JetPay generated positive EBITDA from operations of $706,000 in the three months ended March 31, 2014 on reported revenues of $8.2 million. EBITDA for the three months ended March 31, 2014 was 8.6% of revenues as compared to EBITDA for the three months ended March 31, 2013 of $1.05 million or 13.7% of revenues. Revenues…
Kohl’s Department Stores and Capital One announced a multi-year extension of their private label credit card program agreement. The contract extension with Kohl’s enables consumers to have expanded buying power and solidifies an already strong partnership. Kohl’s high product standards and the company’s focus on customer service extends through its private label credit card program which offers cardholders access to exclusive offers, guaranteed savings and online payment services. Capital One’s long-term partnership with Kohl’s reinforces the company’s commitment to grow its Credit Card Partnership business.
Internet and tech entrepreneur Halsey Minor announced the launch of Bitreserve, a bitcoin platform that addresses bitcoin volatility and provides real-time transparency, transaction traceability, and proof of solvency. Bitreserve Members can hold bitcoin denominated in dollars, euros, yuan, yen, and pounds. These “bitcurrencies” are backed by a full reserve of real-world currencies.
First Data announced its Board of Directors has named Joseph J. Plumeri vice chairman. Plumeri was appointed to the First Data Board of Directors and as a senior advisor to KKR in August 2013. Since then he also has been serving as senior advisor to First Data Chairman and CEO Frank Bisignano, and as the head of First Data’s client delivery, innovation and marketing organization. He will continue in these roles.Since joining First Data, Plumeri has played a pivotal role in the company’s transformation from a transaction processor to a payments technology company and solutions provider to merchants and financial institutions. Plumeri has spearheaded company-wide efforts to become more client-centric, including realigning how the company delivers solutions to and serves its global and strategic accounts, national merchants and enterprise clients, financial institutions, small business clients, bank partners and agents and ISO clients. Plumeri was chairman and chief executive officer of Willis Group Holdings, plc before joining First Data. Appointed in 2000,
Heartland Payment Systems today is introducing Heartland Secure™ – a comprehensive credit/debit card data security solution that combines three powerful technologies working in tandem to provide merchants with the highest level of protection available against card-present data fraud. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against point-of-sale (POS) intrusions, crimeware, miscellaneous errors, insider misuse, and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data.
Cardlytics announced that President & COO, Lynne Laube, has been named a finalist for the Ernst & Young Entrepreneur of the Year Award for the Southeast, in the technology category. The award program recognizes entrepreneurs who demonstrate excellence and extraordinary success and personal commitment to their businesses and communities. Lynne Laube cofounded the advertising & technology company, Cardlytics, which has grown to over 250 employees in six years, with nearly 400 financial institution partners including Bank of America, PNC Bank and Regions Bank. Lynne held a number of leadership positions and was responsible for the key innovations, including the formation and growth of the core U.S. credit card business, expansion in the UK, and development of several new U.S. business lines.
TAPBase has announced it will add a next-generation standalone card and wallet device to its TAP Platform. The new device contains both NFC (Near Field Communications) and BLE (Bluetooth Low Energy) interfaces, and can replace existing cards for identity, payments, loyalty, transit ticketing, physical access and more. “We’re very pleased to offer consumers the chance to replace many of the cards in their wallets and purses – in a secure and convenient manner,” reported CEO, Robert Mallett.
BitPay partnered Toshiba to integrate acceptance into VisualTouch POS Software Solution. Toshiba VisualTouch POS provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each. VisualTouch will use BitPay’s POS-integration solutions to grow bitcoin acceptance through brick-and-mortar retail locations that may have not considered bitcoin acceptance in the past. BitPay has over 30,000 clients.
NCR will demonstrate how the right technology “fit” can help any restaurant – be it a large chain or a small coffee shop – operate more efficiently, manage more profitably and drive consumer engagement at the National Restaurant Association (NRA) Show 2014. With NCR’s POS systems and operational solutions, ease-of-use is infused in every step of the transaction – from the guest reservation and table management and mobile ordering solutions – to accurate and timely order placement with the kitchen production system, all the way to tableside ordering and quick merchant processing. When operators want a more detailed look, they can run reports for sales and labor data, helping to increase visibility into a business and reduce costs. Gift card and loyalty programs help operators stay connected to customers even after they leave the restaurant. NCR’s consumer feedback tool allows guests the opportunity to provide meaningful feedback and provides insight into the profit impact of a guest.
Andrew Gates, Director of Strategic Partnerships, and Heidi Young, Sales Director for RewardsNOW, Inc., will be speaking at THINK 14, CO-OP Financial Services’ annual credit union conference being held in New Orleans. The annual THINK conference is designed to assist credit unions in adapting to an ever changing consumer and competitive environment and covers topics such as innovations in member service, technology and branding and each year provides attendees with a variety of speakers and sessions that offer fresh perspectives and concrete solutions for them to bring back to their credit union.
MoneyGram global money transfer and payment services and DSK Bank introduced its “Cash to ATM” service. The new service allows DSK Bank debit card holders to receive MoneyGram transfers in BGN at more than 850 DSK Bank ATM terminals. Remittances from Bulgarians working abroad totaled $1.6 billion in 2013. The most active corridors for sending money transfers to the country are Spain, the United Kingdom, Germany, Greece, Italy, the USA and Turkey.
CashStar will join a panel of experts at All Payments Expo (APEX) Europe to help attendees understand and leverage the convergence of the payments, mobile, retail and marketing worlds during the session titled, APEX Europe brings together executives from diverse industries to build the next generation of prepaid, retail payments, emerging technologies and alternative financial services. APEX Europe is co-located with Retail Payment Innovations, a one-day event focusing on retail innovation and payment technology. During this panel discussion, attendees will gain real world insights from merchants’ approach to payments and commerce in an omni-channel environment. Panelists will discuss how they are approaching potential partnerships and investments across their channels.