TSYS promoted Andrew Mathieson to Group Executive of Relationship Management, who joined TSYS in 2009. Now responsible for providing TSYS clients with marketing, risk management and business consulting services, he is also responsible for the development, implementation and ongoing management of turnkey credit card services, a key TSYS offer to the financial technology services market. He was the founder and president of Fintura Corporation, which provided financial institutions with product management outsourcing solutions. He also has extensive experience in strategic planning, new product design and development, distribution planning and business development in the financial services industries, gained through both consulting and management positions.
JetPay Payment Services appointed Jeffry A. Beene SVP, Risk Management, bringing to the role over 20 years’ expertise from within the merchant acquiring industry. Mr. Beene spent almost nine years in executive positions including: Chief Compliance Officer and Executive Vice President at NetSecure Payments, Executive Vice President of Operations at FrontStream Payments and President and Chief Compliance Officer at Pipeline Data Processing. Prior to these positions, he was the Vice President of Security and Compliance for Genpass Technologies Inc. and Director of Security at Gensar Technologies, both companies headed by JetPay Corporation’s Chairman, Bipin C. Shah. He is one of the founding members of the Merchant Acquirer Committee (MAC) which provides universal risk management solutions through ongoing communication and cooperation among acquirers and card associations. He is actively involved with the Electronic Transactions Association (ETA) served on the ETA’s risk and fraud management committee as its vice-chairman, and also served on government relations, industry relations and new member committees.
Oberthur Technologies made available its ID-One PIV for eSE solution. The ID-One PIV for eSE solution is designed for government agencies and large companies, offers the same security level currently available with cards on desktops or laptops but in a mobile phone or tablet integrating an embedded Secure Element (eSE). This breakthrough technology makes the citizens’ data more secure and is the core of any corporation or government security policy. It is already well-known by the Department of Defence of the United States and is today recognized by the whole industry as a state-of-the-art security technology that will allow governments and corporations to protect their valuable data. Oberthur Technologies’ ID-One PIV for eSE solution is a software suite combining a JavaCard™ applet loaded into the embedded Secure Element (eSE) and an Android application. It enables end-users’ biometric identification to open doors, sign and encrypt emails or use PIV features for a secure cloud access. This product is an answer to organizations which use PKI2 cards for physical and/or logical access control but which do not know how to properly manage mobility of their employees.
Bluefin Payment Systems and Medtask practice management solutions for the medical industry partnered on integrated payment processing within the Medtask practice management platform. Bluefin’s payment platform, PayConex, features credit/debit/ACH processing with security features such as transparent redirect, tokenization, and point-to-point encryption (P2PE). Merchants can accept payments through the PayConex virtual terminal, at point of sale, online using the company’s hosted payment page, or through a mobile phone or tablet. Medtask has established a reputation as an all-in-one practice management solution, designed to let doctors focus on their patients. Medtask provides cloud-based services they provide including scheduling, billing, reporting, e-Eligibility, e-Remittance (ERA), and Electronic Health Records (EHR). Medtask customers have the luxury of being able to manage their practice from any computer, at any time.
USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, congratulates customer, Cromer Food Services, who recently earned second place for their use of wireless technology, including USAT’s ePorts® and ePort Connect® service, as part of the 2013 Verizon Wireless Technology Innovation Awards.
Mako Networks and Sprint teamed to add the Mako System to Sprint’s portfolio of solutions for retailers and distributed enterprises. U.S. customers can now purchase Mako’s solution integrated with Sprint’s wireless service to connect, protect, control and secure their data and payment transactions. The Mako System creates simple, secure PCI DSS compliant networks for distributed enterprises (multisite businesses), such as retail chains or franchises. With an easy-to-use cloud-based Central Management System (CMS), Mako allows administrators to manage the network connections at thousands of sites through a single Web interface, without jeopardizing their networks’ PCI-compliant status. The solution also includes built-in Wi-Fi and Mako Guardian content filtering and reporting, in addition to an array of other value-added features, including extensive 24×7 monitoring and alerts to help maintain network security.
Virtual Piggy will provide its youth-friendly payment system to The Journeys Group, a division of Genesco providing teen specialty retail. The Journeys Group is a leader in the teen specialty retail scene, with more than 820 Journeys stores across the United States and Canada, and more than 1,150 stores across Journeys, Journeys Kidz, Shi by Journeys and Underground by Journeys. Virtual Piggy promotes financial management while empowering youth to make purchasing, saving and other money management decisions for themselves, within the boundaries setup by parents. The award-winning technology serves as a family wallet that is available online or via mobile, and is always 100% free to use.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard posted 3Q/13 net income of $879 million, up 14% from the year-ago period and a net revenue of $2.2 billion, a 16% increase since the year ago period. Processed transactions were up 16%, to 10 billion while cross-border volumes were up 19%. Worldwide purchase volume during the quarter grew 14%…
Square announced Staples will sell its “Square Stand” hardware allowing brick and mortar businesses turn an iPad into a complete POS. Business owners will be able to process test payments with Square Stand and Square Register, Square’s free point-of-sale software, at many Staples locations. Businesses that purchase a Square Stand from Staples in November will receive a free $200 Staples gift card. Nearly 70% of businesses who have purchased a Square Stand are either entirely new to Square or did not previously use Square on a regular basis.
MasterCard launched its MasterCard Center for Inclusive Growth to conduct and support academic research and provide strategic philanthropic investments that further sustainable and equitable economic growth and financial inclusion around the world. More than a billion people live in extreme poverty, and 2.5 billion adults lack access to formal financial services. While progress is being made, inclusive growth can be the difference, especially for emerging markets, between a volatile economy and one that’s sustainable and sensible in its growth over time. Recognizing that timely, high-quality and relevant information is critical to sound decision-making, the Center will work with government agencies, academic institutions, non-profits, foundations and private corporations to create and curate relevant knowledge assets and convene a global knowledge network. The Center will also focus MasterCard’s strategic philanthropic investments on programs and initiatives that advance financial inclusion through entrepreneurship and economic development.
Onyx Payments payment solutions provider for the hospitality and tourism industry will begin operating under its new trade name, formerly known as H.I.G. Capital announced it had acquired the former Pegasus Financial Services to form an independently operated business. Onyx Payments specializes in financial solutions for more than 40,000 hotels and 60,000 travel distributors worldwide. With more than 20 years’ experience in the industry, the company has provided its customers with exceptional services and proven solutions that will only be strengthened by this new identity. Onyx Payments has already begun making significant customer-impacting investments in development of new technologies, aligning with a state-of-the-art, cloud-based data center and developing world-class customer reporting tools.
Lodo Software omnichannel digital banking services is now available for D3 Consumer Banking, letting financial institutions reduce the overhead and complexity associated with running multiple systems across their online and mobile banking channels. This allows the bank or credit union using D3 Consumer Banking™ to provide customers with a consistent, personalized experience anytime, anywhere on any device. D3 Consumer Banking™ delivers an innovative set of features designed to make the digital banking experience simple for the customer and data rich for the financial institution.