First Data reported its 2Q/13 consolidated revenue of $2.7 billion, up $24 million by 1%, compared to a year ago, primarily driven by a $29 million increase in reimbursable debit network fees, postage and other. For the second quarter, the net loss attributable to First Data was $189 million, compared to a loss of $157…
TransFirst, a leading provider of transaction processing services and payment enabling technologies, announces in conjunction with VeriFone Systems (PAY) that it now offers its merchant customers the EMV- and NFC-capable VX 520 countertop payment solution and VX 805 contactless PIN pad from VeriFone. TransFirst has added the two payment systems to its portfolio of supported systems after recently completing compatibility certification. VeriFone’s VX 520 is a reliable, rugged countertop device with a powerful processor and expandable memory designed to handle processing of card payments at lightning speeds. The VX 805 is a convenient payment device that allows merchants to process a range of transactions through multiple connectivity options and is ready for NFC mobile commerce and EMV.
A2iA (@A2iA) data capture, document processing, and payment systems markets, announced that A2iA Mobility, its patent-pending software toolkit that features offline image cleanup, analysis and data extraction, is being deployed to U.S.-based financial institutions as a component of DepositWizard Mobile, CFS Inc.’s mobile remote deposit capture (mRDC) application. Residing client-side on the phone or tablet, A2iA Mobility’s unique differentiator of being able to fully process a check without a server connection creates an intelligent handset and allows for DepositWizard Mobile to offer a turnkey, Check21 compliant solution that is quick and easy to use, scalable, and reduces operating costs for the banks and credit unions. DepositWizard Mobile can also interface with financial institutions’ risk management solutions and internal business rules, allowing for banks and credit unions to employ custom rules and unique parameters based on specific customer profiles, reducing the risk for fraud and gaining more control over the applications’ usage.
American Express, VEVO and YouTube announced Kings of Leon and Fred Armisen have been selected as the next pair in its popular live stream music series “American Express Unstaged.” Kings of Leon’s exclusive performance will be live streamed from Shepherd’s Bush in London at 4:00 PM ET / 1:00 PM PT on Friday, August 9 at www.amexunstaged.com directed by Fred Armisen. Fans can watch the live event on YouTube’s iOS and Android apps as well as its mobile website, VEVO’s free apps for iPhone®, iPad® and Xbox 360, and on the American Express Channel, available through the American Express app on LG connected TVs. The global event precedes the highly anticipated September 24th release of MECHANICAL BULL (RCA Records). The “American Express Unstaged” music series is a cutting-edge live event and interactive digital platform, bringing together popular musical artists with renowned film directors. Armisen, best known for his work on “Saturday Night Live” and as the co-creator and star of IFC’s “Portlandia,” will make his return to “American Express Unstaged,” this time as the director.
Payment Alliance International (PAI) and BB&T Corporation (BBT), one of the largest financial services holding companies in the U.S., have jointly announced an agreement to brand over 130 Rite Aid Corporation ATMs in the Atlanta area. While PAI will own and operate all of the ATM placements, BB&T customers will enjoy the familiar appearance of the BB&T brand on the ATM, as well as surcharge free access for their transactions. As one of the largest ATM networks in the United States, PAI provides ATM services for over 60,000 retail locations nationwide and was recently selected to provide ATM services for approximately 1,500 Rite Aid locations in the western, central, and southern United States.
MoneyGram and Payzone Romania payment services operators signed an agreement to offer money transfer services throughout the country. Payzone Romania offers a wide range of payment services and electronic recharge services, operating the largest electronic payments network with cash from Romania from its more than 11,000 terminals all over the country. The agreement between Payzone Romania and MoneyGram provides a cost efficient solution for consumers who do not have or use a bank account or credit card to transfer funds.
USA Technologies recently celebrated its 5,000th customer milestone with New York vending operator and Pepsi bottler, Fitzgerald Brothers Beverages, Inc. (“Fitzgerald Brothers”). Crossing the 5,000 customer mark translates to a compound annual growth rate of 69 percent for USAT, from approximately 1,000 customers three years ago. Fitzgerald Brothers recently became a USAT customer in response to increasing demand for debit/credit card acceptance by its consumers and encouraging data regarding the sales uplift a cashless payment platform can deliver to traditionally cash-only businesses and subsequently will receive a free personalized loyalty and prepaid program.
mopay, a global leader in innovative payment solutions for online merchants, announced today that it has been reconfirmed as preferred payment partner for Gameforge, one of the leading providers of high-quality online games. mopay has received top scores in Gameforge’s evaluation of mobile payment providers and will thus continue to process a significant proportion of Gameforge’s global mobile payment transactions. mopay provides direct carrier, landline and broadband billing options for online merchants in more than 80 countries through its industry-leading payments platform. Implemented in Gameforge’s offers, mopay enables players to easily, quickly and securely make in-game purchases, allowing them to buy virtual goods in its AAA game portfolio.
Capital One Financial Corporation and Helzberg Diamonds announced a multi-year extension of the private label credit card program agreement. The partnership enables consumers to have expanded buying power through access to special purchase offers, as well as exclusive benefits and financing options. Capital One’s continued partnership with Helzberg Diamonds reinforces the company’s commitment to building its credit card partnership business.
Western Union reported 2Q/13 revenues declined 3% compared to the prior year, or 2% on a constant currency basis, primarily due to pricing investments in the Consumer-to-Consumer (C2C) segment. C2C revenues declined 4%, or 3% constant currency, including a negative 1% impact from the Vigo and Orlandi Valuta brands. C2C pricing investments in key corridors…
MasterPass is a digital service that allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have. With a single click of the MasterPass button on a retailer site, the consumer can access their wallet of choice and authenticate with a password to checkout. In addition to MasterCard cards, consumers can use other branded credit, debit, prepaid and private label cards. MasterCard Advisor’s SpendingPulse data shows total UK year-on-year eCommerce sales grew by more than 12% in May 2013, compared to just 3% growth in overall UK retail sales for the same month last year.
Jeff Bakke, chief strategy officer at Evolution1, will speak to the topic “Reinventing the Defined Contribution Model for Today’s Healthcare Landscape” at the Defined Contribution Healthcare & Private Exchanges Summit in Carlsbad, California. The inaugural event, put on by Healthcare Education Associates, is designed to help attendees build their business though defined contribution solutions and private exchanges. 1Plan by Evolution1, a complete defined contribution solution from Evolution1 that runs on the 1Cloud by Evolution1® platform, is the solution of choice for defined contribution Partners. 1Plan delivers the next generation of consumer directed healthcare (CDH) in a complete multi-account defined contribution solution. 1Plan supercharges both private and public insurance exchanges with a solution for employers and employees to budget for and select benefits, shop for insurance, and manage premiums and out-of-pocket expenses in a comprehensive, easy-to-use experience.