CHARGE Anywhere Launches m-Payment App

CHARGE Anywhere secure mobile payment and payment gateway solutions announced its “CHARGE Anywhere Payment App” for BlackBerry is now available for download. The CHARGE Anywhere Payment App for BlackBerry offers merchants a secure POS terminal to process cash, check, credit and gift/loyalty, merchants can leverage a BlackBerry and turn it into a fully functional point-of-sale terminal for a more mobile and cost effective solution than traditional legacy terminals. The mobile POS solution for iPhone(TM), BlackBerry®, Android(TM), Windows Mobile®, Java® and Brew(TM) Platforms, allow users to securely process payments in real-time reducing risk and decreasing the scope of PCI-DSS.

Details

MoneyGram Announces Reverse Stock Split

MoneyGram International global payment services company filed a certificate of amendment to its Amended and Restated Certificate of Incorporation to effect a 1-for-8 reverse stock split and to proportionately decrease the number of authorized shares of common stock. The reverse stock split is effective as of November 14, 2011, and the common stock will begin trading on a split-adjusted basis on the New York Stock Exchange at the opening of trading on November 15, 2011. Beginning on November 15, 2011, the common stock will trade for 20 trading days under the symbol “MGID” to indicate that the reverse stock split has occurred. Thereafter, MoneyGram’s trading symbol will revert to its original symbol, “MGI.”

Details

TAG FinTech Announces Date for FinTech Georgia 2011

FinTech Georgia 2011 is an annual symposium that will showcase some of the leading financial and payment industry executives discussing the future of technology, emerging trends in payments and factors shaping the industry, such as the Dodd Frank/Durbin Amendment. The founder and former chairman of CheckFree Corporation (now Fiserv), will provide this year’s keynote address as he accepts FinTech Georgia’s Lifetime Achievement Award on November 16.

Details

Ingenico Takes-Over Xiring

Ingenico payment solutions is launching a friendly contractual voluntary tender offer for all the shares of the company Xiring not currently held by Ingenico. A cash offer of EUR17 per share, this offer is in line with Ingenico’s strategy of expanding into services and increasing the contribution of recurring transaction-based revenue. In 2010, XIRING reported revenue of €20.6 million, roughly half of it recurring, and a restated3 EBITDA margin of 23.6%. The offer is for all XIRING shares not currently held by Ingenico and will be open from November 16 to 29, 2011.

Details

Oberthur to Supply e-Residence Permit Cards

Latvian Interior Ministry selected Oberthur Technologies to provide the electronic secure cards, pre-personalization and related software middleware, for both Latvian residence permits and citizen cards. The Interior Ministry of the Latvia Republic will launch their new electronic identity documents on 2nd of January 2012: the electronic EU residence permits for non-EU citizens residing in Latvia and the electronic ID cards for citizens. The cards supplied by Oberthur Technologies will be produced in polycarbonate raw material.

Details

NICE Allows C3 Real-time Payment, PCI Compliance

NICE Systems announced that C3/CustomerContactChannels (C3), a global provider of customer management solutions, is enhancing its recording and quality management systems with NICE Interaction Management and NICE Quality Management, recording and quality management solutions of the NICE SmartCenter Workforce Optimization suite. C3/CustomerContactChannels, a global provider of customer management and business processing services, offers solutions for a variety of industries, including the healthcare, telecommunications, travel, and finance sectors.

Details

UK Post Implements HSBC Card Processing

HSBC Merchant Services independent cards payment processor won a tender to provide Post Office Ltd with card processing services to its approximate 11,500 branches nationwide. With this, It will provide an extensive range of technology, including virtual terminals for the Post Office website, and process payments from all Post Office branches, including the innovative ‘Post and Go’ self-service kiosks and the entire estate of 13,000 paystation™ bill payment terminals.

Details

Aldemore Bank to Deploy Experian Processing

Experian signed a three year contract to provide Aldermore Bank its range of credit information, software and analytical services from its consumer and commercial banking portfolio. Experian will support Aldermore Bank’s lending, providing consumer and commercial credit reference information for new business and ongoing customer management. Coupled with Experian’s analytics services, this lets the provider manage risk and lend more efficiently to its customers. Specifically, Aldermore Bank will focus on its front office capability through Experian “Transact” application processing system.

Details

Clear2Pay Acquires Level Four

Clear2Pay international technology provider of next generation payment solutions for financial institutions agreed to acquire Level Four Software Holdings. Providing development and test automation solutions for all types of ATM networks, enabling banks and processors to maximise their investments in their retail payments network at high profile customer touch points, Level Four covers the entire test spectrum from the ATM terminal via the host to the ATM developer’s PC. This provides banks and payment processors with a comprehensive solution that minimizes error and down-time and allows for considerable savings in testing man hours and the deployment of new functionality. Subsequently, The Level Four team will be integrated in Clear2Pay’s Open Test Solutions unit and will continue to operate from its existing offices.

Details

VeriFone to Acquire Point, Extends Alternative Payments

VeriFone Systems has signed a definitive agreement with Nordic Capital Fund V to acquire Point payment and gateway services and solutions for retailers. With this, VeriFone seeks to extend the Point platform throughout the region for an infrastructure for rapid deployment of alternative payments. For the deal, VeriFone will pay EUR600 million to acquire all of the equity of Point and will also retire at closing existing Point debt of approximately EUR170 million. The acquisition is expected to close by the end of 2011, and is subject to customary closing conditions. Point has operations in 11 Northern European countries and serves a captive network encompassing almost 475,000 merchant contracts.

Details

Gemalto to Demonstrate SIM Card Standard

SFR, Vodafone, Giesecke & Devrient (G&D) and Gemalto will demonstrate how a new standard for embedded SIM cards and related infrastructure is set to speed the delivery of a wide range of connected devices at the CARTES & IDentification congress in France. Embedded SIMs are set to play an increasingly important role in society as more and more electronic devices beyond handsets will include a wireless data connection to improve the customer experience. The pilot implementation will show how the mobile industry is progressing plans to create a common standard for management of embedded SIMs, paving the way for the delivery of the first commercial products from 2012.

Details