VA-based Transaction Network Services has ankled two high-level senior executives. George Zirkel joins TNS as Senior Vice President and Head of Global Payments Strategy. John Tait takes on the role of Managing Director of TNS’ Payments Division for the Asia Pacific region. Zirkel will be based at the company’s headquarters in Reston, USA. Tait will…
Global Tel*Link has begun to include key-injected credit card scanners in all of its new payment kiosk deployments, as well as to perform quarterly inspections and audits of all payment kiosks. With this move, GTL is emphasizing its commitment to the protection of customer data by complying with and going beyond industry standards for customer data security.
VA-based Global Tel*Link has acquired TouchPay. The acquisition is the next step GTL has taken in its path to grow its payment services business into new government sectors, expand its corrections payment service business.
VA-based Bella FSM, a Software-as-a-Service (SaaS) provider has added electronic signature capture. This software enhancement further streamlines business operations allowing for a true paperless process.
Reston, VA-based Transaction Network Services has inked a deal to sell its Payment Gateway Services business to MasterCard. The business will join DataCash in expanding MasterCard’s global payment gateway solutions.
Merchant Link payment gateway and data security solutions signed a multi-year contract with Phoenix Managed Networks, under which Merchant Link will offer its customers Phoenix’s PCI DSS firewall service coupled with breach insurance. This service is a cloud-based management service with an on-site security appliance that locks down the point-of-sale (POS) system and segregates payment traffic from all other corporate IT data. The router further simplifies compliance with PCI standards and addresses the PCI DSS requirement to install and maintain a firewall configuration. The service simplifies the process by pre-populating the PCI DSS Self Assessment Questionnaire (SAQ) document and includes $100,000 of breach insurance in the event of a security breach. It also guards the POS network from internal and external threats 24x7x365.
FrontStream Payments released version 1.0 of its all-in-one “fasttransact” payment management platform, a self-serve, enterprise level payment system designed for managing multiple payment input channels, interactively gathering and tracking customer and consumer activity, and streaming critical consumer and financial data to core client-side business applications. Offering a single-source payment capture and management platform, its hosted on the PCI-DSS certified FrontStream network. The “fasttransact” payment management platform was built on FrontStream’s legacy business strengths. Practices such as efficient client boarding, fast and secure authorization, payment channel diversity, and compliant data storage are fundamental to the “fasttransact” platform framework.
On-Line Strategies integrated its advanced switching platform with Phoenix Managed Networks’ [PMN] encrypted, PCI-compliant transaction transport system. The combination of technologies from these industry-leading providers assures greater processing speed, reliability and flexibility for customers using dial-up, wireless and IP transaction origination from a wide variety of POS devices. Phoenix Managed Networks is a privately held payments company that was established to acquire HBNet, the secure transaction transport business previously owned by Hypercom.
Software AG announced the publication of “Process Intelligence For Dummies Software” Special Edition. Written by Software AG and IDS Scheer executives, focuses on process intelligence in action and delivers information organizations can use to discover cost savings in their business and see precisely where waste and loss is occurring. “Process Intelligence For Dummies” includes application scenarios and best practices for Process Intelligence. It also details 10 pitfalls to avoid. The authors will introduce the book at ProcessWorld 2010, taking place today in Washington, D.C. at the Gaylord National Hotel and Convention Center
Transaction Network Services has hired John M. Perry, previously at Ruesch International, as its
General Manager of the Americas in the Payments Division.
Perryâs role will focus on driving the growth of TNSâ payments business
by exploring new market opportunities and developing the companyâs
global customer base. Perry was Executive Vice President of Global
Sales and Marketing at Ruesch International. He brings more than 20
years experience in the financial services and payments industries to
TNS and has also spent time in executive positions at First Data,
Elavon, Visa and Wells Fargo. Perry holds a Bachelors degree in engineering from the United States
Military Academy at West Point and an MBA from Northwestern Universityâs
Tier Technologies’ Official Payments Corporation announced that the Internal Revenue Service has decided that the convenience fees charged for paying federal individual income taxes using a credit or debit card are deductible for some taxpayers who itemize. This decision is a change from prior policy. The IRS had previously determined that only convenience fees incurred by business taxpayers can be deducted as a business expense. In reassessing the position for individual taxpayers, the IRS decided that the convenience fees associated with the payment of individual federal taxes, including payment of estimated tax, can be included as a miscellaneous itemized deduction. However, only those miscellaneous expenses that exceeded 2% of the taxpayerâs adjusted gross income can be deducted. Taxpayers first must be eligible to file a Form 1040 Schedule A to itemize their expenses. And, taxpayers must have enough miscellaneous expenses to exceed 2% of the taxpayerâs adjusted gross income. Miscellaneous expenses include but are not limited to items such as tax preparation costs, job search expenses and unreimbursed employee expenses. Last year more than four million taxpayers electronically paid their taxes according to the IRS.
VA-based Tier Technologies announced that its Official Payments
subsidiary has been awarded a multi-year contract extension by the IRS
to provide electronic payment solutions for personal and business taxes.
The contract has four one-year option periods running until December 31,
2013.Since 1999, when OPC began processing federal tax payments for the
IRS, the company has processed over $9 billion in federal taxes.
Official Payments was selected by the IRS to pilot federal electronic
tax payments and is the only company that has provided these services
continuously since 1999. Payments may be made with an American Express,
Discover Network, MasterCard card or Visa card. The IRS has determined
that convenience fees incurred by qualifying individuals and business
taxpayers may be deductible. Tier Technologies serves over 3,300
electronic payment clients throughout the USA.