The Conference Board Leading Economic Index for the U.S. was 0.8% in May to 114.7 (2004 = 100) after dropping 0.4% in April and shooting up 0.7% in March. The Coincident Economic Index (CEI) meanwhile was up 0.1% to 102.9 (2004 = 100) after a 0.1% increase in April and a 0.2% increase in March.…
Cardtronics forged definitive agreements to acquire EDC ATM Subsidiary, LLC and Efmark Deployment I for $145 million, plus or minus an adjustment for working capital as of the closing date. Cardtronics will acquire all ownership interests in EDC’s ATM business, including approximately 3,700 ATMs, as well as numerous ATM placement agreements with high-traffic U.S. retailers and ATM branding contracts with some of America’s largest financial institutions. EDC operates nationwide with an ATM placement portfolio focused on multi-state retail operators and high transacting merchant locations, such as convenience stores. After closing, Cardtronics will own and operate 23,500 US ATMs, 14,700 branded ATMs in the US and own, manage and operate over 41,000 machines worldwide.
Relevant Security Corporation achieved PCI-DSS compliance in the configuration of the RS enterprise security appliance product line. A comprehensive analysis was performed on the Relevant Security RS10, RS100 and RS1000 appliances to determine compliance with the PCI-DSS. The RS appliances are designed to provide secure point-to-point and point-to-multipoint communication in the enterprise WAN environment, including transporting cardholder data. The RS appliances provide organizations with a simplified and compliant ability to manage encryption keys for transmission of cardholder data while its use of Real Privacy Management removes most of the challenges of key management for the merchant that have been found in many other end point encryption solutions.
NACHA has become a Forum member with the Interactive Financial eXchange Forum, for which it will be active in the Forum’s Liaison and Interoperability Working Group (LIWG), which was launched this spring as a center of expertise within the Forum for interoperability with external standards and communications with organizations that develop them. The IFX Forum is an international non-profit industry association whose mission is to develop and promote the adoption of its open, interoperable standard for financial data exchange, IFX, which is available at no charge at http://bms.ifxforum.org/.
Bill.com integrated bill payment, online invoicing and cash management solutions for small- and medium-sized businesses (SMBs) and accounting/bookkeeping firms, has been selected as a recipient or finalist for three major industry awards. These include Red Herring Top 100 North America Tech Startup; CPA Technology Advisor Innovation Award; and the 2011 American Business Awards Finalist. Leveraging Bill.com as their daily financial hub, businesses gain dramatic time and cost savings through unique and proprietary payment processes that enable efficient collaboration internally and with their vendor and customer networks.
Netbiscuits software service for cross-platform mobile sites and apps is set to offer retailers the PayPal “Mobile Express Checkout” online payment service’s two-click mobile payment system for the mobile Web. With this, PayPal’s “Mobile Express Checkout” service will be available to Netbiscuits-powered retailers worldwide. Netbiscuits provides its solution that allows retailers to develop and manage mobile commerce Web sites in-house and build sustainable mobile strategies based on their own hands-on experience. Its retail and e-commerce customers benefit from the standardized interfaces which Netbiscuits provides for leading e-commerce software solution providers such as Oracle ATG, GSI Commerce, Demandware, Intershop and others.
Liaison Technologies (formerly nuBridges) senior director of Pre-Sales and Professional Services, Abir Thakurta, will discuss the benefits of data tokenization in IBM Z and mainframe environments to reduce risk and achieve compliance with the PCI DSS in two presentations on June 22 and 23, respectively, at the Vanguard Security & Compliance 2011 conference at Harrah’s Las Vegas. Tokenization on the Z Securing Sensitive Information using Data Tokenization. The second is Mainframe Data Tokenization Success Stories: Applying PCI Best Practices to Securing Sensitive Data.
Elavon global payments provider and wholly-owned subsidiary of U.S. Bancorp won the Merchant Acquirer of the Year Award at the Cards & Payments Europe 2011 Conference and Awards Dinner. Cards & Payments Europe is a European Conference, running for its 24th year in 2011. Finalists for the awards were judged in eleven separate categories for their achievements over the last 12 months by a panel of five judges. Elavon is wholly owned by U.S. Bancorp and provides end-to-end payment processing solutions and services to more than one million merchants Internationally.
The Citi “OpenWealth” platform has received an award for Excellence in Business Process Management from FSO Knowledge Xchange. The FSOkx Excellence and Outsourcing Awards honors those firms that transform financial services. The awards are determined by a panel of judges comprised of thought leaders in the financial services industry. OpenWealth, the first UMH platform, was previously named the 2011 Managed Solution Innovator of the Year by Money Management Institute for the second year in a row. The “OpenWealth” platform aggregates household level data across wealth management platforms, investment managers and third-party custodians, and offers award-winning unified household capabilities — a front-to-back solution that eases key operational and administrative burdens and lets managers focus on building relationships and growing their business.
Extrabanca SpA will provide global remittance services to customers using BNY Mellon’s Remit Worldwide global remittance solution. Extrabanca focuses on the needs of immigrant customers, offering extended hours, weekend openings and customer service in more than a dozen languages. Relying on Remit Worldwide as its remittance platform, Extrabanca can now provide customers with a remittance service designed to transfer payments safely and securely to receiving banks.
Merchant Link “TransactionShield” and “TransactionVault” solutions can significantly reduce merchants’ PCI DSS scope, according to an independent security assessment released by Coalfire Systems. The Payment Card Industry (PCI) Qualified Security Assessor (QSA) and Payment Application Qualified Security Assessor (PA-QSA) company validated Merchant Link’s “TransactionShield” point-to-point encryption (P2PE) solution that ensures that customer data is secure from the moment their credit card is swiped, which removes customer credit card data where it would be at risk from hackers to Merchant Link’s hosted vault. TransactionVault can eliminate post authorization storage of cardholder data from a merchant’s network by storing it in Merchant Link’s PCI DSS compliant data centers.
Seamus Smith has been appointed Managing Director with PayPoint UK. To focus on the UK and Irish retail network business, Seamus brings to PayPoint a wealth experience, most recently seasoned as Vice President & General Manager, EMEA for American Express Global Network Services (GNS). He has previously worked for GE Capital Consumer Financial Services and the Automobile Association and he holds an MBA from Henley Management College.