Hotel Breaches
Hilton and Starwood this week acknowledged they have been hacked following last month’s data breach discovery by Trump Hotels and one earlier this year by Mandarin Oriental.
Apple Bank & ACI
NY-based Apple Bank has decided to deploy self service business banking, mobile and bill pay offerings from FL-based ACI.
WU & UAE
Western Union expanded its global relationship with UAE Exchange, an international money transfer retailer, from North Africa and Middle East to securing retail presence in 16 major city centers in the United Kingdom, Ireland, Germany & Netherlands.
VeriFone Partners Isracard for International Sail Distribution
VeriFone Systems announced the international expansion of its “Sail” m-payments platform with Isracard card issuer and acquirer. With this, “Sail” encrypted card readers for iOS and Android devices and to bring smartphone based mobile payments to merchants. The Isracard will market a customized SAIL solution to a market targeting tens of thousands of small businesses that currently do not accept credit cards, including its own credit card holders, with over 45% market share. SAIL makes the solution compatible with tablets and smartphones, which is an open platform that enables VeriFone partners to build their own payment or marketing solutions on top of VeriFone’s secure infrastructure.
LightSpeed mPOS Raises $30mm investment
LightSpeed, a leading software company that helps retailers revolutionize in-store shopping, announced today the closing of a US $30 million Series A investment from Accel Partners. The funding represents the first institutional investment in the Company’s history and will be used to further bolster LightSpeed’s rapidly growing team, enhance its product portfolio and drive international…
WorldPay Adds Discover to its Portfolio
Streamline card payment processing in the UK and Europe has given small and medium sized businesses in the UK improved access to Discover and Diners Club cards as a standard option to its portfolio of payments. This expands the relationship between Streamline, which is part of the WorldPay group, and Discover, one of the most recognised brands in US financial services. WorldPay and Discover initially announced the forming of a strategic alliance to increase acceptance in Europe back in November 2011. Through Streamline, WorldPay will now offer Discover, Diners Club, BC Card and DinaCard acceptance to all merchants and will support D-PAS, Discover’s EMV-compliant payments solution, as well as enabling chip-based terminals.
I Love Velvet mPayment Merges into Micros
I Love Velvet installed customized mobile restaurant for point-of-sale payment and placing orders at the Nespresso Cafe. As Nespresso rolls out the I Love Velvet system in its cafes in the US, I Love Velvet now has a mobile payment solution that can be “plug & play” with an existing Micros RES solution. Using its own proprietary application and hardware, which includes an Apple-certified micro chip, I Love Velvet is now a true “mobility extension” of the Micros system. The challenge for I Love Velvet was to create a user-friendly program that offers the highest level of security for payment options (PIN debit entry) and the fastest turnaround time for completion of the payment cycle via a fully encrypted process.
SMC Networks Launches Wireless Portable SMC-ATM Router
SMC Networks networking solution provider has kicked off its “ATM ROUTERS,” connecting to 3G networks using an existing USB wireless modem. Targeting ATM’s and Mobile ATM’s, the Router is compatible with most modems in the market. The “ATM ROUTER” features 1-port 10/100 MB/s LAN & WAN port, high speed wireless-N access point, NAT firewall with SPI, a user friendly web-based management interface. The feature works with number of service providers like Reliance, TATA and many other eminent Teleservices. Unlike the VSAT connection, SMC ATM Routers are extremely cost-effective and also require very less time for its installation. Within few minutes the connectivity is obtained and the ATM site is ready. SMC leverages strong industry relationships in combination with experienced and talented in-house design and engineering.
Fiserv RDC Reaches More than 160,000 Users
Over 3,300 financial institutions are now using Fiserv solutions for Remote Deposit Capture (RDC) serving a total number of end-users of more than 160,000, having processed nearly four billion items. The “Source Capture Solutions” from Fiserv are designed to enhance the reliability, versatility and scalability of image capture and check processing with a common web based platform. This solution set includes branch, merchant, teller, ATM and the increasingly popular consumer and mobile capture all on a common web platform that enable remote deposit capture.
GLOBALCOLLECT
OffGamers video gaming services partnered with GlobalCollect, which will facilitate all its online credit card transactions. As a full-service provider, GlobalCollect offers not only card payment processing but also reporting and reconciliation services. On top, it administers mandatory fraud screening schemes like 3D Secure and Retail Decisions’ world leading Card Non-Present fraud prevention service ReD Shield. Future additions of the agreement will include alternative payments like real time banking, bank transfers, prepaid cards, and eWallets.
OffGamers provides its gaming services for over 200 video game titles appealing to both casual and power gamers alike.
CITI PRIVILEGES
Citibank Credit Cards and Cobrand Cards customers can now exclusively enjoy the hottest offers in over 30 restaurants at SOHO in Central. At a glance, the “the hottest year-round privileges” include up to 50% off
dining privileges,buy-three-get-one-free mega lunch buffet,complimentary glass of wine
and complimentary tapas entree. Citi has approximately 200 million customer accounts and does business in more than 140 countries.
iMergent Reports Reports 1Q/10 Net Income of $123MM
E-commerce software provider iMergent reported net income for the first quarter of 2010 was $123,000,000 compared to $1,552,000
in the comparable quarter last year. Income before income tax provision
for the first quarter of 2010 was $248,000 compared to income of
$2,778,000 in the comparable quarter last year. Revenue for the first quarter of 2010 decreased 18% to $17,094,000,
compared to $20,921,000 for the comparable quarter last year. The lower
revenue was a result of a 5% reduction in the number of workshops
conducted during the first quarter of 2010 as compared to the comparable
quarter in 2009, a decrease in the percentage of attendees purchasing
products to 26% in the first quarter of 2010 compared to 28% in the
comparable quarter of 2009, a 21% decrease in the number of preview
buyers attending our workshops compared to the prior year quarter, as
well as a 39% reduction in principal cash collected on our receivables
portfolio. The remaining decrease in revenue is primarily related to
commissions derived from third parties which decreased 22% to $2,581,000
for the three months ended March 31, 2010 compared to $3,330,000 for the
three months ended March 31, 2009. The decrease was primarily
attributable to a decrease in commission from third parties as a result
of fewer leads sent to third parties due to a decrease in the Company’s
product and service sales.