Mako Networks and Sprint teamed to add the Mako System to Sprint’s portfolio of solutions for retailers and distributed enterprises. U.S. customers can now purchase Mako’s solution integrated with Sprint’s wireless service to connect, protect, control and secure their data and payment transactions. The Mako System creates simple, secure PCI DSS compliant networks for distributed enterprises (multisite businesses), such as retail chains or franchises. With an easy-to-use cloud-based Central Management System (CMS), Mako allows administrators to manage the network connections at thousands of sites through a single Web interface, without jeopardizing their networks’ PCI-compliant status. The solution also includes built-in Wi-Fi and Mako Guardian content filtering and reporting, in addition to an array of other value-added features, including extensive 24×7 monitoring and alerts to help maintain network security.
Transaction Capital advised its shareholders that all conditions precedent to its sale of Paycorp Holdings (Pty) Ltd to global private equity firm, Actis, have been fulfilled and/or waived and that the transfer of ownership has been concluded. The transaction was announced in August this year and sees Actis becoming the majority shareholder of Paycorp, one of South Africa’s leading independent payments groups. Paycorp founder and CEO, Steven Kark and his executive team, are co-investors. The deal includes the entire issued share capital of Paycorp and its subsidiaries: ATM Solutions, DrawCard and EFTPOS.
EVO Payments completed its acquisition of a controlling interest in Banco Popular’s merchant acquiring business in Spain. Banco Popular’s merchant acquiring business will now operate under the name Popular Payments. The acquisition also includes a ten year marketing alliance in which the Bank will exclusively refer its merchant customers to the joint venture for merchant acquiring services.
Payfirma mpayments partnered CIBC to offer its services to CIBC business banking clients who are seeking solutions for accepting payments from clients using mobile devices. Payfirma offers a range of hardware and software solutions on a single platform to help businesses accept debit and credit card payments in stores, online through their company website, or remotely using smartphones and tablets as mobile terminals. Leveraging existing assets such as smartphones and tablets lowers the cost of entry for small businesses who are seeking to expand the payment options available to their clients, and also enables businesses to collect payments anywhere with cellular service.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard posted 3Q/13 net income of $879 million, up 14% from the year-ago period and a net revenue of $2.2 billion, a 16% increase since the year ago period. Processed transactions were up 16%, to 10 billion while cross-border volumes were up 19%. Worldwide purchase volume during the quarter grew 14%…
Square announced Staples will sell its “Square Stand” hardware allowing brick and mortar businesses turn an iPad into a complete POS. Business owners will be able to process test payments with Square Stand and Square Register, Square’s free point-of-sale software, at many Staples locations. Businesses that purchase a Square Stand from Staples in November will receive a free $200 Staples gift card. Nearly 70% of businesses who have purchased a Square Stand are either entirely new to Square or did not previously use Square on a regular basis.
MasterCard launched its MasterCard Center for Inclusive Growth to conduct and support academic research and provide strategic philanthropic investments that further sustainable and equitable economic growth and financial inclusion around the world. More than a billion people live in extreme poverty, and 2.5 billion adults lack access to formal financial services. While progress is being made, inclusive growth can be the difference, especially for emerging markets, between a volatile economy and one that’s sustainable and sensible in its growth over time. Recognizing that timely, high-quality and relevant information is critical to sound decision-making, the Center will work with government agencies, academic institutions, non-profits, foundations and private corporations to create and curate relevant knowledge assets and convene a global knowledge network. The Center will also focus MasterCard’s strategic philanthropic investments on programs and initiatives that advance financial inclusion through entrepreneurship and economic development.
Onyx Payments payment solutions provider for the hospitality and tourism industry will begin operating under its new trade name, formerly known as H.I.G. Capital announced it had acquired the former Pegasus Financial Services to form an independently operated business. Onyx Payments specializes in financial solutions for more than 40,000 hotels and 60,000 travel distributors worldwide. With more than 20 years’ experience in the industry, the company has provided its customers with exceptional services and proven solutions that will only be strengthened by this new identity. Onyx Payments has already begun making significant customer-impacting investments in development of new technologies, aligning with a state-of-the-art, cloud-based data center and developing world-class customer reporting tools.
Lodo Software omnichannel digital banking services is now available for D3 Consumer Banking, letting financial institutions reduce the overhead and complexity associated with running multiple systems across their online and mobile banking channels. This allows the bank or credit union using D3 Consumer Banking™ to provide customers with a consistent, personalized experience anytime, anywhere on any device. D3 Consumer Banking™ delivers an innovative set of features designed to make the digital banking experience simple for the customer and data rich for the financial institution.
For those looking to get a head start on their holiday shopping, J.Crew and MasterCard are making it a little simpler at jcrew.com. Starting in November, consumers can take advantage of MasterPass™ at checkout. This digital wallet service enables shoppers to use any payment card or enabled device to unlock a simplified and speedier checkout experience whether they’re at home, in a store or on the go. With MasterPass, shoppers can pay for the things they want with the security they demand, through the simple click of a mouse, touch of a tablet or tap of a smartphone. The wallet securely stores shoppers preferred payment and shipping information which is readily accessible when they click on the Buy with MasterPass button and log into their account. The program will also encompass digital and social initiatives set to kick off in November.
Virtual Piggy will provide its youth-friendly payment system to The Journeys Group, a division of Genesco providing teen specialty retail. The Journeys Group is a leader in the teen specialty retail scene, with more than 820 Journeys stores across the United States and Canada, and more than 1,150 stores across Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys. Virtual Piggy promotes financial management while empowering youth to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. The award-winning technology serves as a family wallet that is available online or via mobile, and is always 100% free to use.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv posted 3Q/13 adjusted revenue of $1.14 billion, up 10% from the year ago figure of $1.04 billion. For the 2013 9 month figure, adjusted revenue was $3.36 billion, 9% on the year ago figure of $3.08 billion. Adjusted earnings per share from continuing operations in the third quarter increased 24…