Meta Financial
CardWeb.com’s CardData database of Company Profiles features Meta Financial.
IPS m-Commerce Exec
IL-based Infinite Peripherals has ankled payment industry veteran Tom McCole to the newly created position of mobile commerce strategy director.
Onyx Payments + Net Trans
Dallas-based Onyx Payments has acquired Norway-based Net Trans Services. The combination of companies will now serve well over 200,000 hotels and 200,000 travel distributors in nearly 200 countries.
GoDaddy Facilitates Payment & Remittance
GoDaddy announced Suvidhaa, a Suvidhaa Infoserve Pvt. Ltd. (SIPL) franchise, has purchased Suvidhaa.com as a key part of its global expansion. The payment company allows customers to pay cash for necessary bills and services such as travel, utilities and entertainment at convenient locations including grocery stores, pharmacies and cyber cafes. More than 18 million customers have used Suvidhaa to pay bills at these locations often without even realizing it was Suvidhaa that made it possible. The company’s objective is to empower consumers to pay bills and manage transactions online. With its well-established market presence in India, the top-level domain Suvidhaa.com and GoDaddy’s commitment to quick and collaborative customer care is helping to facilitate the company’s international expansion. After experiencing GoDaddy’s remarkable support, customer care and efficient premium domain purchasing process, SIPL has registered 80 other domains with GoDaddy.
Onyx Payments Debuts Hospitality Services
Onyx Payments payment solutions provider for the hospitality and tourism industry will begin operating under its new trade name, formerly known as H.I.G. Capital announced it had acquired the former Pegasus Financial Services to form an independently operated business. Onyx Payments specializes in financial solutions for more than 40,000 hotels and 60,000 travel distributors worldwide. With more than 20 years’ experience in the industry, the company has provided its customers with exceptional services and proven solutions that will only be strengthened by this new identity. Onyx Payments has already begun making significant customer-impacting investments in development of new technologies, aligning with a state-of-the-art, cloud-based data center and developing world-class customer reporting tools.
OAISYS and DMG Announce Contact Centers PCI DSS White Paper
OAISYS published its “Payment Card Industry Data Security Standards (PCI-DSS) Guide for Contact Center Managers,” in conjunction with DMG Consulting LLC. It offers an overview of PCI policies governing financial transactions using credit and debit cards around the world, how it applies to contact centers and the “dos” and “don’ts” of data storage. The white paper ultimately offers an introduction to PCI-DSS; its legal force and status; and standards for protecting cardholder data.
Fiserv Donates Toys in 15 Communities
Fiserv, a leading global provider of financial services technology solutions, announced that Fiserv associates in communities across the country, are delivering toys for the holidays and giving back by volunteering and supporting organizations in their local communities and around the world. In the U.S., Fiserv is supporting the U.S. Marine Corps Toys for Tots drive in 12 cities: Brookfield, Wis., Hickory, N.C., Hillsboro, Ore., Houston, King of Prussia, Pa., Lake Mary, Fla., Lincoln, Neb., Norcross, Ga., Phoenix, Ariz., Sioux Falls, S.D., South Bend, Ind. and Wallingford, Conn. The U.S. Marine Corps Toys for Tots is a national, nonprofit program that collects new, unwrapped toys and distributes these toys as Christmas gifts to underprivileged children in the community in which the campaign is conducted.
Apple FCU Extends PSCU Credit Card Servicing Agreement
Apple Federal Credit Union signed a contract extension for credit card servicing from PSCU Financial Services through 2014. The credit union has $1.4 billion in assets, 120,000 members and has been a member of the CUSO since 1987. The credit union’s portfolio of 24,000 accounts represents $60 million in outstandings. It is leveraging “AdvisorsPlus” experts to design promotional campaigns and has placed responsibility for the credit card program with one management team member. PSCU Financial Services serves more than 1,500 financial institutions, representing 16 million credit, debit, prepaid, electronic banking and online bill payment accounts.
PSCU Financial Services Deploys EMV Chip/PIN Plastics
PSCU Financial Services is one of the first in the credit union industry to offer plastics that incorporate both EMV chip and PIN technology. The CUSO worked closely with Andrews Federal Credit Union to launch the new card, which is now available to all PSCU Financial Services’ member-owners. EMV integrated circuit cards are widely used in Europe and other regions because this technology offers higher security than magnetic stripe. EMV cards that offer PIN approval are preferred by international travelers because they offer the convenience of use at unattended kiosks and ATMs.
But Not So Fast…
The Department of Justice announced in order for VeriFone Systems to complete its acquisition of Hypercom, it must divest Hypercom’s United States POS terminals business to an entity sponsored by Gores Group. The department said that the divestiture should eliminate the merger’s potential to harm competition in the sale of POS terminals. The department filed a lawsuit on May 12, 2011, in United States District Court for the District of Columbia, alleging that the proposed transaction would eliminate important competition in the sale of POS terminals and that a proposed divestiture to the only other significant provider of POS terminals, Ingenico, did not remedy the competitive concerns with the merger. VeriFone and Hypercom together control more than 60 percent of the United States market for the POS terminals used by the largest retailers. The department filed a proposed settlement, which requires the divestiture to the Gores Group that, if approved by the court, would resolve the competitive concerns of the lawsuit. To remedy the department’s competitive concerns, VeriFone and Hypercom will be required to sell Hypercom’s United States POS terminals business to Gores.
AmEx Enrolls Sixth Class in Its Academy for Emerging Nonprofits
American Express welcomed 75 emerging nonprofit leaders to the American Express Leadership Academy, which will run at both the company’s New York headquarters and at the Thunderbird School of Global Management in Glendale, Ariz. The American Express Leadership Academy is an international training program, conducted in partnership with the nonprofit Center for Creative Leadership, designed to develop the next generation of leaders in the nonprofit sector. Participants in the program are selected based on a competitive application process from national and local nonprofit partners to hear from American Express senior executives on such topics as media training, leadership training, experiential exercises, individual executive coaching, and team activities. The American Express Leadership Academy at Thunderbird in Glendale is an extension of Thunderbird’s existing Academy, a program that American Express has supported since its inception, for leaders in the social sector.
Microchip Launches Low-Cost 8-bit PIC Microcontroller
Microchip Technology microcontroller, analog and Flash-IP solutions has expanded its 8-bit segmented LCD microcontroller (MCU) family with five new devices”the PIC16LF1902/3/4/6/7 (PIC16LF190X) MCUs. The PIC16LF190X family supports many general-purpose applications and enables the implementation of LCD into low-power and cost-sensitive designs, such as security tokens, smart cards, medical devices, home appliances, key fobs or any application involving a segmented LCD. Featuring eXtreme Low Power (XLP) technology for sleep currents down to 20 nA, and a typical active current of 35 microamperes per MHz, the MCUs extend battery life, while maintaining accurate timing with a RTC and driving a segmented LCD. With the addition of XLP technology for extended battery life, and capabilities such as utilizing the integrated temperature indicator to provide crystal-accuracy compensation, low-power RTC support and low voltage-detect support utilizing the internal ADC and voltage reference, the MCUs enable low-cost LCD solutions for a multitude of portable devices.