USA Technologies announced a 3Q/13 24% increase in total revenues to $35.9 million and a 29% increase in license and transaction fee revenues to $30.0 million, representing 84% of total revenues for the 2013 fiscal year. Meanwhile, adjusted EBITDA of $5.8 million up from an Adjusted EBITDA loss of ($2.8) million; GAAP net income of…
AFEX non-bank provider of global payment and risk management solutions appointed Richard Verasamy CFO. The last 20 years in various senior finance positions within the financial services industry, Richard was most recently the Chief Financial Officer and Chief Risk Officer for Jameson Bank, a Canadian owned Schedule 1 Bank that specializes in commercial foreign exchange services. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex’s Commercial FX Division.
FIS will bring a robust presence to this year’s Money2020 conference, the leading annual event for emerging payments and financial services. One of Forbes 100 Most Innovative Companies, FIS will demonstrate the success of its Mobile Wallet with Cardless Cash Access, which allows users to not only pay using their smart phones, but also withdraw money from an ATM. These include FIS Mobile Retail – An integrated mobile experience of payment, loyalty and Mobile Wallet, which will showcase a retail scenario at which a customer will pay using a mobile device, receive an offer to visit the retailer and make additional purchases while scoring points to move up to next loyalty tier; FIS Mobile Wallet with Cardless Cash Access – A City National Bank branded application and live, branded ATM at which users can withdraw cash via a mobile device; and FIS Mobile PayNet – A demo of how PayNet – FIS’ global, real-time, cross-network money movement solution – can be used to shop and deliver cash back.
eGlobal announced a contract renewal with BJ’s Wholesale Club, its sole provider of ATM services. Adding a long-term contract extension to a relationship started in 2009, eGlobal, a leading supplier of full-service ATM solutions, will continue to own and operate more than 200 ATMs located in BJ’s Clubs.This program will continue to offer an important service to BJ’s Members, and also create a compelling opportunity for banks and credit unions to participate in eGlobal’s ATM Branding Program. Utilizing this program, financial institutions experience increased brand awareness, market reach, and surcharge-free transactions for their account holders at BJ’s Club locations.
The WorldPay Group announced WorldPay US has recently agreed to the purchase of Century Payments. WorldPay US will now strengthen its strategic partnership model and gain advanced sales tools and analytics. This transaction is the culmination of a long-standing relationship between WorldPay and Century Payments. Financial Technology Partners LP and FTP Securities LLC (together, “FT Partners”) served as exclusive financial and strategic advisor to Century Payments.
Corethree has formed a strategic partnership with Barclays for the inclusion of Barclays Pingit ‘mobile check-out’ in Corethree’s award-winning mobile wallet for transport ticketing. This is a UK first in mobile commerce and sees the cutting edge UK tech company Corethree become the first business to integrate Barclays Pingit mobile checkout. Wessex Bus’ Uniconnect network in Bath will go live with Corethree’s m-ticketing solution on Monday 23rd September 2013 as part of Bath University’s freshers’ week. Over the next 12 months, Corethree and Barclays will rollout their mobile payment services to other transport operators to reach as many as 1 million passenger journeys per day.