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.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union reported 4Q/13 financial results with flat revenues from the year ago period. Consumer-to-consumer (C2C) revenues declined 1%, flat on a constant currency. Total C2C transactions increased 9% in the fourth quarter, driven primarily by continued traction from the pricing investments which the Company began to implement in the fourth…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard and Visa partnered on a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States and tokenization, point-to-point encryption and broader needs. This…
Payelp Global is introducing a new revolutionary new payment and business platform called ePrime Global,™ which will dramatically help the speed and security of payment transactions within the Payelp system. The platform has been in beta, but the company is transitioning into the new platform now for all future transactions. Payelp is more than just a payment service provider (currently offering over 300 global payment gateways worldwide to merchants), as the company helps online retailers and businesses earn revenue in other regions around the world through global partners and local regional offices.
Ripple Labs launched this week the Ripple Developer Portal to make it easier and more efficient for third party developers to build on the Ripple protocol. Ripple Labs also announced that Mathijs Koenraadt claimed the first Ripple developer bounty for his Magento extension and its ability to read the Ripple public ledger to create an invoice. Ripple Labs created Ripple, an open-source, distributed payment protocol that powers a new global value web. The Ripple Developer Portal initially features the new REST API, and will expand over time to include a number of tools and resources designed to empower developers building on the Ripple open source code.
Switch Commerce LLC, a leading provider of ATM processing and Payments processing services, is pleased to announce our growth and move to a new company headquarters at 6565 N. MacArthur Boulevard in Irving, Texas. This move to a larger technology based headquarters reflects the company’s commitment to their customers and plans for new products under development in both ATM Processing and Payments Processing.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv reported financial results for 4Q/13 with an adjusted revenue of $1.19 billion, compared to $1.07 billion for 4Q/12- an increase of 10%. For the full year, GAAP revenue was $4.81 billion compared with $4.44 billion in 2012. Adjusted revenue was $4.55 billion for the full year compared with $4.15 billion…
CARDFREE announced its collaboration with Mercury Payment Systems. CARDFREE focuses on providing integrated mobile commerce and loyalty solutions for restaurants and retail stores that help large merchants engage consumers based on individual behaviors and preferences. The company’s award-winning platform provides end-to-end commerce capabilities, including smart offers, gifting, payments and loyalty. With this integration with Mercury, CARDFREE will be able to bundle core payment processing and merchant acquiring with their current suite of services.
Welch ATM has partnered with the Missouri Lottery and select convenience stores to provide even faster and more convenient access to lottery games…and potential winnings. ATMs at fifty local chains such as Mobil On the Run, U-Gas and Dirt Cheap will offer Powerball and MegaMillions quick pick purchases by March 7, 2014. Another fifty machines will launch in Kansas City by the end of the month.
Checkout form Stripe has released its latest version. These redesigns feature expanded address support and supports separate billing and shipping addresses. Now Stripe will automatically select the user’s country, and we can fill in their city and state when they enter a postal code. The Company also supports integrated billing address verification and users are notified immediately if they’ve mistyped anything. Additionally, the Stripe added the “Remember me” checkbox that allows customers to save their payment info by providing a mobile phone number. This in turn enables a rapid checkout experience in the future on any site using Checkout. Stripe securely identifies your users via text message so they don’t have to retype their payment information or remember an additional password.
CashStar, the digital gifting company preferred by the world’s leading brands, announced that its president and CEO, Ben Kaplan, has been invited to speak at OASIS: The Montgomery Summit. The OASIS Summit, an invitation-only event featuring top entrepreneurs and investors, senior level media and technology executives, and leading industry visionaries, makes its debut this year with 150 exceptional presenting companies. Kaplan will share how CashStar is transforming the gift card market with digital gifting and branded currencies that enable merchants to increase revenue, drive customer acquisition, and improve customer loyalty.
VeriFone Systems won the 2014 Merchant Payments Ecosystem (MPE) Award in the mPOS category at MPE 2014. Selected by the MPE Awards Committee for its portfolio of PAYware Mobile solutions that transform smartphones and tablets into completely secure mPOS devices that can accept payments from traditional mag-stripe cards as well as EMV (chip and PIN) cards. VeriFone built its portfolio of PAYware Mobile solutions based on feedback from merchants and retailers. PAYware Mobile provides a complete, scalable and secure mobile payment solution for all segments–from large retailers to small merchants–enabling payment mobility anywhere and everywhere.