USA Technologies VP a Top 2012 Communications Executive

USA Technologies’ Veronica Rosa, VP, Corporate Communications and Investor Relations, has been selected by the ranking committee of ExecRank as a “Top Communications Executive” for 2012. The rankings are the result of two years of research and feedback from evaluation committees and top Chief Communications Officers that yielded an algorithm for how to rank communications executives based on their performance in 24 key areas. Responsible for USA Technologies’ integrated communications program including public relations, media and investor relations efforts, she joined USA Technologies in February 2012 while her experience extends from Fortune 500 to small cap companies as well as “Big 4” public accounting for over 25 years in investor relations, corporate communication and finance.

Aptys Launches ACH and Wire Origination Platform

Aptys Solutions payments network provider to financial institutions launched ACH and Wire Origination solutions through their “PayLOGICS” unified payments platform. The “PayLOGICS” allows banks to offer end-to-end ACH and Wire solutions for originating, analyzing, funding, processing, sending and receiving, managing risk, and monitoring ACH and Wire transactions. The PayLOGICS system relies on an easy-to-use, template-based method for originating transactions quickly and effortlessly. Community Banks are looking for user-friendly solutions backed with unmatched customer support and most importantly products that can and will streamline their processes”the PayLOGICS platform does just that.

mFoundry and MasterCard Implement Digital Wallet

mFoundry and MasterCard partnered to make MasterPass connected wallets available to mFoundry’s nearly 900 bank customers. The integration with mFoundry’s mobile banking solutions allows millions of consumers to use any payment card or enabled device to discover enhanced shopping experiences that are as simple as a click, tap or touch – online, in-store or anywhere. mFoundry will create a digital wallet service using the MasterPass APIs to provide its customers with a MasterPass-connected wallet as part of its mobile banking platform and deliver a truly integrated mobile banking and payment solutions.

PSCU, MasterCard Team Offer Payment Option

PSCU will offer the Mastercard “MasterPass” digital payment service to the CUSO’s nearly 700 Member-Owner credit unions, allowing shoppers to more conveniently and securely perform transactions during checkout. The “MasterPass” provides online shoppers a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. PSCU’s future implementation phases of MasterPass may allow consumers to go beyond plastic and use an enabled device for in-store purchase transactions. Lake Trust Credit Union (Lansing, MI) has joined PSCU as a participant in testing the new digital solution.

MasterCard Deploys New Digital Payment Platform

MasterCard launched its “MasterPass” ‘future of digital payments,’ offering consumers a digital service to use any payment card or enabled device to discover enhanced shopping experiences. An expansion of “PayPass Wallet Services,” “MasterPass was announced Spring of 2012 and offers checkout services to provide merchants a consistent way to accept electronic payments regardless of where the consumer may be. For in-store scenarios either at the register or in the aisle, MasterPass will support the use of NFC, QR codes, tags and mobile devices used at points of sale. It provides shoppers a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase. Consumers can securely store card information, address books and more in a secure cloud, hosted by an entity they trust.

VeriFone Securities Being Investigated

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Glancy Binkow & Goldberg announces is investigating claims on behalf of purchasers of the securities of VeriFone Systems for violations to the federal securities laws. Concerning allegations statements issued by VeriFone were false and misleading in regards to its operations and financial performance, the investigation is related to allegations Verifone failed…

SmartStream Envisions Single Back Office Solution

SmartStream Technologies launched their latest reconciliations solution developed in response to continued customer demand to cut operational costs and duplication of feeds – with the long term view of having a single platform for back office operations. This allows for better control over each entity and the ability to confidently report to all business lines. The new SmartStream offering avoids the need for multiple systems, multiple licences and the training of employees on different systems. Regulations arising from Dodd-Frank and EMIR, place new demands for regular and in some cases, daily reconciliations of these complex instruments. SmartStream’s customers can now roll-out an industry standard model for OTC Derivatives in the fastest time available today.

TSYS Inks Full-Service Processing Agreement

TSYS signed a long-term payments agreement with MLS Direct Network for undisclosed terms. Through its Merchant Services segment, TSYS will provide full-service payment processing services, in addition to chargeback processing, technical support, and risk management services. In 2012, MLS Direct processed $3.6 billion in credit card processing through its provider networks.

ONE METRIC CARD ISSUERS JUST DON’T GET RIGHT – “R&D SPEND”

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] R.K. Hammer Founder and CEO Bob Hammer commented “In over three decades in the card business, and having read an estimated 67,000 card financial statements during that period, I have seen very few card financials that displayed R&D spending as a separate line item. That’s a problem, as we see it.”…

VeriFone and MasterCard Partner, Launch POS Service

VeriFone Systems and MasterCard partnered to implement the MasterCard “MasterPass” service at the POS. As a cloud-based payment option now within VeriFone’s “GlobalBay” mPOS and “GlobalBay Clienteling” applications, “MasterPass” allows shoppers to access their MasterPass wallet accounts to pay from anywhere in the store on mobile devices on GlobalBay software. VeriFone’s “GlobalBay” mPOS application helps retailers improve the overall customer experience by enabling them to arm associates with mobile devices to scan items, apply coupons and discounts, and complete transactions from any location in the store. The GlobalBay Clienteling application helps build more personal and profitable customer relationships by enabling associates to record consumer preferences and buying habits, and leverage customer data for promotions and cross-selling.

Huntington Bank Launches Spartans Debit Card

Huntington Bank and Michigan State University Athletics launched the Spartans branded debit card, providing fans who sign up for a Huntington Bank checking account debit card to show their loyalty. The Spartans debit card bears Michigan State University’s Spartan helmet graphic and the Michigan State University athletics wordmark. The debit card can be linked to any of Huntington’s consumer checking accounts including the popular Asterisk-Free Checking®, a checking account without a monthly checking maintenance fee that offers 24-Hour Grace® to help customers avoid overdraft fees. The Spartans debit card launches as Huntington expands into the Lansing area via partnership with Meijer, creating eight in-store branches serving greater Lansing by the end of 2013.

AmEx Announces Board Member

American Express elected Samuel J. Palmisano to its board of directors. Formerly chairman, president and chief executive officer of IBM from 2003 to 2011, Palmisano was also chairman of the board from January through September 2012 and continued as senior adviser to IBM until his retirement, by which IBM achieved record financial performance, transformed itself into a globally integrated enterprise and introduced its Smarter Planet agenda. Palmisano is a member of the board of directors of Exxon Mobil Corporation and a graduate of The Johns Hopkins University. He holds an Honorary Degree of Doctor of Humane Letters from Johns Hopkins University in 2012 and from Rensselaer Polytechnic Institute in 2005. In 2006, he was awarded an Honorary Fellowship from the London Business School. He is also an elected member of the American Academy of Arts and Sciences and served as co-chair of the Council on Competitiveness’s National Innovation Initiative.