USAT Q2/15
PA-based USA Technologies reported record total revenue of $17.6 million for Q2/15, a year-over-year increase of 57%. Also, record license and transaction fee revenue of $11.9 million, a year-over-year increase of 26%
USAT Q1/15
PA-based USA Technologies posted total revenue of $15.4 million, a year-over-year (YOY) increase of 47%. For 2015, management expects total revenue to be above $53.0 million, due to the positive impact of QuickStart on equipment revenue.
USAT Q4/14
USA Technologies reported total revenue and license fees climbed 21% year-on-year in the fourth calendar quarter. USAT also announced it executed an agreement on February 13th with an equipment leasing company to finance its QuickStart program.
USAT Q3/14
USA Technologies (USAT) reported a 31.4% increase in transaction volume for the third quarter, up 31.4% over one-year ago. Total revenue of $12.3 million, represented a year-over-year increase of 21.0%.
USAT Signs Canteen for Cashless Vending
Cashless transaction provider USA Technologies has signed a supplier
agreement with NC-based Compass Group’s Canteen Vending Services.
USA Technologies is working closely to support Compass Group and
Canteen?s franchisees to ensure a seamless and successful transition to
card acceptance. The QuickStart Program is USAT?s custom leasing program
that eliminates upfront capital
investment in the ePort cashless solution, and makes the transition to
cashless vending quicker and easier by rolling hardware and services
into one low monthly fee. Its ePort EDGE? and ePort G8 devices offer
best-in-class hardware
supported by the ePort Connect full suite of services that includes PCI
level 1 compliant payment processing, merchant services, over-the-air
updates, online reporting through USALive, and wireless DEX data
transmission. USA Technologies is a global market leader in network and
financial
services for unattended point-of-sale terminals with more than 15 years
proven experience. The company has an installed base of 50,000 ePort
terminals processing in excess of two million cashless transactions per
month through magnetic-stripe and contactless cards. Compass Group North
America is a
foodservice and support services company with more than $9 billion in
revenues.
New ClearCommerce Engine Adds More Punch
ClearCommerce has released “ClearCommerce Engine 5.5” which offers new tools to maximize fraud detection effectiveness, simplify solution integration, and strengthen security for sensitive payment data. A core component of the ClearCommerce fraud solution is “FraudShield,” a flexible rules engine that enables implementation of a customized order screening process. Other enhancements include a new user interface that allows system administrators to easily aggregate and apply master negative and positive lists to multiple stores, simplifying management of the solution for merchants with more than one online store and service providers hosting numerous merchant customers; redesigned API, standard integration templates for the leading scripting languages, and new online developers resource that includes complete documentation, sample code, and XML API tutorial to simplify the overall integration process with the company’s fraud prevention and payment processing software, and the “QuickStart” hosted service; and, support for HSM, a secure external hardware device that provides a higher level of data security and more efficient processing for encryption/decryption of sensitive credit card data. ClearCommerce software is used by 80,000 businesses worldwide.
LaGarde and ClearCommerce Team
LaGarde and ClearCommerce Corporation have partnered to provide SMB merchants with a fully certified infrastructure that ensures compliance with security requirements established by card associations. Most SMB merchants are struggling with how to bring their online operations into compliance. The majority of shopping cart and gateway services are not currently compliant, and the implementation process is often complex. LaGarde is a leading global provider of e-business solutions for the small and medium-sized business market. ClearCommerce is the leading provider of fraud prevention and payment processing solutions to merchants and service providers in the United States and Europe.
ClearCommerce Unveils Hardened Commerce
ClearCommerce has introduced “Hardened Commerce,” a fully certified infrastructure for merchant acquirers and merchants that ensures security compliance throughout the entire transaction processing chain. Hardened Commerce provides a trusted platform that includes secure Web shopping carts, data transmission and fully certified gateway service. Hardened Commerce is a comprehensive services offering for acquirers that will ensure there are no weak links in the processing of payment data. It includes storefront applications that have been certified by ClearCommerce to ensure proper use, storage and transmission of card data and the fully CISP certified payment processing service, QuickStart. ClearCommerce is the leading provider of fraud prevention and payment processing solutions to merchants and service providers in the United States and Europe.
WACHA & EPN
WI-based The Premier Payments Resource and the EPN announced an alliance this week that offers WACHAs 400 members ACH processing and value-added ACH services. The Electronic Payments Network is the largest national private sector ACH operator, with a membership of more than 1,240 commercial banks, credit unions and savings banks. In addition to an unsurpassed service and reliability record, EPN is dedicated to making improvements in the ACH network.
TELEPATHY QUICK-START
Baltimore Technologies launched a complete Wireless Trust Solution designed to
enable full implementation of mobile e-business and e-commerce networks. Based
on Baltimore’s award-winning Telepathy wireless e-security framework, the
solution combines the latest standards-based Wireless Public Key Infrastructure
(WPKI), handsets and smartcard technologies in a uniquely integrated package,
thus reducing the deployment complexity and timeframe for mobile operators,
financial institutions and enterprise customers. The solution is immediately
available for trial deployment under the name Telepathy QuickStart.
“We are very pleased to incorporate our GPRS/Bluetooth mobile phones, the R520
and T39, to be part of Baltimore Telepathy QuickStart, which will accelerate
the rollout of standards-based WPKI. This will help to ensure that Ericsson’s
customers have reliable and secure mobile Internet services,” said Robert Vass,
senior manager, applications product management, Ericsson Mobile Communications
AB.
Mobile operators, financial services companies and enterprises realize that
Security and Trust are critical enablers for stimulating high value mobile
services. WPKI leverages existing wired PKI standards without reinventing the
wheel thus enabling existing PKI applications to become mobilized without
further investment in proprietary solutions.
Today’s announcement further extends Baltimore’s leadership in WPKI and follows
a recent major contract with the Finnish operator Radiolinja, who has licensed
Baltimore Telepathy to deploy the world’s first trust infrastructure for
wireless Internet services using WPKI. Radiolinja has developed a secure mobile
payment solution for Luottokunta (Visa Finland) allowing merchants to accept
Visa and Eurocard/MasterCard transactions. Radiolinja’s new secure wireless
framework also enables Finland’s leading bank, OKO Bank, to provide secure
mobile financial services, while Finland’s Population Register Centre (PRC), a
Government body issuing electronic ID to citizens, will utilize Radiolinja’s
Wireless Public Key Infrastructure (WPKI) for mobile electronic identity.
“Wireless PKI introduces new fascinating services to customers and opens up new
revenue streams for operators. We are pleased to participate in the Telepathy
QuickStart initiative with our new WAP 1.2.1 compliant S45 and ME45 phones.
Trials showing the benefits of standards-based wireless PKI services are an
important step towards our vision of the mobile phone becoming a Personal
Trusted Device in the hand of each customer,” said Anno Mertens, m-commerce
product manager at the mobile phones department of Siemens Information and
Communication Mobile Group.
The solution is built on Baltimore UniCERT, one of the world’s leading Public
Key Infrastructure (PKI) systems and Baltimore Telepathy, the award-winning
wireless e-security framework, combined with a range of the most advanced
mobile commerce technologies including phones from Ericsson and Siemens and
smartcards (S/WIMs) from Gemplus, Giesecke & Devrient, Oberthur Card Systems,
and SchlumbergerSema. The QuickStart offering enables customers to rapidly
deploy the solution for a period of 120 days for up to 100 users, with easy
migration to a full commercial rollout upon completion. Customers can also
choose from two deployment options hosting at a Baltimore Centre of Excellence
or alternatively hosting the solution in-house. Through deploying the Baltimore
Wireless Trust Solution, customers are in a position to use enabling technology
to drive their business vision forward, capturing market share and increasing
average revenue per user (ARPU) among other key objectives.
According to a recent Datamonitor Report (published May 2001), the global WPKI
market is forecasted to account for over 40% of the total $3.6Bn PKI market by
2006. Telepathy QuickStart provides customers with invaluable opportunities to
evaluate the trusted frameworks, which will be used in commercial deployments
and designed to meet the most demanding security requirements including
registration, authentication, and non-repudiation. It is also possible for the
customer during the evaluation period, to start the implementation of business
strategies for new compelling m-commerce services.
Limdara Chea, WIM product manager at SchlumbergerSema, Mobile Communications
explains, “We believe our customers will value this innovative technological
development with Baltimore. Our solution should offer easy Wireless Public Key
Infrastructure deployment to mobile operators, using WAP 1.2.1 compliant SWIM
card Simera e-motion(TM). It leverages the SchlumbergerSema card
personalization expertise with Baltimore Telepathy QuickStart to deliver an
integrated secure batch certificate request process and SWIM card issuance
system.”
“WPKI technology enables non-repudiation and mutual authentication, which is
essential for secure mobile commerce. To be part of an initiative like
Telepathy QuickStart underlines G&D’s goal to provide potential partners and
customers with complete standards-based solutions that enable secure
transactions on various Wireless Internet platforms in a short time-to-market.
Following its success in GSM, from basic authentication devices to advanced
SAT-enabled platforms, smart cards are now empowering mobile commerce solutions
in the WAP(TM) environment,” said Dr. Klaus Vedder, executive vice president
and head of telecommunications at G&D. “Our STARWIM(R) product combined with
Baltimore’s WPKI solution will make secure WAP(TM) transactions over GSM
networks a reality.”
According to Patrick Imbert, director, mobile commerce at Gemplus, “Wireless
PKI is the only technology that enables operators to forge bonds of Trust
between their customers and content providers in a very open environment.
Gemplus strongly believes that the Telepathy QuickStart program will help
mobile operators to easily trial and quickly measure the huge opportunities
that WPKI offers. Thanks to its GemXplore Trust SIM/WIM product range, Gemplus
provides fully interoperable client platforms that are compliant with the
latest standards.”
A feature of Telepathy QuickStart will be the implementation of Baltimore’s
X-BULK extension of the XKMS (XML Key Management Specification), which
effectively eliminates any interoperability issues for the bulk or batch
issuance of digital certificates in wireless PKI.
“We believe that today’s announcement will not only accelerate the rollout of
WPKI but also demonstrates that WAP 1.2.1 interoperability tests between
Baltimore’s software, WIM-enabled mobile phones and WIMs are our prime concern.
With SIMphonIC WIM and Telepathy QuickStart, operators are provided with a
state of the art digital signature creation device and Wireless PKI software.
In addition, the future combination of Baltimore X-BULK and Oberthur Card
System’s current personalization system will provide an innovative PKI-enabled
SIM card issuance system,” stated Sylvestre Denis, WAP project manager at
Oberthur Card Systems, Mobile Communications Business Unit.
“Telepathy QuickStart enables customers to benefit quickly and easily from
Baltimore’s unrivalled experience of WPKI commercial deployments and to
leverage advanced mobile commerce technologies from world class partners,” said
Owen Chubb, Telepathy marketing manager at Baltimore Technologies. “It will
also employ Baltimore’s new X-BULK proposal demonstrating our commitment to
fostering new global standards. This proves that Baltimore is the only company
that can deliver next generation e-security services to meet the most demanding
needs of our customers for authentication, authorization and content security,”
he added.
About Baltimore Telepathy
Baltimore Telepathy
(http//www.baltimore.com/telepathy) is the
most comprehensive open standards-based wireless security solution available,
designed to meet the most demanding security needs of Wireless Network
Operators, Content Providers (including Financial Institutions and Enterprises)
and Technology Vendors. Featuring innovative technology, Baltimore Telepathy
ensures secure and trusted delivery of highly confidential services over the
wireless Internet. Baltimore Telepathy uses Baltimore UniCERT, the world’s
leading PKI as the foundation to extend PKI systems to secure high value
transactions, confidential communications and Intranet access.
About Baltimore Technologies
Baltimore Technologies develops and markets security products and services to
enable companies to develop trusted, secure systems for e-business, the
Internet and mobile commerce. Its products include a wide range of Public Key
Infrastructure (PKI) products and services, access control and authorization
solutions, content security (MIMEsweeper) products, wireless e-security
solutions, cryptographic tool-kits, security applications and hardware
cryptographic devices. Baltimore’s global professional services organization
offers a wide variety of consulting, training and deployment support to its
customers worldwide. Baltimore Technologies markets and sells its solutions
worldwide directly and through the TrustedWorld partner program. Baltimore
TrustedWorld includes many of the world’s leading technology companies and a
wide variety of global, regional and local business alliance partners.
VISA & ValiCert
Furthering the security of e-Transactions, ValiCert, Inc., a premier provider of trust solutions for electronic business transactions, announced that its newly announced ValiCert Trust Services has been selected by Visa U.S.A., the world’s largest consumer payments system. As part of this strategic relationship, Visa U.S.A. has selected ValiCert Trust Services to support its recently unveiled Visa Payer Authentication Service, which is part of Visa’s Secure Commerce Program. The ValiCert Trust Service solution is expected to allow Visa U.S.A. to quickly deploy the necessary infrastructure to provide proof management services to Visa member banks worldwide through the new Visa Payer Authentication Service.
Visa’s Payer Authentication Service enables card issuers to confirm the cardholder’s identity to the online merchant during the virtual checkout process. This service delivers a major benefit to consumers by protecting them against unauthorized use of their cards and gives merchants increased confidence in accepting payment cards for online transactions. Visa’s Payer Authentication Service uses the flexibility of ValiCert Trust Services to provide a record of the authenticated transaction. ValiCert’s new set of managed services, which is designed to simplify and speed up the deployment of secure business transaction infrastructures, allows customers of VTS in finance, banking, healthcare, e-Business, m-Commerce and other areas to rapidly and effectively address complex business problems in a valid, highly secure and provable environment with a minimal ramp up period.
“ValiCert’s security solution has played an important role for Visa in building our Payer Authentication Service,” said Kevin Weller, senior vice president of Technology at e-Visa, a division of Visa U.S.A. “Through partnerships with leading security firms like ValiCert, Visa can deliver on its promise to build consumer confidence in online shopping and protect cardholders and merchants from fraud.”
“Our mission with ValiCert Trust Services is to provide e-Commerce enterprises with the fundamental Internet infrastructure they require to perform online Transactions,” said Yosi Amram, president and chief executive officer of ValiCert. “Through our partnership with Visa U.S.A., ValiCert is able to dramatically extend its reach around the world, demonstrating the value of securing online transactions against fraud, as well as providing a valid forum for dispute resolution. Working closely with Visa U.S.A. is an excellent opportunity to showcase the benefits of selecting a ValiCert solution as a viable trusted source.”
About ValiCert Trust Services
ValiCert Trust Services (VTS) has been designed to deal with complex business challenges while providing a fully managed service that results in a complete business solution for the customer. Outsourcing e-Commerce infrastructure to ValiCert through the ValiCert Trust Services offering provides many benefits, including:
— Faster time to market through quick and easy deployment
— Cost-effective deployment, leveraging ValiCert’s investment in:
— Deployed trust infrastructure
— Managed systems and applications
— Staff trained in secure operations
— Investment protection against technology obsolescence and staff turn-over
— Peace of mind from bank-grade data center security and mission-critical reliability
— Trusted Third Party neutrality
To allow customers to greatly reduce time-to-market, ValiCert Trust Services also features a range of useful QuickStart programs. In addition, if a project requires customization or integration of third-party software, the ValiCert Professional Services Organization can deliver complete solution integration.
ValiCert Trust Services has been designed for applications within several vertical markets. For each of these distinct applications, ValiCert Trust Services can be tailored to provide a unique solution to meet the demands and challenges of each market.
About ValiCert
ValiCert is a leading provider of trusted transaction infrastructure products and managed services for conducting business safely over the Internet. The company’s open and neutral security solutions are designed to enable enterprises and service providers to protect all phases of the transaction lifecycle regardless of the type of credentials that are used for authentication purposes. ValiCert’s products and services are available through its direct sales force, resellers and global affiliate network.
ValiCert has technology and marketing alliances with a range of security and e-Commerce companies, as well as systems integrators. The company’s customers include Global 2000 organizations in financial services, telecom, healthcare and government sectors. ValiCert is headquartered in Mountain View, California and has offices throughout the US, Canada, Europe and Asia. ValiCert is available on the World Wide Web at [http://www.valicert.com][1].
[1]: http://www.valicert.com/
TSYS Total Solutions Names SVP
TSYS Total Solutions, a wholly owned subsidiary of Total System Services, Inc., has promoted L. Patton Elliott to Senior Vice President.
During the announcement, TSYS Total Solutions President Clifford Mason stated, “Pat is an exceptional leader. Our company is fortunate to benefit from his talent and dedication. He is an asset to our team.”
Elliott joined TSYS in 1990 as the Manager of the Quickstart Programmer Education Program, which was conducted in conjunction with Columbus State University and Columbus Technical Institute. Elliot joined TSYS Total Solutions in 1995 and most recently served as Vice President of Operations. Currently, Elliott is responsible for the following areas of TSYS Total Solutions: system design and analysis; application development; equipment evaluation, selection, recommendations, procurement and implementation; software and hardware support; and computer center operations. He has more than 28 years of experience in both the technical and administration of information services and computing.
Based in Columbus, Ga., TSYS Total Solutions specializes in inbound-outbound telemarketing, acquisition mailing, application processing, direct mail, correspondence fulfillment and other mailing services including laser printing and MICR, response processing and data entry, among others. These services are provided to banks and other financial institutions and are seamlessly integrated into THE TOTAL SYSTEMâ. The company has been a wholly owned subsidiary of TSYS since 1992.
Headquartered in Columbus, Ga., TSYS is one of the world’s largest credit, debit, commercial and private-label card processing companies, serving card issuing institutions located throughout the United States, Puerto Rico, Canada and Mexico, representing more than 90 million cardholder accounts. TSYS provides a comprehensive on-line system of data processing services marketed as THE TOTAL SYSTEMâ. In 1996, TSYS formed a joint venture with Visa® U.S.A. to create Vital Processing Services L.L.C. (www.vitalps.com), a leading full-service merchant services provider. TSYS’ 1996 revenues totaled $311.6 million; the company is an 80.7 percent owned subsidiary of Synovus Financial Corp. (NYSE: “SNV”) (www.synovus.com), a $9.0 billion asset, multi-financial services company that also includes 34 banking affiliates in four Southeastern states, a full-service brokerage firm, a comprehensive trust services provider and a mortgage services company. TSYS’ Internet address is [www.totalsystem.com][1].
[1]: http://www.totalsystem.com