GPN Heartland Merger Expense Synergies Pays-Off Big Time in Fourth Quarter

Atlanta-based Global Payments (GPN) reported fourth calendar quarter (4Q/16) [fiscal second quarter ending 11/30/16] gross revenues grew 30.4% year-on-year (YOY), while net income declined 37.2% YOY. Revenues for North America increased 16.1% YOY. GPN says the particularly strong performance was driven by the integrated payments businesses, OpenEdge and Ezidebit, and from its software led solutions…

Wix Integrates with Square for mPay and ePay POS Options and Online Management

Wix, a major cloud-based web development platform with more than 97 million registered users worldwide, is integrating with Square to give Wix merchants and entrepreneurs in North America a new way to accept online and in-person credit card payments. Wix’s Square integration improves payment processing and allows both online and in-person payments, via mobile device…

Processors AMS & BSR Ink Financing Deal as BSR Accelerates from ISO to FSP

Applied Merchant Systems (AMS) has expanded its senior credit facility with Goldman Sachs and Business Development Corporation of America through a Strategic Transaction with Blue Square Resolutions. Blue Square’s founder, Sabin Burrell, has become a significant shareholder; while also continuing to serve as CEO of BlueSquare. AMS now has 17,500 merchant accounts that contribute over…

RBI Upgrades Star Global’s FFMC License to Add 17 New Money Services

Wirecard’s Star Global Currency Exchange received an upgrade of its license issued by Reserve Bank of India to Authorized Dealer in Foreign Exchange (Category II). The earlier license was a Full Fledged Money Changers (FFMC) Licensee with limited authority to deal only in buying and selling foreign currencies, traveller cheques and prepaid cards for travel…

First Data’s Clover Go Reader Among Top Innovative Products of 2016

Among this year biggest payments innovations and product introductions is First Data’s new Clover Go “All-In-One” reader. It is the first fully integrated payment card reader that accepts payments via card swipes, EMV and NFC transactions (including Apple Pay, Android Pay & Samsung Pay) all through a single device.   Beyond its convenient all-in-one functionality,…

Casando Picks Wirecard for Online Payment Processing/Risk Management

Wirecard is now responsible for payment processing and risk management for Casando, Holz-Richter’s online shop. This means that Wirecard integrates a wide range of payment solutions into the Europe-wide timber merchant’s online shop: global payment processing for all common local and international payment methods, card acceptance, alternative payment methods and a comprehensive risk management facility…

Chase YTD 2016 Merchant Processing Volume Explodes Beyond $1T

Chase crossed the $1 trillion mark in year-to-date merchant processing volume, a first in the firm’s history on December 11th at 11:06 p.m. eastern time. In 2014 the firm launched ChaseNet, a proprietary closed-loop network, and Chase Pay, the firm’s digital wallet, launched in November 2016. Merchant processing volume at the firm has grown annually…

Wirecard Hardware + Gastro-MIS Software Optimize Restaurant POS

Wirecard has teamed with food retail specialists Gastro-MIS, a company that already integrated software solutions in more than 4000 cash registers in Germany. Today, card payments are already an integral part of the food service industry. Consumers are increasingly used to carrying less cash and prefer to use more flexible alternatives in restaurants, bars and…