eConnect Launches South American Operations

EConnect recently opened operations at a time where the demand for asset security and real-time intelligence is at a very high level in South America. South American business operators have been embracing eConnects technology innovations for some time which prompted the move down south. Econnect is a U.S. based software company which develops tools to protect businesses from retail POS loss, ATM fraud, casino cheating and collusion with outside parties. The eConnect system integrates with most surveillance NVR systems, digital point of sale, casino management systems, banking ATM’s & other transactional systems.

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EBay buys BillSafe Invoice Technology

EBay has acquired BillSafe purchase-on-invoice technology, extending its leadership in payments. That’s because this partnership combines BILLSAFE with eBay’s PayPal online payments and eBay Inc. now owns 100 percent of the outstanding shares of BillSAFE. PayPal believes the addition of BILLSAFE will provide a comprehensive payment service for merchants and consumers. BillSAFE works with merchants of all sizes in Germany, giving them a simple and secure way to let shoppers purchase using an invoice. Customers simply select the item they want to buy, and then they receive an invoice for payment after the item is received.

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November US LEI Continues to Climb, Up 1.5 Points in 2 Mos

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index (LEI) for the U.S. was up 0.5 percent in November to 118.0 (2004 = 100), following a 0.9% increase in October and a 0.1 percent increase in September. The composite economic indexes are the key elements in an analytic system designed to signal peaks and…

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Visa Projects Last-Minute Holiday Spending Surge

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa is predicting a surge of $278 million in extra Christmas shopping spending in the final few days leading up to Christmas. Visa found shoppers that panic that they haven’t got a gift in time for Christmas often overspend on a gift, meaning that consumer spending will surge in the final…

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Online Shipping Deadlines Drive Late Season Volume

December 12th-18th was the busiest seven day period of the season for 50 of the leading U.S. online merchants that are part of Chase Paymentech’s Cyber Holiday Pulse Index. With high volumes throughout the week, transactions actually exceeded Cyber Week (November 28th-December 4th), with approximately 4.6 million more transactions settling this week than during Cyber Week. Although growth rates are slowing from early season peaks, sales for last week were 20 percent above the same period in 2010. Most online retailers had announced December 19th or 20th as the last day for guaranteed delivery, and last minute shoppers raced to make their purchases. The Pulse Index indicates year over year sales growth of 25 percent and transaction growth of 36 percent. Average tickets remain down 8 percent.

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Visa Sees Shopping Boom Days

Visa predicted December 23rd would be the busiest shopping day in most countries as people purchase last minute gifts for friends and loved ones and a 9% increase in the amount of money spent online on December 23rd this year when compared with the same day last year. Visa also predicted 33 million transactions would be made in total on December 23rd this year which would see a total spend of GBP1.5 billion. Also Visa predicted GBP186.5 million will be spent on Christmas day itself too, but has yet to release any final figures.

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NCR Among Highest Debt to EBITDA Ratio in Industry

NCR meets highest with a debt to EBITDA ratio of 3.8. NCR Corporation manufactures financial transaction machines and other products. The Company produces automated teller machines (ATM), self-checkout and self-service kiosks, point-of-sale workstations and scanners, manufactures printer consumable products, and manages networks and servers for ATMs and kiosks. NCR has traded in a range of $15.11 to $20.97 and is now at $16.41, 9% above that low. Diebold is next with a debt to EBITDA ratio of 3.6. EBITDA ratio indicates how many years of EBITDA would be necessary in order to pay back all the debt. When it is greater than 3.0, it’s considered alarming.

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HSBC Card Services Renews Saks Credit Card Agreements

HSBC North America’s Card and Retail Services business has reached agreement with Saks Incorporated and three other major retailers to continue the management of their private label credit card programs. In addition to reaching a new agreement with Saks, HSBC also renewed the programs for Darvin Furniture, Big Lots and Jordan’s Furniture. All four companies have also agreed to the assignment of their program agreements to Capital One upon closing of its planned acquisition of HSBC’s card and retail services business which was announced in August.

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Merchant Warehouse Recognized by 100Best-Merchant-Accounts.com

Merchant Warehouse is being named as the Best Merchant Account provider for 2012 from 100Best-merchant-Accounts.com. Over 115,000 businesses currently use the best merchant services from Merchant Warehouse because of this company’s commitment to providing businesses with an affordable, secure and reliable way to process online and credit card payments. With rates as low as .69 percent on debit transactions, it is clear that Merchant Warehouse is one of the most affordable merchant accounts available. Merchant Warehouse brings on over more than 30,000 new merchants each year for credit card equipment and processing needs, processing over 9 million transactions monthly for over $7 billion in sales each year.

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Digital Menu Me Partners Revel POS

Digital Menu Me teams up with Revel Systems, a point of sale company in San Francisco California, to deliver all of the Revel Systems’ customers a cloud based digital menu board system. This partnership will take both companies into the next generation of each others markets. Revel Systems runs a cloud based iPad POS system which delivers powerful and intuitive cloud based point of sale to restaurants while Digital Menu Me delivers powerful and intuitive digital messaging to Revel’s Point of Sale customers.

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NationalLink Recognized as a Top 100 Growing Private Company

NationalLink ATM and Payment Transaction company was ranked by the Los Angeles Business Journal as its #95 Fastest Growing Private Company. The Company enhances services by providing ATMs to merchants, malls, hotels and other locations. NationalLink offered partners and their consumers the ability to access the cash via ATMs in their bank accounts at times when they demanded it the most. It also offers complete solutions to banks, including field service. NationalLink ships ATM and ATM parts, focuses on processing cash transactions, providing cash management and getting service technicians to ATM locations.

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Adeptra Earns PCI DSS Re-Certification

Adeptra automated consumer engagement has certified through ISO27001 and PCI DSS for the fifth and sixth years respectively, continuing to define and meet the standards of leadership among vendors in its space. These re-certifications demonstrate the company’s continued commitment to the ever increasing critical market standards through the delivery of secure industry solutions to its global customer base. Earning this, Adeptra had to meet several changes made to the PCI DSS standard since its inception, Including the latest standard, PCI DSS v2.0, by VISA/MasterCard.

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