USA Technologies wireless posted its fiscal 3Q/12 (1Q/12) results for the three months ended March 31, indicating total revenues of approximately $7.5 million, up 36% from the year ago period. Recurring revenues for the third quarter are expected to be $5.9 million- up 39% from the year ago period and accounting for approximately 79% of…
FIS banking and payments technology named Greg Montana Chief Risk Officer (CRO). Montana joins FIS after serving as senior vice president and senior operational risk executive for Bank of America®. Prior to joining Bank of America, Montana held the positions of senior director, global risk operations at PayPal™, Inc. and director, operational, credit and compliance risk for Lloyds Banking Group, PLC. FIS endeavors to be a model for excellence across all facets of information technology and continues to make significant advancements in managing operational risk across its entire global enterprise.
VeriFone Systems announced certification of its EMV/NFC-enabled payment processing solution from Vantiv payment processing services and related technology solutions for merchants and financial institutions.The two companies have cooperated on certification of the VeriFone Evolution payment platform for EMV payments. Each device in the VX Evolution family offers advanced technology capabilities including NFC, EMV, tighter security with PCI PTS 3.0, higher-level performance and the ultimate in reliability, all on the proven VX platform. With VeriFone’s ongoing EMV and security compliance services, merchants can rest assured in their ability to meet evolving requirements.
American Express, VEVO and YouTube announced Jack White and Oscar Gary Oldman have been selected to kick-off the third year in its popular livestream music series, “American Express Unstaged.” White’s performance, from iconic Webster Hall on Friday, April 27 will be directed by Oldman and livestreamed at www.youtube.com/JackWhiteVEVO and on mobile devices via VEVO and YouTube apps for iPhone, iPod touch, iPad and Android. This will be the eighth installment within the “American Express Unstaged” music series, which brings some of the world’s biggest music acts closer to fans through the distinctive lens of celebrated filmmakers. American Express Cardmembers and music enthusiasts can find pre-show digital features and one-of-a-kind content that further blur the line between an at-home and in-concert experience at www.YouTube.com/JackWhiteVEVO, including the exclusive “American Express Unstaged” trailer.
Cliff Skelton has joined Fiserv as Executive VP and Chief Information Officer to oversee global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of the company’s technology platforms. He was most recently global chief technology and operations officer at Ally Financial Corporation after serving in senior leadership roles at Bank of America to lead the integration of strategic acquisitions including Fleet Boston Financial, MBNA Corporation and U.S. Trust. He holds a master’s in public administration from the Harvard University John F. Kennedy School of Government and a bachelor’s degree in international relations from the University of Southern California.
eProcessing Network independent payment gateway and software development in the ePayment processing partnered Equinox Payments to integrate next-generation payment terminals with ePNRetail software. The eProcessing Network now features the Equinox “L5300” payment terminal that gives the user the ultimate experience with color, touch-screen capabilities, PIN debit, signature capture, and capabilities to move the merchant into the future of contactless payments. Since both the ePN Secure Payment Gateway and the Equinox “L5300” are certified to be in compliance with PCI Security Council standards, retail merchants can be confident that they will be able to transact with the highest levels of security. Other features include a high-resolution, color, touch-screen capabilities that prompt the user for their signature and allow the merchant to display customer purchases, and the large, easy-to-use buttons on the key pads greatly reduces the errors of bad PIN entry.
Yahoo! digital media company announced former PayPal executive, Sam Shrauger, and current Yahoo! executive, Mollie Spilman, will co-lead the new consumer commerce business unit for Yahoo! as senior vice presidents. The new commerce business will focus on delivering engaging and personalized consumer commerce experiences which will connect consumers to marketers and merchants. This business unit will initially be made up of existing Yahoo! properties and is expected to include new offerings over time. Shrauger was most recently vice president of PayPal’s global product and customer experience organization, in which he defined the product vision and strategy for PayPal’s global product portfolio. Spilman most recently led marketing for Yahoo!’s Americas region and built strategies which delivered relevant insights to clients and created programs that increased consumer engagement and usage across multiple platforms.
VeriFone Systems Inc. enjoyed the largest gain on the market of the payments companies tracked for the PYMNTS.com Index last week, its stock price up nearly 3 percent between Monday’s open and Friday’s close. The point-of-sale solutions provider may have been benefitting from a favorable analyst report issued by Goldman Sachs a week prior, when…
Critical Media’s Syndicaster unit introduced a live HD streaming solution for television stations to identify and extract over-the-air commercials in real-time, and replace them with geo-targeted digital ads for delivery to web, mobile devices and connected televisions. The solution, being demonstrated at the National Association of Broadcasters’ 2012 NAB Show at the Las Vegas Convention…
American Express announced new and recently added partners to its industry-leading Membership Rewards program, including Seamless, Groupon, Virgin America and vente-privee USA. Through a new relationship with Seamless, a leading online food ordering service, American Express Cardmembers can redeem Membership Rewards points for pickup or delivery orders from more than 9,000 of their favorite local restaurants in 40 cities. Cardmembers redeem in 1,000 point increments for $10 e-certificates good for orders placed on Seamless.com or via Seamless’ mobile apps for iPhone, iPad, Android and BlackBerry. Groupon is among the added partners, allowing Cardmembers explore their city using Membership Rewards points.
In a showing of solidarity with Main Street America, small businesses and community-based financial institutions, Louis Hernandez, Jr., award-winning entrepreneur, policy advisor and highly-respected business executive has launched a petition and a call to action encouraging small businesses, individuals and community-based financial institutions to raise their voices in protecting the now vulnerable concept of the…
The need for cutting edge payment card security continues to groundswell amidst ever increasing card usage, inevitable associated data breaches and security issues, as evidenced by Paymetric’s record 2011 results and strong 2012 first quarter performance. Paymetric, Inc., the leading provider of integrated and secure enterprise payment acceptance solutions, today announced record company growth in…