Fiserv 2Q/13 revenue of $1.14 billion compared to the year ago figure of $1.02 billion for a 12% increase. Meanwhile, 1H/13 djusted revenue was $2.22 billion, compared with $2.04 billion in the same period in 2012 for a 9% increase. Adjusted earnings per share from continuing operations in the second quarter increased 18 percent to…
AnywhereCommerce anticipates increased traction in Canada for its mobile point of sale (POS) technologies, due to its participation in the Visa Ready Program. As part of the agreement, AnywhereCommerce’s “Nomad” EMV-capable chip-and-pin device, which enables Canadian merchants to accept payments through mobile phones and tablets, has received the “Visa Ready” designation. Visa Inc.’s Visa Ready Program allows companies like AnywhereCommerce to easily navigate the complexities of the evolving payments ecosystem, and expands access to Visa’s certifications and best practices. AnywhereCommerce will market its “Nomad” product to merchants using the Visa Ready symbol. Supporting both emerging EMV chip-and-pin and legacy magnetic stripe technology, Nomad is a flexible and secure product that is compatible with iOS, Android, BlackBerry, Symbian and Windows 7 and 8 operating systems.
TSYS Healthcare multi-purse benefit card processing introduced innovative and market-leading card functionality for Health Reimbursement Arrangements (HRAs), a key component of the consumer-directed healthcare (CDH) space. TSYS’ enhanced HRA functionality, coupled with technology-leading Web services capabilities, brings a complete, real-time HRA solution to the benefit market. With the implementation of the Affordable Care Act, employers and administrators must look for ways to provide new healthcare coverage options while reducing overall healthcare and administrative expenses. TSYS Healthcare’s new HRA functionality accomplishes both of these objectives by providing debit card access to HRA plans and incorporating a TSYS Healthcare Partnership Model for revenue sharing. TSYS developed a comprehensive solution that allows benefits administrators to provide debit card access to virtually all HRA plans.
MoneyGram signed an agreement to acquire Nexxo Financial’s full-service money transfer kiosk business and to become the preferred money transfer and bill payment partner for Nexxo Financial. MoneyGram will acquire approximately 200 kiosks primarily located in California, Illinois and Texas. These kiosks will offer automated, self-service money transfers to MoneyGram agents worldwide allowing consumers to pay bills utilizing MoneyGram’s bill payment network. The move to expand MoneyGram’s use of self-service channels is a strategy in line with recent statistics. The FDIC has estimated that 60 million U.S. residents do not use formal banking channels as the primary method for their day-to-day financial services. This points to a growing need for convenient and affordable means to transfer funds.
Fiserv announced that Australia and New Zealand Banking Group (ANZ) launched an extensive mobile banking and payment service in several nations in the Pacific.
The bank, which has offered Fiserv-supported mobile financial services to its customers since 2006, is now providing mobile financial services to unbanked and underbanked consumers in Samoa, Vanuatu, Solomon Islands and Papua New Guinea. The bank is using Mobiliti Reach(TM) from Fiserv, which is designed to meet the needs of consumers in emerging markets, to provide these services under the ANZ goMoney(TM) brand. Under the ANZ goMoney brand, Mobiliti Reach from Fiserv enables consumers without a banking relationship to save, send and spend their money – transactions traditionally carried out in cash. Popular transaction types include merchant payments at the point-of-sale, person-to-person payments, mobile phone top ups and more traditional banking services like balance checks and transaction history.
Equity Bank and Airtel Kenya have entered into a partnership that will offer comprehensive mobile commerce solutions to their customers through Airtel Money. The service, available to all Equity Bank customers with Airtel lines, will enable customers from both Airtel and Equity Bank to access Airtel mobile banking platforms, perform agency cash transactions at Equity Bank branches and also enable Airtel services customers to withdraw money at any Equity Bank countrywide. Airtel Money will also enable customers to pay their utility bills, receive bank transaction alerts, check account balance and receive mini statements, among other services. Airtel Money is fast becoming the preferred way of sending and receiving money across the Kenya and the region with customers widely using to pay utility bills such as electricity, water and pay-television subscriptions. The process is fully automated and reflects in real time providing customers with a faster and more secure mode of carrying out their transactions.
Morpho (Safran) mNFC platform, product and services provider, announced its partnership with Far EasTone Telecommunications (Far Eastern Group) for Trusted Service Management (TSM) technologies and solutions in the “FarEasTone NFC All Around Trial Program.” As the number one mobile network operator in Taiwan and a leading service innovator, Far EasTone’s vision is to build a nationwide NFC ecosystem by 2014. Users will be able to tap their NFC phones to pay for purchases, take public transportation and use loyalty programs. These transactions will be available at 25,000 PayPass point-of-sale terminals and 10,000 shops. The transactions will be done through Morpho’s Trusted Service Management (TSM) system.