Fiserv, Inc. just announced an agreement to make Visa’s common debit EMV solution available for the Accel(TM) debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID).
ZNAP™ announced today that the New York Sound City conference and music festival on March 17th in Williamsburg, Brooklyn will be the first U.S. event to feature ZNAP™’s NFC (near field communication) payment technology. During the event, ZNAP™ will unveil its NFC features to attendees, who will be the first consumers to test its tap-and-pay capabilities. In addition to facilitating mobile transactions, the ZNAP™ app enables consumers to manage loyalty points, rewards programs, coupons and special offers using their mobile devices. Promoters can activate capabilities designed specifically for festivals and live events.
It is with a collective heavy heart that US Dataworks, Inc. today announced the passing of its long-time Chairman and CEO, Charles E. Ramey, who died yesterday morning after suffering a severe heart attack from which he was unable to recover. The Company also announced that its Board of Directors has appointed John Penrod as its interim Chief Executive Officer. Mr. Penrod will continue in his role as the Company’s VP of Operations in addition to his new CEO duties. Joseph Saporito, an outside director of the Company, will take over the Chairman role with the Board seat left vacant by Mr. Ramey’s death to remain unfilled for the time being.
Ebates Inc. today announced the acquisition of Extrabux, a free, comparison shopping website where consumers discover the best prices, find coupons, and earn cash back on their online purchases. The two companies have a growing membership base in China and today announced the launch of Ebates.cn to capitalize on this opportunity. Ebates.cn will offer members cash back, coupons and special deals from over one thousand retailers including eBay, Macys.com, Sierra Trading Post and Vitacost. During the month of March, shoppers will be able to earn up to eight percent cash back by shopping at their favorite retailers through Ebates.cn.
As we previously stated on March 5th, our systems detected an unauthorized attempted intrusion into our Sally Beauty Supply LLC network. At the time of this discovery, we immediately engaged a top-tier forensics firm (Verizon) to investigate this security incident. As a result of this ongoing investigation, we have now discovered evidence that fewer than 25,000 records containing card-present (track 2) payment card data have been illegally accessed on our systems and we believe it may have been removed. As experience has shown in prior data security incidents at other companies, it is difficult to ascertain with certainty the scope of a data security breach/incident prior to the completion of a comprehensive forensic investigation. As a result, we will not speculate as to the scope or nature of the data security incident.
American Express Company today announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a dedicated holding structure, which will include certain assets and liabilities that currently comprise GBT, and will have a 50% ownership stake in the joint venture following the closing. In exchange for an investment of $900 million in the joint venture, the investor group will hold the remaining 50%. American Express initially announced its intention to pursue this joint venture transaction in September 2013.
U.S. Bank is extending its award-winning FlexPerks® Travel Rewards program into the business-to-business space with the launch of FlexPerks Corporate Rewards for commercial card programs. The rewards program will be offered as an optional add-on for U.S. Bank’s most popular commercial cards: the U.S. Bank Corporate Travel Card, the U.S. Bank Executive and Executive Platinum Cards, and the U.S. Bank One Card. FlexPerks Corporate Rewards offers organizations and their employees a new way to benefit from spending on cards. Flex points can be pooled at the corporate level to be redeemed at the organization’s discretion, or employees can be enabled to earn the points.
Visa announced the appointment of Ramón Martín to the newly created position of Global Head of Merchant Sales and Solutions to lead global merchant strategy and integrating key functions to deliver customized products and services designed to help merchants achieve their business goals and advance Visa’s strong merchant and acquiring partnerships worldwide. Martín joins Visa from American Express, where he spent 16 years, most recently as President of Merchant Services, Americas. Martín completed an Industrial Engineering Degree at Universidad Politécnica de Madrid and an MBA at Instituto de Empresa Business School in Madrid, Spain. Mr. Martín also serves as a member of the Board of Directors for the National Retail Federation.
Encore Payment Systems has provided small and medium-sized businesses all over the U.S. with the latest solutions in merchant services. Encore Payment Systems is proud to introduce the newest point-of-sale merchant solution to its suite of revenue-building tools, GlobalBay Merchant Tablet POS. GlobalBay Merchant Tablet POS is a turn-key point-of-sale solution that promises an affordable, easy to use system to manage virtually every aspect of their business. GlobalBay Merchant Tablet POS will enable EMV (Chip & PIN) transactions for Encore merchants a full 2 years before the government mandate.
USAePay recently welcomed HioTablet, a Windows tablet point of sale system for restaurants and retail businesses, to integrate with their secure payment gateway. Manufactured by ICG Software and distributed by AgentPOS, the HioTablet is an easy to install template rich point of sale system serving the restaurant and retail industries. HioTablet is unique in the fact that it does not charge any monthly software fees. The new HioTablet utilizes HioPOS terminal software on a Windows tablet and can be used as a stand-alone point of sale system, or interface with the HioPOS 15″ all-in-one terminal. The tablet contains 17 built-in templates covering a variety of restaurant and retail businesses including a guide for a bakery, bar, yogurt shop, sushi restaurant, supermarket, liquor store and more.
Xapo is a team of financial and security experts with a proven track record of building trusted financial products, including our last venture, Lemon Wallet. By offering both a Bitcoin wallet and vault in one secure place, Xapo is marrying the ease-of-use Bitcoin users want for everyday needs with the security they require for confident Bitcoin savings. And transferring bitcoins between your wallet and vault is simple and secure – as the industry’s first combined wallet and vault solution, Xapo is your trusted one-stop shop. I welcome you to open your free Xapo account today and be part of the Bitcoin revolution.
The bank-led mobile payment scheme Digicash has launched a pilot-project using the Beacon model in Luxembourg. Digicash Beacon devices at the point of sale combine Bluetooth, NFC and QR Code technologies. Its integrated with Digicash Apps that are issued by retail banks and conducts payments using SEPA Credit Transfers straight from the payer’s current account. Just a year after the launch of its mobile payment solution based on QR Codes, Digicash is innovating again by testing its new Digicash Beacon solution under field conditions together with three retail banks: BCEE, POST and BIL. The Beacon wireless data transmission model was announced recently by several global players as the customer experience revolution at the point of sale. Terminals at the POS use the Bluetooth Low Energy (BLE) technology, as well as NFC and QR Codes, automatically providing the customer with the best user experience based on the features of his smartphone.