The Conference Board Consumer Confidence Index- after having improved in February- was down significantly in March to 59.7 from 68.0. Meanwhile, the Present Situation Index hit 57.9 from 61.4 and the Conference Board Expectations Index was down to 60.9 from the February figure of 72.4. This decrease was due in large part to a sharp…
Virtual Piggy safe youth payments appointed Iain Herd Global Mobile Product Director, bringing with him over thirteen years’ experience in product management, and seven years leading mobile initiatives at major corporations, Iain will be responsible for directing and managing Virtual Piggy’s Mobile First initiative, reporting directly to CEO and Founder, Dr. Jo Webber. Iain, an expert in mobile technology, held the role of Global Head of Mobile Partnerships and Product at PayPal wherein he launched a number of key mobile services including the PayPal Wallet app for Windows Phone in addition to developing Point of Sales solutions and carrier billing and device partnerships, establishing PayPal as a key player in the mobile industry. He also spent 5 years with Vodafone leading the management of global social networking initiatives, working with leading industry partners including Facebook, Skype, Windows Live, Yahoo!, Google and Twitter.
The Greater Milwaukee Committee (GMC) local business coalition announced Milwaukee will be the first community in the U.S. to develop an entrepreneurship program using a model developed by Daniel Isenberg, founding executive director of the Babson Entrepreneurship Ecosystem Projects. As part of a bipartisan effort to grow the economy by stimulating high-growth ventures and encouraging job creation, the OPEN for Enterprise model is based on testing and validating entrepreneurship ecosystems abroad, including successful programs in Colombia, Brazil and Denmark to foster policies, institutions and cultures that stimulate long-term economic growth, development and prosperity through programs and workshops. Coalitions for High-Growth Entrepreneurship is designed to help high potential urban communities connect a diverse group of stakeholders, including city planners, private investors, academics, entrepreneurs and public officials, to help maximize the social and economic value of the community’s entrepreneurship ecosystem. Merging their collective expertise, the coalition can help to develop community programs that identify new ways to stimulate, support and “scale up” new and existing ventures.
Law Offices of Howard G. Smith is investigating potential claims against VeriFone Systems on possible violations to federal securities. Focusing on allegations that certain statements issued by VeriFone between December 14, 2011 and February 19, 2013 were false and misleading regarding the Company’s operations and financial performance, the investigation is related to allegations Verifone failed to execute on its plan to move to a more subscriptions-based service model, past acquisitions had masked what was happening at the Company and Verifone accounting recognition having been overly aggressive.
On February 20, 2013, VeriFone announced its preliminary financial results for the first fiscal quarter ended January 31, 2013. The Company announced that it expected first quarter adjusted earnings of $0.47 to $0.57 per share on revenue of $424 million, well below analysts’ profit forecast of $0.73 per share on revenue of $492 million. The Company also announced a new revenue recognition policy which prevented it from recognizing revenues that quarter from distributors in the Middle East and Africa. The next day, February 21, 2013, VeriFone shares fell $13.65 from the previous day’s close of $31.89 per share, to a closing price of $18.24 per share, on extremely heavy trading volume.
The Principal Consulting (TPC) has assembled a partnership of leading e-commerce companies to help retailers build a comprehensive online shopping experience based on SAP’s Web Channel Experience Management (WCEM) 3.0. With SAP’s Web Channel Experience Management 3.0 as a foundation, TPC, an expert SAP services consultant, provides services and solution design to customize and enhance WCEM to fit retailers’ individual applications. SAP WCEM 3.0 delivers end-to-end processes for e-commerce, e-marketing, e-service, and web channel analytics on a web channel platform that’s easily extensible, allowing customers and partners to build in their business specifics. Version 3.0 also offers the simple, attractive, and responsive customer-facing user interface that customers expect of any web shop.
Alibaba Group e-Commerce and MasterCard have signed a Memorandum of Understanding (MOU) to explore future collaboration in the area of e-Commerce. With the intention to forge joint efforts to establish an enhanced e-Commerce environment to benefit consumers and small businesses within and outside China, the two parties have also agreed to jointly address a strong mutual commitment to help combat intellectual property infringement. Both companies believe that innovation and collaboration are the drivers of development in e-Commerce, and are committed to fostering an enhanced e-Commerce environment that provides a safe and efficient payment experience for users of Alibaba Group’s platforms such as AliExpress and its affiliate Alipay.
The Glory Group of Japan is now among the largest international cash management solutions providers, with more than 2,500 direct employees and a distribution network spanning more than 100 countries globally. With this, the total global business now has more than 9,000 employees and revenues exceeding $.1.5 billion per annum. The Glory Group Solutions is the combination of engineering and consultative experience from both legacy companies, enabling delivery of truly innovative, personalised solutions for clients. Glory and Talaris international distribution partners continue to be partners of the new Glory Global Solutions.