NCR to Acquire Radiant Systems

NCR signed definitive agreements to acquire Radiant Systems POS and managed hosted service solutions to the hospitality and specialty retail markets for an equity purchase price of $1.2 billion. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval. The transaction accelerates NCR’s strategy of expanding into core industry adjacencies and will allow it to create a third core industry vertical, after its Financial and Retail lines of business, and establish category leadership in the hospitality and specialty retail markets. The tender offer is expected to commence on or before July 25, 2011. The offer will be open for a period of not less than 20 business days from its commencement and will be conditional upon, among other things, valid acceptances of the offer in respect of shares representing more than 50% of the outstanding Radiant Systems shares on a fully diluted basis as well as satisfactory completion of other customary closing conditions, including regulatory approval. NCR plans to raise approximately $1.1 billion of new funded debt to finance the transaction. The financing will enable NCR to maintain a strong liquidity position post transaction. J.P. Morgan, RBC Capital Markets, BofA Merrill Lynch and Morgan Stanley provided committed financing to NCR for the transaction.

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Heartland Financial renews Fiserv debit processing

Fiserv financial services technology solutions is set to process signature and PIN debit transactions for seven of the nine banks that make up Heartland Financial USA, all of which will continue their membership in Fiserv’s ACCEL/Exchange PIN debit network. Heartland has been a Fiserv customer since 1998. Heartland Financial uses Fiserv’s “Prologue” Signature bank platform, “Accounts Payable,” “Prologue General Ledger” and “Output Solutions.”

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Alpha Card Merchants to Utilize m-Payment Terminal

Alpha Card Services’ merchant customers can now accept credit cards through the use of existing iPhone, Blackberry, or Android smartphones. According to Alpha Card Services, a mobile placement reader is required which enables credit card swiping, as well as a downloadable smartphone app dubbed QwickPAY. The company also reports that current Alpha Card merchants can request a no-charge mobile placement reader as part of their processing agreement. Alpha Card Services, a registered ISO/MSP of HSBC Bank, National Association Buffalo NY, was founded in 2000 as an agent- and merchant-friendly ISO.

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Merchant Perfect Now Offering m-Payment Processing

Merchant Perfect now lets its small business merchant clients process payments from their mobile device of choice. As an added incentive, for the rest of July, Merchant Perfect will donate $20 to the charity of choice for each new merchant that signs up. Many companies have found success by processing credit card transactions over the phone or through the mail. Processing payments is a key step in this process, which Merchant Perfect facilitates with its credit card processing solutions to ensure sound payment transaction.

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BluePay Streamlines Credit Card Processing

BluePay secure credit card processing solutions, makes it easy for merchants to accept multiple forms of payment no matter what industry they serve. From retail stores to restaurants, small businesses to enterprises, non-profits to B2B – merchants can improve their business with BluePay’s all-in-one payment processing accounts and data security solutions. BluePay lets merchants have just one company to call for all of their processing needs, including an advanced payment gateway. Retailers can count on BluePay for credit card terminals and end-to-end (E2EE) encryption services.

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PayZone Inks Partnership With First American Payment

First American Payment Systems electronic payment processors announced PayZone customized payroll is its newest referral partner. Now PayZone will refer its new and existing clients to First American. First American provides credit card processing, e-commerce solutions, customized gift cards, check processing, ACH processing, and ATM services. First American also provides merchants with multilingual customer service available 24/7, located a couple of blocks from headquarters in Fort Worth, Texas.

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Ascension Software Adds Android to Its Suite

Ascension Software integrated its “ORION” guest-service interface on the Android OS and placement of the first guest-service application on the Android Marketplace. This facilitates hotels offering room service, order amenities, receive concierge requests, and promote its personalized audio artwork tour via the ORION portal. Benefits include the ‘change once/update all’ feature using the web-based ORION admin tool, allowing change instantly ported to all supported ORION platforms. All existing ORION integrations also work on the Android application including POS, PMS and MMS systems that may already be installed at a hotel.

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Guardian Analytics introduces fraud monitoring managed service

Guardian Analytics behavioral analytics-based fraud prevention solutions introduced its “FraudDESK” monitoring managed service, offering short or long-term fraud analytics support and fraud expertise to any financial institution regardless of size, IT staff or fraud prevention resource availability. This allows institutions to deploy “FraudMAP” fraud prevention software to instantly protect 100 percent of online account holders from the widest array of cyber threats with no training and no staffing changes. FraudMAP provides the anomaly detection and transaction monitoring capabilities needed to meet the minimum expectations for online banking security established in the FFIEC Authentication and Internet Banking guidelines and combined with FraudDESK, can now be launched without staffing a new project, changing staff assignments or undergoing training.

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CO-OP Forges New ATM Contracts

Charles Street Community FCU and Four Flags Area Credit Union have contracted for SHARE SYSTEM from CO-OP Financial Services to help operate their ATM and debit card programs more efficiently and with real-time payment processing. SHARE SYSTEM from CO-OP provides ATM and debit card program support in implementations, adjustments/chargebacks, operations and training. SHARE SYSTEM clients also have access to CO-OP Network, providing members of participating credit unions with surcharge-free access to more than 28,000 ATMs throughout the United States, 9,000 of which are deposit-taking.

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Ground Labs to Present on Cardholder Data Discovery Innovation

Ground Labs is set to present insights on it’s unique cardholder data discovery technology at an Information Systems Security Association (ISSA) event in London. ISSA’s annual themed Security Day is titled “Security Innovations” and will be held on Thursday, July 14 aboard the HMS President on the River Thames in London. ISSA-UK members and non-members are invited to attend the event, where they will learn about innovative security solutions in the market. The presentation will provide some detailed technical insights into Ground Labs’ approach to cardholder data discovery and explain many of the shortcomings encountered when attempting to use traditional methods for this critical task.

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Papa John’s to deploy Andromeda POS for International Expanse

Papa John’s Pizza is set to deploy Andromeda POS software, Enterprise Reporting solutions and support across Europe, Middle East and Asia. This after having implemented the software in the UK and Ireland since 2005 and in Russia and Morocco since 2010. Andromeda was founded in 1999 to obtain customers on 4 Continents and 11 countries for Integrated Online Ordering, SMS dispatch notification, GPS driver tracking and Realtime store performance tools.

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