DynamicOps Secures Venture Funding, Expands Executive Team

DynamicOps private cloud automation software has closed $11 million in venture funding led by Sierra Ventures. Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its executive team, and Mark Fernandes to its board of directors. With the help of its expanded executive team, DynamicOps will use the capital from its B round to fund global sales, marketing and development of its private cloud automation solutions. As Chief Marketing Officer, Les Yetton is responsible for facilitating DynamicOps growth and market leadership, directing product management, product marketing and marketing communications and brings with him over 25 years’ experience leading and building companies in emerging, high-growth markets. Paul Silver brings more than 25 years of experience in expanding high-tech businesses to international markets to the newly created role of VP of Sales, Europe at DynamicOps. Mark Fernandes joins DynamicOps’ board of directors and is focused on software investments, and has served on the boards of companies including Sourcefire, Opalis Software and Frontbridge Technologies and Net6.

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Netbiscuits Addresses Growing mPayments Market

Netbiscuits cloud software service for cross-platform development publishing and monetized mobile sites and apps on its “Mobile Web Metrics Report”. Offering up-to-date information on the HTML5 capabilities of top devices in the USA, the UK, Germany, Malaysia and Australia. In addition, the report contains data on the market share of relevant smartphone operating systems on a global, regional and per-market basis and sheds some light on the ratio between dominating versus Long Tail devices on all levels. The information is based on metrics generated from over 4.5 billion mobile pages requests processed by Netbiscuits’ mobile publishing platform every month.

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PacketMotion Delivers Healthcare Data Protection

PacketMotion User Activity Management (UAM) solutions is deploying its “PacketSentry” UAM solution to address Health Insurance Portability and Accountability Act (HIPAA) compliance regulations. PacketMotion’s “PacketSentry secures PHI and healthcare organizations improve their compliance efforts around important regulations in the healthcare industry, including HIPAA, the HITECH Act, PCI DSS, SOX, and state disclosure laws. With advanced HIPAA reporting capabilities that cut audit report preparation from a week to a matter of hours, PacketSentry delivers a comprehensive solution for healthcare compliance that spans all major databases and platforms, including legacy applications that lack proper audit controls.

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Commonwealth Bank Deploys NetBank for Android

The Commonwealth Bank has released its NetBank mobile banking app for Android smartphones to customers. After originally introducing a mobile banking platform two years ago, the application is now on the Android platform allowing users to customize screen sizes, resolution and processing times. The popularity of NetBank mobile banking has grown significantly since the iPhone mobile banking launch, the Commonwealth Bank executive general manager for direct channels.

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OTI Expands MediSmart Expands With 100,000 New Cards

On Track Innovations contactless smart card solutions has received an additional order for 100,000 MediSmart healthcare biometric ID cards for use by Kenyan-based Smart Applications International (SMART) healthcare solutions. To date, some 200,000 MediSmart cards have already been issued by SMART and more than 2,000 contactless smart card readers and other device points of service have been deployed at hospitals, pharmacies and general practitioner sites across Kenya. MediSmart, developed by a team of healthcare industry experts at OTI with system process design support by SMART, provides complete medical history, biometric identification (photo and fingerprints) and co-payment options.

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Diebold Expands ATM Deployment with Baloise Bank

Baloise Group insurance companies is set to replace 40 of its Baloise Bank SoBa ATMs with Diebold machines to run on “Agilis” software. Deployed as part of the agreement is the “Opteva” 562 and 522 models, and the 760 and 720 advanced-function ATMs equipped with the enhanced note acceptor (ENA), enabling cash deposit functionality. The ENA enables the deposit of up to 50 mixed-denomination notes in an easy, envelope-free transaction that authenticates and validates deposits, quickly and accurately. The “Opteva” ATMs provide a level of service closer to a branch experience by enabling additional functionality, including deposit automation, advertising and other advanced banking transactions.

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Euro Area Economic Index Up .5% in January

The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.5% in January to 107.5 after a 0.7% increase in December and a 0.7% increase in November. The CEI for the Euro Area, which measures current economic activity, remained unchanged in January at 102.6 (2004 = 100) following an increase of 0.1% in November. The eight components of The Conference Board Leading Economic Index® for the Euro Area include Economic Sentiment Index (source: European Commission DG-ECFIN) Index of Residential Building Permits Granted; Index of Capital Goods New Orders; EURO STOXX Index; Money Supply (M2); Interest Rate Spread; Eurozone Manufacturing Purchasing Managers’ Index; and Eurozone Service Sector Future Business Activity Expectations Index.

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Verifone to Supply McDonald’s Card Payment & Settlement

VeriFone will supply its “PAYware Merchant” card payment and settlement hosted service to Arcos Dorados McDonald’s brand across Latin America. Initially with 220 McDonald’s restaurants in Argentina and Uruguay, the “PAYware Merchant” will be integrated with a proprietary POS system to accommodate card payment processing at the point of sale. Arcos Dorados has also contracted to lease VeriFone card acceptance systems and will offer individual restaurants either the VX 810 PINpad or MX 870 multimedia payment system. This will allow customers to swipe their cards on a VeriFone acceptance device connected to a cash register. The cash register POS then passes the transaction to PAYware Merchant, which handles payment processing authorization and settlement between the acquirer and the restaurant system.

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Visa Tourism Spending up 10%

Canada saw a 10% increase in spending by international
travelers using their Visa cards in 2010. The tourism industry in Canada saw a 10% spending
increase from $5.8 billion in 2009 to $6.4 billion in 2010, thanks in part of course to the
Olympic and Paralympic Games in February and March.
Travelers spent $3.1 billion on general retail purchases, which represented 48% of all Visa transactions by
international travellers in Canada during 2010. Other major merchant
segments included lodging ($932 million), restaurants ($463 million) and
other travel and entertainment ($242 million).
With this, U.S.
travellers spent $3.5 billion within the country, those from the United Kingdom spent $359M; France $316M; China $229M;
Australia $167M; Japan $138M; South Korea $134M; Brazil $117M; Germany $112M; and Hong Kong $106M.

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2010 Bankruptcies Up 8% Y/Y, Jan Filings Down 22% M/M

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total bankruptcy filings were up 8% in 2010 from the the prior year, totaling 1,593,081 for the 12-month period ending Dec. 31. This compared to the 2009 figure of 1,473,675. Of the 2010 filings, 1,536,799 were consumer filings-for a 9% increase over the 1,412,838 filings recorded during the same period in…

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Hypercom Shareholders Approve Verifone Merger

It’s almost official; Hypercom stockholders have approved merger agreements with VeriFone Systems. The merger agreement and merger were approved by more than 99% of the shares voted, which constituted approximately 80% of the total number of shares outstanding as of the record date for the special meeting. The proposed merger was announced on November 17, 2010, and is expected to close in the second half of 2011, pending the satisfaction of applicable regulatory approvals and other customary closing conditions. With its first bid having been rejected September 27, VeriFone Systems will acquire Hypercom electronic payment and digital transactions solutions provider. Under a definitive agreement, VeriFone will acquire Hypercom in an all-stock transaction valued at approximately $485 million, unanimously approved by the boards of directors of both companies, Hypercom shareholders will receive a fixed ratio of 0.23 shares of VeriFone common stock for each Hypercom share they own, valued at approximately $7.32 per share based on the closing price on November 16, 2010. Verifone immediately began drafting a second buyout offer after the first bid was rejected, which proposed to acquire all of the outstanding Hypercom shares for $5.25 per share in cash for a total of $290 million. Hypercom quickly responded with its rejection thanks to its projections of a prosperous 3Q/10 high above Wall Street predictions of $112 million in net revenues. Subsequently, shares in Hypercom exploded 44% to $6.10, immediately overvaluing the VeriFone proposal. The Board decided this proposal is only intended to disrupt Hypercom operations after having taken market share from VeriFone in several markets. The acquisition is anticipated to close in the second half of 2011(Cardflash Library 2010-11-17).

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Ceridian Corporation Names President of Comdata

Steve Stevenson has been named president of Comdata Corporation by Ceridian payroll outsourcing, workforce management, employee benefits administration and electronic payment services. Most recently CFO for National Processing Company payment processing services, Stevenson was previously CFO at Elavon payment solutions organization and subsidiary of U.S. Bancorp. He is a graduate of Georgia State University, a certified public accountant and earned an MBA from Dominican University in River Forest, IL.

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