Visa Europe has reached critical mass for V.me by Visa acceptance in the UK. Currently, 55% of the UK’s issuance base, or 60 million cardholders plus thousands of UK’s retailers are in place to commercially rollout V.me by Visa at scale in the UK this year.
Montreal-based Pivotal Payments has inked a five-year agreement with Breeders’ Cup Limited, which administers the Breeders’ Cup World Championships, Thoroughbred racing’s premier international event.
Seamless teams with The PCMS Group to expand in the US and UK. PCMS is a key point of sales provider for top tier retailers in the US and the UK. The Seamless mobile payment solution SEQR has since the launch in Sweden in 2012, been exported to three international markets: Romania, Finland and Belgium. Through the SEQR app, the user simply scans or taps a QR-code/NFC at check-out and approves the purchase by entering a PIN code. Seamless handles more than 3.1 billion transactions annually through 525,000 active sales outlets in 30 countries.
Seamless and The PCMS Group have signed a collaborative agreement to further strengthen SEQR’s presence in the UK and the US. The agreement between PCMS and Seamless is a key component for big retailers in the UK and the US waiting to activate SEQR. PCMS is a key point of sales provider for top tier retailers so this he agreement opens up PCMS large client base on both markets. THis partnership sees payment solutions for all devices across their many sales channels.
Heartland Financial USA announced Duane E. White was elected to the company’s Board of Directors. White is a founding director and investor in Minnesota Bank & Trust, a Heartland subsidiary established in 2008 with current assets of $127 million and a partner at Aveus, a management consulting firm. In his role, Mr. White provides executive level consulting to a variety of firms, focusing on improving performance and enhancing shareholder value with a particular focus on the financial services and health care industries. Prior to joining Aveus, he served as Managing Director at Polihua Holdings LLC, a consulting firm working with companies in the financial services and healthcare industries. Through his position with Polihua Holdings, Mr. White served as a consultant to Total System Services, Inc. (“TSYS”), leading TSYS’s healthcare initiatives, eventually joining the company as President of TSYS’s healthcare division.
eBay reported that PayPal posted $602 million in net revenue, an
increase of 33% year-over-year. Net total payment volume for the quarter
was nearly $15 billion, an increase of 35% year-over-year. Global active
registered accounts increased to 62.6 million, representing 19%
year-over-year growth. At the end of the quarter PayPal had 62.6 million
active accounts, a 17% increase from one-year ago. During the second
quarter, PayPal handled 211.0 million payments, a slight 2% decrease
over the prior quarter, and up 26% from 2Q/07. PayPal’s 2Q/08
transaction revenue rate increased to 3.90% from 3.87% in the prior
quarter and 3.89% in the prior year quarter. The processing expense rate
for the second quarter was 1.18%, compared to 1.21% from the prior
quarter. PayPal’s transaction loss rate came in at 31 basis points, up 4
basis points from 1Q/08. During the second quarter PayPal signed
merchant services deals with Delta Airlines, Blockbuster.com, UK-based
Arcadia Group and William Hill. For complete details on eBay/PayPal’s
second quarter performance, visit CardData [www.carddata.com](http://www.carddata.com).
2Q/07: $11.1 billion 52.8 million
3Q/07: $11.6 billion 54.8 million
4Q/07: $14.0 billion 57.3 million
1Q/08: $14.4 billion 60.2 million
2Q/08: $14.9 billion 62.6 million
SOURCE: CardData ([www.carddata.com])
New Look and PrePay Technologies have partnered to launch the “New
Look gift card” to offer users prepaid increments of any amount from
GBP1 to GBP250. This development is in response to the recent growth
of gift card popularity just in time for the holidays. The “New Look
is available for purchase either online or in stores, is projected to
retail organization with business extension opportunities and raise brand
awareness. Furthermore, with the PrePay Technologies partnership, the
solution will provide MasterCard certification, EMV Chip/PIN Compliance
and FSA regulation.
The eGroup and PrePay Technologies have partnered to launch the “eSave”
prepaid card. To be managed using PrePaid Technologies’ “360money
platform”, the prepaid card is available through the organization’s
will provide customers with the convenience of a credit card to allow
purchases at over 9 million merchants around the world who display the
MAESTRO logo. The “eSave” card is re-loadable at 34,000 Post Office
locations across the country through either credit/debit cards or bank
LOVEFiLM & PrePay Technologies have signed agreements for the
implementation of “LOVEFiLM Gift Cards”. The cards will be available in
GBP 15 & GBP 25 increments and can be used on the company’s website
to purchase any of the 65,000 movie titles in stock. The cards are
for purchase at Gift Card malls/centers in Sainsbury’s, Gift Card
ASDA and are MasterCard certified, EMV Chip/PIN Compliant and FSA
The Arcadia Group has renewed its contract with PrePay technologies for
the production of the company’s gift cards because of their proven
performance in the market. The Arcadia Group includes retail clothing
brands such as Burton, Dorothy Perkins, Evans, Miss Selfridge, Outfit,
Topshop, Topman, & Wallis brand names and has used PrePay service since
2004. PrePay also develops gift cards for Rugby Football Union (RFU),
Ticketmaster, Comet, Laura Ashley, LOVEFiLM, Gift Days Out and Debenhams
and has issued over 10 million cards.
Capital Incentives & Motivation has launched the “Compliments Card” with the help of PrePay Technologies. The new card is a gift card created to enable employers to make incentive payments to employees or third parties. Employers have a choice of two options. The disposable “Compliments Card” for making one-off award payments and the reloadable card which is fully personalized with the name of the recipient.
PrePay Technologies was the first company in the UK to acquire an Electronic Money License to issue e-money across Europe.
Stored value card specialist, PrePay Technologies, has earned certification from MasterCard to issue “Chip & PIN.” The Company currently offers magnetic stripe cards. FSA regulated, PrePay Technologies, is the first company in the U.K. to acquire an “Electronic Money License” to issue e-money across Europe. PrePay’s current “Gift Card” & “Travel Money” card programs include Debenhams, Western Union, Comet, Topshop, Topman, Miss Selfridge, Dorothy Perkins, Outfit, Wallace, Evans, Burtons, Laura Ashley and others.