Jeff Weikert has joined RewardsNOW turnkey loyalty programsmanagement team as Vice President of Sales, bringing to the role over 30 years’ experience in the financial services industry in a variety of executive roles. He was most recently Executive VP, Business Development at Verient. He also served as Senior VP and GM of the bill payment business unit at CheckFree, responsible for managing the business unit’s overall efforts, including sales, account management, product management, marketing and business policy serving top financial institutions in the US. He holds an undergraduate degree from the University of Dayton (Ohio) and a Masters in Business Administration from Georgia State University.
Intuit will continue to offer the “GoPayment” mobile payment app for processing credit cards, charging no monthly fee, due to a high level of demand. This will let small businesses affordably start processing credit cards on their mobile phones. Since the initial offer, Intuit has more than tripled the number of customers signing up for GoPayment each day. GoPayment was introduced two years ago as one of the first mobile payment services on the market. It was designed to help people easily and quickly get paid via their mobile devices wherever they do business. GoPayment is available for iOS, Android and Blackberry.
WatchDox announced its clients are using its solution to securely distribute SAS-70 Type I, II, SSAE 16 and PCI-DSS audits to customers in financial services. WatchDox enables enterprises to disseminate audit reports to partners and customers while retaining the rights to regulate who can view, print, forward and copy material. WatchDox enables easy, secure and leak-free document sharing and collaboration, inside and outside of organizations. WatchDox’s secure document sharing and virtual data room software-as-a-service (SaaS (News – Alert)) solutions allow companies to maintain full control and tracking over documents – wherever they go.
VeriFone Systems secure electronic payment solutions and LifeNexus “iChip” and Personal Health Card have forged agreements to provide “iChip” acceptance software on VeriFone payment acceptance solutions. The LifeNexus Personal Health Card is the first multi-purpose electronic health card utilizing the embedded iChip for securely maintaining an individual’s health record and incorporates a payment card option. Making “iChip” acceptance software available on VeriFone systems at pharmacies, hospitals and physician offices makes it easy for consumers to securely exchange their private healthcare information with providers.
MasterCard Advisors’ SpendingPulse macroeconomic report tracking national retail and service sales provided summary results for January 2011. Excluding auto sales, total retail sales grew by 5.5% year-over-year, on par with December’s growth rate, and slightly higher than November’s. Strong sales also led to a rebound in shorter-term growth — on a month-to-month seasonally adjusted basis, January sales were up by 1.8%, reversing the slowdown that month-to-month sales had posted in December. Excluding both auto sales and gasoline, on a seasonally unadjusted basis, year-over-year sales in January grew by 4.6%, slightly slower than November and December, 2010, but nevertheless a healthy rate of growth by most standards. Spending grew in every part of the country, with the best unadjusted year-over-results in the South Central and Southeast regions respectively posting 9.7% and 7.7% growth.
Hypercom is projecting 4Q/10 net revenue of approximately $140 million, up $23 million by 19% from the $117 million in the year ago period and by approximately 12% over the 3Q/10 net revenue of $125 million. This is thanks to 63% year-over-year growth in Asia-Pacific; 24% growth in Southern EMEA; and 15% in the Americas (15%). Meanwhile, cash is expected to increase to approximately $57 million at December 31, 2010 from $38 million at September 30, 2010 driven primarily from positive cash flow from operations. For all of 2010, net revenue is expected to increase approximately $61 million, or 15%, as compared to 2009. The quarterly performance is also a reflection of stock gains on the unsolicited Verifone, all-stock acquisition of Hypercom, announced in the Fall.
ACI Worldwide electronic payments software 4Q/10 net income was up to $27.1 million from the year ago figure of $19.6 million. For the quarter, revenue was up 12% to $141.2 million. For the full year, revenue was up $27.1 million to $418.4 million compared to the year ago figure of $19.6 million on revenue of…
Western Union global payment services is set to ink agreements to expand its “Mobile Money Transfer” service throughout 18 countries in EMEA with the Etisalat Group mobile operator. This will let Etisalat’s subscribers send and receive Western Union Money Transfer transactions using their mobile “wallets,” or accounts tied to their mobile phones. Subscribers who initiate transactions from their mobile phones would be able to send funds to a receiver for cash payout at more than 400,000 Western Union Agent locations in 200 countries and territories. In addition, Etisalat subscribers would be able to send funds to other selected mobile subscribers who have mobile wallets. In 2010, Etisalat Group closed the year by reaching 135 million customers, and 2% revenue growth over 2009.
eServGlobal telecoms software vendor specializing inMobile Money and Value-Added Services (VAS) has partnered with Syriatel to extend its “PayMobile” solution with Mobile Money services to its subscriber base. Syriatel has over 6.4 million subscribers, for whom “PayMobile” will let conduct money transfer, bill payment and salary disbursement. The “PayMobile” solution is a mobile money and recharge solution, deployed in more than 30 countries, used every day by more than 250 million underbanked worldwide.
MasterCard and PayDQ have signed remote payment and presentment partnership to streamline the paper check payment process. This partnership was formed with the intention of increasing customer receivables over 20% thanks to easier payments and accelerated revenue. PayDQ and MasterCard Remote Payment and Presentment System (RPPS) will electronically modify customer’s receivable process, no longer requiring its customers to wait for banks to issue receivable paper checks which need to be validated, processed, reconciled and then received.
Dominic Venturo has been promoted CIO with the U.S. Bank payment services division from CIO retail payment services. In his new role he will identify business opportunities and emerging technologies that meet customer needs as customers understand them today or how they envision them in the future to broaden from retail payments to include innovation for larger businesses and targeted business sectors in the United States and internationally and will establish capabilities supporting mobile payments for the bank. Venturo has been with U.S. Bank for 12 years, having held various senior management positions in the payments businesses, and holds a bachelor’s degree in finance from Oregon State University and is a graduate of the Pacific Coast Banking School at the University of Washington Graduate School of Banking.
NXP Semiconductors and Giesecke & Devrient (G&D) have completed the full validation of a joint software solution offering secure interfaces between the handset, NFC functionality and secure elements such as the SIM card. This solution enables NFC to be integrated securely into mobile handsets based on the Android platform and other operating systems. The availability of an integrated secure NFC software solution within the NFC ecosystem represents a breakthrough for the future deployment of NFC-based services, which will offer consumers and the industry a vast array of mobile services, such as mobile payment and mobile ticketing. The new software-based secure NFC solution provides full flexibility to support all modes provided by the NFC technology.