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.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard posted 1Q/13 net income of $766 million, up 12% since the year ago figure, while net revenue was $1.9 billion, an 8% increase over the year ago figure. Net revenue growth was driven by a 12% increase in gross dollar volume, on a local currency basis, to $947 billion; An…
MoneyGram is once again pairing with Hispanic lifestyle expert Marlene Pratt to present creative gift ideas that bring families closer this Mother’s Day and inviting consumers to create a customizable Mother’s Day card through an app on the company’s Facebook page. MoneyGram is giving its own gift to families who want to share special memories through an interactive custom Facebook photo application available on the company’s Facebook page. Consumers can upload a picture and create a Mother’s Day themed timeline or cover photo that can be customized with decorations and a caption that can be shared via Facebook post or downloaded and shared via email or Twitter. Consumers can also take advantage of creative gift ideas from home and lifestyle expert Pratt, who bases her advice on what she learned from her own Mother’s Day gift-giving experiences.
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.
Data analytics and marketing firm Tranzlogic (www.tranzlogic.com) has partnered with Signature Card Services (www.singaturecard.com), giving the payment services provider an edge in the competitive processing marketplace. Being one of the first to beta test Tranzlogic’s proprietary technology has resulted in increased value and insight they have been able to bring to their merchants. Tranzlogic’s first-of-its-kind data analytics and marketing technology transforms a merchant’s credit card transaction data into actionable customer intelligence. By using Tranzlogic’s sophisticated tools, merchants of Signature Card Services will be able to better define and target their marketing efforts in order to find and keep their best customers.
Allied Payment Network online bill payment services will demonstrate at FinovateSpring 2013 its “Picture Pay” mobile bill payment app. The app allows financial institutions’ customers to pay bills using the camera on their mobile device. The “Picture Pay” app lets users take a picture of the bill, enter the amount and date, and the bill is paid. Picture Pay’s technology does the rest by reading the data from the bill, then syncing with the customer’s bank or credit union to process the payment. Additionally, Allied will debut a new functionality to Picture Pay – Voice PayTM – which allows users to pay bills on their mobile device simply by speaking.
Discover signed contracts with 50 merchant acquirers that will extend PayPal’s in-store acceptance to more than 2 million merchant outlets by the end of 2013. This eight months after PayPal announced its intent to create a payment option to leverage Discover’s payments infrastructure to provide PayPal’s 55+ million active domestic account holders access to millions of retail stores, restaurants, gas pumps and more. Some of the largest merchant acquirers and processors have already committed to offering PayPal, including Vantiv, WorldPay, Global Payments, First American Payments, Heartland Payment Systems and TSYS.
Justin Timberlake has teamed up with MasterCard as part of a two-year relationship focused on brand collaboration and the delivery of truly unforgettable fan experiences for MasterCard cardholders and Justin Timberlake fans worldwide. Timberlake and MasterCard are offering cardholders a priceless experience that will reflect the exclusivity, collaboration and access the partnership will provide — the MasterCard Priceless Premieres presents Justin Timberlake performance. The special event available only to MasterCard cardholders will take place at the Roseland Ballroom in New York City on May 5. Consumers registered on Priceless New York will be the first to know when tickets are available for the show. The collaboration and partnership between Timberlake and MasterCard will translate to exclusive access to co-created content, events and experiences as well as consumer engagement opportunities.
Fiserv announced that Texas Capital Bank has implemented its “PEP+ ACH” Processing Services to offer an extended processing window to its business customers, and meet the latest NACHA regulatory guidelines, without capital expenditure. PEP+ is an online solution for originating and receiving ACH electronic funds transfers. It is the leader in the industry as more than two-thirds of America’s 14 billion ACH payments annually are processed using PEP+. The new ACH Processing Services from Fiserv enabled Texas Capital Bank to lengthen its deposit cut-off time from 6:30 p.m. to 8:30 p.m. to accommodate the needs of its business customers. In addition to PEP+ and Signature, the total integrated solutions from Fiserv for Texas Capital include, Item Processing, Corillian® Business Online, Branch Source Capture™, EFT, Frontier™ Account Reconciliation and Nautilus®.
AnywhereCommerce released its Walker Chip and Signature mobile payment solution at the 2013 ETA Annual Meeting & Expo. Walker is a compact and rugged payment acceptance device that is compatible with most mobile smartphones and tablets, which enables mobile payment acceptance that is compliant with EMV rules for Chip and Signature as well as legacy magnetic stripe use. The Walker device enables merchants to accept EMV-compliant Chip and Signature payments while still continuing to support magnetic stripe payments. Walker employs patented audio jack connectivity and encryption technology to ensure secure and reliable operation in mobile POS application and can be integrated with a variety of third-party mobile payment apps.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS posted 1Q/13 revenue up 4.6% to $1.5 billion, compared to $1.4 billion in the first quarter of 2012, up 4.8% on an organic basis. Organic revenue growth, which adjusts for the impact of acquisitions and foreign currency demonstrated growth in International Solutions accelerating to 10.8%. First quarter 2013 non-GAAP results…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment processor posted an Adjusted Net Income of $19.4 million for 1Q/13, compared to the year ago Adjusted Net Income of $16.0 million. With this, Heartland posted Quarterly Net Revenue of $146.8 million, up 16.8% from the first quarter of 2012; Operating Margin on Net Revenue of 18.2% compared to…