CFSI Presents The 7th Annual Underbanked Financial Services Forum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Co-sponsored by the Center for Financial Services Innovation and SourceMedia, the Underbanked Financial Services Forum is a national event focused squarely on fostering a cross-sector audience for critical learning and dialogue to create the conditions for innovation around serving the financially underserved. We expect more than 600 participants representing banks, credit…

Bluepoint Partners Operation School Bell on School Supplies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bluepoint Solutions announced it is partnering with the Las Vegas chapter of the national Assistance League to support the needs of Operation School Bell, a volunteer-based program that provides children in need with new school clothing, jackets, shoes, backpacks and school supplies. The program is designed to assist students from kindergarten…

Mi-Pay Launches Facebook Payment App

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mi-Pay, a PCI certified leader in the mobile payment solutions market, has launched a Facebook Application that allows customers top-up up their mobile pre-paid phone accounts directly from Facebook. This initiative is one of a range of secure payment mechanisms that customers of Mi-Pay can access. Facebook gives mobile operators a…

Planet Payment acquires Branded Payment Solutions POS

Planet Payment international payment processing and multi-currency processing services completed the purchase of Branded Payment Solutions payments company for EUR3.1 million. This expands the scope of Planet Payment’s global technology solutions, which currently interfaces to the merchant’s POS through its proprietary, currency-neutral, payment processing technology platform. Now it can provide applications alongside and communicate with existing point of sale applications. BPS was originally established in 2008 to create a back-end transaction processing and management platform, based on software acquired from Payzone where Rory Meehan was the CIO. BPS has enhanced the technology to provide for the delivery of value-added services and content (such as mobile top-up, bill-pay, vouchers, and support of open and closed loop card programs) capable of being distributed via a wide array of POS devices, kiosks, terminals and mobile devices.

Gemalto Supports “la Caixa” Contactless EMV Deployment

Gemalto digital security announced “la Caixa” retail banks is deploying its “Optelio” contactless EMV cards for the country’s first large scale deployment of contactless payment. Gemalto is providing full set of personalization and production services at Gemalto’s local facility to support “la Caixa’s” strategy to roll out one million contactless cards in Barcelona by the end of 2012. This allows customers to experience the speed and convenience of contactless transactions – waving or tapping the card at the reader – for small purchases up to €20, while a PIN code will also be used to authorize higher value transactions.

OTI 1Q/12 Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless technology for secure identification, payment and transaction processing technologies on secure ID, NFC, payment and loyalty applications posted 1Q/12 revenue up 5% to $12.6 million from the year ago figure of $12.0 million. Additional disclosures indicate operating cash flow up $0.5 million from ($0.8) million in 1Q/11;…

USA Technologies Provides Additional Insight on Dissident Shareholder

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control…

Western Union Partners Redstone FCU

Western Union global payments and Right Choice Money Services, a wholly owned subsidiary of Redstone FCU, announced an agreement for Right Choice Money Services to offer its customers Western Union global money transfer and online money transfer services. Right Choice Money Services customers can now send and receive domestic or international money transfers with funds accessible for pay out at more than 500,000 Western Union Agent locations in more than 200 countries and territories.

Austin Telco FCU Joins Star Network

Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.

Merchant Link Names VP, Product Management

Merchant Link payment gateway and data security solutions has named Geoffrey Krieg VP, product management. Having joined Merchant Link in 2003 as the Director of Service Delivery, Krieg returns to the company after spending four years abroad consulting with European e-commerce merchants. He brings over 20 years’ experience in the payments sector after having begun his career with the Bank of Boulder, as Division Officer responsible for growing the bank’s ISO program, and time with Visa International and CIAN Systems.

BillingTree Appoints New President & CEO

BillingTree on-demand payment processor announced David Roberts has been appointed its President and CEO while Scott McCollum will continue as BillingTree’s Chairman of the Board. Roberts will focus on the next stage of growth. Previously he was a Managing Director with Bank of America Merrill Lynch where he led the Equity Plan Services business and President and CEO of Equity Methods, a provider of software and services.