Hypercom Posts 4Q-FY/10 Revenue Up & Up

Hypercom posted 4Q/10 and FY/10 fiscals with 4Q/10 revenue of $140.7 million for a 20% increase over 4Q/09. For the quarter, the Company also posted $48.1 million in gross profit (34.2% of revenue) from the year ago figure of $36.8 million and $40.1 million in 3Q/10. For the full year, net revenues increased 15% or $61.5 million from $406.9 million in 2009 to $468.4 million in 2010. Non-GAAP operating income in 2010 increased to $36.7 million from $17.3 million in 2009 and non-GAAP net income before discontinued operations increased from $11.8 million to $27.2 million in 2010.

VeriFone Systems will acquire Hypercom in an historic all-stock transaction, approved by Hypercom stockholders on February 24 and should close in 2H/11, but is subject to the satisfaction of applicable regulatory approvals and other customary closing conditions.

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Retail Sales See Growth, Smallest in Months

MasterCard Advisors “SpendingPulse” macroeconomic report provided summary results for performance of specific U.S. retail industries in February 2011. Maintaining the positive performance that began in fall 2010, the report indicated total Apparel sales grew by 6% over February 2010, making for seven straight months of growth, albeit the smallest growth since September. Meanwhile, the Furniture sector showed a 4th consecutive month of positive growth with February growing 4.0% compared to February 2010. This is the longest streak of positive growth for the sector since the Spring of 2007, thanks in part to a positive President’s Day holiday. February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period, as e-Commerce saw the most growth for its fourth consecutive month of double-digit growth up 13.2%, slightly higher than January’s 12%. Online Total Apparel grew by 13%, marking the 15th straight month of double-digit increase. There was double digit growth in every sub-category of apparel with the exception of women’s clothing which still grew by 7.7%. Valentine’s Day being one of its most important occasions for Jewelry purchases, Jewelry e-Commerce posted year-over-year growth of 7.2% after January’s 9.2% decline. Electronics e-Commerce grew by 5.4% in February, its sixth straight month of growth, albeit at a slightly lower rate than in January.

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Galileo Processing Launches Cloud Computing Payment Processing

Galileo Processing financial payment processing has introduced its new suite of solutions for payment card issuing banks and payment card program managers. The solutions implement cloud computing on required levels of security, performance, availability and regulatory compliance. With Galileo Cloud Processing, each client has a dedicated virtual environment that is not shared with any other client for intellectual property and program innovation preservation. Galileo supports more than 1,000 programs throughout the United States and Canada.

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TMG Launches Location Based Payment

Dwolla mobile and social payment platform supported by The Members Group (TMG) has unveiled its “Dwolla Spots” location-based payment technology. This lets users pay for goods or services on-site for a flat transaction fee of 25 cents for a convenient and inexpensive way to exchange money on location from a mobile device. The Dwolla user selects the new Spots tab from within Dwolla’s mobile application to pay merchants on a location-based map and entering the transaction amount. The “Dwolla Spots” solution is exclusive to the Apple iOS and will be released later this month in the Apple App Store.

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Sysnet Obtains PFI Status

Sysnet Global Solutions is now an approved Payment Forensics Investigator (PFI), confirmed by the PCI Security Standards Council (PCI-SSC), and subsequently listed on the PCI-SCC website as such. The PCI Security Standards Council’s PFI program establishes and maintains the rules and requirements regarding eligibility, selection and performance of companies that provide forensic investigation services to ensure they meet PCI Security Standards. The PFI program aims to help simplify and expedite procedures for approving and engaging forensic investigators. The PFI list will replace the previous ‘QFI’ list as of March 1, 2011. After March 1, the card brands will only accept forensic reports from companies that are on the PFI list.

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Ideal Financial Updates on Processing Program

Ideal Financial Solutions “Ideal Merchant Services” (IMS) program allows individuals to offer discounted credit card processing to vendors with whom they already do business and to enjoy commissions in perpetuity on transactions made by the business. The “IMS” solution reduces fees associated with credit card processing for the vendor for more than 100 active agents. In January, business increased 200% versus the previous month, February was 250% more than January and March projects at a 300% improvement over February.

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Mitek Systems Check Enrollment App

Mitek Systems has introduced its “Mobile ACH Enrollment” application for mobile payments companies to offer consumers a convenient way to enroll their checking accounts. The “Mobile ACH Enrollment” lets users implement their checking accounts as funding sources for mobile payments quickly by taking photos of blank checks with their smart phone cameras. Consumers can connect their checking accounts to their mobile-payment solutions by typing in a complex set of numbers shown on their checks via their smart phone keypads. These strings of numbers often confuse and frustrate consumers to the point that they either abandon their attempted mobile transactions or enter the digits incorrectly.

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ThreatMetrix to Showcase Online Fraud Prevention

ThreatMetrix fraud prevention solutions that do not require personally identifiable information (PII) is set to present on mobile commerce fraud during the Merchant Risk Council Annual e-Commerce Payments & Risk Conference March 22 – 24 in Las Vegas. ThreatMetrix serves over 350 customers in e-commerce, financial services, payments, social networking/Web 2.0, affiliate marketing and government. On a daily basis, the company’s ThreatMetrix Fraud Network profiles over 15 million devices and screens hundreds of thousands fraudulent transactions. The 2011 MRC conference is focused on helping companies address online payment risks, utilize new global online payment strategies, and increase operational efficiencies in e-commerce.

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Strangeloop Partners with Exclusive Concepts, Speed for Yahoo! Merchants

Strangeloop website acceleration solutions has partnered with Exclusive Concepts to offer its proprietary Site Optimizer service to Yahoo! store merchants worldwide. Yahoo! “Merchant Solutions” hosted platform for ecommerce stores is a partner to Exclusive Concepts online stores seeking to convert online shoppers into loyal buyers, provides a breadth of marketing services – from advanced search engine marketing to conversion testing – to more than 800 merchants around the world. As an authorized Yahoo! partner, Exclusive Concepts will be the exclusive provider of Strangeloop’s website acceleration technology to this market. The Strangeloop Site Optimizer is an automated web performance optimization solution that functions at the scale demanded by global ecommerce sites and enterprise applications. Through partners like Exclusive Concepts, Site Optimizer can be offered as a hosted service, making Strangeloop’s advanced optimization technology accessible to businesses of all sizes.

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Phoenix Partners with InTechnology

Phoenix Managed Networks POS has inked agreements with UK-based InTechnology IT service providers for plastic card transaction delivery. This lets Phoenix use InTechnology’s next generation infrastructure to provide highly reliable and cost-effective data communications services for transaction-based applications to retailers and financial institutions. It also marks Phoenix Managed Networks’ first initiative to penetrate the European market.

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