MasterPass digital payment solution from MasterCard is now available in Italy. Following its success in the US, Australia, Canada and the UK, MasterPass is now debuting in Italy thanks to MasterCard’s agreements with the country’s major banks and an increasing number of participating retailers. Over 3,500 of Italy’s leading brands and companies have recognised the new business opportunities e-commerce has to offer. With digital shopping becoming an increasingly multi-channel process in Italy, MasterPass is making online purchasing even faster, simpler and more secure. Having stored their name, card and shipping details when they sign up for the service, consumers no longer need to enter them at the checkout: they simply click or tap on the “Buy with MasterPass” button and enter their password to complete the payment. This kind of simplicity is fundamental to the growth of e-commerce, now a well-established phenomenon with 3.7 million Italians making at least 10 online purchases a year and a rise in online shopping using mobile devices.
Omanye Money whose services are largely targeted at the unbanked and under-banked world-wide, has announced the introduction of international mobile money transfer to bank accounts in Nigeria and Ghana. Their customers can now send money from the Omanye mobile site and website wherever they are in the world and users of the eTranzact Mobile Money mobile service (pocketmoni) in Nigeria now have the option of receiving international transfers from Omanye Money customers all over the world.
American Express Meetings & Events full-service global meetings and events management provider partnered Cvent meetings technology company to offer an integrated service and technology solution for the management of meetings and events. This extends the companies’ existing relationship, under which American Express Meetings & Events’ global team is now using Cvent’s Supplier Network, to one where Cvent is also developing a set of customized tools and capabilities that can help American Express Meetings & Events clients more effectively and easily manage their meetings and events investments.
LML PAYMENT SYSTEMS payments technology provider of financial payment processing solutions for e-commerce posted its fiscal 3Q/11 (4Q/11) revenue of $5,251,000, down from the year ago figure of $11,060,000. Meanwhile, gross profit was $2,236,000 and net income was $265,000. For the quarter, Transaction Payment Processing (TPP) segment revenue increased 22% year over year and 13% sequentially quarter over quarter; all three of its business segments achieve profitability; and the Company added 873 customers for a base of just over 12,000.
Revenue for the nine month period ended December 31, 2011 was $24,233,000 compared to the year ago figure of $22,010,000, gross profit was $12,286,000 and net income was $4,435,000, compared to last years’ net income of $2,762,000. LML Payment Systems through its Canadian subsidiary Beanstream Internet Commerce and its U.S. subsidiaries Beanstream Internet Commerce and LML Payment Systems provides credit card processing, online debit, electronic funds transfer, automated clearinghouse payment processing and authentication services.
IDEALINVENT has signed a distribution agreement with Financial Architects (FinArch), the market leading vendor for integrated Finance, Risk and Compliance software solutions. IDEALINVENT will sell and implement Financial Studio, the Finance, Risk and Compliance flagship solution from FinArch. Included in the non-exclusive agreement are the Nordics, Baltics, Poland, CIS and Russia. The complimentary solutions and knowledge of the financial market brought together by both companies provides an exciting value proposition to the market.
NeoMedia Technologies global mobile barcode management solutions partnered Nutrimix Labs to launch its mobile barcode enabled advertising campaign. Featuring a QR code, the campaign will run in fitness magazines and allow users to scan the QR code links through to a Facebook page where fans of the products are invited to ‘Like’ the Interactive Nutrition page. In return those who ‘Like’ the page will receive exclusive information on forthcoming promotions and special offers.
Posera-HDX Limited has completed the acquisition of the restaurant division of 2020 IT Solution of Saskatoon, Saskatchewan for undisclosed terms. The 2020 solution already offers digital menu boards, web enabled video security, web-hosted restaurant back office management systems, and web-hosted employee labour analytics and scheduling solutions. It now allow quick service restaurants and table service restaurants, to control costs and effectively manage their business. The 2020 “HyperScheduler” is a hosted, subscription model, web/cloud workforce management solution which allows operators to optimize staff schedules based on a sophisticated proprietary sales and product mix forecasting model coupled with matching the most effective and efficient staff for specific positions for time sensitive duties.
Posera – HDX Limited announced that it has completed the acquisition of the payment switch company, Cash ‘N Go, for $450,000. Renamed HDX Payment Processing, the purchase price was satisfied by the issuance of 1,000,000 Posera-HDX common shares at $0.45 cents. Cash N Go, established in 1998, owns and operates a Postillion payment switch developed by S1 Corporation. The Company has historically processed approximately 8 million ATM transactions annually and Posera-HDX plans to upgrade the payment switch to facilitate the processing of Point-of-Sale transactions for its merchant client base.
Ogone payment services announced the appointment of two new non-executive board members – Ali Kutay and Jay McGonigle. Kutay was most recently Senior Vice President at Oracle Corporation. Kutay was the Chairman and CEO of GoldenGate Inc. from 2004 until its acquisition by Oracle in September 2009. Previously, from 1999 to 2003, Mr. Kutay was the Chairman and Chief Executive Officer of AltoWeb, Inc., a provider of e-business infrastructure software. McGonigle is the former Chairman and CEO of the Corporate Executive Board Company and an adjunct professor at Georgetown University’s McDonough School of Business. He is currently Visiting Professor in the Department of Business Policy at the ESADE Business & Law Schools in Barcelona, Spain.
ACOM Solutions has launched its “EZPaySuite” scalable and feature-packed Payment Automation Solutions. The addition of EZPaySuite to ACOM’s solution line-up expands their market reach to now include enterprise customers of every size. EZPaySuite sets a new standard of success for ACOM in the Document Management and Process Automation marketplace by building upon the company’s strategic focus in developing affordable, intuitive easy-to-use solutions for managing their documents and information. EZPaySuite extends this strategic focus by giving users the ability to manage and automate secure payment processing, multi-level distribution and settlement activities from multiple systems and technology platforms with one unified solution.
Protecting personal information on credit/debit cards can be done with the ICFE’s new anti-RFID Credit/Debit Card Sleeves. The anti-RFID technology protects from hand held RFID scanners, which scan the unprotected cards of unsuspecting consumers. The specially laminated credit/debit card sleeves are designed to keep personal information safe from prying electronic eavesdroppers. Electronic pick pockets will be out in force during the Christmas shopping season, especially at the malls.
EMV chip-with-signature technology is now available on the British Airways Visa Card from Chase. Now the British Airways Visa Card has EMV chip-with-signature technology that features a microchip as well as a traditional magnetic strip to accommodate merchants in the United States. The British Airways Visa Card does not charge foreign transaction fees, delivering up to three percent savings on international purchases, allowing cardmembers to earn 2.5 Avios (British Airways Executive Club currency) for every $1 spent on British Airways purchases. The announcement also marks the third credit card in the Chase portfolio and the first airline co-brand card to offer EMV chip-with-signature technology.