Diebold posted a 2Q/11 net income from continuing operations attributable to Diebold of $20.3 million, down from $30.4 million in the year ago period while 2011 revenue was $662.4 million, down 0.4% from 2Q/10. Total global product and services orders decreased 1% compared with the prior-year period. This was due in part to Asia Pacific…
Heartland Payment Systems 2Q/11 posted a net income of $12.3 million thanks in part to a merchant (SME) transaction processing volume of a record $17.5 billion, up 7.2% from 2Q/10. Net Revenue, meanwhile, was a quarterly record $122.2 million, up 6.1% from the year ago period, and net revenue was up 6.1% to $122.2 million…
Givex, a global technology company which powers loyalty and gift card programs across 50 countries worldwide, announced an integrated partnership with Plastic Jungle, the web’s largest secured gift card exchange, to enable Plastic Jungle users to easily buy and sell select merchants’ gift cards processed by Givex and enjoy instant funding, an immediate electronic transaction on the Plastic Jungle website. Plastic Jungle helps unlock the estimated $30 billion in unredeemed gift cards by allowing consumers to sell gift cards for up to 92% of the gift card value, buy new gift cards at their favorite brands for up to 35% off, or donate the value of their unused cards to their favorite cause. The first brand to sign onto the platform is Buca di Beppo family style Italian restaurant chain.
Reliant Security data security software, hardware and services for retail merchants, reported strong company growth, client adoption and corporate expansion in the first half of 2011. Reliant Security provides an integrated product and services platform for merchants with multi-site retail locations to meet data security control objectives, including requirements for the PCI DSS. After triple-digit growth in 2010, the company has continued to see strong sales in the first half of 2011, contracting with multi-site retail merchants that represent over 4000 retail locations.
IC-TAG Solutions RFID forged distribution agreements with BlueStar POS, Mobility, RFID, Digital Signage, and ID and Security products, as an Original Equipment Manufacturer (OEM) to Thermamark branded Radio Frequency Identification (RFID) labeling products. Building strong relationships with distribution experts such as BlueStar, is a vital step in IC-TAG Solution’s continued growth around the world. The agreement also furthers BlueStar’s commitment to growing specialty technology markets by strengthening and enlarging the RFID channel to territories in United States, Canada and Latin America. IC-TAG’s commitment to RFID includes offering a broad Thermamark branded RFID product selection, fast delivery, technical knowledge, online ordering and much more. The RFID label portfolio consists of a variety of RFID, from item level RFID labels, such as 4″x1″ film thermal transfer labels featured with Avery Dennison UHF AD-223 inlays as well as an array of fanfold and direct thermal label options.
The online payments market will increase from $740 billion in 2010 to $2,700 billion in 2015, according to a new report available on companiesandmarkets.com. The alternate payment market includes online, mobile and contactless segments. The alternate payments industry comprising online, mobile and contactless segments will post a CAGR of 17.6% over the period 2010 to 2015. The largest revenue generating segment of the advanced payments industry is the online payment segment. The various industry drivers include increasing internet penetration rates, increasing fixed and mobile broadband subscriptions, ecommerce volumes, smartphone shipments, and smartphone penetration rates. NFC will emerge as the de facto industry standard for conducting mobile payment transactions within the next couple of years.
Host.net infrastructure services focusing on colocation, cloud computing and network transport & transit, announced their PCI DSS compliancy is now validated on Visa’s Global Registry of Service Providers. Host.net, a multinational provider of network infrastructure services focusing on colocation, cloud computing and network transport & transit, announced today their PCI DSS compliancy is now validated on Visa’s Global Registry of Service Providers. Host.net is a multinational provider of network infrastructure services focusing on colocation; cloud computing and storage, and network transport.
According to the research report, “Indian Payment Card Market Forecast to 2012”, Indian payment card market has been continuously booming and is offering huge opportunities to both existing as well as new market players. The industry is continuously witnessing new developments with growing consumer preferences and rising middle-class base. Moreover, rising number of internet users and increasing availability of online transaction system will further boost the number of debit cards issued by the banks, which is forecasted to surge at a CAGR of 25% during FY2011-2013.
The Metropolitan Transportation Authority (MTA) awarded a four-year, $6.9 million contract to VeriFone Systems, for delivery, installation, and warranty and maintenance services for 1,000 “TransitPAY” systems to provide real-time bus information to customers on Staten Island buses. With this, VeriFone will provide ruggedized on-bus hardware, software development, project management, installation, and warranty and maintenance services across Staten Island’s fleet of buses. The “TransitPAY” solution from VeriFone enables bus tracking via real-time information, with the added benefit of supporting future fare payment applications across a common “open standards” hardware platform.
Retail Pro International deployed its joint program with HP to deliver a total technology solution to retailers and bundling their products. With a focus on delivering flexible, scalable and proven retail solutions both HP and Retail Pro are known for, the partnership will help retailers gain greater insight and control into their operations efficiently and cost-effectively. Running on specifically designed for retail HP hardware and peripherals built to withstand the demands of the retail environment, Retail Pro’s scalable and highly customizable point of sale software offers retailers the agility to operate their business the way they want. No matter how big or small, every retailer now has a manageable, easy-to-use single solution that can be scaled to their store operations, custom tailored for a complete fit to merchant’s requirements and, more importantly, grow right along with them.
First Annapolis released its 2011 Mobile Person-to-Person (P2P) Payments Study, a detailed reports on the leading mobile P2P solutions currently available in the U.S. market and draws on content and analysis from first-person tests as well as other analysis of the services’ capabilities. The report provides a view of the evolution of the mobile P2P ecosystem, and reveals three key themes required for competitive platforms within today’s environment: Scalable Adoption; and Simplicity and Ease of Use Mobile Wallet Integration. Broad adoption of P2P payments will require significant work to establish these products as socially acceptable methods of payment, which service providers are addressing with funding source and destination-agnostic approaches. The study indicates that most providers support multiple mobile channels, but few support them all.
Research and Markets announced the addition of the “Near Field Communications (NFC) Markets: Challenges, Opportunities, and Market Forecast to 2016” report to their offering. Near Field Communications based on RFID technology that utilizes a reader/tag for two-way communication between two items and is integrated with many devices and may be employed for various purposes and applications including mobile commerce, mobile marketing/advertising, identification/security, and more. The report is targeting NFC suppliers; Mobile network operators; Mobile commerce application providers; Mobile marketing and commerce vendors; Manufacturers, merchants, and advertisers.