Fiserv Enhances Post-Trade Processing Functionality

Fiserv financial services has enhanced its TradeFlow post-trade processing, integrating several new industry standard methodologies. The integration will provide functionality to support several new asset classes and transaction types, and will bring improved ease of use and depth of functionality to users. Additionally, because of the integration, all post-trade processes will now be offered through a single solution, which can improve operational efficiency, reduce risk and increase transparency. TradeFlow now includes functionality to support Exchange-Traded Derivative (ETD) Settlements, SWIFT MT515 Confirmation, FX Non-Deliverable Forwards, OTC Notifications and Repurchase and Reverse Repurchase Settlements.

InComm Acquires Giftango, Expands Market Presence

InComm prepaid product and transaction services acquired Giftango digital gifting solutions, expanding its reach into ecommerce gift card sales and distribution through high volume channels. Giftango entered digital gifting by providing turnkey solutions to help merchants sell gift cards from their websites. After identifying needs in the fulfillment, customer service and management of gift cards between leading merchants and their largest gift card purchasing partners, Giftango created solutions specifically designed to streamline these processes. More than 150 brands currently deliver digital gift cards through Giftango’s network of more than 80 partners.

Bluefin Payment Partners VOKAL on mPOS

Bluefin Payment Systems secure, electronic payment services implemented VOKAL Interactive for the deployment of its gateway on the iPhone and the iPad. VOKAL will also serve as a referring partner, presenting Bluefin’s secure payment gateway to their current clients. Bluefin Payment Systems works with integrated software vendors (ISVs) and software as a service (SaaS) companies in a variety of industries to integrate their payment gateway into the software platforms, or offerings, creating an all-in-one solution for vendors’ clients. Bluefin’s gateway is currently accessible via POS devices, virtual terminal, MOTO and through E-commerce, and offering a mobile application will help round out the company’s product suite.

Euronet Worldwide buys Pure Commerce

Euronet Worldwide global electronic payments provider and distributor acquired Pure Commerce cloud-based financial and payment solutions to banks, acquirers and global retailers around the world. Pure Commerce provides a range of currency conversion payment and multi-currency acquiring services for point-of-sale terminals, online applications and ATMs in high foreign card volume locations primarily across Asia Pacific and Europe. This acquisition allows Euronet to offer industry leading currency conversion and multi-currency acquiring products to global, local and online merchant acquirers, banks and retailers, and also extends Euronet’s operating markets. Pure Commerce has developed patented, best-in-class point-of-sale processes and displays that provide consumers with more convenient, transparent transactions.

Consumers Borrow More for Holiday Shopping

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit having jumped 4.7% in October, it saw a second consecutive monthly increase in November, up 1.1% thanks in part to the busy holiday shopping season. With total credit flow up 9.8%, outstanding consumer credit has seen growth of 2% since the July figure,…

Visa Appoints Global Head of Human Resources

Visa appointed Michael Ross Global Head of Human Resources to oversee all human resources functions in the organization. He will focus on talent management, staffing, compensation and employee relations, as well as developing effective retention, diversity and performance management strategies. Ross joins Visa from HP where he was the Chief Talent and Rewards Officer after having worked in Merrill Lynch’s Human Resources Division in New York and London. He was also Managing Director of Compensation & Benefits at Morgan Stanley.

Modern Woodmen Bank Expands FIS Partnership

FIS banking and payments technology expanded its relationship with Modern Woodmen Bank, a wholly owned subsidiary of Modern Woodmen of America, a fraternal financial services organization. With FIS Virtual Back-Office, Loan Origination Studio and Internet Direct, Modern Woodmen Bank enhances online access and flexibility to its mortgage loan customers. Modern Woodmen Bank required a suite of services to provide mortgage products and services to their customers. By deploying FIS Virtual Back-Office, it effectively increases efficiencies and improves customer satisfaction more cost-effectively. Modern Woodmen Bank will also deploy FIS Loan Origination Studio for fully automated origination, processing and closing functions for residential mortgage originations.

Western Union Extends Agreement with Safeway

Western Union financial services forged renewal agreement with Safeway food and drug retailer. Under the terms of the agreement, more than 1,640 Safeway store locations across the United States and Canada will continue to offer Western Union® global money transfer services. Safeway will also introduce Western Union money order and consumer bill payment services in the U.S. in 2013.

Agilysys Partners Motion Partner on Retailers Access to mPayment

Agilysys innovative retail information technology and hospitality software solutions partnered Motion Computing rugged tablet PCs and mobility solutions to deliver comprehensive mobility solutions to retailers utilizing Windows POS systems. For this partnership, Agilysys will be responsible for developing the tablet’s software, integrating with legacy Windows applications, mobile infrastructure, staging, deployment and ongoing management, support and service.

Perry Ellis Pilots Starmount Mobile POS

Perry Ellis International piloted Starmount’s mobile POS solution at 17 Perry Ellis stores in time for the holiday shopping season, allowing Perry Ellis sales associates to provide a higher level of customer service. This is part of a chainwide rollout of Starmount Connect and Engage that will be completed in the first quarter of 2013. For this the Starmount mobile POS and mobile selling solutions will help Perry Ellis increase the level of customer engagement throughout the store, enabling associates to use mobile devices for product and price lookup, product recommendations, clienteling, and to provide access to customer loyalty information.

Radical Studios Launches Dynamics ePlate Comics Reward

In conjunction with this past week’s Dynamics release, Radical Studios launched its Radical Comics experience reward for the battery-powered Dynamics ePlate credit card device. This allows consumers to earn Radical Comics-related products with every purchase. The Radical Comics experience™ reward allows consumers to earn comic book images by making purchases with their Dynamics ePlate credit card device. As sets of images are collected, consumers can redeem the sets for items such as graphic novels, autographed lithographs, and autographed comic books once they sign up for he offering.

USA Technologies to Achieve Profitability Milestone

USA Technologies wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries announced it expects a major milestone with its fiscal 2Q/13 financial results. That’s because the Company is expecting to achieve non-GAAP net income”for the first time”for its second fiscal quarter ended December 31, 2012 (see Non-GAAP Financial Measure below for definition), following aggressive actions taken by management throughout 2012 to accelerate USAT’s “path to profitability”. Total revenues for the second quarter are expected to be in the range of $8.8 to $8.9 million, reflecting an approximate increase of 29% compared to the same period in the prior year.
Recurring revenues for the second quarter are expected to be approximately 83% of total revenues for the second quarter. Total net connections added in the second quarter, which contribute to future recurring revenues, are expected to be approximately 12,000, an increase of 71% from the same period a year ago.