I-Free launched its full-featured NFC-wallet in CIS embedded in smartphones and TSM (TrustedServiceManager) platform providing the advantages of NFC-technology including remote issue and protected of download MobileMasterCard PayPass cards. Both the NFC-wallet and TSM (Trusted Service Manager) platform were developed by i-Free for mobile contactless technology. Three services are available for NFC-wallet users: MobileMasterCard PayPass payment card of Tinkoff Credit Systems bank, transport cards from some Russian regional centers and geolocation-based coupon service. Nowadays these services are available only for a limited number of users, although we are preparing them for mass commercial use. A package solution including NFC -wallet and TSM platform significantly extends smartphone’s features, thus converting the devices into universal storages of any modern smart-cards and respective applications.
DFC Global financial services company for the unbanked and under-banked acquired Express Credit pawn loan provider. Express Credit Amanet, founded in 1998, operates a chain of 32 stores predominantly in the city of Iasi, Romania. In concert with DFC Global’s European pawn expansion strategy, the acquired stores primarily offer pawn lending on gold jewelry, small-size high-value electronics and automobiles, in addition to gold buying services. This acquisition also represents the Company’s initial foray into pawn lending on items outside of jewelry and fine watches. The trailing twelve months revenue for the acquired stores was approximately $9.0 million at the closing of the transaction and the acquisition is accretive to earnings.
The European Payments Council (EPC) and the Cards Stakeholders Group (CSG) published version 6.5 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume for a six-week public consultation. This document defines a standard set of requirements to ensure an interoperable and scalable card and terminal infrastructure across SEPA, based on open international card standards. All market participants and interested parties are invited to provide feedback by 14 July 2013. The CSG is a multi-stakeholder body representing retailers, vendors, processors, card schemes and the EPC. Created in 2009, the CSG develops and maintains the SEPA Cards Standardisation Volume, and focuses on a cards standardisation programme that will create a better, safer, more cost efficient and functionally richer card services environment, whatever the card product or scheme may be. The CSG improved usability and allows for greater flexibility regarding the maintenance of the documentation.
Agilysys announced that Wet ‘n’ Wild Las Vegas water park selected its “InfoGenesis” POS solution to streamline food and beverage operations and enhance guest service. The park opened Memorial Day weekend. Agilysys “InfoGenesis POS” POS software combines powerful reporting and configuration capabilities in the back office with a fast, intuitive and easy-to-use terminal application. The flexible system is easy to set up, and its scalable architecture enables customers to add workstations without having to build out expensive infrastructure. It also integrates easily with other applications, such as gift card and guest management solutions. The system’s detailed and high-quality reporting capabilities give insight into sales data and guest purchasing trends. Other features include packages and prix fixe menus, signature capture and multi-language capability. InfoGenesis POS is available as an on-premise solution or through a subscription service.
FIS named 25-year FIS veteran and current President and Chief Operating Officer (COO) Gary A. Norcross to its board. Having assumed the role of President and COO on March 30, 2012, Norcross is responsible for the steering and execution of the company’s global business strategy. Prior to his current role, Norcross held several leadership positions within the company and was instrumental in the 2009 acquisition and integration of Metavante Technologies, Inc. He was also instrumental in the acquisition of leading organizations such as Certegy and eFunds and more than 15 other companies, helping to grow FIS to more than 35,000 employees with over $5.8 billion in annual revenue. Norcross is active in the local North Florida community and serves on the Dean’s Executive Advisory Board for the Sam M. Walton School of Business at the University of Arkansas.
Alaric fraud prevention and payments solutions hired John Smith as Fraud and Payments Specialist, who joins the Company from Visa Europe. Following 9 years focused on fraud detection and prevention, Smith will be working alongside the Fractals team at Alaric, promoting the intelligent fraud detection solution. Smith brings 30 years’ experience in the cards and payments industry around the world. He has worked with organisations across the payments spectrum, from card schemes to issuers, acquirers and vendors. He has played a prominent role in the introduction of innovative new products and services in the UK, including the first PIN/debit pilot scheme and the first universal debit card scheme (Switch). As well as Visa, John has worked for various companies including Euronet Worldwide, Global Insight, IFS International, SEMA Group and ACI Worldwide.
CardSpring payments infrastructure startup partnered VeriFone to integrate the CardSpring web service platform with VeriFone’s open interface to its PAYware Connect (PWC) gateway, enabling developers to easily create card-linked services for any POS system interfaced to PWC. The partnership enables retailers and third-party developers to use the CardSpring APIs to easily create card-linked services for POS systems and VeriFone devices without requiring changes to shoppers’ purchase experience or existing store infrastructure. Card-linked applications let retailers turn traditional retail tools like paper coupons, gift cards, loyalty programs, or paper receipts into digital services that consumers can add to their existing credit or debit cards. Retailers can now leverage their existing devices to create digital, personalized relationships with their customers through card-linked services, at a fraction of the cost and complexity of installing new software or hardware.
United States Patent and Trademark Office has issued the industry’s first-ever patent for Cardlytics Card-Linked Marketing. Covering its proprietary, unique method of merging, or injected, targeted marketing offers within a transaction display of an online portal, U.S. Patent # 8,438,061 was awarded to Cardlytics’ CEO. Allowing Cardlytics to deliver millions of targeted marketing offers through its network of nearly 400 banks including Bank of America, PNC and Regions Bank. Cardlytics has a total of 5 patent applications related to its work in Card-Linked Marketing.
TSYS renewed its payments agreement with Nationwide Building Society, a major provider of credit cards to 15 million members, for undisclosed terms. With this, TSYS will continue to process Nationwide’s UK consumer card portfolio, as well as supporting all of its contact centre operations. Nationwide has utilised TSYS’ outsourced payments processing solution, TS2, since 2008. Nationwide was awarded ‘Best Achievement in Customer Service’ at The Card & Payments Awards 2013 for their ‘Listening to Customers Campaign,’ which was undertaken with the assistance of TSYS Managed Services EMEA.
Payoneer global payments company announced its wholly-owned subsidiary Payoneer EU has secured an Electronic Money license in Europe and expanded its management team to support the company’s rapid global growth. Oded Zehavi has also joined as Chief Revenue Officer. Zehavi is responsible for leading Payoneer’s sales, marketing and product activities globally. He previously served as the business development director for PayPal, where he led the inception of the PayPal services in the Middle East and Africa, and overall business growth within the region. Howard Gibbs has joined Payoneer as the Managing Director of Payoneer EU. Howard brings substantial experience in financial services with past leadership roles at MBNA, and other card and payments companies.
Softgate Systems, a leading provider of retail bill payment solutions, and The Pay-O-Matic Corporation, the largest check-casher in New York and Metro area provider of walk-in payment services, announced that the two companies are working together to build an enhanced new payment platform for use with Pay-O-Matic’s independent agents. The new solution will create a fully integrated platform that leverages Softgate’s bill payment processing engine and combines the two companies’ complimentary products like expedited payments, prepaid wireless, international top-ups, and prepaid debit cards. Those using Pay-O-Matic’s current agent software will transition to POMLINK™, a single source solution, powered by Softgate, which will support all their payments needs.
Discover Bank and Delaware’s Congressional Delegation of U.S. Sens. Tom Carper and Chris Coons and Congressman John Carney recognized the first group of employees to join a new Discover work-at-home jobs program for military personnel and their family members at a ceremony today at Dover Air Force Base. Discover’s work-at-home program provides training, resources and job opportunities for new employees seeking careers within the financial services industry. In addition to training, Discover supplies each new employee with the proper equipment and installation support to ensure a successful working environment at home. The new employees’ work will be coordinated out of Discover’s New Castle call center. Recruitment efforts for the new program focus on military personnel and their family members from the Dover Air Force Base and those associated with the base in the surrounding area.