CIMB Bank Introduces Debit Rewards MasterCard

CIMB Bank announced its Debit MasterCard, as it offers privileges and benefits to a more rewarding social lifestyle. Cardholders can also enjoy more savings on their daily spending or even on a night out in town for dining and entertainment. The CIMB Bank Debit MasterCard has over 80 participating merchants offering discounts and members’ privileges, offering 1% rebates for petrol refills and grocery shopping in addition to local promotions.

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Eckoh signs Reseller Agreement with Servebase

Eckoh plc customer service solutions using speech recognition announced a new reseller agreement with Servebase multi-channel payment processing provider. Servebase provides a wide range of business industries with a strong client base that includes Intercontinental Hotels Group, Burger King, Virgin Holidays and TUI Travel. This sees Eckoh providing Servebase with its PCI DSS compliant telephone payments service, EckohPAY, to complement their existing multi-channel payments offering. The EckohPAY product was developed to target the demand for PCI DSS compliant card processing solutions and is available to Eckoh’s indirect partners to resell.

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TNS Launches Global GPRS Mobile POS Solution

Transaction Network Services launched its ‘one-stop’ solution with mobile POS terminals to access to TNS’ PCI DSS certified Secure Payments Network. Linking with hundreds of acquirers and processers around the globe, the new service provides secure, reliable connectivity to the TNS Secure Payments Network via a single global roaming SIM. TNS provides the SIM in a pre-activated state, which allows for instant operation when the SIM is needed by merchants. Available with this is the TNS “SIM Management Portal” for flexibility and control to ease provisioning and lower the total cost of ownership of SIM estates and provision SIM cards.

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MORE TH>N Deploys Optimal Payments’ NETBANX m-Payment

Optimal Payments, a leading online payments provider, is now providing an innovative mobile payment solution to MORE TH>N, the direct financial services arm of insurance giant RSA. The solution is a set of mobile-optimised pages provided as part of Optimal’s NETBANX payment gateway and provides a secure, easy-to-use way for customers to renew their car insurance without the need to access the MORE TH>N website via their PC. This is in addition to MORE TH>N already having implemented the NETBANX payment gateway to process card payments online and by telephone for its consumer-facing insurance services. NETBANX’s Unified PayPage provides PCI DSS compliance on a flexible and secure payment system.

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Wright Express 3Q/11 Revenue Up 52% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wright Express value-based business payment processing and information management solutions posted its 3Q/11 revenue up 52% to $151.9 million from the year ago period of $100.2 million. Wright Express uses fuel-price derivative instruments to mitigate financial risks associated with the variability in fuel prices in North America. For the third quarter…

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USA Technologies Revenue Spikes 51% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retail industries reported its fiscal 1Q/12 (3Q/11) revenue up 51% to $6.7 million, compared to the year ago period of $4.4 million. For the quarter, USA Technologies Increased the number of customers on its ePort Connect Service 85%; Increased…

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TNS 3Q/11 Revenue Up 9.3%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TNS posted total 3Q/11 revenue up 9.3% to $142.7 million from the year ago period of $130.6 million. In this period, TNS acquired Cequint while the Payments Division disposed of its Canadian ATM processing assets. Revenues and costs associated with this business are presented for all periods as Discontinued Operations in…

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eWise appoints CEO, Chairman & Director

Alexandre Gonthier has been named CEO with eWise online and mobile payments solution, along with Phillip Riese having been appointed chairman of the board and Eric Archambeau as director. Alex Gonthier was a founder and executive of several successful companies in the online and mobile payment sector. Phillip Riese brings over 30 years of financial services industry expertise to the board and corporate leadership. He spent 18 years at American Express in a variety of leadership positions, and retired in 1998 as President of the Consumer Card Services Group. Archambeau served as a General Partner with Wellington Partners since early 2005, with a focus on Digital Media, Software, Cleantech and Electronics. The eWise platform powers the Secure Vault Payments network in the U.S. in an exclusive partnership with NACHA. Secure Vault Payments has grown dramatically since its commercial introduction in late 2010, with participating banks representing over 20 million consumers in the U.S.

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Bank of America Merrill Adds to Card Platform

Bank of America Merrill Lynch for its global treasury management and online banking channel added its “CashPro Online” for commercial and corporate clients to perform routine transactions and make informed business decisions. This includes “CashPro Payments” global payments hub; “CashPro InformationReporting,” helping clients actively analyze and research their financial transactions and position; and “CashPro Mobile.” The “CashPro” spectrum lets clients initiate wire transfers, automated clearinghouse transactions and internal transfers, through a single application.

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Wassau and Clear2Pay launch payments hub

WAUSAU Financial Systems processing solutions provider and Clear2Pay payments modernization at the Association of Financial Professionals (AFP) Annual Conference announced their partnership to provide end-to-end receivables and payables technology for financial institutions and their business customers with the launch of an Integrated Payments and Receivables Hub. The partnership pairs Clear2Pay’s Open Payment Framework (OPF) and bank payments hub with WAUSAU’s integrated receivables hub, Receivable360™, to help financial institutions offer businesses the capability to manage their cash flow by streamlining current processes while providing a comprehensive view of all incoming and outgoing payments.

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