First Data Names New Vice Chairman

First Data electronic commerce and payment processing announced that Executive VP, Ed Labry, has been named its Vice Chairman. Now the senior-most advisor to the chief executive officer, Labry will lead the company’s engagement with its premier customers and driving new enterprise client engagement. Labry was previously president of First Data North America, a market that grew to contribute more than 85 percent of the company’s consolidated revenue under his leadership from 2010 through 2012. First Data’s U.S. operations deliver products and services to financial institutions and bank alliance partners, merchants and commercial customers, providing virtually all services in the payment continuum, from payment card issuing to acquiring transactions at the point of sale for processing and settlement. Previously Labry served as president of the company’s Retail and Alliance Services division.

AIRTAG Facilitates Magento E-Commerce mWallets

AIRTAG Mobile Shopping Solutions announced AIRSHOP advanced ordering & payment solution has been fully integrated with Magento; the eBay owned open source e-commerce platform used by more than 150,000 retailers. This integration enables retailers currently using Magento for their e-commerce sites to easily transition to mobile commerce and offer consumers a multi-channel experience that includes mobile, web, and tablet applications. Forrester Research predicts that by 2017, half of all mobile internet users will be mobile retail buyers, meaning that retailers must start to develop a mobilized and multi-channel strategy. This offers a full retailer wallet for advanced ordering and payments with both in-store and delivery pick-up options and multiple payment scheme support, including PayPal, 1 Click, and Credit Card with integrated targeted marketing through mobile loyalty, geolocated couponing, geofencing, push notifications, location based marketing and product recommendations.

NCR Posts Revenue Up 13% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR Corporation posted 1Q/13 revenue of $1.41 billion, up 13% from 1Q/12. NCR’s Financial Services segment generated first quarter revenue of $714 million, an increase of 3% from the first quarter of 2012, thanks to growth in Europe and Asia Middle East Africa (AMEA). Operating income for Financial Services was $57…

Western 1Q/13 Revenues Down 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 1Q/13 revenues down 5%, driven by the Consumer-to-Consumer (C2C) segment and its impact on pricing investments and compliance related changes. C2C revenues declined 7%, including a negative 2% impact from the Vigo and Orlandi Valuta brands and a negative 1% impact from currency. Total C2C transactions decreased 2%,…

First Data Signs VSoft Reseller Agreement

First Data electronic commerce and payment processing and VSoft Corporation have signed a reseller agreement, under which VSoft will sell First Data debit processing services and Star ATM and POS access to its clients. VSoft offers core and payment processing solutions for more than 2,200 banks, credit unions and savings institutions. This latest agreement will provide VSoft client financial institutions STAR Network access as well as end-to-end debit card processing services. First Data’s multi-layered online tools can help them manage their debit card programs more efficiently. The solution also provides processing options to control transaction authentication and authorization, including real-time balance verification. VSoft also has agreed to endorse First Data Online Banking – which includes personal financial manager (PFM), mobile and online bill pay services – to its clients, and will fully integrate the solution into its core banking platform, CoreSoft.

Fiserv Research Shows mPayment Bills Showing Sharp Increase

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv announced the number of mobile bill payment transactions processed through its biller direct solutions and MyCheckFree website tripled in the past 24 months, bringing the number of bill payment transactions from 4% to 15%. The “MyCheckFree” solution allows consumers to receive and pay bills from multiple companies at a single…

Heartland Deploys Ingenico EMV Software

Ingenico and Heartland Payment partnered on the development of E3 and EMV-capable attended terminals for rollout to Heartland’s relationship managers. Heartland selected Ingenico’s innovative Telium2 software technology, and will call on Ingenico’s global EMV expertise to help deliver its new flagship terminals and PIN pads. The processor will begin offering and deploying the new terminal to merchants across the country starting in the fourth quarter of 2013. Heartland will integrate its best-in-class E3 End-To-End Encryption solution into Ingenico’s EMV-ready terminals and PIN pads to fortify payment data protection and security for magnetic stripe and EMV transactions. Both EMV and E3 solutions are powerful card authentication and data protection tools when used individually, but when combined with a Telium2-powered terminal, they offer merchants the highest level of payment card security and risk mitigation.

Consumer Confidence Show Continued Minimal Change

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The April Discover U.S. Spending Monitor was up .25% a point to 93.7, demonstrating continued stagnation in consumer confidence in the economy and their personal finances. Those rating the economy as good or excellent was around 18% while those rating the economy as poor was down one point to 46%, but…

Fiserv Appoints Former Blackberry Exec Mobile GM

Fiserv announced that Jim Tobin has joined the company as senior vice president and general manager, Mobile Solutions, Digital Channels. Tobin will be responsible for the strategic direction and day-to-day oversight of the market-leading Mobiliti™ mobile banking and payments solution from Fiserv. Mobiliti currently supports mobile banking, alerting and payments services for more than 1,000 financial institutions and millions of consumers in North America, Asia, the Pacific, the Middle East and Europe. Tobin was most recently Senior Vice President of Software and Services at Blackberry, formerly Research in Motion, where his responsibilities included work on mobile payments initiatives in collaboration with banks and telecommunications companies around the world. He also contributed significantly to Canada’s 2010-11 Task Force for the National Payments Systems Review. He holds an MBA from Harvard Business School, and a bachelor’s degree from Yale College.

USA Technologies ReIntros B2B and B2C mPOS

USA Technologies cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries is showcasing ePort MobileTM”an extension of USAT’s flagship ePort Connect® service”at the 2013 ETA Annual Meeting & Expo, at the New Orleans Convention Center in New Orleans. ePort Mobile is a mobile acceptance solution for credit and debit cards that is supported by USAT’s ePort Connect® service, a comprehensive platform designed to make accepting credit, debit and other forms of cashless payment easy and scalable. USAT’s ePort Connect service is a turnkey service that includes everything from payments processing and customer support to additional services such as prepaid, loyalty and mobile marketing apps. At the ETA Show, USAT will be introducing ePort Mobile, in conjunction with its ePort Connect service, to potential ISO and distribution partners.

EFT Source Wins U.S. Patent on Instant Issuance Process

EFT Source turnkey card programs and personalization services for ATM and debit cards for financial institutions, announced that its instant issuance solution Card@Once received a patent from the United States Patent and Trademark Office, declaring its Payment Card Industry Data Security Standard (PCI DSS) compliant process as unique to the industry. Instant issuance technology allows financial institutions to instantly deliver financial transaction cards, reducing the delivery time from days to minutes. Card@Once’s patented branch card printer network eliminates the need for financial institutions to develop full infrastructure to support the printing of personalized payment cards. The Card@Once network is monitored 24/7 by EFT Source’s technical team to ensure any network issues are identified and eliminated immediately; thus removing unexpected technical delays for the institution.

Cardis wins Contactless & Mobile Award

Cardis International has won the Competitive Advantage category at the Contactless & Mobile Awards 2013, wich recognizes Cardis for its aggregation technology that reduces the cost of handling everyday payments. Increasingly consumers are keen to use their contactless cards and NFC-enabled smartphones to make small purchases, opening up vast opportunities from cash replacement and efficiencies. Cardis is currently active in a number of European markets around the adoption of its solution for contactless and/or mobile payments within existing card scheme products. It is also working on a range of opportunities in the US where chip migration and innovative mobile payment environments require particularly flexible solutions.