MasterCard has posted its 1Q/11 net income way up since last year to $562 million by 23.6% as its net revenue was also showing growth by 14.8% since last year to $1.5 billion. Mastercard has a 12.8% increase in gross dollar volume on a local currency basis to $728 billion, an increase in cross-border volumes…
FIS banking and payments technologies posted its 1Q/11 revenue up 12.0% to $1.38 billion from the year ago figure of $1.24 billion, $614.5 million of which was contributed through its Payment Solutions Division. With this, adjusted net earnings from continuing operations totaled $137.7 million compared to the year ago figure of $156.5 million. In conjunction,…
SCORE and American Express OPEN has opened the curtain on the “Small Business High Speed Growth” multi-city tour schedule. Helping small business owners develop strategies and provide educational and coaching programs on new opportunities for business growth, “Small Business High Speed Growth” expands on the “Small Business Speed Coaching Test Drive” event series to allow participating small business owners to ask questions on a variety of topics ranging from surviving the current economy to finding the “right” customers. With businesses for the first time since 2006 indicating growth takes priority over survival, economic recovery is imminent and reaching Main Street, given 35% are currently seeking to expand their workforce.
The “Small Business High Speed Growth” kicksoff in Washington, DC on May 9, then it’s off to Minneapolis/St. Paul, MN on June 7, followed by Portland, ME on June 21, Orange County, CA on July 13 and in New York, NY sometime in October. Sessions offer small business owners sessions with experienced business coaches from SCORE in roundtable sessions with an experienced SCORE coach discussing issues facing challenges that small businesses face, as well as, exclusive one-on-one evaluations and discussions. The marketing workshop offers an interactive discussion of cost-effective, creative, integrated marketing solutions”including online marketing tactics and everyday promotional resources business owners may not have considered.
TSYS has acquired TermNet Merchant Services merchant acquirer, which will subsequently be re-branded TSYS and fully integrated into its “Merchant Solutions” division. TermNet has a 25-year history in merchant acquiring and is ranked as the 52nd-largest merchant acquirer in the U.S. by dollar volume. TSYS Merchant Solutions will now serve more than 327,000 merchant locations across the United States with this latest expansion. TSYS supports cross-border payments in more than 85 countries, offers merchant payment-acceptance solutions and credit, debit, prepaid, mobile, chip, healthcare, installments, and money transfer services.
Mary Shea has been appointed Chief Commercial Officer with InContext Solutions 3D Internet-based virtual store environments for research, innovation and ecommerce applications. Most recently with Frontier Strategy Group information and advisory services firm focused on emerging markets, Shea also held the role as Chief Commercial Officer, during which time she tripled revenues, increased measured client satisfaction rates and built a 40 person worldwide sales and services organization. At InContext Solutions her responsibilities will include developing the company’s commercial strategy, directing the sales and marketing activities and positioning the company for rapid expansion. Mary holds a a Ph.D. in Musicology, is a former professional oboist and college professor.
Open Solutions relationship-centered core banking platforms for financial service providers launched its “DNAappstore” (www.dnaappstore.com) online marketplace to advance global collaboration and innovation for the financial services industry, and “DNAcreator” suite of tools for creating said applications. Open Solutions partners, clients and independent developers can leverage “DNAcreator” to build and share custom applications (DNAapps) that exponentially broaden a client’s core banking capabilities. DNAapps can then be made available on the “DNAappstore” allowing the industry’s best ideas and solutions to come together in a single collaborative global marketplace, which allows developers to share their applications and interact directly with other developers to accelerate collaboration.
American Express welcomed 75 emerging nonprofit leaders to the American Express Leadership Academy, which will run at both the company’s New York headquarters and at the Thunderbird School of Global Management in Glendale, Ariz. The American Express Leadership Academy is an international training program, conducted in partnership with the nonprofit Center for Creative Leadership, designed to develop the next generation of leaders in the nonprofit sector. Participants in the program are selected based on a competitive application process from national and local nonprofit partners to hear from American Express senior executives on such topics as media training, leadership training, experiential exercises, individual executive coaching, and team activities. The American Express Leadership Academy at Thunderbird in Glendale is an extension of Thunderbird’s existing Academy, a program that American Express has supported since its inception, for leaders in the social sector.
CBOSS PCI DSS-compliant, secure online payment solutions for healthcare as well as government and regulated industries, announced that the firm’s ongoing partnership with the Hometown Health Network has lead to the development and launch of two important new online payment services, in addition to a new online portal presence. The CBOSS “Central Payment Portal” (CPP) provides a secure, web-based, hosted service that allows businesses to automate formerly manual payment processing operations, creating a significant improvement in operational efficiency. Its Level 1 PCI-DSS compliance ensures the CPP was able to deliver the reliability and security that Hometown Health insisted upon for their payments solution for their members, giving patients access for making credit card or e-check payments online.
Compass Plus retail banking software and electronic payments systems has made available its “TranzWare Online Universal Payment Gateway.” This allows financial institutions and other payment processors to quickly build interfaces for the connection to payment or billing applications. This accelerates the development of interfaces in-house, streamlining operations, reducing development costs and speeding time to market. The “TranzWare Online” platform allows financial institutions to extend interfaces and deliver new services and features to customers. Institutions can also switch, route, authorize and manage electronic payments from multiple devices and delivery channels all on a single platform.
A new consumer discovery panel study by Simon-Kucher & Partners, global strategy and marketing consultancy reveals 76 percent of ‘Generation Y’ consumers (18-26 year olds) would consider a monthly fee of £5.00 a fair price to pay for mobile banking. Findings demonstrate how mobile banking could provide a new revenue source for banks instead of providing the service for free. This Generation Y demographic – equating 12 percent of the UK population – represents an untapped opportunity for banks. Most banks see mobile banking as a means of reducing costs by migrating expensive branch and call-centre transactions to mobile devices. Consequently, mobile banking is offered free. Notably, respondents’ preferences for service declined with the increasing richness of functionality. Informational services were considered most important (81 percent), followed by transactional (69 percent) then interactive (53 percent).
WorldPay global payments provider is set to acquire Envoy Services alternative payment solutions to eCommerce merchants worldwide for an undisclosed terms. Envoy is a UK FSA-regulated global payments service that offers single point access to popular local payment and collection services worldwide. The company provides international eCommerce merchants with the broadest coverage for alternative payment acceptance through a global network of over 200 local bank accounts and 40 alternative payment services as well as a leading fraud screening service. The company is headquartered in London.Following the acquisition, Envoy will continue to operate its current business model, and the existing Envoy management team will join the senior leadership of WorldPay’s eCommerce business unit.
Precidia Technologies Internet Protocol (IP) payment and networking products announced Ceridian Stored Value Solutions (SVS) prepaid card solutions has certified Precidia’s “TransNet” payment engine software and POSLynx220 payment router for use by Arby’s. This certification broadens the list of transaction processors that can be chosen by users of the TransNet integrated payment solution, a list that has grown to more than 25 certified processors. TransNet is payment engine software that integrates with POS systems, ECRs and payment terminals. This solution is uniquely designed to maximize data security and deliver unparalleled flexibility to the merchants that use it.