Other Breaking News
CardFlash News Briefs: CSI (IPS); ALLIED WALLET (Ecwid); USAT (Downey); and SHOPKEEP (CEO).
Other Breaking News
CardFlash News Briefs: CPI (board); PAYMENT VISION (exec); E2B TEKNOLOGIES (promo); and UNITED PAYMENT (ranking).
Nodus PayLink
Nodus Technologies’ PayLink developed by Professional Advantage, Collections Management for Microsoft Dynamics GP speeds up the collection process, decreases security risks, and provides customer convenience. it has the processing power to improve cash flow, diminish collection time and reduce bad debt.
Other Breaking News
In today’s CardFlash News Que: HEARTLAND (VersaPay); TOUCHSUITE (Top 500); CLEARENT (Top 5000); and SIMPLYTAPP ( HCE Award).
Other Breaking News
In today’s CardFlash News Que: ARIBA (Award); IOFM (Studies); CASHSTAR (Award); and NACHA (Conference).
Breaches Cost
Visa’s (VS) Latin America Caribbean (LAC) region Gross Dollar Volume (GDV) rose year-on-year (Y/Y) 13.7%, on a local currency basis, in the fourth quarter (Q4/14). Growth in the region has been growing steadily in the second half of 2014, and will likely remain so through 2015.
TOT Money Funding
One of Russia’s largest private listed banks is financing Net Element’s TOT Money. Bank Otkritie Financial will provide the company with a factoring facility up to US$4.2 million.
Newtek & AmEx
NY-based The Small Business Authority, (not a part of or endorsed by the U.S. Small Business Administration), is offering the American Express Full Acquiring Program to its small business customers and sales channels via its merchant processing segment, Newtek Merchant Solutions.
TransCentra Announces Imaging Functionality for LockBoxes
TransCentra billing and payment software and services enhanced its private label remote lockbox offering. This allows the corporate customers of TransCentra’s private label bank clients to scan checks and accompanying documents remotely as an alternative to either mailing them to the lockbox site or processing them through a stand-alone remote deposit capture application. Corporate customers can also remotely scan all accompanying materials such as invoices, coupons, loan documents, applications and envelopes. All scanned items are processed, data captured, archived and, for clients with a lockbox on the TransCentra private label platform, automatically consolidated with mailed payments sent directly to the lockbox for processing and accounts receivable file reporting purposes. Extending lockbox functionality to the desktop adds convenience and efficiency to payment processing for any company that processes wholesale and retail payments.
Target Project $148mm in Losses Thanks to Infamous Breach
Target announced 2Q/14 expectations are projected to include gross expenses of $148 million, partially offset by a $38 million insurance receivable, related to the December 2013 data breach. The Company provided an estimate of costs related to its recently-completed early debt retirement and updated expectations for second-quarter Adjusted1 and GAAP earnings per share.All earnings per…
Billtrust Announces New CIO, SVP
Billtrust has hired Tom Iler as Chief Information Officer and Paul Wakolbinger as Senior Vice President of Sales.Iler, most recently at New York digital technology company Vibrant Media where he was Chief Technology Officer, has over 15 years of C-level technology experience. He has served in CTO and CIO positions at companies of all sizes from successful startups to large public corporations. In addition to Vibrant Media, Iler has held executive posts at Ascend One, AOL and Advertising.com. Wakolbinger, with more than 20 years’ experience as a software sales and sales management executive, comes to Billtrust from SunGard Corporate Liquidity, a division of SunGard Financial Systems, where he was Senior VP of Sales, Receivable Solutions. Wakolbinger’s specialty is building sales teams that consistently exceed sales quotas; he has extensive experience in selling application software as well as SaaS and managed-service offerings.
USA Tech Expands ePort
USA Technologies, Inc. today announced commercial availability of ePort Online, another new capability added to USAT’s comprehensive ePort Connect® service. ePort Online was designed to alleviate some of the time and effort USAT customers spend processing and following up on payment for invoiced services such as delivery services, equipment sales, catering services and more. USA Technologies is a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries. ePort Connect® is the company’s flagship service platform, a PCI-compliant, end-to-end suite of cashless payment and telemetry services specially tailored to fit the needs of small ticket, self-service retailing industries.