First Data announced its Board of Directors named Ed Labry interim CEO while it conducts a selection process. For continuity and stability, Ed’s experience and knowledge of the company will maintain its position in a dynamic electronic payments industry. Bringing with him almost 30 years’ experience in the payments industry- most of that time at First Data or one of its subsidiaries- Ed will ensure the company remains customer-focused with a drive to its 2013 objectives.
TSYS announced the signing of an extension agreement with Payment Alliance International (PAI) to provide front-end payment processing solutions and support for back-end merchant accounts. PAI is a leading provider of payment processing solutions designed to maximize efficiencies and provide turnkey solutions that result in customer growth and success.
Acculynk joined the EMV Migration Forum, an industry body formed by the Smart Card Alliance to promote the timely and efficient migration to EMV-enabled cards, devices and terminals in the United States. The EMV Migration Forum has experienced tremendous growth since its formation several months ago, growing to 100 members from the entire payments industry, including global payment brands, financial institutions, merchants, processors, acquirers, regional debit networks, device manufacturers and industry associations.
Salt Technology cloud-based mobile payments platform secured $2M in financing from private investors with deep roots in the mobile, financial and payments technology sectors. This will accelerate the development and delivery of the SALT Payment Platform, SALT Personal Payment Profile, and SALT Merchant Services that enable MNOs, financial institutions and merchants to bring branded mobile wallets to market quickly, on any device, and with any payment type. The SALT Payment Platform makes it possible to provide NFC, cloud-based and remote QR code-based payment product. The company also offers Personal Payment Profile for a secure, universal payment credential with credit, debit cards and loyalty cards.
Acquirer Systems announced MasterCard Worldwide has qualified the Acquirer Systems Personalisation Validation Toolkit, Pivot, against their most recent card personalization requirements. Accurate testing and validation of both contact (EMV) and contactless and mobile MasterCard PayPass cards is vital to the global interoperability of payment cards. PIVOT is maintained against the latest network standards to help card developers, issuers and bureaux ensure that their MasterCard payment products are personalized correctly. This new update sees the addition of almost 250 new card tests as well as a fully programmable card analyzer and data validator.
Mobile payments is working closely with Microsoft to give Windows 8 developers flexible payout options for in-app payments. Fortumo was one of the first in-app payments providers to support Windows 8, launching its service just five days after the general availability of the new operating system. Fortumo will waive its commission for the first six months for all developers who integrate Fortumo’s billing software development kit (SDK) by May 31st 2013. Fortumo’s system works via mobile operator billing, wherein customers pay for digital goods via their mobile operator bill, a strong alternative to credit cards.
The NFC Forum created the “Special Interest Groups” (SIGs) that will bring together leaders from the areas of Consumer Electronics, Health Care, Payment, Retail, and Transport to collaborate on NFC solution implementation, interoperability, best practices, and future requirements. With this, the SIGs will enable the NFC Forum to take a more active role in driving NFC solutions development, deployment, and adoption. Analysts estimate that more than 100 million NFC-enabled phones were sold in 2012 and close to 300 million will be shipped in 2013. NFC Forum membership is at an all-time high, and the organization has achieved major milestones in specification development and certification. Each SIG leverages the Forum’s alliance partnerships in that area, for educating the market on use cases; gathering business requirements to drive new or modified technical work; exploring ways to speed or smooth certification of NFC-enabled devices; establishing and managing liaisons with other groups to further collaboration efforts; and creating regional programs as needed.
TransCard partnered Watch2Pay U.S., offering the MasterCard PayPass watch for contactless (NFC) payments. Watch2Pay will be marketed in the U.S. through financial institutions offering TransCard prepaid programs. If no NFC reader is available, just use your companion prepaid card, which is tied to the same account. It’s that easy and that fun.
Breadcrumb announced AirLift comprehensive overnight emergency parts replacement service and extended warranty plan for restaurants and bars that use the iPad POS system. AirLift protects businesses for a period of two years by getting them back up and running again with hassle-free part replacement for accidental damage and hardware defects. For an extra fee of approximately $100 per terminal purchased from the Breadbox store, AirLift provides a low-cost option for businesses to protect their mission-critical equipment. Breadcrumb already provides one year of free coverage on basic manufacturing defects.
TAS will now participate in the EMV Migration Forum cooperative body established by the Smart Card Alliance . The forum is focused on enabling effective, timely and successful migration from magnetic stripe to EMV. The EMV Migration Forum has been created to address issues that require broad cooperation and coordination across many constituents in the payments space, reaching 100 members from the entire payments sector. As member of the Forum TAS will have the opportunity to share our experience and know how in supporting the smooth and efficient migration to EMV in the U.S., ensuring the adoption of the innovative payments technologies that we have successfully deployed in other parts of the world.
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ScanSource announced complete financial results for its quarter ended December 31, 2012. Net sales decreased 4.5% to $747.7 million, compared with $782.7 million for the quarter ended December 31, 2011. Excluding the translation impact of foreign currencies, net sales decreased 3.1% year-over-year. Operating income decreased to $24.4 million from $32.1 million…
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In this their sixth of nine year-end weekly industry trend reports, R.K. Hammer cites the current card industry ROA, compared to prior periods. Company Founder and Chairman Bob Hammer notes, “It has been a difficult past four years since 2008, when average ROA was calculated at 4.25% pre-tax. Since then small…