After an affiliate of Apollo Global Management acquired a 51% indirect interest in EVERTEC, it’s total revenues increased $7.4 million from the year ago figure to $76.2 million. This was thanks in par to the Transaction Processing segment revenues having increased by $1.7 million by 9%, Merchant Acquiring segment net revenues having increased $1.2 million,…
David J. Hogan has been named Executive Director, Major Accounts, with Heartland Payment Systems. Bringing more than 25 years of experience in information technology and retail operations, Hogan will lead Heartland’s Major Accounts sales team focused on driving significant business growth among mid-to-large level businesses in the retail and hospitality industries. Hogan previously served as chief information officer and senior vice president of retail operations for the National Retail Federation (NRF), responsible for the association’s IT, supply chain, e-commerce and loss prevention departments. He also previously served as chief information officer and vice president for international retailer, Duty Free Americas.
Reid D. Holmes has been named vice president of business development, payment, for INSIDE Secure semiconductor solutions in the Americas. Holmes’ extensive experience in a wide range of payment and mobile technologies combined with his deep familiarity of the payment industry ecosystem, make him ideally suited for bringing INSIDE solutions to major North American accounts. He will focus on building strategic relationships with major customers in the payment and transit market, as well as helping to define go-to-market strategies for those segments. Holmes joins INSIDE from Giesecke & Devrient, where he served as senior sales manager for emerging payment and transportation sales and also headed an independent consultancy, providing business development and support for electronic funds and benefits transfer services.
Dave Keenan has joined Fiserv financial services technology solutions as its GM, ACCEL/Exchange payments network. Bringing with him more than 25 years of payments experience to Fiserv, he served as vice president of Sales and Marketing at BankServ, a provider of specialized payment solutions for financial institutions and corporations using SWIFT, Fedwire, P2P, mobile and remote deposit capture technologies. He also served as managing director of Loyalty Marketing at United Airlines, where he was responsible for its loyalty program and corporate marketing partnerships. Keenan also served as senior vice president at MasterCard International, where he held a variety of leadership positions including head of global operations for the Cirrus network. He began his career as a systems programmer with Fifth Third Bank’s Midwest Payment Systems (MPS) subsidiary, writing machine language code that connected some of the first ATM/point of sale networks.
ACI Worldwide payment systems has filed preliminary proxy materials with the SEC concerning the solicitation of votes against proposals of a merger. The materials indicate ACI believes the proposed S1-Fundtech transaction is not in the best interests of S1 shareholders and that S1 shareholders should vote “AGAINST” the proposed S1/Fundtech combination because ACI believes a vote “AGAINST” the proposed Fundtech transaction preserves the opportunity for S1’s shareholders to receive a premium price contemplated by ACI’s proposal that ACI believes would provide significantly greater value to S1 shareholders than the Fundtech transaction. Also a vote “AGAINST” the proposed Fundtech transaction stops the S1 Board from entering into a transaction that results in a radical restructuring of S1’s business, ownership and governance for no premium or cash to S1 shareholders; and a vote “AGAINST” the proposed Fundtech transaction sends a strong message to S1’s Board that S1 shareholders want S1’s Board to consider other alternatives for the company.
The Secure POS Vendor Alliance (SPVA) non-profit business, founded by Hypercom, Ingenico and VeriFone, partnered with Witham Laboratories information security evaluations. The Australian-based consultant will serve as SPVA’s first Lab Network member and will focus on testing SPVA’s end-to-end encryption security requirements. The SPVA Lab Network closes gaps in security payment process compliance, ensuring aspects of technology and applied processes are subject to independent verification and standard guidelines. The process allows end-users and customers a method for establishing an independent and credible review of an implementation of SPVA best practices and provides them with options to ensure their compliance is verified.
Bank of America has agreed to sell its $8.6 billion Canadian credit card business to TD Bank Group and that it will exit its credit card businesses in the U.K. and Ireland. This continues the transformation of Bank of America’s credit card business, following the sale of the U.K. Business Lending portfolio, the agreement to sell the Spanish card business, and the company’s continued exit from the depository institution affinity credit card business with the recent sales of the Regions and Sovereign credit card portfolios. The U.K. and Ireland card folios have $19 billion in credit card loans and more than 4,000 employees.
ANXeBusiness security, compliance and connectivity solutions enhanced its PCI Compliance & Security solution for small businesses with “Secure Cloud Gateway.” The Secure Cloud Gateway includes proprietary technology with features that focus on ensuring merchant PCI DSS compliance. While the ANX PCI Compliance & Security solution affords merchants and small businesses all of the cost benefits of cloud-based technology by delivering a suite of cloud-based UTM services that eliminate threats from viruses, worms, Trojan horses, spyware and other malware launched from malicious web sites and email. It provides network routing to direct incoming traffic through the ANX network for scrubbing, as protection against external threats before they enter the customer network; Wi-Fi for secure and reliable high-performance wireless access; Network security, with monitoring for the most severe threats including worms, viruses, buffer overflows and denial-of-service attacks; and Web security, including antivirus, web filtering, reporting and inspection of outgoing traffic.
AmeriCU Credit Union, based in Rome, NY, has selected Geezeo to provide a PFM solution and integrated marketing platform. Geezeo FinTech firm offers online financial management (OFM) tools, social networking and web-based marketing for financial institutions. This is the 7th client signing for Geezeo in the past 5 weeks.
Mobile commerce mini-cart mashup “mCartSB” combines Amazon “PayPhrase” and PayPal “Mobile SMS” online shopping and payment processing into economical mobile website alternatives to iPhone, Android and other platform-specific mobile apps. The “mCartSB” is not a standalone software product or web application, rather an integration component WebReDesignMiami.com and affiliate Web3.0DesignMiami.com offer their website design and online merchant ecommerce clients to extend their web marketing reach. The mCartSB mCommerce mini-cart mashup is to serve as an example of how to use the Mobile Web to do big things in small ways.
eLayaway patent pending layaway payment processor expanded its relationship with 3DCart cart software provider to offer their more than 10,000 merchant clients on-demand access to the eLayaway merchant network. 3DCart’s release of its “Version 4” software provides new features and enhancements, coupled with the pre-integration of eLayaway as an alternative payment to Paypal, Google Checkout and other methods makes 3DCart and eLayaway a great choice for business owners looking to improve their operations and expand their markets. eLayaway.com also owns and operates eLayawaySports.com, eLayawayTravel.com and eLayawayHealth.com and was founded in 2005 while 3DCart is a complete eCommerce software solution for merchants to build, promote and grow their online business.
Liaison Technologies announced its full support for the new PCI DSS Tokenization Guidelines Information Supplement, just released by the PCI Security Standards Council. The PCI DSS Tokenization Guidelines provide merchants with greater clarity on how tokenization relates to PCI Security Standards and impacts PCI DSS compliance. Over the past several years, retailers and other organizations that accept and process credit cards have embraced tokenization to reduce the risk of a data breach and lower the cost of PCI DSS compliance.