USA Technologies 4Q/13 Revenue Up 23% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies reported results for the fourth quarter and full fiscal year ended June 30, 2013. Fourth quarter highlights include a 23% increase in total revenues to $9.7 million and a 28% increase in license and transaction fee revenues to $8.2 million, representing 84% of total revenues for the quarter. Revenues…

VeriFone Posts Revenue Exceeds Guidance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems posted fiscal 1Q/14 net revenues of $436 million and operating cash flow of $32 million. This exceeds guidance thanks in great part to operational initiatives launched in the year ago period and innovative payment as a service and commerce enablement solutions. Additional disclosure indicated service businesses achieved net revenues…

CardLab Appoints New CRO

CardLab fully customized open-loop incentive and prepaid card products announced Glen Holbert has been named Chief Revenue Officer. Holbert is responsible for growing revenue by identifying new industry segments and new product innovations. He will also continue to manage the relationships with CardLab’s robust e-commerce clientele, large corporate clients and CardLab’s reseller network. Holbert joined the CardLab team in 2013 with 25 years of industry expertise, having served as Executive Vice President of Sales for Parago, a leading rebate processing company and worked with several of the nation’s leading incentive companies including MotivAction, LLC, BI Performance, Maritz Inc. and Marketing Innovators International. He holds a B.S. in Business and Marketing from Miami University.

FreedomPay Names Vice President, Technology

FreedomPay added Marc Pereira to its executive team as vice president of technology. With nearly 20 years of e-commerce and technology experience, Pereira will be responsible for overseeing, envisioning and maintaining the company’s technology infrastructure, which covers both the development process and the network infrastructure management operations. Marc will ensure that FreedomPay’s world-leading commerce platform is constructed using best practices in security, code optimization and scalability. Pereira joins FreedomPay after serving nearly 12 years in strategic executive roles at eBay Enterprises. Marc has led project teams in coordinating complex, concurrent product development initiatives, deployment and forecasting.

JetPay Payment Services Names EVP, Sales

JetPay Payment Services Appointed Jeffrey S. Tourek as Executive Vice President and National Sales leader. Jeff comes to JetPay from Heartland Payment Systems where he was Executive Director for Major Accounts. JetPay Corporation is a nationally recognized payments processor for all major payment cards, with vertically integrated services for businesses that include prepaid debit cards, payroll services and related payroll tax filing, and human resource management. JetPay offers a unique blend of hi-tech transaction processing with customizable solutions for a wide swath of business needs. JetPay Payment Services’ technology platform handles all types of payment transactions including swiped cards at the merchant, mobile payments, and large internet card-not-present businesses.

2Checkout Offers Instant Underwriting to Merchants

2Checkout now offers online retailers the ability to apply for their new merchant accounts online and be underwritten and approved instantly. No other bank or payments processor enables a merchant to start selling as quickly. A new merchant can go from application to live payment processing in seconds, versus the industry norm of weeks. 2Checkout is a global payments processor that lets online retailers accept credit cards, debit cards, PayPal, and recurring billing in 26 currencies and 15 languages. In addition to processing payments with PCI Level 1 compliance, 2Checkout also protects merchants by passing all transactions through their proprietary fraud review. 2Checkout also gives merchants options for hosted checkout, APIs for direct website integration, turnkey implementation with more than 100 shopping carts, and free mobile and tablet apps for monitoring and managing sales.

Higher One Acheives Validated Oracle Integration

Higher One announced from the floor of the Alliance HEUG conference (booth 706) it has achieved Oracle Validated Integration of Higher One Payment Processing with Oracle’s PeopleSoft Campus Solutions 9.0. Higher One provides payment processing to campuses across the country. For institutions, these services can offer assurance that transactions will occur in real-time and within the strictest of security standards, all through a proven integration. To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. This proven strategy can assure institutions that they can rely on Higher One’s virtually seamless processing of payments made by students and parents, including online, on-campus, international and mobile payments.

First Data Shows Weather Slows Consumer Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its January SpendTrend analysis, compared to January 2013, tracking same-store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data. Dollar volume growth of 2.5% slowed from December’s 3.4% growth as severe winter…

First Data Names CEO Chairman

First Data payment technology announced its Board of Directors has named Frank Bisignano chairman in addition to his role as CEO. Bisignano was named chief executive officer for First Data on April 29, 2013. Since then, he has moved to rapidly reposition the company from a traditional processing business to a product and technology solutions provider to merchants and financial institutions. Under Bisignano’s leadership, initiatives to focus on clients, increase operating efficiencies and bring innovation to the fast-paced payments industry have launched successfully. Bisignano also introduced an equity ownership plan that put stock in the hands of nearly all of First Data employees. In addition, under his leadership, the company unveiled the Clover™ Station, a transformational point-of-sale solution for small and medium sized businesses.

BlueSnap upgrades its BuyNow e-commerce checkout page

BlueSnap upgraded its BuyNow hosted checkout pages enabling merchants to present a flexible, full-featured, PCI-compliant checkout page to shoppers in 180 countries without development expense or the need to commit company resources to meet PCI security standards. The new release features eye path-optimized page design, easy customization, A/B testing, mobile device support, and other enhancements to help merchants close more online sales.Online retailers that use BlueSnap’s hosted checkout pages have full access to all platform functions, including award-winning subscription management, coupon generation, catalog management and full support for both physical and digital goods as well as dynamic localization across 60 currencies, 29 languages and 110 payment methods.

American Express Support Startups, Research on Financial Inclusion

American Express, at SXSW Interactive Festival, announced several new technology initiatives to promote financial inclusion in the U.S. These include a new program from American Express Ventures to fund startups working toward financial inclusion, the establishment of a Financial Innovation Lab, and sponsorship of a documentary. The documentary will spotlight how technology and new thinking can begin to address the issues facing nearly 70 million Americans1 poorly served or excluded from the mainstream financial system. American Express showcased the trailer for Spent: Looking for Change earlier today at an intimate event at SXSW. The film, set to premiere this summer, follows a handful of hopeful Americans as they navigate their way through an antiquated financial system that can inhibit, rather than help, people’s ability to access, move and manage money as well as save for the future. The film will illustrate the seriousness of this growing problem, but also explore the many solutions emerging through technology, innovation and education.

ACI Worldwide Presents Executive Payments Summit

ACI Worldwide will be hosting “The Disruption Opportunity: A Game-Changing Perspective on Payments,” an executive payments summit in New York and London on March 12. ACI’s senior payments leaders and other esteemed industry experts will headline this executive summit that explores the opportunity for banks, retailers, billers and processors to leverage payments disruption to get ahead in the marketplace. The summit kicks off with a NASDAQ bell ringing ceremony, followed by a senior-level executive panel that will discuss payments perspectives. Phil Heasley, president and CEO, ACI Worldwide, will present the Disruption Opportunity, and Steve Forbes, editor-in-chief, Forbes Magazine and chairman, Forbes Media, will present Payments Transformation and the Global Economy.