PayPal and Braintree named the $100,000 USD grand-prize winner of its 2015 BattleHack Series. The 24-hour BattleHack World Finals took place at PayPal Headquarters in Silicon Valley and hosted 14 teams of developers from across the globe, all winners of their regional BattleHack competitions.
Revel Systems and Legends Hospitality have inked to launch Revel’s iPad Point of Sale to be deployed across its retail establishments and concession stands throughout the Indianapolis Motor Speedway (IMS).
Revel Systems announced the official opening of its IT division in Vilnius, Lithuania. Revel Systems iPad POS was founded in 2010 in San Francisco with the goal of changing the Point of Sale market.
CardWeb.com’s CardData database of Company Profiles today features Revel Systems.
Skrill digital payments has partnered with Linden Lab to integrate the Skrill Digital Wallet as a payment option for Second Life user-created virtual world. Users can buy Linden Dollars (L$) with their currency of choice at the market exchange rate. Linden Dollars are then used for transactions among users for a wide variety of user-created virtual products and services in the Second Life marketplace. Since Second Life first opened in 2003, millions of people from all over the world have participated in the vibrant virtual economy, and Linden Lab pays out tens of millions of dollars to successful Second Life content creators every year. Skrill’s Digital Wallet provides users with a secure and easy method to send and receive Linden Dollars. Skrill 1-Tap, Skrill’s recurring payment solution, allows users to enter their information only once to enable continuous payments thereafter with just one tap or click.
PayPal and Braintree announced AirHop was the grand-prize winner of its 2014 BattleHack Series. The winners received $100,000.
Christopher Augustin, a financial services technology innovator whose experience spans nearly three decades at some of the world’s top firms, has joined First Data, the global leader in payment technology and services solutions, as chief information officer (CIO). In his new role, Augustin will lead the company’s software development work, engineering processes and software and application development strategy across the company.
PrestaShop has expanded its partnership with Authorize.Net, a premier payment provider to over 400,000 small to medium sized merchants globally. This collaboration now allows PrestaShop merchants with an Authorize.Net account to process payments in multiple currencies. With Authorize.Net’s ability to process multiple currencies, PrestaShop merchants with operations in the United Kingdom, Australia, New Zealand, United States, Canada and across Europe can accept payments in local currencies. By providing its merchants with the ability to process transactions in their local currency, PrestaShop offers more choices for securely accepting payments in these new markets.
First Data appointed Christopher Foskett head of global, strategic and national accounts. He will lead the organization responsible for bringing strategic value, business partnership and new innovation to the firm’s major financial institution, retail, government and business clients. Foskett most recently was global head of sales for J.P. Morgan’s Treasury Services business and regional executive of the Treasury Services business for North America. Foskett brings a wealth of experience from his 30-year career in financial services spanning a wide range of client-facing activities across corporate and investment banking and transaction services. Global Finance magazine has cited Chris as one the select bankers featured in their ranking of “Who’s Who in Treasury and Cash.
Moneris Solutions partnered CenPOS cloud-based payment management solutions for the business-to-business market. Having integrated Moneris’ advanced payment processing function into its cloud-based omni-channel payment platform to transform the payment processing experience for businesses that sell to other businesses, CenPOS will integrate a suite of end-to-end transaction management tools that help B2B increase sales and minimize costs through a variety of innovative reporting tools and interchange management functions. CenPOS consolidates data from payments received through all business channels”face-to-face, online, mobile and electronic bill presentment and payment (EBPP)”into an enterprise data analytics platform. B2B companies can now quickly and easily manage this data and identify opportunities and threats that impact their bottom line.
Yapyzal social commerce tool for business design product share through social media sites is officially available. The service, which is initially launching on Facebook and which requires no additional coding or programming by the business, allows customers to complete a social commerce transaction securely and seamlessly with their credit or debit card, while remaining on the business’s Facebook page. Reckert explains that while the launch is on Facebook, the Yapyzal technology is designed to grow into a global brand that can be adapted to any social media application. Facebook was selected as the first social media site for launching the Yapyzal brand because it allows businesses to reach the largest concentration of potential customers on the planet, with more than one billion users. ePaymentAmerica’s one time underwriting process for social commerce activation generally takes 24-48 hours.
Shareholders of Diebold elected its board of directors at its annual meeting and declared the second-quarter cash dividend and re-elected company officers. Newly elected directors include Roberto Artavia, chairman of the board, Viva Trust, (Nassau, Bahamas and San Jose, Costa Rica) and Robert S. Prather, Jr., president and chief operating officer, Gray Television, Inc. (Atlanta, Georgia). Re-elected to the board of directors were Patrick W. Allender, retired executive vice president, chief financial officer and secretary, Danaher Corporation, Washington, D.C.; Bruce L. Byrnes, retired vice chairman of the board, Procter & Gamble, Inc., Cincinnati, Ohio Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati, Ohio; Richard L. Crandall, managing partner, Aspen Venture LLC, Aspen, Colorado; Gale S. Fitzgerald, retired president and director, TranSpend, Inc., Bernardsville, New Jersey; Rajesh K. Soin, chairman of the board and chief executive officer, Soin International LLC, Beavercreek, Ohio; Henry D.G. Wallace, executive chairman of the board, Diebold, Incorporated; and Alan J. Weber, chief executive officer, Weber Group LLC, Greenwich, Connecticut.