International travelers spent an additional US$716.7 million on their Visa accounts while in the United Kingdom during the second week of the London 2012 Olympic Games (July 30 – August 5), bringing the total spend on Visa accounts in the United Kingdom to more than $1.4 billion. While the biggest Visa spenders still hail from the United States, Visa account holders from Russia – one of the top 15 contributors to the London 2012 Olympic Games – have increased travel spend on their Visa accounts by more than 30 percent for the second week in a row. The top 10 contributors to the overall spend throughout the United Kingdom on Visa accounts by country/territory during the second week of the Olympics include United States ($91.0 million); Japan ($47.4 million); and France ($44.5 million). The bottom three include Germany ($33.3 million); Canada ($25.3 million ); and Sweden ($23.9 million).
Realex Payments online payment gateway posted 2Q/12 revenue by 28% to EUR9.8m and transaction volumes by 44% to 70m. This is thanks to revenue in the UK market up 95% and in continental Europe by 31%. During the year Realex Payments signed up an additional 3,550 online retailers as clients, bringing its total client base to 8,360. Some significant wins during the year included signing up Paddy Power, notonthehighstreet.com, Hostel Bookers, Cocosa and 7 Day Shop. The online payment provider has scores of house hold names as clients including Aer Lingus, Virgin Atlantic, 32 Red, AA Insurance and Vodafone. In January 2012 the business announced a significant deal with HSBC Merchant Services, which sees Realex Payments provide a managed service to their UK online retailer base.
First Data and the Warsaw Transport Authority (ZTM) launched ticket machines to accept contactless payments on public transport. The contactless-enabled ticket machines have been installed on both buses and trams, accept contactless payments worth up to PLN50 (around US$15). Customers can also pay with cash at the 112 contactless-enabled ticket vending machines, installed on buses and trams, which is set to increase to 580 by the end of 2012.
Bremer Financial is set to deploy FIS’ core banking solution for its commercial services, along with FIS’ item processing, treasury and cash management, image technology, ACH, branch automation and analytics solutions. Bremer selected FIS for its ability to deliver a true end-to-end core relationship solution that solves the complex challenges facing the growing bank and supports its customer-centric focus. The comprehensive functionality of FIS’ core processing solution will enable Bremer Financial to reduce the number of third-party systems used, resulting in significant improvements in operational efficiencies. FIS delivers comprehensive core solutions that are designed to meet the strategic needs of banks of all sizes. Personalized service, competitive choices and maximum convenience are the standards that set FIS’ solutions apart and provide clients with the means to meet, and often exceed, their strategic business goals.
Agilysys marketer of proprietary enterprise software, services and solutions made available its “NextPosition 3S” next-generation mobile POS software system. Designed to work with the SAP POS application 2.3, the software extends and expands the Agilysys NextPosition MPOS functionality through integration with SAP POS via a modern, mobile user interface for the store associates. Agilysys worked closely with SAP to develop a feature-rich solution that integrates with the SAP POS and related applications for retail stores and enterprise systems without requiring additional middleware. The integration with SAP POS, leveraging the SAP Afaria® mobile device and application management solution, allows Agilysys to deliver the full functionality of a retailer’s POS system to a mobile device.
The Wells Fargo/Gallup Small Business Index declined six points to 17, which virtually erases gains experienced earlier this year. The number of business owners expecting to be in a good financial position over the next 12 months declined seven percentage points to 59% and those expecting increased revenues in the next 12 months declined by six percentage points to 43%. Despite the decline in the Index score this quarter, business owner optimism has improved significantly from the Recession low point when the Index dipped to minus 28 (-28) in 3Q/10. With the number one reason cited for not making a small business investment being concern about the overall state of the economy, small business owners planning to make capital investments over the next 12 months say they intend to make them in new equipment/machinery (64 percent) and technology, such as computers (61 percent), new software or websites (56 percent), and mobile devices (52 percent). But business owners who said they plan to make a capital investment over the next 12 months say they are planning to pay for it using business revenue/profits (93 percent); credit (39 percent); and savings (31 percent).
Harbortouch America POS Systems launched information on several new user-friendly features on their website for online access to its POS management and reporting tool known as the Lighthouse Feature and the launch of the more powerful All in One (AIO) Elite System. Harbortouch America has also added a new video narrative for its Free POS Program, walking viewers through the structure of the Free POS Program and also offers business owners the option to enter their information online to receive a full proposal.
ViVOtech completed the sale of its ViVOpay reader business to ID Tech, a manufacturer and supplier of smart card and credit card readers to PCI compliant payment solutions. ID Tech is committed to providing a smooth transition for ViVOpay’s existing customers and relationships. VIVOtech has been executing a strategy to divest its ViVOpay reader business to a qualified buyer and focus on its ViVOnfc Software business. Now the sale of the Reader business is complete, the company is focusing energy on the continued support of our customers, contracts and partners for the growth of business.
XRomb, a developer of software solutions that transform popular smartphones into interactive contactless transaction devices, has become the latest member of GlobalPlatform. The mobile contactless payment enabler joins GlobalPlatform secure chip technology apps as an Observer Member level and will have a particular focus on the work of the GlobalPlatform Mobile Task Force.
Payza, one of the largest payment platforms for e-commerce, corporate disbursement and remittances, announced that it has partnered with Intelligent ID (IID), a powerful user activity management system, which will further enhance Payza’s ability to perform real-time identity verification of its members in the United Kingdom. It is also a critical requirement to conduct anti-impersonation and anti money laundering (AML) checks to ensure Payza is engaging with the “true” individual and that the individual has not previously been exposed to sanctions or corruption. IID utilizes global sanctions, law enforcement and regulatory watch lists to screen all applicants.
With the Total outstanding revolving US consumer credit having skyrocketed 11.2% in May since the year ago figure, U.S. credit card performance continues to excel as delinquencies are hitting record lows to an 18-year record low of 1.78%-despite unemployment stagnation. Up from the April figure of $862.2 billion, outstanding revolving US consumer credit compares to…
Navy Army Community Credit Union has selected a range of Fiserv solutions to enhance its check deposit and processing services, including Branch Source Capture™, ATM Source Capture™, the Fiserv® Clearing Network and mobile capture and item processing capabilities. With ATM and Consumer Source Capture from Fiserv, members will benefit from the ability to deposit checks at the closest ATM or at home, whenever it is most convenient for them. Additionally, with the cross-channel duplicate detection capabilities available through Source Capture Solutions®, Navy Army can easily detect duplicates across all of its capture channels. Navy Army has been a Fiserv client for more than 20 years and uses Fiserv’s DataSafe® for core account processing, CheckFree RXP for online bill payment, LynxGate for ATM management and VirtuosoTM for online banking.