Payment Data Systems integrated electronic payments solutions released its results for 2Q/11, reflecting a revenue increase to $768,359 from the year ago quarter of $604,184, thanks to higher transaction growth. The operating loss for the quarter ended June 30, 2011 was $169,084 compared to operating loss of $152,338 for the second quarter of 2010. Operating…
American Express Global Business Travel is returning to the 43rd Annual Global Business Travel Association Convention. Attendees will have the opportunity to share their travel stories at the booth and watch as those stories are transformed into images by a visual artist. Also on display will be demonstrations of new technology and innovations provided as an integral part of the TMCs offering with servicing capabilities online, off-line and on-the-go. American Express Global Business Travel, a division of American Express Company, is a global industry leader in business travel and meetings management committed to helping businesses succeed through cost-effective program management, world-class customer service, and enhanced traveler productivity and support worldwide.
Apriva end-to-end wireless transactions and secure information solutions’ POS gateway processed transactions of over $1.76 billion in 2Q/11 alone. This decimates the $1.53 billion total from 1Q/11, from which the current figure grew 15% after processing an average of $20 million in transactions daily. The AprivaPay full-featured payment application is designed for both smartphones and browser-based mobile phones. AprivaPay offers integration with more optional printers/card readers than any other payment application provider, giving our merchant customers more choices of platforms and accessories.
With Visa taking steps to accelerate the migration to EMV in the United States, Transaction Network Services, enabling EMV migrations in other regions around the globe, is fully equipped to assist merchants, acquirers, and other payment service providers as they begin the process in the United States. TNS’ innovation with deploying and supporting EMV also extends into the payment and ATM processing arena. Its UK cardholder present payment processing service, now branded as TNSPay Retail, was the first solution in the world to achieve global EMV accreditation from MasterCard for a generic Chip & PIN software solution. In the ATM market, TNS was one of the driving forces in working with UK processing partners to enable EMV card acceptance at ATMs.
TestLink Global ATM solutions is implementing NCR ATM “ATMdesk” diagnostics software for engineers and service providers. The “ATMdesk” from TestLink sets out to make the everyday task of NCR ATM maintenance easier, faster and more cost effective than ever. The low-cost stand alone diagnostic software for NCR 56xx, Easypoint (53xx), Personas (58xx) and SelfServ (66xx) ATMs replaces NCR ATM hardware diagnostics securely, simply and cost effectively. The software boots directly from a removable Linux disk (floppy, flash or CD) – leaving no trace within the ATM. Different products to suit their diverse needs include ATMdesk/2 for NCR 56xx and Personas 58xx ATMs; ATMdesk/S for SelfServ 66xx ATMs; ATMdesk/Pro for NCR 56xx, Personas 58xx and SelfServ 66xx; ATMdesk/Repair for workshops repairing NCR ATM modules; ATMdesk/Remote for remote ATM diagnostics; and ATMdesk/Demo for evaluation on NCR 56xx, Personas 58xx and SelfServ 66xx.
NCR Corporation launched its “Total ATM Services” managed services bundle for mid-sized and community banks and credit unions. The “Total ATM Services” allows the improvement of availability and security of the ATM environment while reducing operational costs and provides a single point of accountability for ATM network availability. NCR supports the network from both an operational and a management perspective by supplying a suite of services that constantly monitors the network, proactively fixing issues before outages occur and protecting the ATM environment from unwanted threats. The Total ATM Services bundle includes Incident Management, which provides advanced analytics for ATM monitoring and can provide double-digit cost reduction through more informed decision making; Predictive Services, which anticipates issues before they happen and proactively schedules fixes to maximize uptime; and the End-Point Security Services suite, which ensures that critical software patches are deployed to ATMs and provides day-zero protection against all known and unknown malware by preventing unauthorized code updates and execution.
Electronic Payment Exchange (EPX) payment processor, featuring payment data tokenization, announced PCI-DSS Tokenization Guidelines released on August 12 affirm that EPX’s free, outsourced tokenization solutions can eliminate the scope of PCI compliance for merchants. As a global payment processing organization providing hosted services that use both tokenization and end-to-end encryption, EPX enables merchants to eliminate cardholder data storage, processing, and transmission by outsourcing their payment processing and the related storage of cardholder data. Using encrypting cardholder data reading devices at the point of swipe, EPX prevents merchants from possessing unencrypted cardholder data at the initiation of a transaction.
GTCR has agreed to acquire a majority stake in BServ SaaS provider offering financial services and banking technology that facilitates electronic corporate payments and bank-to-bank payment transactions. The Company offers Fedwire processing, SWIFT messaging, remote deposit capture, mobile and online payment processing technology and services for financial institutions and corporations. BankServ has completed a number of successful acquisitions and has earned a strong reputation in the market by providing leading software and technology solutions combined with high quality customer service.
Geezeo diversified FinTech firm that offers online financial management (OFM) tools, personal financial management (PFM), social networking and web-based marketing platforms to financial institutions, announced today that Veridian Credit Union, based in Waterloo, Iowa, has selected Geezeo to provide a PFM solution and integrated marketing platform.
Pulse Electronics Corporation electronic components and STMicroelectronics semiconductor manufacturers partnered on research testing the accuracy of current sensing in metering applications. The application note, “Current sensing in metering applications using a Pulse Electronics current sensor and ST metering devices,” having tested STMicroelectronics’ STPMxx metering devices using several different current sensors, found exceptional linearity over a wide current range. When used with STPMxx ICs, the accuracy of the meter is boosted, meeting the Class 0.2 S accuracy limits defined by the IEC 62053-22 meter standard for currents from 0.1 A to 200 A.
According to the latest tracker from Databeans “Q3-2011 Sensors and MEMS” the sensors market is growing significantly faster than the overall semiconductor market. The sensor market is forecasted to have a 10% compound annual growth rate, with average unit prices decreasing by 1 percent over the same 5 year time frame. Contactless smart cards and NFC transceivers are also growing strong with an estimated compound annual growth rate of 20 percent. The two strongest market segments impacting the sensor industry are the consumer and the automotive industry. The revenue for sensors in the consumer market segment is forecasted to increase to $853 million by the end of 2012 and $203 million for the automotive segment respectively. There is also continuing its growth of electronic applications. The sensors market is experiencing an immediate push because of NHTSA regulations that mandate Electronic Stability Systems (ESC) and Tire Pressure Monitoring Systems (TPMS) for every new vehicle that rolls off the production line. Manufacturers should subsequently look for a strong push to include NFC chips to be on smart phones and tablets.
The Global Semiconductor Alliance (GSA) released July statistics from its Global Semiconductor Funding, IPO and M&A update. In July, four semiconductor companies raised $81.6 million, down 46.8 percent from the $153.5 million raised in June 2011. However, the dollar amount total increased 92.9 percent from the $42.3 million raised in July 2010. The number of deals closed decreased by eight MoM and by three YoY. Meanwhile, fabless companies were the only semiconductor companies funded and two semiconductor companies filed for an initial public offering. The number of semiconductor mergers and acquisitions (M&As) announced increased by three MoM and one YoY.