Posera-HDX announced its financial results for the three and six-months ending June 30th, 2011, concluding the Company has performed well in spite of the difficult economic conditions world-wide, achieving an EBITDA profit of $19,272 for the three-months ended June 30, 2011, and sales and service revenues of $4,215,178, representing an increase of 16.4% from $3,620,892 from the three-months ended June 30, 2010. Excluding one-time expenditures related to legal costs, a tax judgement in the State of California and a reassessment of the Company’s investment tax credits receivable by the relevant income tax authorities, the Company achieved normalized EBITDA profit for the three-months ended June 30, 2011 of $233,513, compared to a normalized EBITDA profit of $102,923 for the three-months ended June 30, 2010. This represents an increase in the Company’s normalized EBITDA for the three-months ended June 30, 2011 of $130,590 (126.9%) compared to the three-months ended June 30, 2010.
RDM Corporation specialized software and hardware products for electronic payment processing announced its Notice of Intention to make a Normal Course Issuer Bid has been accepted by the Toronto Stock Exchange. Pursuant to the Bid, RDM may purchase up to 1,059,736 common shares, representing 5 per cent of the issued and outstanding common shares as of July 31, 2011. The purchases may commence on August 16, 2011 and will terminate on August 15, 2012, or on such earlier date that RDM completes its permitted purchases pursuant to the Notice or provides notice of termination of the Bid. All purchases will be made through the facilities of the TSX at prevailing market prices in accordance with regulatory requirements. Subject to any block purchases made in accordance with TSX rules, RDM will be subject to a daily repurchase restriction of 2,738 common shares. RDM will cancel any common shares purchased pursuant to the normal course issuer bid.
DirectCash Payments announced consolidated financial results for1H/11, during which it experienced increased Gross Profits 9% to $14.0 million; funds from operations payout ratio reduced to 54% from 85%; and an increased ATM network bringing the total number of active ATMs to 7,892. Furthermore, ATM transactions increased during the three and six months ended June 30, 2011 compared to the prior year due to the increased number of ATMs deployed. The increase in transactions relates primarily to the acquisition of Cashline Inc. which was a quality portfolio of ATMs that produced higher transaction volumes than the average ATM in Canada. Based on statistics provided by Interac, ATM transactions in the Canadian industry as a whole continued their historical decline on a per ATM basis.
Canadian point of sale software developer Volante POS Systems has announced their expansion into the retirement community point of sale market, with the Volante “Multi-Meal” software product. Volante has designed a point of sale and administration back office POS system tailored specifically to retirement communities and assisted living facilities. Volante has already penetrated the nursing home industry via a recent partnership with NCR at Toronto’s Baycrest, a premier academic health sciences center focused on aging. Baycrest provides care and service to approximately 2,000 seniors a day through its Geriatric Health Care System. Detailed, real time reporting along with photo identification provides accurate and important information to staff and family members anywhere, anytime.
SoftCom Cloud Hosting, VPS Hosting and Business Messaging and Collaboration services has earned PCI DSS v2.0 certification for its “myhosting.com,” “mail2web.com” and “SoftCom Business Services” core brands. This certification covers payment information, customer databases, online store processes, payment procedures, and data stored on back-end networks, so customer information will be secure today, tomorrow, and years from now. The robust account security framework approved by the Council for PCI Security Standards requires annual self-assessments and quarterly network intrusion scans conducted by a third party professional services company.
Omnego, a provider of white label mobile wallet and marketing platform solutions, has been selected by FuzeBuy to enable the delivery and redemption of gift cards from consumers’ smartphones. FuzeBuy hosts online shopping carts, fulfills gift card orders and manages loyalty programs for top brands across the nation. FuzeBuy is the newest group within the family of Jet, a national provider of loyalty and gifting production.
Online mobile payments provider Text2Pay announced Rogers, Bell, Fido and Telus customers, can now use its mobile billing platform to pay for virtual goods and online content from participating merchants, safely and easily. Customers’ mobile phone accounts are billed securely, using a two-factor PIN/ZIP code authentication for each transaction. Not only is this transaction method convenient and easy to use, the use of Text2Pay is more secure than using a credit card transaction. The Text2Pay mobile payment platform enables merchants and mobile developers a simple, effective way of monetizing their online offering or adding depth to their current payment options. With no credit card details required, merchants are able to access a wider range of customers and can expect their conversion rates to soar across all customer segments.
Text2Pay Mobile payments announced direct billing on Rogers, Bell, Fido and Telus providers, allowing mobile phone users to purchase goods and services online billed directly to their mobile phone account. Customers’ mobile phone accounts are billed securely, using a two-factor PIN/ZIP code authentication for each transaction. Not only is this transaction method convenient and easy to use, the use of Text2Pay is more secure than using a credit card transaction. The Text2Pay mobile payment platform enables merchants and mobile developers a simple, effective way of monetizing their online offering or adding depth to their current payment options.
comScore made available its Canadian Online Banking Insights report, providing a detailed look into emerging trends in the Canadian online banking industry. Based on comScore’s opt-in research panel of approximately 40,000 Canadian Internet users, the detailed quarterly reports include web site visitation, online marketing metrics, transaction benchmarks and mobile banking data that yield critical insights into emerging trends and consumer behavior in the Canadian online banking industry. An analysis of the Canadian online banking sector in Q1 2011 showed that there were 13.3 million online banking customers across the top Canadian financial institutions who manage checking or savings accounts online. Three out of five online banking consumers use their bank’s online bill pay platform. Although the number of online banking consumers in Canada is a fraction of the total in the U.S., bill payment users account for a similar percentage of total online banking customers, indicating a healthy demand for online payment services in Canada.
The outcome of the debit ceiling agreement has wide ranging consequences with the potential to have a significant impact on the global economy and stock markets. A BMO survey reveals that one in three Canadians are living at or beyond their means, with 27% living paycheque to paycheque, up 10% year-over-year. With this, BMO is recommending consumers spend less than they make; pay down credit cards; Set up a Tax Free Savings Account (TFSA); and develop a fall back plan in case you are unable to meet your financial obligations due to unexpected circumstances, such as loss of work, or damage to personal property, including your home or vehicle.
GuestLogix has renewed its Payment Application – Data Security Standards (PA-DSS) compliance certification as part of the company’s investment to provide robust and secure payment processing to its customers. This lets GuestLogix offer payment solutions backed by current certifications that specifically apply to vendors and payment application developers. GuestLogix’ payment processes are validated to ensure consumers’ personal information stays protected from outside sources. Using an approved process to prevent security threats, PCI DSS-approved environments better protect credit card data, including card codes and values (CVC2, CVV2, CAV2, CID), PINs, and stripe data.
YESpay International just launched a complete rebranding of its corporate and payment products and services, including a new logo along with website and product brochures. This was to add a fresh, new direction to the business in alignment with YESpay’s long term growth strategy. With a solution offered as a SaaS (Software as a service) model, YESpay drives a change in the market due to its ability to mitigate the merchants need to certify their retail systems to EMV Chip and PIN standards. This enables the merchant to fast track the deployment of fully approved point-of-sale (POS) systems and e-commerce websites in a matter of weeks at low monthly subscription fees. In addition, YESpay’s Payment solution, EMBOSS, significantly reduces the burden related to PCI-DSS compliance, as YESpay removes any sensitive card details from the merchant’s environment.