First Data announced its Board of Directors has named Joseph J. Plumeri vice chairman. Plumeri was appointed to the First Data Board of Directors and as a senior advisor to KKR in August 2013. Since then he also has been serving as senior advisor to First Data Chairman and CEO Frank Bisignano, and as the head of First Data’s client delivery, innovation and marketing organization. He will continue in these roles.Since joining First Data, Plumeri has played a pivotal role in the company’s transformation from a transaction processor to a payments technology company and solutions provider to merchants and financial institutions. Plumeri has spearheaded company-wide efforts to become more client-centric, including realigning how the company delivers solutions to and serves its global and strategic accounts, national merchants and enterprise clients, financial institutions, small business clients, bank partners and agents and ISO clients. Plumeri was chairman and chief executive officer of Willis Group Holdings, plc before joining First Data. Appointed in 2000,
Heartland Payment Systems today is introducing Heartland Secure™ – a comprehensive credit/debit card data security solution that combines three powerful technologies working in tandem to provide merchants with the highest level of protection available against card-present data fraud. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against point-of-sale (POS) intrusions, crimeware, miscellaneous errors, insider misuse, and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data.
Cardlytics announced that President & COO, Lynne Laube, has been named a finalist for the Ernst & Young Entrepreneur of the Year Award for the Southeast, in the technology category. The award program recognizes entrepreneurs who demonstrate excellence and extraordinary success and personal commitment to their businesses and communities. Lynne Laube cofounded the advertising & technology company, Cardlytics, which has grown to over 250 employees in six years, with nearly 400 financial institution partners including Bank of America, PNC Bank and Regions Bank. Lynne held a number of leadership positions and was responsible for the key innovations, including the formation and growth of the core U.S. credit card business, expansion in the UK, and development of several new U.S. business lines.
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) 28.1% on a local currency basis in the first quarter (1Q/2014) to US$59 billion. Based on PDV, the VS CEMEA region is growing nearly twice as fast as the runner-up Asia Pacific region.
BitPay announces a partnership to integrate bitcoin acceptance into VisualTouch, Toshiba’s premiere POS Software Solution. Toshiba VisualTouch is a complete point of sale system that provides the advanced POS functionality needed for business management. VisualTouch POS is used in the Hospitality, Food Service, Grocery, Retail and Concession industries with a combined install base of more than 6,000 unique customers and some customers having up to 1,600 locations each.
iPayment posted 1Q/14 results, having processed $5.2 billion in total transaction volume, a 1.2% decrease from the same period in 2013. In the first quarter of 2014, the Company processed 80.4 million transactions, an increase of 1.0% from the first quarter of 2013. Total revenues increased by 1.4% to $158.1 million for the first quarter of 2014 from $156.0 million for the first quarter of 2013. This increase was primarily due to higher volume per merchant, partially offset by a lower number of merchants on file during the first quarter of 2014 versus the first quarter of 2013.
Inside Secure announces at Cartes America the launch of a white-label Android application for Host Card Emulation (HCE) based payments.The new MatrixHCE product enables mobile payment application providers to accelerate time to market by using the pre-validated HCE payment functionality. It includes the highest level of software security to defend against any attacks in the hostile mobile environment. Introduced on Android 4.4 (KitKat), Host Card Emulation (HCE) allows for contactless payments (and other services including loyalty programs, building access and transit passes) to be made directly between the consumers’ bank mobile application and the retailers point-of-sale, using NFC technology. It allows sensitive data used to facilitate transactions to be stored on, and accessed from, cloud servers rather than a mobile device and without the use of a hardware secure element.
PayByPhone, part of PayPoint plc, has announced recent developments, including the acquisition of Adaptis Solutions and success in winning the tender in Paris with VINCI Park. This acquisition and win reinforce PayByPhone’s position as one of the world’s leading providers of services to parking authorities.
Revention Point of Sale Solutions is pleased to announce their integration with LevelUp, a progressive mobile loyalty and payments platform that uses QR code technology to execute mobile transactions via Smartphones. The flexibility of the LevelUp mobile application allows for seamless integration with a wide range of restaurant industry concepts -from quick service to full service fine dining and everything in between.
Lamassu is taking orders for its modular system, which enables owners of existing Lamassu Bitcoin ATMs to add Bitcoin-for-cash capability via its new Santo Tirso bill dispensing pedestal. Previously, the manufacturer only produced machines with the ability to make cash-for-Bitcoin transactions. The bill dispenser stands, which sell for $5,500 each, are now available for preorder and will make their first appearance at the Bitcoin Foundation’s Bitcoin 2014 conference in Amsterdam May 15-17.
2Checkout released a new suite of payment API (Application Programming Interface) libraries from beta testing, letting merchants embed 2Checkout’s payment processing capabilities directly into their website. The 2Checkout Payment API libraries join 2Checkout’s hosted options: Standard Checkout and Inline Checkout. With these three checkout platforms, 2Checkout is the payments vendor with the broadest set of customizable payment methods in the world. Merchants use 2Checkout to process credit card, debit card and PayPal payments, allowing them to directly integrate 2Checkout’s technology into their website with complete coding control. They can therefore focus on designing a unique and branded checkout experience for their customers. Standard Checkout displays checkout pages based on the buyer’s device while maintaining the merchant’s unique branding. Inline Checkout provides a simple payment form that gives shoppers the appearance that they are still on the merchant’s site. The Payment API empowers merchants to integrate 2Checkout’s payment processing directly into their website with the most customization options.
Informatica Corporation (INFA) data integration software announced that the Western Union Company has made Informatica the data integration provider for its internal data initiative. Data insights are helping Western Union continue to enhance its digital service offerings, maximize customer satisfaction and improve brand loyalty across the many facets of its global operations. In 2013, Western Union completed 242 million consumer-to-consumer transactions worldwide and 459 million business payments, equating to more than 29 transactions per second, on average.