Planet Payment
CardWeb.com’s CardData database of Company Profiles today features Planet Payment.
Ingo Money Funding
Atlanta-based Ingo Money, pioneer of instant, guaranteed mobile check cashing, announced today that it has received additional growth capital totaling $13.5 million. The company intends to use these funds to finance its operations and fuel accelerating growth led by overwhelming demand for its mobile check cashing and risk management platform.
New Cybersecurity Partnership
The leading trade associations representing the merchant and financial services industries announced a new cybersecurity partnership. The partnership will focus on exploring paths to increased information sharing, better card security technology, and maintaining the trust of customers. Discussion regarding the partnership was initiated by the Retail Industry Leaders Association (RILA) and the Financial Services Roundtable (FSR), joined by the American Bankers Association (ABA), the American Hotel & Lodging Association (AH&LA), The Clearing House (TCH), the Consumer Bankers Association (CBA), the Food Marketing Institute (FMI), the Electronic Transactions Association (ETA), Independent Community Bankers of America (ICBA), the International Council of Shopping Centers (ICSC), the National Associations of Convenience Stores (NACS), the National Grocers Association (NGA), the National Restaurant Association (NRA), and the National Retail Federation (NRF).
Planet Payment to Delay 1H/11 Results
Planet Payment will delay its results for the six month period ended June 30. In accordance with AIM market policy, the Company has requested the AIM market of the London Stock Exchange to temporarily suspend trading in its shares until such results are issued. OTC Markets Group, Inc. has indicated that they will temporarily remove the Company from the OTCQX tier but the Company’s shares will continue to trade on the OTC Markets Pink Link system. As of October 1, 2011 the Company will be listed on the “OTC Pink No Information” tier. However as soon as the Company files its financial statements and report for the six month period ended June 30, 2011, the Company’s shares will resume trading on AIM and the Company will be restored to the OTCQX tier. This delay allows the Company to complete its examination of the matter, for which it is working diligently to finalize and issue its financial statements for this period as soon as practicable.
Metropolitan Area Unemployment Improving Across Board
Unemployment rates were lower in April than a year earlier in 297 of the 372 metropolitan areas, higher in 54 areas, and unchanged in 21 areas. Twelve areas recorded jobless rates of at least 15.0%, while 16 areas registered rates of less than 5.0%. Two hundred thirty-seven metropolitan areas reported over-the-year increases in nonfarm payroll…
CBORD Announces New POS Surveillance Solution
The CBORD Group food and nutrition management, campus and cashless card systems, and integrated security solutions to healthcare facilities and colleges and universities has introduced its CBORD “POS Video Security” cashless payment solution. The video surveillance system that makes overseeing retail POS transactions easy, allowing users to look up transactions in real time, or look up specific transactions after the fact. The system enables managers to search through transactions using different variables, then view receipt details together with a picture or video of the transaction.
Agilence POS Launches Integrated Loss Prevention
Agilence POS auditing has launched its “Hawkeye 4.0” retail loss prevention software suite. Hawkeye helps retailers quickly identify sales-reducing activities caused by operational and systemic issues, poor promotion execution, supply chain inefficiencies and associate fraud. It offers Automatic Sweetheart Detection (ASD) and the addition of Human On Transaction (HOT) technology. Using “Automatic Sweetheart Detection” (ASD) allows retailers to configure Hawkeye to run advanced queries to detect sweethearting activities â one of the most common types of employee theft that stems from unauthorized discounting of merchandise. Meanwhile, “Human On Transaction” (HOT) technology, Agilenceâs software can also detect whether a customer is present during a transaction to help retailers identify valid non-scans while also pinpointing activities such as associate refund fraud and incorrect voids.
Winn-Dixie and Excentus Launch a New Card
Winn-Dixie Stores has partnered with Excentus to launch “fuelperks!”
for customers using its “Customer Reward Card” in any of the 51
Winn-Dixie stores in the Jacksonville area. Allowing customers to earn
gas discounts at Shell-branded and other participating gas stations,
“fuelperks!” rewards every $50 in qualified purchases using the CRC at
Winn-Dixie with a 5-cent-per-gallon fuel discount redeemable at any one
of 67 participating gas stations. Customers are kept informed of their
account on the bottom of their sales receipts, including “fuelperks!
Rewards” earned for this shopping trip, total “fuelperks! Rewards”
earned to date,â expiration dates of “fuelperks! Rewards” earned and the
“fuelperks! Rewards” balance.
American Express OPEN Sponsors M3 RACE
American Express OPEN announces the kick-off of the year long “M3 Race”
competition for women entrepreneurs. âStart it, save it or grow itâ
is a mantra started by the Make Mine a Million $ Business RACE team
that is providing a platform for women to
start new businesses, offering lifelines to those businesses looking for
help, and supplying healthy businesses with resources to grow to the
next level.
The M3 RACE inspires women to challenge themselves and each other to
realize their vision for the company and reach their revenue targets.
Just like walk/run marathons, women can choose their own pace for their
2009 business revenue goal: $250,000, $500,000, or $1,000,000 or more.
The Grand Prize winner will receive a $100,000 cash prize and a year of
marketing, advertising and media opportunities. Women own more than 10
million businesses, yet only 2.6% or 242,000
report more than $1 million in revenue, with the majority generating
revenues below $50,0001. Every new business creates a minimum of one
job, addressing
a critical need in these challenging economic times. The M3 RACE is
addressing economic turmoil and joblessness head-on and empowering women
business owners to be a driving growth engine for the U.S. economy.
Camden National Bank Joins PULSE
Summary ME-based Camden National Bank has joined the PULSE ATM/debit network. PULSE is one of the nation’s leading ATM/debit networks, currently serving more than 4,500 banks, credit unions and savings institutions across the country. PULSE is owned by Discover Financial Services. The network links cardholders with more than 265,000 ATMs, as well as POS terminals at retail locations nationwide. PULSE has experienced continued growth in network participation in 2008. For the fiscal year to date (December 2007 through May 2008), the network has added more than 100 new financial institution participants.
Barclays Takes Over L.L. Bean Co-Brand
Barclays has taken over the L.L. Bean co-branded Visa credit card program from Bank of America. MBNA, acquired by BofA in 2005, introduced the “L.L. Bean Visa” in May 1996. The new Barclays program, which launches today, features free shipping, return shipping and monogramming, a choice of three card designs, plus “Visa Platinum” or “Visa Signature” benefits. Whenever cardholders earn 10 coupon dollars, a $10 L.L.Bean coupon will be sent to them automatically via their account statement. Cardholders also receive 10 “Bonus Coupon Dollars” after their first purchase, balance transfer, or use of a “Convenience Check” within the first 90 days after the account is opened. The no annual fee card offers interest rates ranging from prime +6.74% to prime +14.74%. In conjunction with the card launch Barclays has opened a customer service operation in Wilton, Maine to serve L.L.Bean cardholders as well as those from other partner programs. MBNA formerly serviced the card via its Camden, Maine center. (CF Library 5/7/96; 7/23/98; 5/21/08)
Planet Payment Acquires iPay for $1.3MM
NY-based Planet Payment has acquired the assets of iPay e-Commerce processing for $1 million, which is used by merchants to facilitate the acceptance of credit and debit cards as payment in non-face-to-face transactions, and has completed a $3 million private placing of Convertible Promissory Notes with Camden Partners private equity firm. The acquisition includes the peripheral employment of 35 professionals who operated the business, iPay tangible assets, intellectual property and licenses comprising the iPay processing business, for which Planet Payment foresees paying an additional $200,000-$300,000 on existing contracts, and maintenance of infrastructure upgrades. In return, Planet Payment projects iPay’s 20-bank, 4,000-merchant portfolio to generate a processing volume of over $1 billion and contribute approximately $7 million in net revenue.