Evolution1 and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been named to the annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. Fuhu tops this year’s list. Evolution1 joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
Planet Payment payment processing and multi-currency processing services announces the Board of Directors has appointed Carl Joseph Williams as a Director of the Company. Carl Williams’ career in financial services spans 30 years and includes several high profile industry positions. He is currently CEO and founder of Baikal Group, LLC a consultancy and advisory company. From May 2012 until July 2013, he served as Managing Director of Pay Anywhere, LLC. Until recently he was also an advisor to Global Payments Inc. Previously, Mr. Williams was President of World Wide Payment Processing for Global Payments, a role that he held from 2004-2009, while living in Prague and Hong Kong. Mr. Williams also served as President of the Merchant Services Division of National Processing Company, one of the nation’s largest processors of credit card, debit and check transactions. Mr. Williams has served as an advisor to Planet Payment, Inc. since 2010. Mr. Williams holds a B.A. from La Salle University in Philadelphia.
The National Retail Federation issued the following statement in reaction to the Federal Reserve’s announcement that it will appeal a U.S. District Court judge’s ruling that the cap it set on debit card swipe fees in 2011 was too high; “We are very disappointed to see the Fed giving in to the banks. The facts are very clear that the Fed set the cap far higher than intended by Congress, and the court has insisted that the mistake be fixed as soon as possible. Instead, the Fed has taken a position that will drag this out while retailers and their customers continue to pay billions of dollars in inflated fees that harm that U.S. economy. We want to see this case resolved today, not next year, so these fees can finally be brought under control.”
USA Technologies announced details of its “MORE” ePort Connect loyalty and prepaid program. USAT customers will be able to offer rewards and discount offers for products purchased at their cashless-enabled locations to build loyalty, repeat business and a greater understanding of their consumers’ purchasing preferences. “MORE.,” offered as an enhancement to USAT’s comprehensive ePort Connect® service, is a byproduct of USAT’s ongoing commitment to drive additional value for customers through every connection to its ePort Connect service. “MORE.” enables USAT’s customers to offer either a standard or customized reloadable card, giving their customers access to more rewards, more exclusive offers and promotions and more discounts for future purchases at participating self-service machines.
Trustwave and Transaction Network Services have joined forces to offer an open and vendor agnostic point-to-point encryption service designed to help merchants protect their customers’ payment card information. TNS will host Trustwave Point-to-Point Encryption technology in its network and data centers enabling TNS to take encrypted transactions from merchants, decrypt those transactions, and securely send transaction data to one or more of a merchant’s payment processors or acquirers. The joint service will be an open platform that will interoperate with point-of-sale technologies and integrate with various payment processors.
Cardlytics Card-Linked Marketing announced the United States Patent and Trademark Office has issued a patent for Cardlytics’ unique technology, covering their core systems – the Cardlytics Offer Placement System (OPS) and Offer Management System (OMS). U.S. Patent # 8,515,810 enables Cardlytics to create targeted marketing based on consumer purchase behavior, and place advertising through online banking portals. Cardlytics developed its distributed architecture in order to create purchase-targeted marketing campaigns, while protecting consumer privacy.
TransCentra announced that it has been selected by North American Power, one of the nation’s fastest-growing retail energy suppliers, to manage its billing and payments processing. The end-to-end, multichannel billing and payments processing solution will integrate services across the business, enabling North American Power to simplify and enhance billing and payment communication methods for more than 250,000 customers, while driving operational efficiencies. With operations currently in 11 markets, North American Power sought a solution that would transform its billing and payments model, meet regulatory compliance requirements in new markets, and provide the tools to address customer needs quickly and efficiently. TransCentra’s payment processing services include paper and electronic lockbox service, payment data management, A/R file consolidation and generation, and more.
Joseph J. Plumeri is joining the Board of Directors of First Data, a KKR portfolio company. Having served 12 years as Willis Group chairman and CEO and as its non-executive chairman through July 2013, Plumeri strengthened Willis’ position as one of the world’s leading insurance brokers through industry-sector-leading organic growth and operating margins, strategic expansion, and a return to public ownership in 2001. Prior to joining Willis, Plumeri had a 32-year career at Citigroup and its predecessor companies. As CEO of Citibank North America, he led the integration of the consumer businesses at Citicorp and Travelers Group. He also served as chairman and CEO of Travelers Primerica Financial Services, vice chairman of the Travelers Group, and president and managing partner of Shearson Lehman Brothers.
Mercury Payment Systems payment solutions providers announced a collaboration with PayPal to enable Mercury’s vast network of point-of-sale software developers and value-added resellers, and rapidly growing base of 80,000 merchants to offer PayPal in-store. This agreement brings PayPal together with a proven leader in delivering integrated payments solutions to countertops across America to give merchants a simple, and seamless way to use PayPal in-store. Through this collaboration, Mercury’s network of more than 500 point-of-sale developers will be provided a toolkit to enhance their POS system to accept PayPal’s in-store payments. Resellers of those systems will also be trained and certified to bundle PayPal acceptance with other merchant services that they already offer. Merchants using PayPal-enhanced POS systems enable PayPal customers to pay with their desired funding source in their PayPal wallet using their PayPal payment card or their mobile phone via the PayPal app.
The Republic of Kosovo has chosen Giesecke & Devrient (G&D) to manufacture and deliver its multifunctional, electronic, and entirely contactless smart ID cards. As prime contractor, the Munich-based technology company is assuming responsibility for all aspects of project management as well as for system development and manufacture of the cards. Sub-contractor for the Automated Fingerprint Inspection System (AFIS) and for the smartcard personalization machinery is Berlin-based Bundesdruckerei GmbH. G&D is also in charge of implementing and structuring all system components necessary to support every step in the ID documentation process, from applying for a card to delivering it. These new ID cards, which the Republic of Kosovo will begin issuing to its citizens by the end of this year, are among the most up-to-date smart ID cards in use anywhere in the world.
Payleven mobile card payments and Bixolon partnered to make available the mobile BIXOLON printer SPP-R200IIi will be sold via payleven in a bundle with the Chip & PIN device or as stand-alone. New and existing customers can order the Bluetooth printer in combination with the Chip & PIN device for the special offer price of £279. With the BIXOLON SPP-R200IIi all receipts can be printed immediately, without cable connection, via smartphone or tablet. The combination of the BIXOLON printer and Chip & PIN device fulfils many more functions than a traditional card terminal. If the customer wishes, merchants can print and hand out the conventional paper receipt right after the purchase. The payleven app works with debit- and credit cards. Small and medium sized enterprises benefit from the easy- to- use, absolutely mobile and convenient sized format of both devices.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express is introducing a suite of innovative digital and on-site benefits, designed to serve tennis fans the finest of the US Open, both on and off the courts at the USTA Billie Jean King National Tennis Center. This year, American Express is offering even more ways for tennis fans to…