TNS Posts 4Q/10 Revenues Down 1.7% Y/Y, Up $2mm Q/Q

TNS total 4Q/10 revenue for was down 1.7% to $135.1 million from the year ago figure of $137.5 million. Adjusted earnings decreased 21.1% to $14.5 million, compared to adjusted earnings of $18.4 million in 4Q/09. Revenues from the Telecommunication Services Division decreased 3.0% to $66.3 million from 4Q/09 revenue of $68.4 million, thanks in part to acquisition of Cequint having contributed revenues of $2.3 million. However, revenue from the identity and verification services decreased 9.5%, or $2.9 million; revenue from network services decreased 3.2%, or $0.9 million; and revenue from registry services decreased 10.5%, or $0.8 million, due to a decrease of $1.1 million in TNS’ service order administration business which was partially offset by an increase of $0.3 million from IP registry services. TNS acquired Cequint on October 1, 2010 and has included their results in the Telecommunication Services Division from the dates of acquisition.

Details

PAX Appoints President and CEO of U.S. Operations

Andy Chau has been appointed President and CEO with PAX innovative electronic payment terminal products for its United States operations. He will direct and drive business activities in the United States for PAX POS solution providers. Bringing with him over 15 years of industry experience, Chau most recently co-founded and served as the CTO for SoundPOS which was acquired by a private investment firm in 2010 after having served as VP, technology at Hypercom. He holds a Master’s Degree in Information Technology from Harvard University, a Master’s Degree in Electrical Engineering from the University of Wisconsin at Madison and a Bachelor’s Degree in Computer Science from the State University of New York at Buffalo.

Details

Fiserv Acquires M-Com to Enhance mBanking and Payments

Fiserv has acquired Mobile Commerce (M-Com) nternational mobile banking and payments provider to enhance its existing mobile channel capabilities under undisclosed terms. This after having been partners since 2008 and jointly developing the “Mobile Money” from Fiserv to hundreds of financial institutions. GA-based M-Com was founded in 2000 and will accelerate the development of innovative solutions for clients currently shared with Fiserv. Fiserv will have the ability to integrate M-Com mobile banking and payment technology into current product offerings, as well as leverage that technology for transformative new solutions. Current M-Com clients will benefit from Fiserv’s digital banking and payments expertise, deep resources and ongoing investments in mobile financial services.

Details

Bangor Savings Bank Deploys Datacard Software

Bangor Savings Bank has implemented the Datacard “CardWizard” secure ID and card personalization solutions software for instant-issue MasterCard debit cards. This lets new bank customers become cardholders within hours after leaving the branch with their new debit card. Bangor Savings Bank is working with Datacard Group on a three-phase implementation that will consist of rolling out the “CardWizard” software to all 55 of its branch locations throughout Maine by mid-year 2011. Providing the personalized MasterCard debit cards in a matter of minutes to its customers, Bangor Savings Bank is utilizing the Datacard “FCP 20/20” card printer for brilliant, high-definition, full-color retransfer printing, approved by both Mastercard and Visa.

Details

Fiserv to Roll Out New Prepaid Solutions

Fiserv financial services technology solutions is expanding its digital payment portfolio and launching a new set of prepaid solutions. Fiserv will offer prepaid processing, turn-key program management, and support of general purpose reloadable and payroll cards for large financial institutions and corporations. Fiserv has acquired prepaid card processing and other technologies developed by Maverick Network Solutions, a Delaware-based provider of advanced prepaid and reward and incentive card programs. This next generation of prepaid allows Fiserv to add the convenience of reloadable, brandable cards to its payment networks such as “CheckFree” RXP, “ACCEL/Exchange,” “ZashPay” and “CheckFreePay.”

Details

i2c Prepaid Card Processor Expands Internationally

i2c prepaid and payment processing has expanded its global client roster on three continents, demonstrating the strong demand for the “My Card Place” (MCP) processing platform. Used by card issuers and program managers to quickly launch, grow and manage profitable prepaid card programs, MCP in Stockholm will serve payment acquirer servicing banks and merchants to manage prepaid payroll programs. In Central America, a leading bank card and merchant services provider based in Belize recently launched a program to bring prepaid cards to credit union consumers throughout the Caribbean. Also a Johannesburg-based ATM and prepaid card processor has partnered with i2c to upgrade its processing technology which is currently used to power some of the largest prepaid programs in South Africa.

Details

EastPay Awards its First Leadership in Payments

EastPay has presented its first-ever Leadership in Payments Award to Richard R. Oliver, Executive VP and Director of the Retail Payments Risk Forum of the Federal Reserve Bank of Atlanta. This recognizes his 38-year career consisting of his leadership in the advancement of electronic payments, having focused on providing efficient, effective, and secure e-commerce. The award was presented at EastPay’s Information Interchange 2011 conference. His early involvement in the ACH system led him through several trailblazing roles, and ultimately to a position that since 1998 has included leadership of the Fed’s check and ACH services nationwide. In this role, Rich has been an innovative guiding force, leading the Fed in its provision of efficient and reliable check and ACH services. Through the partnership he has developed with the NACHA community, he has helped the industry adapt to the growth and fast-evolving dynamics within the current ACH environment.

Details

Bill.com Launches Receivables Feature

Bill.com paperless bill management and payment has launched its “Bill.com Receivables,” available to all existing and new users looking to better manage their day-to-day financial operations online. Receivables more than doubles the business processes capable with Bill.com, letting users send custom invoices, collaborate with customers and receive electronic payments. This lets users email personalized invoices and send automatic reminders; create a branded “payment portal” for each customer, letting them make payments; and lets customers add bank account information to make ePayments and set up recurring payments. Customers can also pay via credit card.

Details

Fiserv Acquires Credit Union On-Line

Fiserv financial services technology solutions has acquired Credit Union On-Line (CUOL) credit union service organization that runs an outsourced version of the Fiserv “XP2” account processing solution. CUOL has been providing data processing solutions for credit unions since 1980. Most recently, it has focused on offering a hosted, ASP version of the latest release of the XP2 account processing solution. It is the first data center to leverage XP2 in a service bureau environment and has developed proven techniques to maximize the efficiency of delivering the advanced account processing solution in this model.

Details

ControlScan Furthers Commitment to PCI Compliance

ControlScan PCI compliance solutions is renewing involvement with the Electronic Transactions Association (ETA). The ETA Certified Payments Professional Item Writers Task Force is responsible for developing, reviewing, editing and approving test questions for the Certified Payments Professional credentialing examination. Over the course of four-six months, the committee will work under the direction of a professional certification expert to develop and beta test sound, valid and reliable exam questions. Meanwhile, its Education Committee is responsible for identifying, developing and reviewing program content for seminars, training sessions, workshops and ETA University curriculum.

Details

Heartland Payment Offers Acculynk Internet PIN Debit

Heartland Payment Systems has partnered with Acculynk to provide “PaySecure” Internet PIN debit solution to its Internet merchants. The software-only service lets customers use his/her debit card and bank-issued PIN to pay for online purchases. Available to existing and prospective Heartland merchants by 2Q/11, the service uses its graphical PIN-pad for the secure entry of a consumer’s PIN. Transactions are processed using a merchant’s existing payment processor connections.

Details

VSoft Enters Second Decade of Credit Union Service

VSoft Corporation process improvement solutions for financial institutions has entered its second decade of providing payment solutions to credit unions. Its solutions enhance credit union efficiency throughout branch networks, remote deposit channels, and central operations. Over the past 10 years, VSoft has partnered with both credit unions and credit union processors. These long-term partnerships have resulted in VSoft solutions serving more than 1,500 credit unions and their members nationwide.

Details