First Data reported its financial results for 4Q/13 with consolidated revenue of $2.8 billion, up $40 million from the year ago period thanks to a $47 million increase in reimbursable debit network fees, postage and other. Adjusted revenue, which excludes certain items including debit network fees, was flat, year-over-year at $1.8 billion. For the fourth…
Global Payments payment solutions acquired Payment Processing fully-integrated payment solutions for 58,000 small-to-medium sized merchants. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies. Under the terms of the agreement, Global Payments paid a purchase price of $420 million in cash.
Payfirma is empowering merchants to accept payments in multiple ways through access to their full solution payment API. Developers can now use Payfirma’s easy-to-integrate API to build versatile products for accepting payments online and on mobile devices, so they can meet the needs of merchants who want to increase their revenue through multichannel payments and gain insight from their consolidated sales data.
Small businesses can now create, run and manage reward programs with NCR Silver iPad POS. Loyalty complements the existing automated email and social marketing functionality in NCR Silver making it even easier for cafés, shops, restaurants, boutiques, food trucks, and any small business to reward customers for repeat purchases. Loyalty fits seamlessly into the checkout process, automatically tracking rewards with each sale so customers see exactly what they have earned and eliminating the need for paper punch cards. Rewards and customer information reside on the NCR Silver POS system and merchants retain all the data rather than share it through a third-party loyalty application. NCR Silver with loyalty now does more to help time-starved small business owners.
VeriFone Systems won the 2014 Merchant Payments Ecosystem (MPE) Award in the mPOS category at MPE 2014. Selected by the MPE Awards Committee for its portfolio of PAYware Mobile solutions that transform smartphones and tablets into completely secure mPOS devices that can accept payments from traditional mag-stripe cards as well as EMV (chip and PIN) cards. VeriFone built its portfolio of PAYware Mobile solutions based on feedback from merchants and retailers. PAYware Mobile provides a complete, scalable and secure mobile payment solution for all segments–from large retailers to small merchants–enabling payment mobility anywhere and everywhere.
Isis mCommerce for AT&T Mobility, T-Mobile USA, Inc. and Verizon Wireless, announced an exclusive offer for American Express Card Members through June 1, 2014. Now American Express Card Members who tap to pay with a registered Card for a ride in a qualifying NYC Yellow Medallion Taxicab can get 50% back in statement credits. The promotion is available to American Express’ U.S. Consumer, OPEN® Small Business and Serve Card Members with a registered Card in the Isis Mobile Wallet. The promotion is good for up to $100 in statement credits per eligible Card and registration is limited. Users can download the Isis Mobile Wallet for free from Google Play. Message and data charges may apply.
Payoneer Inc. today announced it has completed a Series D financing round of $25 million. Susquehanna Growth Equity, LLC, a private equity firm focused on the financial services industry and an affiliate of Susquehanna International Group, LLP, led the investment, with participation from existing investors Carmel Ventures, Greylock IL and Vintage Venture Partners. Payoneer empowers cross-border commerce by providing a payment platform that connects thousands of companies with millions of professionals and small business owners from more than 200 countries. A profitable company with a four-year revenue CAGR of over 65%, Payoneer intends to continue its rapid growth by utilizing this new capital to accelerate its product roadmap, expand into new verticals and markets and increase sales and marketing investments, as well as enable the company to more actively pursue acquisitions.
Trustev has selected Datameer, the leader in Hadoop-based big data analytics, to help deliver insights from Trustev’s identity engine. Trustev uses real-time, online identity verification to prevent fraud in e-commerce transactions by focusing on validating the individual making the transaction, not just the payment method they’re using. The platform delivers individual, real-time decisions using multiple dynamic data sources — behavioral, transactional and social — instead of restrictive rules-based decisioning and profiling. In the 12 months since being founded, Trustev has been named Europe’s Top Technology Startup by the EU Commission and one of Forbes Magazine’s Hottest Global Startups.
A new regulator to oversee UK payment systems will be introduced by April 2015. The Financial Conduct Authority (FCA) has asked for views on the key issues facing the payments sector. The FCA’s ‘call for inputs’ will help shape the focus of the new regulator’s work. The largest payment systems are owned and managed by the big banks, but concerns have been raised that the sector lacks transparency and innovation. It also needs to be easier for challenger banks to access these systems and compete with the bigger players. The Banking Reform Act (2013) created a new independent regulator for payment systems as a subsidiary of the FCA. Initiatives include promoting competition, promoting innovation and ensuring that payment systems operate in the interests of their users.
eServGlobal mobile financial services will partner with MNepal Limited to offer a mobile financial service solution. eServGlobal and MNepal will offer a shared technology platform which can be accessed by all banks and financial institutions in the country to extend mobile financial services to their users. The service will operate as a common brand mobile financial service allowing multiple banks and financial institutions to join as members. The service will offer a comprehensive suite of mobile money services to users as well as extending to provide mobile-centric microfinance services such as loans, savings and insurance complemented by loyalty and segmentation features.