Local consumers hungry for Daily Deals are breathing new life into the newspaper industry with new sources of revenue, according to tracking reports from Monster Offers, a leading mobile banking solutions provider and Daily Deal aggregator. Monster Offers industry tracking finds that daily deals were purchased by more than 250,000 customers in March alone. Paid subscribers to local newspapers offering Daily Deal programs are estimated to include an audience greater than 18 million households. Top-performing newspaper programs can generate hundreds of thousands of Daily Deal revenue on a monthly basis.Details
Baldwin Hackett & Meeks (BHMI) high-volume transaction processing solutions released its video and web site for the Concourse Financial Software Suite for back office processing for electronic payment transactions such as credit, debit, ATM, point of sale, and prepaid. The video and web site describe the four primary business services that comprise the Concourse Financial Software Suite, which can be implemented as stand-alone products or as an integrated solution. Concourse continuously loads transactions from a wide range of data sources and begins processing the data as soon as it arrives, alleviating the end-of-day pressures associated with traditional batch systems while the Concourse business rules allow companies to invoke custom methods of transaction processing with no code changes or software outages.Details
Trunkbow International Mobile Payment Solutions (“MPS”) and Mobile Value Added Solutions (“MVAS”) in the PRC, announced that it has entered a strategic cooperation agreement with Hangzhou Icafe Technology Internet cafe desktop application services to offer mobile payment applications and services for Internet cafe owners and individual users. Trunkbow will integrate its mobile payment solutions into Icafe’s Internet cafe-based entertainment platform available to 50 million paying users visiting 90,000 Internet cafe locations The mobile payment solutions include a desktop application enabling various payment transactions to be made over the Internet, as well as mobile payment-enabled Point of Sale (POS) technology.Details
IT Governance Publishing announced that the PCI DSS v2.0-compliant version of the established PCI DSS Toolkit is meeting increased demand as compliance pressure on merchants mounts. Banks are increasingly pressuring merchants, who accept payment cards, to get themselves PCI DSS compliant. ITGP upgraded its existing toolkit to reflect the revised requirements of PCI DSS v2.0 in October 2010 and, since then, the Toolkit has been helping a steady stream of smaller e-commerce merchants and service providers to become PCI compliant. The PCI DSS Documentation Toolkit v2.0 is specifically designed to help payment card-accepting organisations quickly create all the documentation required to affirmatively answer the requirements of the PCI DSS Standard as set out in the Self Assessment Questionnaire (v2.0).Details
Bank Machine is issuing coupons through an undisclosed number of its ATMs as part of a pilot program. The ATMs issue cents-off coupons for Mars candy bar and are separate from the receipt cardholders receive for cash withdrawals. The coupon is issued after a cardholder withdraws funds from the ATM and can be used to purchase some Mars candies at discount usually inside the store where the ATM is deployed. Cardtronics is planning a similar coupon pilot with some of its ATMs in the United States. Houston-based Cardtronics operated 18,870 ATMs at the end of the first quarter.Details
Moneygram posted 1Q/11 revenue with a total revenue up 3% to $294.0 million, compared with the year ago figure of $286.5 million, while total fee and other revenue was up 3% to $290.0 million from $280.9 million in the first quarter of 2010. This was due in part to money transfer transaction volume growing 14%, thanks to a 17% year-over-year increase in non-U.S. sends.
Also with global agent locations having increased 18% over the year ago number of locations to 233,000, MoneyGram increased total revenue for the Global Funds Transfer segment 5% to $269.8 million from the year ago figure of $256.7 million. The segment reported operating income of $26.4 million and an operating margin of 9.8% while money transfer transaction volume increased 14%, with fee and other revenue increasing 8 percent to $239.6 million in the first quarter of 2011 compared with 1Q/10 figures of $222.7 million.
Additional disclosures indicate the cash-to-account program was introduced in the Philippines with Banco de Oro, enabling consumers to transfer money from select MoneyGram locations in the United States, Malaysia, Greece and Hong Kong directly into the bank accounts of recipients in the Philippines; its presence in Brazil with the addition of super agent OM D.T.V.M., which launched MoneyGram’s services at sub-agent locations throughout the country; and forged agreements with InComm for implementation of the MoneyGram “Xpress” in-lane money transfer product. InComm will assist MoneyGram in the distribution and activation of MoneyGram Xpress packages, which will be available to U.S. consumers in select outlets in InComm’s network of more than 225,000 retail locations.Details
Bluepoint Solutions remote deposit capture, item processing and enterprise content management solutions for financial institutions posted 1Q/11 as the best first quarter in company history due to having signed eight new financial institutions and expanding nine current relationships. The eight new “ImagePoint” contracts for check capture and item processing generated significant revenue for the Company and offers client institutions aggregated check images from branch, teller, ATM, merchant, home and mobile capture points to create electronic cash-letters for transmission to any endpoint. Also the Company’s “QwikDeposit ToGo” lets users deposit checks with a camera-equipped smartphone for anytime, anywhere deposits.Details
[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With a 1Q/11 income from continuing operations of $2.5 million, Diebold posted a revenue of $614.2 million, down 0.8% from 1Q/10. This includes a net positive currency impact of approximately 2%. Growth in the Americas was more than offset by a revenue decline in Asia Pacific, where seasonality continues to shift…Details
Bell ID smart token management solutions has joined the Smart Card Alliance non-profit organization for the adoption of smart card technology in North America. This follows the release of its white paper ‘Six Myths Preventing EMV Migration in the U.S.’ late last year, which highlights the inevitability of the U.S. transiting to EMV-based payments technology, which concluded migration to EMV may come sooner than expected. This development allows Bell ID to increase its visibility and further develop relationships with industry players through active involvement within meetings, events and outreach activities and will be allowed to exhibit at upcoming SCA conferences.Details
First National Bank of Omaha and Grand Ole Opry launched the Grand Ole Opry Visa Card Program with experiential rewards for country music fans. Such rewards include Opry tickets, hotel stays, VIP backstage passes and even the ability to sit onstage during a live performance. Opry cardholders will earn two points for every dollar spent on qualifying transactions at all Gaylord Entertainment properties including the Grand Ole Opry, the four Gaylord Hotels, Ryman Auditorium, General Jackson Showboat and Wildhorse Saloon and one point per dollar spent outside of Gaylord Entertainment properties.Details
Green Dot prepaid financial services is now a Higher One payment services company cash transfer partner, allowing Higher One “OneAccount” customers conduct cash transfers into their accounts with the Green Dot “MoneyPak.” The Higher One OneAccount offered through Higher One’s bank partner, The Bancorp Bank, Member FDIC, enables students to receive their residual financial aid faster, manage their money online in relevant and responsible ways, and use a Debit MasterCard to make purchases anywhere MasterCard is accepted. The Green Dot MoneyPak allows Green Dot cardholders and Green Dot partner customers to instantly transfer cash to other accounts, including the Higher One OneAccount. Green Dot MoneyPak is available at approximately 55,000 retail locations nationwide.Details
Visa released a set of mobile acceptance best practices for merchants, software developers and device manufacturers who are using consumer mobile devices, such as smartphones and tablet computing platforms to facilitate the acceptance of card payments. Visa best practices call for encryption and tokenization of cardholder data and are designed to foster a better understanding of the merchant and service provider responsibilities related to securing cardholder data when a mobile phone is used as an acceptance device instead of a traditional terminal. These best practices are intended for mobile acceptance application and software solution providers as well as merchants who use these solutions. The guidance advises encryption of all account data including at the card-reader level and in transmission between the acceptance device and the processor and to enable truncation or tokenization of card numbers, allowing the merchant to identify the cardholder without storing the full account data.Details