year revenue growth of 820.6%, Retail Solutions has been named to Inc. 500 Magazine 2010 list of Americaâs fastest growing private companies. Retail Solutions is the largest and fastest growing company in the emerging field of Retail Execution Management and has developed a unique platform combining the industryâs most widely used Software-as-a-Service (SaaS) Demand Signal Repository to collect, cleanse and harmonize retailer data such as POS and inventory data, with a set of proprietary applications to predict and correct out-of-stocks, improve forecasting accuracy, design and execute more effective promotions and reduce inventory levels. Its SaaS turns downstream data from POS and customer loyalty data into actionable visibility into the store and onto the shelf.
TSYS has been named among the top 20% of publicly held companies throughout the Southeast region for corporate responsibility and sustainability KLD Research & Analytics. With this, TSYS was recognized with the highest honor for environmental, social and governance factors and policies in the first annual Southeastern Corporate Sustainability Rankings. In 2008, TSYS founded its “TSYS Green” sustainability committee to focus on reducing its global environmental impact by promoting corporate responsibility among its team members and in the communities where it has a local presence. The company also participates in a number of efforts to promote education, non-profit and community initiatives. The rankings were published in May 2010 to establish a legacy of corporate and social responsibility and advance efforts in the use of renewable, efficiency energy sources in the Southeast.
The number of small business owners disclosing economic conditions for their business was improving has dropped to 32% in 2Q/10 from the 39% seen in the year ago period. The Capital One Small Business Banking 2Q/10 “Small Business Barometer” suggest U.S. small businesses are experiencing stable or improved financial performance, but an increased number of businesses surveyed have grown more cautious about near-term plans for adding employees and spending on business development and investments. The Barometer also showed 43% of small businesses report stable conditions and 23% say economic conditions are getting worse. Additionally, 37% report their firmâs financial position is better than it was one year ago, consistent with last quarter but up 12 percentage points year-over-year; 43% report stable financial performance; 19% say that finances have worsened relative to one year ago; 25% believe the Gulf oil spill disaster will have a moderate to significant impact on their business and 17% say that itâs too early for them to predict whether or not their business will be affected.
Discover Financial Services has been named among Computerworld magazineâs â100 Best Places to Work in Information Technologyâ in 2010 at number 77. Marking the eighth consecutive year Discover has made the list, Computerworldâs annual â100 Best Places to Work in Information Technologyâ list honors organizations that challenge IT staff and promote the growth of the department. Companies are ranked after IT professionals are surveyed regarding company benefits, diversity, career development, training and retention. Computerworld is the leading source of technology news and information for IT influencers worldwide, providing peer perspective, IT leadership and business results.
The PayMaster Mobile POS solution allows retailers of any size to relieve the pain of fast-paced world in the form of lack of personalized customer service, long checkout lines, theft & inventory control, product returns, and non-repeat customers. Every sales associate provides one-on-one personal service from sale to checkout, thus improving the guestâs shopping experience and the retailerâs customer service index. A private company with headquarters in southern California, App Masters is a licensed member of Appleâs elite Worldwide Developers Program, and is staffed by only veteran developers with unprecedented levels of experience in designing, developing, and deploying mobile applications.
VeriFone Holdings secure electronic payment solutions posted its 2Q/10 net revenues of $261.0 million, compared to $241.0 million in net revenues in the previous quarter, and $211.2 million in the year ago period. Non-GAAP gross margins were 39.0%, compared to 39.0% in the prior quarter, and 37.0% for the comparable period of 2009. During the quarter, VeriFone North American outstanding revenue was up 39% from the comparable period of 2009, while internationally revenue was up 13% since the year ago period, mostly thanks to Latin American business having grown 73%, also since the year ago period. Additionally, VeriFoneâs Services revenue increased 66% year-over-year. VeriFone expects 3Q/10 net revenues of between $258 million to $263 million.
4Q/06: $216.6 million
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $185.5 million
1Q/08: $233.0 million
2Q/08: $258.7 million
3Q/08: $244.7 million
4Q/08: $214.0 million
1Q/09: $201.6 million
2Q/09: $211.2 million
3Q/09: $217.8 million
4Q/09: $223.4 million
1Q/10: $241.0 million
2Q/10: $261.0 million
Source: CardData (www.carddata.com)
Bridge Community Bank signed on with Aptys Solutions payments network provider to implement the “PayLOGIX” system. The common platform supports payment processing image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, in-network exchange (INEX) payment processing and mobile payments. The image exchange, ACH, and least cost routing components of “PayLOGIX” will allow Bridge Community Bank to participate in the NACHA-initiated Deposited Check Truncation (DCT) Pilot launching in August to identify and quantify cost savings for both originating and receiving financial institutions, as well as the ability of the ACH Network infrastructure to support these truncated items.
The STAR Network introduced its STAR “CertiFlash” PIN debit application. Strengthening POS security with one-time card number technology, the STAR “CertiFlash” technology is programmed onto a contactless chip embedded within a payment device. For each transaction, the chip encrypts and transmits a card number that is good for only a single use. With this, the consumerâs real account information is not used in the payment transaction, and so would not be available via STAR “CertiFlash” transactions to criminals hacking into a merchantâs system. The STAR EFT network has more than 2 million retail and ATM locations and is a First Data company.
Fiserv financial services has launched its “Mobile Source Capture” remote deposit capture solution to extend remote check capture to camera-equipped mobile phones. Leveraging Mobile Deposit technologies from Mitek Systems, “Mobile Source Capture” is a downloadable application for camera-equipped smartphones that allows users to securely take a picture of the front and back of a check and deposit the item electronically, without ever having to visit a branch, an ATM, the office or home. Users of Mobile Source Capture can deposit a check instantly from wherever they are to the financial institution for processing, clearing, settlement and posting.
Ideal Financial Solutions has added its new business to business income producing opportunity for its club members, adding to the company’s ever-diversifying programs to enable club members to earn residual income while continuing to help feed those in need. Ideal Financial Solutions (www.idealfsi.com) provides the education, support and automated tools to create additional cash resources, rapidly eliminate all non-asset-building debt and build financial independence. In debt relief services, Ideal uses its automated “CashFlow Management” tools and its Credit to Wealth Systems to assist individuals, families and small businesses in building financial independence.
Hypercom has made available its “HyperSafe Secure EFTSec Server 2.0” point-to-point payment data encryption system for processors and ISOs supporting Tier 4 merchants using Optimum T4200 countertop and M4200 mobile payment terminals in the United States. A key component of Hypercomâs “HyperSafe Secure” suite, “EFTSec 2.0” encrypts cardholder data during transaction processing, starting at the payment terminal and ending at a trusted point where the data is decrypted. The “EFTSec 2.0” leverages Hypercomâs proven EFTSec technology, which is the industry standard for payment terminal initiated link encryption in Asia and is the largest operational end-to-end encryption implementation worldwide.
More than 50% have a more positive impression of retail brands when they are given the flexibility to either sell a brand’s gift card for cash or use it at another online retail store. Also,
60% disclosed finding a brand’s gift cards for sale online at a 20% discount would improve their opinion of the brand, while the remainder would not change their opinion. These findings, according to Plastic Jungle gift card exchange, additionally found consumers find gift cards much more valuable when they can trade it from one store to another. Plastic Jungle gift card exchange lets users sell, buy or donate gift cards in a trusted environment.