Visa gathered 25 Olympic and Paralympic hopefuls from around the world for a two-day Team Visa Summit and innovation showcase at the company’s headquarters in San Francisco. The Summit kicked-off Visa’s year-long program which supports Olympic and Paralympic global athletes as they train for the 2016 Games.
Humboldt Merchant Services is funding Operation Underground Railroad (OUR) and Vista Maria. These two world-class organizations are dedicated to the eradication of human trafficking and sex slavery.
Fintech Innovation LabLeading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York. The Lab is a 12-week mentoring program created by Accenture (ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City. This year’s entrepreneurs were chosen by chief technology officers from 15 participating financial institutions. The companies included Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit and Standard Treasury. The group has spent the last 12 weeks receiving high level mentoring, product and business development advice and exposure to senior financial industry, technology and venture capital executives. The 18 previous alumni companies have raised a total of more than $76 million in financing after participating in the program since 2010.
Oxygen8 announces the launch of Oxygen8PAY e-commerce, mobile and IVR card payment solution designed to simplify merchants’ card payment operations through a range of communication channels. Complementing and integrating with Oxygen8’s current portfolio of products, such as mobile marketing platform Evolve and its Web Page Builder tool, Oxygen8PAY provides a full service proposition to businesses looking to engage with customers across multiple channels. This offers a simplified method of paying for products without the need for costly human resource. As a PCI compliant solution, Oxygen8PAY also holds a highly robust infrastructure with established policies and processes in place to ensure optimal security. It includes a flexible and scalable cloud platform, multi-device capabilities and trusted global payments with a real-time dashboard which can be viewed on any device.
USA Technologies entered into three new exclusive agreements with existing customers during the third quarter ending June 30, 2013, adding to the exclusive agreements already entered into in Fiscal 2013. The three agreements call for exclusive use of USAT’s comprehensive ePort Connect® service and are all three years in duration. The new exclusive customers, City Vending Company, Fresh Brew Group and American Food and Vending Corporation, are all regional vending companies. As of March 31, 2013, USAT had over 4,500 customers and 196,000 connections to its ePort Connect service, increases of 59% and 32%, respectively, since the same period in the prior year.
Compass Plus electronic payment solutions and retail banking systems has completed scalability and performance tests on HP servers for their “TranzAxis” Open Development Banking Platform. A specialist, integrated platform created for the development and support of cards and payments, transaction switching, retail banking and other systems and applications in the domain linked to the automation of retail banking activities, “TranzAxis” was tested through a simulated issuing and acquiring setup that required it to drive 20,000 terminals (10,000 ATMs and 10,000 POS devices). TranzAxis also acted as an issuing system that included 10 million accounts with overdrafts and 10 million cards linked to them. The platform reached a sustained peak of 1066 transactions per second (TPS) during testing and remained stable at that high capacity.
Compass Plus global payments software provider launched its Instant Issuance solution based on TranzAxis open development banking platform. TranzAxis Instant Issuance allows financial institutions to issue EMV and magstripe cards in-branch in a matter of minutes. This encourages customer loyalty, increased card activation rates and decreased distribution costs. Compass Plus has embarked upon a project with Mühlbauer, the top manufacturer of high-end personalization equipment, in order to promote TranzAxis in the global market while enabling Mühlbauer to further expand its business into the banking sector, particularly instant card issuance.
Heartland Payment Systems payments processor will be hosting an Investor Day on October 8 at the New York Stock Exchange. Scheduled speakers include Robert Carr, Chairman and Chief Executive Officer; Robert Baldwin, Vice Chairman; Maria Rueda, Chief Financial Officer; Michael Lawler, President – Strategic Markets; David Gilbert, President – Hospitality; and Ian Drysdale, President – Network Solutions.
Compass Plus retail banking software and electronic payments systems to financial institutions released a white paper, “The Rise and Fall of a Fraudulent Transaction,” detailing the evolution of financial services and how financial institutions must deploy multiple layers of protection in order to stay ahead of the fraudsters. It shows how the financial services sector has undergone a transformation in the last 10 years with customers no longer needing to visit their bank – Internet, mobile and self-service kiosks, including ATMs, now provide access to services at all times. Compass Plus outlines the various types of fraud that are prevalent today and the numerous layers of protection that can be used to combat them.
Compass Plus retail banking software and electronic payments system is set to present its “TranzAxis” platform at FinovateFall 2012 on Sept. 12 and 13. The “TranzAxis” platform provides a full set of application development tools (builders, designers, editors, debuggers, etc.), as well as a set of specialist components that assist in implementing more diverse applications in a given domain. TranzAxis is easily scalable to benefit institutions of any size that face continuously changing business requirements and provides efficiency, flexibility, faster product deployment and cost savings.
Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, announced that Moscow, Russia-based NOMOS-BANK now offers online account opening and loan management through its NOMOS-Link Internet banking system, which is built on TranzWare Internet Banking. NOMOS-BANK has enabled three of its most popular deposit account types to be…
Heartland Payment Systems, one of the nation’s largest payments processors, announced that Robert Baldwin, President, and Maria Rueda, Chief Financial Officer, will be participating in the J.P. Morgan 40th Annual Global Technology, Media and Telecom Conference. The conference will be held at the Westin Boston Waterfront Hotel, in Boston, Massachusetts with the Company’s presentation scheduled…