Jacksonville, FL-based FIS reported fourth quarter revenue increased to $1689 million from $1579 million or 7.0% year-on-year (Y/Y). FIS says the outlook for revenue growth and earnings per share in 2015 is revenue growth of 5% to 7%.
VA-based Global Tel*Link has acquired TouchPay. The acquisition is the next step GTL has taken in its path to grow its payment services business into new government sectors, expand its corrections payment service business.
CA-based Armor Payments has launched the first Escrow as a Service (EaaS) payment solution. With Armor Payments EaaS, third-party applications such as B2B marketplaces, crowdfunding services, and solutions requiring B2B disbursements can easily integrate and offer secure escrow payments between their payers and payees to cost-effectively eliminate the risks of doing business online.
First American Payment Systems has partnered with the Community Bankers Association of Illinois (CBAI) as an endorsed merchant services provider for the Association.
LS Retail has a new version of its premier Omni-Channel retail and hospitality solution, LS Nav. The LS Nav member management feature makes it easy for retailers to get closer to their customers by offering them membership in loyalty programs as an app.
Atlanta-based FleetCor Technologies reported total revenues increased 47% to $376.7 million compared to $255.5 million in the fourth quarter of 2013. Comdata, which was acquired on November 14, 2014, contributed approximately 27 percentage points of the revenue growth in the quarter, or $70 million to the fourth quarter of 2014.
Half of mobile internet users have used a mobile device to make a major financial purchase, such as getting a mortgage, buying a car or investing in stocks. Consumers most likely to have made a large transaction on their mobile device were between the ages of 30 and 49 (58% have done so).
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Discover “FICO Twins” television ad.
The international web hosting service provider Host1Plus has announced a partnership with Coinzone for Bitcoin payment integration, big news.
American Express continues to lose U.S. marketshare to Visa (VS) and MasterCard (MC) in the fourth quarter, with MC doing the most damage gaining 80 basis points (bps). Discover continues to maintain its 2.5% marketshare in U.S. Gross Dollar Volume (GDV).
Computer Services has enhanced its WatchDOG watch list screening applications to align with recently released regulations from the Office of Foreign Assets Control (OFAC) that target the Crimea region in Ukraine.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Sam Esfahani SVP, Chief Information Officer of PSCU.