CHARGE Anywhere has contributed their multi-award mpayment solution to the annual Chicago Bulls/Verizon Wireless Charity Golf Outing. By providing these PCI validated payment solutions, CHARGE Anywhere makes it possible for the Chicago Bulls to securely accept credit card payments and donations during the golf outing using Motorola Droid smartphones provided by Verizon Wireless. CHARGE Anywhere’s PCI PA DSS validated mPOS solutions will allow “CharitaBulls” to accept credit card payments anywhere on the golf course for raffles and donations in a secure environment, ensuring ease of payment and helping eliminate security risks.
Global Payments payment processing and gaming cash access inked agreements to provide six casinos with its VIP LightSpeed cash access products. The casinos have signed contracts to utilize various LightSpeed products including VIP Preferred check-cashing services, “PlayerCash @dvantage” credit and debit card cash advance services, and ATM Cash @dvantageÂ® electronic check transactions at the ATM. Global Payments will provide gaming services to Coeur D’Alene Casino Resort Hotel in Worley, Idaho and to the Lucky Eagle Casino in Rochester, Washington. Global Payments’ services in California will be provided to Cache Creek Casino Resort in Brooks, Sycuan Casino & Resort in El Cajon, Lucky Chances Casino in Colma, and Blue Lake Casino & Hotel in Blue Lake.
Gemalto has reported 1H/10 revenue growth of 5% to EUR840 million while its software and services revenue expanded 48% to EUR110 million. Profit from operations was EUR67 million. Gross profit, meanwhile was EUR290 million, operating expenses were EUR211 million and net profit was EUR68 million. This was thanks in large part to favorable conditions and acquisitions early in the Company’s development plan and is in line with its 2013 objective. With this, Gemalto is confident in reaching 2H/10 revenue of more than EUR1 billion. Gemalto saw 2009 annual revenues of EUR1.65 billion, and has over 10 thousand employees operating out of 75 offices, research and service centers in 41 countries.
Wells Fargo has expanded its “ExpressSend” remittance network in Mexico through an agreement with Houston-based Transnetwork Corporation. Adding more than 4,000 payout locations in Mexico for a total of more than 9,000 locations, the remittance payout network with the expansion includes Soriana, Famsa, BBVA Bancomer, HSBC Mexico, Banorte and Telecomm Telegrafos. This allows more customers to send money directly to their beneficiary for one low transfer fee. Transnetwork provides a turnkey solution to money transfer organizations and banks by offering a large and diversified payment network in Mexico and Latin America.
Todd Linden has been appointed Senior VP of Strategic Market Development with Merchantsâ Choice Payment Solutions (MCPS). In his new role he will be responsible for the expansion of the merchant business, financial institutions, and independent sales organizations serviced by MCPS and oversee strategic growth initiatives for the Company. He most recently held the position of Senior VP of Business Development for EVO Merchant Services after having served as Senior VP and Division Manager of Operations at NPC, president and COO of Card Commerce International, and held several key management positions at Bank of America Merchant Services. Choice Payment Solutions (MCPS) processes more than $3.4 billion in annual credit card volume for over 41,000 merchants.
Applied DNA Sciences DNA-based security solutions has introduced its “Cashield” cash degradation inks that permanently stain bank notes stolen from cash-handling or ATM systems. Cashield extends APDN’s offering beyond its prior singular product, AzSureâ¢, to a family of security inks that include Red, Violet, Green, Teal, Indigo and the original AzSure blue. A study at the University of Leeds had previously found AzSure’s performance to be “best-in-industry.” APDN also announced that Cashield has been certified for use in the EU by Laboratoire National de MÃ©trologie et d’Essais (“LNE”). Cashield yields a non-removable stain that allows police and officials to identify stolen cash.
Discover Financial Services has inked agreements as the title sponsor for the 2011-2014 Orange Bowl Games and the 2013 BCS National Championship Game and will now be known as the âDiscover Orange Bowl.â Also, the 2013 BCS National Championship game to be hosted by the Orange Bowl in South Florida will be named the â2013 Discover BCS National Championship Game.â Under the partnership, Discover will be the official card of the Orange Bowl and the Bowl Championship Series. The four-year deal includes the multi-media integration of Discover as part of ESPNâs season-long college football coverage and marketing.
MoneyGram International is donating to relief efforts for the devastation caused by flooding in Pakistan with a portion of its send fee from every money transfer sent to the Country from participating countries. Beginning August 20th through September 20, $3 USD from each transaction made to Pakistan will be donated to the American Red Cross to support relief efforts in Pakistan. All MoneyGram agents in Pakistan, including Bank Al Falah, MCB Bank and Wall Street Exchange, are currently conducting business and thus recipients can readily collect remittances. This is in response to the more than $1 million in community support included global relief efforts after disasters in El Salvador, India, Indonesia, the Philippines, Samoa and Tonga.
Rapid7 unified vulnerability management and penetration testing solutions has fully prepared to support the new changes to PCI DSS requirements for vulnerability scanning. With a September 1, 2010 deadline, many existing ASVs are turning to Rapid7, who contributed to the PCI SSC Task Force in the development of the new requirements captured in the Technical and Operations Guide version 1.2. The new version includes considerable changes in the way ASVs and their customers operate and interact, requiring additional information and justification. One of the PCI DSS changes includes a new scoring system of vulnerability checks that are relevant to PCI compliance scans conducted by ASVs. This scoring system replaces the legacy five-point scoring system.
Intuit and mophie has made available its “Complete Credit Card Solution” all-in-one product allowing small businesses to process credit card payments via the Apple iPhone. Integrating Intuit’s “GoPayment” credit card processing app and merchant account with the mophie marketplace iPhone credit card reader, “Complete Credit Card Solution” is now available in Apple Retail Stores and soon on Apple.com. Intuit GoPayment is designed to let merchants start processing credit cards on their iPhones in as few as 15 minutes and is compatible with “QuickBooks” Mac to help save time in keeping business financial files up to date. The Intuit Merchant Account application process is designed to let small business owners easily and quickly apply and be approved to start processing credit cards. The clip-on mophie marketplace card reader allows merchants to save time by securely swiping credit cards instead of entering numbers by hand.
uMonitor innovative financial software solutions for customer acquisition and retention operational excellence, announced that it ranked on the 2010 Inc. 5000 list for its third consecutive year. The company’s 191 percent revenue growth from 2006 to 2009 earned it a place among the nation’s fastest-growing private companies. uMonitor offers a wide range of Web-based solutions specifically designed to help financial institutions improve efficiencies and provide the most up-to-date online banking services. Its solutions enable financial institutions of all sizes to increase profitability, generate new revenues and improve regulatory compliance and employee productivity.
The number of banks and credit offering free checking in the last year dropped 11% since the year ago period. This year, 72.5% of banks and credit unions offer free checking accounts to consumers vs. 83.5% in 2009. These findings, according to a national study of 2,265 financial institutions by Moebs Services, demonstrate the impact of the new financial regulation that went into effect on August 15th, the weak economy, and the Wall Street banks moving away from free checking. Also, only 63.6% of Wall Street banks offer free checking in 2010, compared with 92.6% in 2009, while community banks free checking declined to 71.7% from 78.3% and credit unions fell to 73.4 from 89.3%.
Regular Regular Interest Interest Interest
Checking Checking Checking Checking Checking
Balance Fee Balance Fee Rate
Community Banks $ 500 $ 6.50 $ 1,000 $ 9.00 .15 %
Credit Unions $ 300 $ 5.00 $ 500 $ 5.00 .20 %
Wall St. Banks $ 875 $ 9.75 $ 2,250 $ 14.00 .05 %