Misys signed an agreement with tcmpartners making it a member of Misys InFusion Partner Program. It’s partnership will cover Mexico, Colombia, Chile and Peru, as well as in European markets, that include Spain, Portugal, and Andorra. tcmpartners specialises in assisting financial institutions address complex financial systems needs involving regulatory requirements, system selection, customisations and implementation. Its extensive understanding of the Latin American region enables the company to provide local and tailored market knowledge. tcmpartners will implement Misys solutions for Capital Markets, Risk Management and Investment Management rapidly and effectively.
TSYS announced that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent. Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years. Central Payment is a direct merchant acquirer servicing small- to medium-sized merchants through an Independent Sales Agent (ISA) model. Founded in 2005, Central Payment focuses on merchants in the restaurant, personal services and retail sectors. In 2012, Central Payment was named one of the fastest growing private companies in the United States by Inc. magazine for the fourth consecutive year.
Central Payment and SpotOn have contributed $60,000 to sponsor GLIDE’S annual holiday Grocery Bag Giveaway (December 18), Zach and Matt Hyman, co-founders and co-managing directors announced. In the three years that the companies have participated in the annual event, they have provided more than $140,000 in donations. Employees from both companies also works on a regular basis in the San Francisco-based organization’s kitchen, which annually serves more than 2500 meals per day to the city’s poor, homeless and hungry. During the year, the companies also established a matching contribution program which allows them to increase the support for nonprofit organizations by making commensurate donations to match those made by employees or sales representatives to a nonprofit.
payleven mobile payments unveiled the first pan-European Chip & PIN Mobile Point of Sale (mPOS) solution for smartphones and tablets and confirmed its device is fully enabled to accept Visa credit and debit cards. payleven is the first full Payment Service Provider (PSP) with a Chip & PIN solution and has invested significant time and energy to bring to market a solution which is low-cost, convenient, mobile and secure. Its new device is able to process both Chip and magstripe transactions and also supports PIN. It provides full end-to-end encryption of transaction data, is fully EMV-certified and is Europe’s first mPOS card reader from a full PSP to be certified to the highest PCI level – PCI PTS 3.1.
TSYS JV partner, Central Payment Co., has been named one of the fastest growing private companies in the United States by Inc. magazine for the third consecutive year. Inc. ranked Central Payment as number 1,562 in its annual list of the 5,000 fastest-growing private companies in the U.S. This ranking places Central Payment in the top third of all companies ranked and positions it as the 89th-fastest growing company within the financial services industry. TSYS announced its JV with Central Payment, in which its holds 60%. Its focus is on payment processing for merchants in the restaurant, personal services and retail sectors through TSYS technology.
TSYS announced its joint venture with Central Payment, in which it holds a 60% stake and will function as a TSYS affiliate. The Central Payment privately held direct merchant acquirer focuses on merchants in the restaurant, personal services and retail sectors and currently uses TSYS technology for payment processing. The joint venture will be governed by a board of directors including both TSYS and Central Payment executives.
Compass Plus, an international provider of retail banking software and electronic payments systems to financial institutions, announced its strategic alliance with Genia Tecnologia, a Brazilian-based provider of consulting solutions for the card market. Compass Plus developed the alliance in order to provide country-specific support in the local language for its Brazilian customers. Genia provides project…
Clairmail mobile banking and payments solutions, is using Xactly Express for its sales team. Clairmail is now the vendor of choice for one-third of the top 50 banks in North America. Clairmail extended its sales team into Europe and South America, and subsequently implemented cloud-based Xactly Express. Used to automate compensation processes and provide sales reps real-time access into their goals and quota attainment, Xactly Express is used in conjunction with the company’s existing Salesforce CRM system.
Ukash e-commerce cash payment method introduced its services in Argentina through its partnership with More. The entire network of More stores went live this week, bringing over 100 nationwide outlets where the consumer can now purchase Ukash in Argentina. This empowers users to use cash electronically, irrespective of status, device or boundary, and is available at 420,000 retail locations, in more than 50 countries.
Remittances of cash between Mexicans living in the United States and their families back home in Mexico totaled $22.6 billion in 2010. But many Latin American remittance senders living in the United States do not have a bank account, with 35 percent of Ecuadorians, 64 percent of Salvadorans and 75 percent of Mexican immigrants being unbanked. In response, the Federal Reserve Bank and the Mexican Consulate have been partnering with U.S. based financial institutions to lower the cost of sending remittances to Mexico, provide safe and affordable financial services increase the speed and safety of transactions, and reduce the number of unbanked in the U.S. and Mexico by encouraging them to work with regulated financial institution on both sides of the border.
Central Payment achieved PCI Level 1 accreditation security standard level, to protect payment and transaction processing. This after the Company also announced that it had instituted a standardized sales agent accreditation process, ensuring that all of its sales partners met the highest ethical standards. Central Payment had revenues in excess of $50 million in 2010 and has a growing national customer base of more than 38,000 merchants. With a network of more than 750 sales agents, the Company processes more than $3.4 billion in merchant annualized transactions.