Global Payments to Offer MasterCard MasterPass

Global Payments will implement MasterPass digital payments service allowing consumers to use any payment card or enabled device for an enhanced shopping experience. The new service will provide Global Payments North American merchants the ability to offer their shoppers a convenient and flexible way to pay via the web or on a mobile device. With MasterPass, shoppers can pay for the things they want with the security they demand, through the simple click of a mouse, touch of a tablet or tap of a smartphone. Shoppers’ preferred payment and shipping information is securely stored within the digital service, which is readily accessible when they click on the “Buy with MasterPass” button and log into their accounts. This faster, more efficient experience leads to less shopping cart abandonment, increased sales and enhanced consumer loyalty.

TSYS & Virgin Money Ink Payment Agreement

TSYS reached a long-term agreement to provide consumer credit processing services along with value-added capabilities for Virgin Money customers within the United Kingdom. Virgin Money selected TSYS’ market leading TS2® platform to support its UK cards portfolio. TSYS will provide a flexible and reliable card processing solution for Virgin Money with value-added capabilities being provided through various partners, including TSYS Managed Services EMEA.

KitKat Now Supported By NBS Xpressi

NBS Technologies announced that the host card emulation (HCE) feature of Android KitKat is now fully supported by the NBS Xpressi Trusted Service Manager (TSM). With HCE no physical secure element is required. The secure element is implemented completely in the Android application. Therefore, no UICC chip or microSD card is required and no Mobile Network Operator (MNO) involvement is required to personalize and use an NFC enabled phone for contactless payments.

Itonis Sign License Agreement With MyECheck

Itonis, Inc. today announced that it has signed a Licensing Agreement with MyECheck, Inc. for Itonis to acquire a software license for MyECheck’s patented mobile payment app that will facilitate point of purchase transactions for medical marijuana, gambling, and general retail sales. There is no expiration date on that license. The license agreement calls for Itonis to pay a one-time licensing fee to MyECheck as well as a portion of the per-transaction fees collected at the point of sale.

iPayment Reports 4Q/13 & FY/14 Financial Results

iPayment announced their financial results for the three months and twelve months ended December 31, 2013. For 4Q/13, the Company processed $5.3 billion of total transaction volume, an increase of 1.0% from the same period of 2012. In the fourth quarter, the Company processed 82.9 million transactions, an increase of 2.0% from the fourth quarter 2012. Total revenues increased by 0.2% to $169.2 million for the fourth quarter of 2013 from $168.9 million for the fourth quarter of 2012.

Digital Insight Expands Online Banking

Digital Insight, announced it will expand its online banking portfolio to include Shared Access (Entitlements) and Small Business Payments, including Automated Clearing House (ACH) and Wires to help financial institutions increase profitability, deepen loyalty and trust, and reduce fraud. Digital Insight was acquired by NCR Corporation in January 2014. Offered as part of the retail banking platform, the added Digital Insight online banking solutions enable the company’s more than 1,000 customer financial institutions to attract and engage the unique needs of profitable small businesses.

Optimal Payments Integrates MasterCard Digital Wallet

Optimal Payments Plc is pleased to announce that it has integrated MasterPass™, MasterCard®’s digital wallet, into its NETBANX® merchant platform. MasterPass allows consumers to use any payment card or enabled device to discover enhanced and secure shopping experiences with just a click, tap or touch – online, in-store or anywhere. It moves payments forward by allowing the consumer to safely store all their payment, store card, loyalty, shipping and billing address details in one place and gives consumers the ability to make a payment from wherever they are with whatever device they have.

Credit Outstanding Down .3% Y/Y, But Rising

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit down 0.3% in January from last year to an adjusted $856B from $846B, any positive momentum achieved in 2013 is a fading memory, and its bleeding into 2014. Continuing to grow, January revolving credit outstanding is still not as high as the 2008…

AmEx to Increase Quarterly Dividend 13%, Buy Back +/- $4.4B Common Shares

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express announced its approved plan as part of the 2014 Comprehensive Capital Analysis and Review (CCAR). It included increasing the Company’s quarterly dividend to 26 cents per share beginning with the second quarter 2014 dividend declaration, subject to approval by the Company’s board of directors; repurchasing up to $4.4 billion…

VeriFone Welcomes New Member to Board of Directors

VeriFone Systems announced that Richard A. McGinn will leave the board and be replaced by long-time retail and consumer financial services veteran Jane J. Thompson, effective immediately. Thompson has successfully led multi-billion dollar organizations in the financial services, home services, retail, and ecommerce industries. She served at the executive level of Fortune 50 organizations for more than two decades. Most recently, as a strategic consultant, Thompson helped drive strategy and growth for large corporations as well as small, fast-growth businesses. She is the former president of Walmart Financial Services and former executive vice president of Sears Credit and Home Services. Thompson has also served as partner at McKinsey & Co., and in brand management and marketing at Procter & Gamble. She is a member of the board for The Fresh Market and former board member of ConAgra Foods.

American Express and Universal Studios Expand Partnership

Universal Studios and American Express announced an expanded multi-year agreement that brings the strength of Universal’s theme parks and filmed entertainment together with its brand to create exclusive consumer benefits and experiences. Also allowing AmEx to acquire new Card Members directly through Universal theme parks and websites, this expanded partnership presents new and innovative marketing opportunities for both companies. The partnership will now include marketing opportunities that leverage Universal Pictures’ retail partners, consumer licensing and digital media platforms on a global basis. The partnership will continue to set the stage for ongoing offers and promotions for anyone holding an American Express Card, ranging from discounts at the theme parks to special once-in-a-lifetime entertainment experiences.

Merchant Warehouse Acquires Opticard

Merchant Warehouse payment technologies acquired Opticard provider of gift and loyalty programs for organizations worldwide. Merchant Warehouse will now offer deeper mobile and digital engagement opportunities for small and mid-sized businesses through an expanded suite of gift, loyalty and prepaid programs. For nearly 20 years, Opticard has offers solution processing for merchants, ranging from small businesses to Fortune 500 companies, completing more than 20 million transactions annually. Its prepaid offerings, including both gift card and loyalty programs, are designed to meet the unique needs of every retailer, enabling them to build lasting relationships with their customers, while simultaneously encouraging them to return and spend more. Through this acquisition, Merchant Warehouse will continue to invest in the Opticard platform to advance the suite of service offerings to both new and existing resellers and retail customers. Opticard employees will join the Merchant Warehouse team, will continue to invest in Opticard’s solutions, offerings and infrastructure, enabling continuous improvement and growth.