On Track Innovations announced results for the third quarter and first nine months ended September 30, 2011. With this, it posted total revenues of $35.2M, down 19% from the $43.6M posted last year and revenues from Licensing and Transaction Fees up 42% to $4.0M from the year ago period of $2.8M. Approximately $6M to $8M…
MasterCard and The Western Union Company forged their global agreement whereby electronic payments for prepaid cards and money transfers are more efficient and convenient, serving the 2.5 billion underserved adults worldwide. This makes MasterCard the preferred brand for Western Union-sponsored prepaid programs around the world and Western Union the preferred money transfer service for MasterCard.…
FIS banking and payments technology announced CoreFirst Bank & Trust has deployed its debit card processing and card personalization services. Deploying FIS’ card processing services lets CoreFirst Bank & Trust manage its debit card processes in real-time, allowing the bank to process files as they are received. By eliminating the need to manually track and log incoming files, CoreFirst Bank & Trust can create operational efficiencies, providing more time to focus on customer service. FIS’ card processing services are built on open architecture to ensure long-term scalability, availability and performance, supporting more than 3,500 card issuers and acquirers.
Wincor Nixdorf banking and retail IT solutions finalized an agreement with Global Cash Access to provide additional cash dispensing ATMs in U.S. casinos. With this, Wincor Nixdorf will provide GCA 45 ProCash 1500xe cash dispensing ATMs, increasing GCAs installed base of Wincor Nixdorf ATMs to approximately 900. GCA also utilizes Wincor Nixdorf’s ProCash ATM application software, ProView multivendor ATM monitoring software and PC/E Terminal Security.
On Track Innovations implemented its non-exclusive license for core technologies within its proprietary portfolio of IP and patents amounting $7 million USD with a multibillion dollar corporation. OTI’s technology, patent and IP portfolio includes, among others , product applications, software platforms, system and product architecture and product concepts in the fields of contactless payments and NFC; ID; Petroleum; and Parking solutions.
The .ME Registry and Visa have secured www.v.me as the online destination for “V.me” by Visa, Visa’s digital wallet and global acceptance mark. This will offer a simple and secure way to pay online as well as in person, with PC, tablet, and mobile devices using Visa and non-Visa accounts. www.v.me is the destination for consumers, merchants and developers who wish to participate in Visa’s digital wallet.
Acculynk has introduced its International Internet PIN Acceptance Consortium, allowing secure internet payments across international borders by establishing Acculynk’s PaySecure as the standard for processing internet PIN-debit transactions internationally. The Consortium’s mission is to enable internet PIN debit as a secure payment method for e-commerce merchants, financial institutions and online consumers across international borders. The purpose of the Consortium is to collaborate with networks and financial institutions in target markets to prioritize the integration of PaySecure, as well as to develop solutions necessary to ensure full compatibility across the array of processes adopted by individual markets.
MasterCard is now allowing cardholders who are traveling or shopping to pause and enjoy the moment through an array of experiences by simply presenting their MasterCard card as part of its “Priceless New York” campaign. The new MasterCard section at JFK Airport terminal 8 offers domestic and international travelers a relaxing environment while they wait for their flight. Cardholders can enjoy many convenient benefits all in one place such as free WiFi, access to iPads, charging stations, and a luggage corner for carry-on items. Interactive touch screens can be found for cardholders to search for information on specific cities; check weather and flight information or find restaurant information. A component of the section highlights family fun and entertainment for all to enjoy. This exclusive section will be available to MasterCard cardholders all year around. The brand new MasterCard Holiday Star Lounge officially opened on “Black Friday,” Nov. 25 on the 2nd floor of Time Warner Center.
Eastern Bank has partnered Elan Financial Services (Elan) card issuer to offer a full suite of Eastern Bank Visa credit cards to customers in its more than 90 branches. The Visa credit cards offer reward options, such as a full one percent cash back, merchandise, gift certificates, as well as great travel selections, for both consumers and businesses. Elan Financial Services is dedicated to serving financial institutions with best in class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support and sales incentives.
In conjunction with the changes to the Federal Rules of Bankruptcy Procedure (FRBP), Fiserv announced that its LoanServ solution offers the capabilities designed to help ensure mortgage servicers are able to stay compliant amidst evolving regulations. The rules change the procedures and policies for servicing loans in bankruptcy and aim to enhance transparency in the process. The FRBP changes govern the filing of proofs of claim and notice issues related to payment changes, post-petition fees and other accuracy checks to actions and data of the servicer.
Discover has been recognized as America’s most innovative users of business technology on the 2011 InformationWeek 500 list for the sixth consecutive year. This recognizes Discover for exhibiting a pattern of technological innovation including the rollout of its Rapid Development Data Sourcing methodology. InformationWeek identifies and honors the nation’s most innovative users of information technology with its annual 500 listing and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies.
iPayment will be presenting at the Bank of America Merrill Lynch Leveraged Finance Conference at 9:30 a.m. EST on December 2. Discussions will be led by Chairman and Chief Executive Officer of iPayment and the Company’s Chief Financial Officer, offering an overview of the Company, its business and growth strategies and recent financial results. iPayment provides credit and debit card payment processing services to small merchants across the United States, allowing merchants to accept credit cards from VISA, MasterCard, American Express, Discover and Diners Club, as well as other forms of payment, including debit cards, checks, gift cards and loyalty programs.