In today’s CardFlash News Que: BANKRATE (gift cards); GEMALTO (report); CSI (award); and UPROMISE (survey).
BitPay is moving to a larger office to meet the explosive increase in demand. BitPay has added more expertise to its staff with Timo Dijkstra as Compliance Specialist. Timo previously worked as a Senior Compliance and Risk Consultant for PriceWaterhouseCoopers and has a Corporate Law degree from the University of Utrecht. BitPay has also added Walter Drieënhuizen and Niels Kerstholt as Sales Associates, and Carla Jagger as the Office Manager. Walter has previously worked at DocData, and Niels is a three time Olympian and world shorttrack speed skating 2014 relay champion. Worldwide, BitPay has grown to 75 full-time employees with 5 offices in Atlanta, Amsterdam, San Francisco, Buenos Aires, and St. Petersburg.
WEX, a leading provider of corporate payment solutions, announced it has partnered with Alegeus Technologies, the market leader in healthcare and benefit payments, to introduce a virtual card solution for the post-adjudication claims market. An alternative to automated clearing house (ACH) payments, the new solution offers an additional electronic settlement method for payers and providers – using WEX Health electronic technology to settle claim payments more efficiently and eliminate costly check payments. Unlike ACH, virtual card payments do not require additional information or consent from providers to implement if they are a MasterCard accepting merchant. A provider can be set up to receive virtual card payments from participating payers automatically, giving payers the option of transitioning a large percentage of provider payments from paper checks to virtual card payments.
Alibaba Group e-Commerce and MasterCard have signed a Memorandum of Understanding (MOU) to explore future collaboration in the area of e-Commerce. With the intention to forge joint efforts to establish an enhanced e-Commerce environment to benefit consumers and small businesses within and outside China, the two parties have also agreed to jointly address a strong mutual commitment to help combat intellectual property infringement. Both companies believe that innovation and collaboration are the drivers of development in e-Commerce, and are committed to fostering an enhanced e-Commerce environment that provides a safe and efficient payment experience for users of Alibaba Group’s platforms such as AliExpress and its affiliate Alipay.
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.
Marketron business software solutions and services for the media industry selected Chase Paymentech as its preferred partner to enable the 7,000 media clients using Marketron solutions to accept credit card and electronic payments from their advertising customers. Marketron clients will benefit from the Chase “Paymentech” credit card and electronic payment acceptance. This arrangement will provide direct benefits to media entities by reducing days sales outstanding (DSO) and collection costs, increasing operating efficiencies and providing convenient payment options for their advertisers. Marketron customers can utilize Chase Paymentech’s processing services as a standalone service but also have the ability to integrate those services with Media Connect, a Mediascape service.
Zoho announced a PayPal option for its “Zoho Creator” online database and forms software. This Payment Module allows users to accept payments and donations directly within their Zoho Creator applications via PayPal. Zoho also announced organizational and domain level sharing and Google Docs (Forms) Import options for Zoho Creator. Zoho Creator lets users quickly and easily build custom business applications. With its drag-and-drop UI, users can automate business processes with custom workflow; collect data, analyze and generate reports; set email notifications and schedule tasks; collaborate with team members and clients; and more. Along with the new Payment Module, it now features Organization and Domain Level Sharing and Import Google Docs (Forms) Import.
T-Mobile USA and UK-based Everything Everywhere communications company have partnered with Giesecke & Devrient (G&D) to develop a multi-mode international mobile subscriber identity (IMSI) SIM. Designed for cost-effective international machine-to-machine (M2M) deployment, the multi-mode solution will act as a local SIM when deployed in the U.S. and the UK. This unique “borderless” solution will offer M2M application providers the ability to deploy multiple global subscriptions for reduced roaming costs and improved coverage in areas outside of local networks.
GuestLogix onboard store technology to airlines has developed an additional battery offering for use in its widely-used handheld POS devices for onboard retailing. This new offering comes as a response to the rules and concerns put forward by the U.S. Federal Aviation Administration (FAA) regarding Lithium batteries, and may assist airlines in avoiding further regulatory review that could potentially impact the use of existing battery solutions. Lithium batteries are classified as hazardous material but the FAA historically had accepted their use on planes, a position that appears to be changing. The FAA has already banned passengers and airlines from carrying spare, unattached Lithium batteries and mandated that airlines remove Lithium-powered devices from the aircraft for charging – restrictions which have created logistical challenges for both technology providers and their airline customers.
VeriFone posted a 16% increase in 1Q/10 revenues to $240.7 million, compared to 1Q/09 revenues of $201.6 million. Meanwhile, the POS terminal manufacturer posted Non-GAAP gross margins of 39.2%, compared to 39.2% in the prior quarter and 33.8% in 1Q/09 and GAAP net income per diluted share of $0.23, compared to $0.12 per diluted share in the prior quarter and $0.13 per diluted share in 1Q/09. During the quarter, VeriFone announced the acquisition of the assets of Orange Logic, a South Korean payment systems provider, gaining the people and infrastructure needed to introduce its secure electronic payment product line into the Republic of Korea. VeriFone also launched its “VX Evolution” to offer reliability and extended product lives, leveraging technologies widely-used in the cell-phone industry and meeting PCI PED 2.0 standards. For complete details on VeriFone’s latest performance visit CardData (www.carddata.com).
1Q/07: $217.2 million
2Q/07: $231.7 million
3Q/07: $237.9 million
4Q/07: $185.5 million
1Q/08: $233.0 million
2Q/08: $258.7 million
3Q/08: $244.7 million
4Q/08: $214.0 million
1Q/09: $201.6 million
2Q/09: $211.2 million
3Q/09: $217.8 million
4Q/09: $223.4 million
1Q/10: $240.7 million
Source: CardData (www.carddata.com)
Algorithmic Research (ARX) digital signature and data security solutions
has introduced its “PrivateServer HSM” (hardware security module) with an EKM
plug-in at G. B Premium Financial Services. G. B Premium Financial Services
specializes in credit card clearance. Using ARXâs solution for
encrypting credit card information, G. B Premium has gained Payment Card
Industry Data Security Standard (PCI DSS) compliance.
ARXâs EKM plug-in for the PrivateServer HSM enables it to connect to
Microsoft SQL Server 2008 in a way that allows users to continue
managing data in the Server as they would regularly. The EKM
encrypts the data in the background to enable PCI DSS compliance.
The PrivateServer HSM also provides a wide
range of cryptographic operations, including PIN applications, EMV,
secure key storage, and secure application execution.
Compliance with PCI DSS is expected to become a
legal regulation in summer 2010 for organizations that process credit
card payments or otherwise manage cardholder information to prevent
credit card fraud.
TX-based HotSchedules has partnered with Digital Dining to integrate POS
platforms with labor management solutions. Digital Dining provides
restaurant POS software and handheld
POS solutions for all types of hospitality verticals with a flexible
XML-based POS software interface and non-proprietary hardware platform.
HotSchedulesâ secure and cost-effective on-demand restaurant scheduling
solution interface includes tools to easily create schedules, print
reports and evaluate
staff availability and integrates with most major POS
solutions as well as time and attendance systems to allow for robust
reporting and advanced forecasting for substantial labor cost savings.