Evertec has inked a deal with to purchase 65% of the share capital of Processa S.A.S., a Colombian company that is based in Bogotá and engaged in the business of payment processing and supply of related services and equipment in Colombia.
GTCR is unloading NYC-based Fundtech to Canada’s D+H for US$1.25 billion. Among its many diverse global banking services and products, Fundtech offers merchant services such as credit card gateways and mobile banking.
Red Hat and UAE Exchange, a leading foreign exchange and money transfer brand, has successfully created a scalable, secure, robust and high-performance datacenter environment by consolidating its IT infrastructure on Red Hat Enterprise Linux.
Sweden’s SEQR has forged a deal with MD-based FMS Solutions to offer retail grocery and independent supermarket clients a means for their customers to pay by smartphone.
Denmark-based The Nets Group has selected Paris-based Lusis Payments’ TANGO solution its ATMs. Nets is the largest switch processor in the Nordic region with more than 33 million cards and processes more than 1.3 billion domestic debit card transactions in Norway.
EVERTEC announced Ms. Olga Botero will be joining the Company’s Board of Directors as an independent director and member of the Board of Director’s Nominating and Corporate Governance Committee. Botero brings to the role more than 20 years of experience in IT leadership roles in the financial service, telecom and technology sectors both in Colombia and abroad. She has board experience and strong institutional ties to the software, distribution/retail and financial services communities in Colombia.
Transaction processing specialist Ecentric Payment Systems is boosting the performance and security of transactions by implementing hardware encryption devices supplied by Stanchion Payment Systems.The Futurex devices are unseen to the general public, yet perform an essential function every time a credit, debit or other card is used: they make sure the information exchanged between point of sale, bank and customer account is completely secure. Ecentric Payment Systems is a transaction processing business which processes all card transactions and other payments.
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.
Groupement des Cartes Bancaires CB is currently evaluating the use of biometry in payment transactions and is expected to approve a strong authentication standard, defined by Natural Security for use in the CB system. The objective of the authentication method defined by the Natural Security Alliance is to simplify and secure payments. The cardholder simply has to place his or her finger on a biometric reader in store or at an ATM to validate a payment or cash withdrawal. The first CB approval will involve the association of biometry and a chip integrated into a keyfob. Integration of the chip into a micro-SD card of a mobile phone is also being studied. Highly convenient, the user keeps the keyfob or telephone on his or her person, for example in a pocket or handbag, without needing to present it physically to pay or withdraw cash.
EVERTEC announced it that will be presenting at the J.P. Morgan 42nd Annual Global Technology, Media and Telecom Conference to be held at The Westin Copley Place. EVERTEC full-service transaction processing business offers a broad range of merchant acquiring, payment processing and business solutions services. EVERTEC serves 19 countries in the region from its base in Puerto Rico and manages a system of electronic payment networks that process more than 2.1 billion transactions annually, and offers a comprehensive suite of services for core bank processing, cash processing and technology outsourcing.
Spindle announced the availability of Yowza!! POS cloud-based, comprehensive POS and retail management platform.The new solution is a component of Yowza!! Merchant, a suite of tools that allow merchants to conduct and manage a full range of business functions, including inventory management, order processing, workforce management, payment functionalities, marketing and other core business operations from an iOS and Android device. Yowza!! POS serves as a cloud-based central management console for small, medium, and larger merchants, giving them instant visibility into a number of mission-critical operations, including inventory across multiple locations, scheduling, and accounting functions. Yowza!! POS is latest offering from Spindle’s line of advanced mobile commerce solutions, which includes mobile marketing solutions for merchants and consumers, as well as advanced and secure mobile payment processing capabilities.
ScanSource® POS & Barcode is pleased to announce that it has expanded its relationship with Motorola Solutions. Through this expanded relationship, ScanSource POS and Barcode will now offer Motorola Solutions’ Industrial Mobile Computing (IMC) products (formerly known as Psion). By offering these products, ScanSource resellers will have access to Motorola Solutions’ complete enterprise portfolio, including mobile computing products that are designed for extreme work environments. Motorola Solutions’ IMC solutions include vehicle-mount products, non-incendive devices that safely operate in hazardous areas found in a number of applications, rugged handheld mobile computers, and enterprise handheld PDAs.