Sage Payment Solutions has acquired a small portfolio of merchant customers processing on third-party platforms from Heartland Payment Systems payment processor for undisclosed terms. This is Sage Payment Solutions’ fifth acquisition in the last 12 months, which is focused on strategic growth with such strategy through targeted portfolios in the automotive, lodging and hospitality markets.
Merchant Warehouse credit card processing was presented with a Stevie Award for Sales Lead Management System of the Year in the fifth annual Stevie Awards for Sales & Customer Service. This includes developing its own home-grown system and process to route and track leads from clicks to calls to closed sales. Subsequently, the company is now writing around 600 more deals a month, has significantly lowered the marketing spend and overall sales close rate has increased 15.
Synovus President and CEO will present at the 2011 Citi Financial Services Conference on Thursday, March 10 in New York. GA-based Synovus is a financial services company with more than $30 billion in assets. Its bank divisions provide commercial and retail banking, investment and mortgage services to customers in Georgia, Alabama, South Carolina, Florida and Tennessee.
The Girl Scouts of North East Ohio (GSNEO) will be ringing up cookie sales by accepting credit cards on their mobile phones with GoPayment, a mobile payment app for processing credit cards. Intuit has equipped the Girl Scouts of North East Ohio with its “GoPayment” mobile payment app, including a free Intuit credit card reader, and reduced pricing on transaction fees. GoPayment provides them with an easy and affordable way to process credit card payments on their mobile devices while protecting sensitive credit card information with industry-leading data encryption.
Paydiant mobile payments closed a $7.6M round of funding led by North Bridge Venture Partners and General Catalyst Partners to accelerate product development, sales and marketing. To formerly launch later this year, the Company’s partnership with North Bridge and General Catalyst will help it excel in the mobile and payment technologies arenas. Paydiant focuses on helping merchants, financial institutions and other participants in the payments value chain help customers make everyday payments with their mobile phones.
PayPal has announced its expansion with its new customer service and operations center in Chandler, Ariz. It will employ up to 2,000 new employees – which will help to support PayPal customers around the world. PayPal is continuing to hire customer service representatives and operations specialists in Chandler. Management, training and technical resource positions are also available. Qualified applicants can apply online for positions at www.ebaycareers.com. Additional new customer service, operations and development centers are located around the world including Dublin, Ireland; Kuala Lumpur, Malaysia; near Omaha, Neb; Austin, Tx.; Scottsdale, Ariz.; Chennai, India; Singapore; Tel Aviv, Israel and Hunt Valley (Baltimore), Maryland.
The “Upromise” solution by Sallie Mae have saved members over $600 million in cash for college from their everyday spending, which covers a four-year college education for 20,000 students. Free to join and giving members cash savings of 1-25% at thousands of participating merchants when they shop online, book travel, dine out at local restaurants or buy gas or groceries, “Upromise” offers savings search and its “World” MasterCard credit card from Bank of America. This gives users an additional 2% back on eligible online purchases at more than 700 participating online retailers that can be directed towards education expenses. This is in addition to the 1-25 percent members earn from online retailers by shopping at Upromise.com and on top of the 1 percent that cardholders earn for all other purchases made with the Upromise credit card.
“Meaningful use” of electronic health records has become a top priority in the U.S. healthcare system; healthcare providers that achieve it will qualify to receive federal incentives. The Smart Card Alliance addresses what the criteria are for meaningful use and how it can be attained in its latest white paper; “Getting to Meaningful Use and Beyond: How Smart Card Technology Can Support Meaningful Use of Electronic Health Records.” The paper describes how smart card technology and smart card-based systems can aid in meeting the requirements set forth for meaningful use of electronic health records in the Health Information Technology for Economic and Clinical Health (HITECH) Act, while addressing many of the security and privacy challenges that come with electronic health records and health data exchange. It is available for free download at: http://www.smartcardalliance.org/pages/publications-getting-to-meaningful-use-and-beyond.
Heartland Payment Systems, one of the nation’s largest payments processors, announced its President and Chief Financial Officer will be presenting at Baird’s 2011 Business Solutions Conference on Thursday, February 24 in Boston, MA. As the fifth largest payments processor in the United States, discussions will focus on Heartland’s credit/debit/prepaid card processing, gift marketing and loyalty programs, payroll, check management and related business solutions to more than 250,000 business locations nationwide.
Having recently informed merchants of a revised pricing structure, in complete compliance with the Code, Moneris introduced an interchange differential fee to better align a merchant’s cost of processing payments with the types of cards they accept. According to Moneris, the introduction of premium cards has increased pricing complexity in the Canadian market place and as such processing costs for merchants may trend higher because premium cards attract a higher interchange rate, as set by the payment networks, such as Visa and MasterCard. This pricing structure is not proprietary to Moneris and is currently used, in Canada, by Chase Paymentech and, most recently, TD Merchant Services.
Wincor Nixdorf’s United Kingdom office has licensed several of Lexcel Solutions’ software and services for the payment technology applications. This will let the Company more effectively test and manage processing in its hosted transaction processing center. Wincor Nixdorf is a World-leading provider of innovative IT solutions to the retail and retail banking industries. These include the implementation of Lexcel’s “TestSystem” Network, a technology platform providing a complete solution for testing transaction authorizations against regional and global networks, and “TestSystem” POS, software that speeds the process of application development and allows acquiring systems to be exercised without the need for additional hardware.
Connecthings has made available the nfctagstore.com as venue for retail customers to personalize tags. Customers can customize their NFC tag with pictures and its content. The nfctagstore.com provides an easy, economic and creative way to keep in touch and offers tags available on adhesive layer from EUR4. Moreover, the Connecthings’ “AdTag” unified platform designed manages 2D Codes and NFC tags, enabling a full follow-up, service personalization and statistic access, acts as the foundation of nfctagstore.com