ScanSource Posts 2Q/12 Fiscal Results

[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…

MasterCard qualifies Acquirer Systems Card Personalization

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Worldwide has qualified the Acquirer Systems’ “Pivot” Personalisation Validation Toolkit for their “Version 5.5” card personalization requirements. PIVOT is maintained against the latest network standards to help card developers, issuers and bureaux ensure that their MasterCard payment products are personalized correctly for EMV and contactless and mobile MasterCard PayPass cards…

Saks Fifth Avenue Launches New Card

Saks Fifth Avenue announced enhancements to its SaksFirst loyalty program. With this, Saks cardholders will be granted automatic and free membership in SaksFirst, with no minimum spending requirement, will earn points toward a SaksFirst Gift Card with their very first purchase while ‘SaksFirst’ will be expanded to include purchases made at the Company’s Saks Fifth Avenue OFF 5TH outlet stores. Also, ‘All Saks’ cardholders will now receive free shipping from Saks stores and granted access to even more special events and private benefits. To celebrate and kick off the launch of the enhanced SaksFirst program, Saks Fifth Avenue’s New York City flagship store will offer “5 Days of Firsts,” January 28 through February 1. From 1/28-2/1, all customers who sign up for a NEW SaksFirst card will receive a $25 gift card, on 1/28, the first 500 customers who show their Saks card will receive a $100 gift card and on 1/29, all customers who claim the offer on Facebook at Saks will receive a free yogurt on the 5th floor in SnAKS.

Broadway Bank expands Fiserv deal

Fiserv announced that Broadway Bank extended and expanded its relationship, which chose an integrated technology suite consisting of solutions for payments, processing services, risk and compliance, business intelligence and customer and channel management. In addition to Signature, which offers a complete end-to-end solution for account processing, the Fiserv suite for Broadway Bank includes ATM and Credit Processing, the ACCEL/Exchange(R) Network, InformEnt(R), EnAct(TM), Nautilus(R), Aperio(TM), PEP+(R), Financial Crime Risk Management, Mobile Source Capture(TM), Branch Source Capture(TM), Decision Optimization Solutions and Bank Intelligence, as well as solutions for risk and compliance and item processing. The bank also utilizes Sageworks(R) for loan portfolio and credit risk management via a technology partnership with Fiserv.

DoubleBeam Completes m-payment IBM Integration

DoubleBeam completed its cloud-based mobile payment solution integration with the IBM ACE POS System. Offering mobile solutions to help retailers improve their customer experience, this integration will help supermarkets and other chain retailers to increase their marketing ROI through personalized promotions; to create a highly engaged shopping experience for today’s tech-savvy shopper; to reduce their customer’s time at checkout; to save dramatically compared to traditional credit and debit transactions through mobile-based eChecking.

Consumer Bill Payment Correlate with Internet Usage, mPayment Growing

Fiserv research shows consumers pay their bills in multiple ways each month while mobile bill payments are on the rise, while there is a correlation between how consumers pay bills and their use of the Internet. American consumers use multiple channels to pay various bills, such as online payments at bank and company (biller) sites, paper checks sent via mail, walk-in payments made in person, phone payments and mobile payments made via apps or mobile web browsers. Eight percent of online households – representing 8 million total households – paid at least one monthly bill this way, up from 6 percent in 2011. In addition, 3 percent of infrequent and non-Internet users – representing 720,000 total households – are using mobile bill payment. Additional findings show only 7% of online households said that trouble keeping track of a bill caused a late payment.

First Data & Go Daddy Launch Payment Solutions

First Data and Go Daddy Web hosting announced their partnership “Go Daddy Payment Solutions” application, designed to better serve the electronic payment needs of small businesses. The “Go Daddy Payment Solutions” will process eCommerce transactions online, giving customers a full-blown Web presence, complete with a website, shopping cart and online payment acceptance. Small merchants are embracing technology to stay ahead, with nearly half of all small merchants believe adopting new payment and marketing technologies are important to stay competitive.

BOKU & U.S. Cellular Forge mPayments Partnership

BOKU online mobile payments partnered U.S. Cellular to maximize the adoption of direct-to-bill mobile operator billing as a payment option. Online merchants will generate incremental revenue from consumers who find mobile the easiest way to pay online, and attract new consumers who previously were unable or chose not to pay via other payment options, such as credit and debit accounts. When making purchases from their favorite online merchants, consumers will benefit from a convenient and secure payment experience that is accessible to all U.S. Cellular subscribers. Consumers gain a user authentication process that delivers better conversion for merchants, timely notification of billing errors impacting purchase and continuous pricing.

Conference Board Economic Index Jumps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.5% in December to 93.9 after no change in November and a 0.3% increase in October. This sharp increase was thanks to large improvement in initial claims for unemployment insurance and positive contributions from the interest rate spread and…

2Checkout Announces Growth Investor Partnership

2Checkout online payment processor for ecommerce global businesses partnered Chicago Growth Partners (“CGP”) and Trident Capital for investment to achieve ‘aggressive’ growth in the coming years. 2Checkout makes it easy for online Sellers to sell their goods and services to buyers all over the world. By providing a dynamic checkout experience that automatically adjusts to the buyer’s device and allowing for a customized, branded experience, 2Checkout helps Sellers sell more by creating a seamless, intuitive and comfortable online buying experience.

MoneyGram Partners IACC, Protects Consumers

MoneyGram and the International AntiCounterfeiting Coalition announced an agreement by which MoneyGram will participate in the IACC Payment Processor Portal Program. Designed to prevent disreputable merchants from selling counterfeit goods, the program disables certain payment processing channels to these merchants. The IACC portal program also provides a system for intellectual property rights-holders, such as manufacturers of luxury goods, electronics, and consumer products, to report the illegal sale of counterfeit items. Once a claim is verified by the IACC, a third-party monitoring agent alerts affected payment processors, such as credit card and money transfer companies, to ensure the illegal merchant no longer accepts payments through these channels.