Planet Payment payment and data processor announced 3Q/10 total revenue was up 32% to $15.5m from the year ago figure of $11.7m with multi-currency revenue up 47% to $12.5m from the year ago figure of $8.5m. Gross profit for the period was up 22% to $5.0m from $4.1m in 3Q/09 while adjusted EBITDA for the quarter increased to $0.4m from $0.2m in Q3â09. On a GAAP basis, net loss narrowed by 44% to ($0.4m) compared to the Q3â09 loss: ($0.8m), and also narrowed by 47% sequentially over the prior quarter (Q2â10 loss ($0.7m). Planet Paymentâs revenue growth reflects an increase in transaction processing volumes thanks to its 46 banking and processing customers having continued to roll out Planet Paymentâs solutions in sixteen countries as reflected by the addition of 3,800 active merchant locations for a 39% increase from the year ago period. This is also a reflection of the Company having expanded debit card processing with the certification of Maestro for the Middle East and Africa; complementing Planet Paymentâs support of VISA Debit and Interac in Canada; and adding EMV support for online PIN entry for the Middle East and Africa.Details
Dynamics “Card 2.0” technology has been named the 2011 International Consumer Electronics Show (CES) Best of Innovations Winner for Personal Electronics. CES is the worldâs largest consumer technology tradeshow and is sponsored by the Consumer Electronics AssociationÂ®.
âThis is just the beginning. We will continue to deliver innovative and exciting functionality to the consumer.â
Products entered in this prestigious awards program are judged by a preeminent panel of independent industrial designers, engineers and members of the media to honor outstanding design and engineering in cutting-edge consumer electronics products across various categories. Best of Innovations winners are products that received the top score in their respective category.
Dynamicsâ core technology, Card 2.0Â®, is a paper-thin, flexible computing platform in a payment card form factor. The device includes the Electronic Stripeâ¢ — the worldâs first fully card-programmable magnetic stripe. The Electronic Stripeâ¢ can be read at any existing point-of-sale (POS) magnetic stripe reader. The device itself can change any bit of information on this programmable stripe at any given time. The device is as durable as a traditional payment card and will last over four years on a single battery charge. The technology does not require any change to the 60 million 1970s-era magnetic stripe readers or reeducation of its merchant base.
âWeâre humbled to receive this prestigious award from CES and excited at the personal connection our technology made with this best-in-class judging panel,â said Jeffrey Mullen, CEO of Dynamics Inc. âThis is just the beginning. We will continue to deliver innovative and exciting functionality to the consumer.â
Dynamics Card 2.0Â® will be exhibited at the 2011 International CES, which runs Jan. 6-9, 2011 in Las Vegas, Nev. The product will also be included in the Innovations Showcase in the grand lobby of the Las Vegas Convention Center and will also be featured at CES Unveiled: The Official Press Event of the International CES on Tuesday, Jan. 4.
About the Award
The prestigious Best of Innovations awards have been recognizing achievements in product design and engineering since 1976. The Best of Innovations entries are judged on the following criteria:
-Engineering qualities, based on technical specs and materials used
-Aesthetic and design qualities
-The productâs intended use/function and user value
– Unique/novel features that consumers would find attractive
-How the design and innovation of the product compares to other products in the marketplace
-Products chosen reflect innovative design and engineering of the entries. Examples may include the first time various technologies are combined in a single product or dramatic enhancements to previous product designs.
More information on the award can be found at www.CESweb.org/Innovations.
About Dynamicsâ Technology
Countless applications can be realized with the Card 2.0Â® platform technology and are referred to as Payments 2.0Â® applications. Payments 2.0Â® applications include:
MultiAccountâ¢: The device includes two buttons on the face of a card. Next to each button is a printed account number and a light source. A user can select an account by pressing one of the buttons. The card visually indicates the selection by turning ON the light source associated with the selected account. Additionally, the magnetic-stripe information associated with the selected account is written to the Electronic Stripeâ¢.
Hiddenâ¢: The device includes five buttons on the face of a card and a paper-thin flexible display. The display hides a portion of a cardholderâs payment card number. To turn the device ON, a user must enter a personal unlocking code into the card. If the user enters in the correct unlocking code, the card will then visually display the userâs payment card number so that the user can read the number for online transactions. The Electronic Stripeâ¢ is then populated with the correct magnetic information so that the card can also be used with magnetic stripe readers. After a period of time, the display turns OFF and the Electronic Stripeâ¢ erases itself â thus removing all critical payment information from the surface of the card. If the card is lost or stolen, the card is essentially useless.
Redemptionâ¢: The face of the device is printed with a single credit account number and includes two buttons with associated light sources. A user can choose whether to use points or use credit at the point of sale by pressing the appropriate button. The card will then visually indicate the selection by turning ON the light source associated with the selected option. The magnetic-stripe information associated with the payment option is then written to the Electronic Stripeâ¢. The card can then be swiped at any magnetic stripe reader.
Dynamic Credit Cardâ¢: A unique security code is written to the Electronic Stripeâ¢ every time the card is activated. A display may be added to the card such that a unique security code is also displayed every time the card is used. These displayed and in-stripe security codes eradicate fraud associated with stolen, or âskimmed,â intangible card numbers.
About Dynamics Inc.
Dynamics Inc. was founded and seeded in 2007 by Jeff Mullen, its CEO. Dynamics produces and manufactures intelligent powered cards such as advanced payment cards. Focused on introducing fast-cycle innovation to top card issuers, the company’s first commercial application is the world’s first fully card-programmable magnetic stripe for use in next-generation payment cards. The company has won many of the world’s most prestigious international business plan competitions, including the Rice Business Plan Competition, Carnegie Mellon McGinnis Venture Competition and the University of San Francisco Business Plan Competition. The company recently won DEMOgod and the $1M People’s Choice Award at Demo Fall 2010 and Best of Show at FinovateFall 2010. Dynamics is backed by Adams Capital Management and is headquartered in Pittsburgh, Pa., with offices in Silicon Valley and New York City. More information on the company, its technology and applications can be found at www.poweredcards.com.Details
Doug MacIver, Director of Channel Development for InfoTouch announces the launch of their newest InfoTouchÂ® website offering award winning Point-Of-Sale (POS) software solutions to retail business establishments.
âThis is a rapidly growing market for InfoTouch because we are filling a unique niche for many quick service restaurants, cafeterias and retailers with this launch. In the last few months this has become one of our best selling software platforms for both Store Keepers POS and Sore Manager POS.â
The InfoTouch Market website features Point-of-Sale (POS) software solutions for a wide variety of retail, restaurant and cafeteria businesses. InfoTouch POS software, Store Keeper POS, and Store Manager POS now provide, as a standard feature, an easy POS interface for calculating any items sold by weight directly to the POS system. Additionally, the system can read UPC bar codes from stand alone existing scales.
The unique seamless interfacing with scales, sophisticated menu tracking, and a kitchen receipt printer are all standard features with InfoTouchâs award winning POS software system. All InfoTouch systems come with the ability to store sales histories, track and manage inventory in real time, manage employee time cards, execute email marketing blasts to the customer base and a perform a variety of sophisticated customer loyalty programs.
Keith Neerman, president of InfoTouch, commented âThis is a rapidly growing market for InfoTouch because we are filling a unique niche for many quick service restaurants, cafeterias and retailers with this launch. In the last few months this has become one of our best selling software platforms for both Store Keepers POS and Sore Manager POS.â
Doug MacIver, Director of Channel Development said, âThe InfoTouch Market website is added to the family of websites already launched for Liquor Stores, Pet Stores, Salons and Spas and will expand our footprint of cost effective solutions to small and midsized businesses nationwide.â The unique scale interface is a game changer for thousands of business owners. It allows the user to seamlessly integrate at the POS. From scrap iron to soft yogurt, farmers markets to candy stores and from cafeterias to meat markets all these can now be served with the InfoTouch Market platform.
InfoTouch is proud to welcome PAR Tech as a new hardware partner to the InfoTouch Market software platform. PAR has more than 50,000 hospitality installations in 110 countries and now can be offered by the over 200 InfoTouch registered dealers throughout the United States.
Doug MacIver would welcome your inquiries at anytime by email or phone, to discuss your business needs.Details
With the holidays approaching, K1 Speed, the nation’s largest indoor go kart racing company, is launching a range of year-end specials for racing enthusiasts throughout the Southern California and Pacific Northwest area. Offering individuals the opportunity to purchase races at greatly reduced rates, K1 Speed’s holiday gift cards are ideal not only as gifts, but also for end-of-year corporate events, team building exercises, and company parties.
K1 Speed’s facilities in Southern California and Washington State allow novice and veteran drivers alike to experience an authentic racing atmosphere; with high performance electric go karts and large indoor kart tracks made up of challenging hairpin turns and long straights, racers from a variety of backgrounds can test their mettle and hone their skills behind the wheel. When not on the track, racers can take advantage of spacious lobbies, which feature video game areas, fully stocked Pit Cafe, official racing memorabilia, and comfortable seating areas with club-like lighting, large projection screens and plasma televisions.
The gift cards – which can be redeemed at any of the company’s six indoor karting centers in Carlsbad, Anaheim, Torrance, Ontario, Irvine, and Redmond – offer discounts of nearly 50 percent off the standard price:
1 Race with license only $20 – a $25.95 value
3 Races with license only $50 – a $65.95 value
8 Races with license only $100 – a $165.95 value
New racers to K1 Speed also have their performance analyzed by the live K1 Speed Race Scoring timing system, which is integrated with every K1 Speed location. Racers are able to see first-hand how their performance stacks up against the more than 700,000 racers who have competed at other K1 Speed locations. The scoring system provides valuable data on lap times and overall rank, and is a great tool for individuals who want to track their performance and progress on return visits.
Individuals interested in purchasing K1 Speed’s holiday gift cards can do so at k1racegear.com or by contacting their local K1 Speed indoor karting center for more information.
For more information, visit http://www.K1Speed.com
Hiller’s Markets has successfully launched the first digital coupon platform that does not rely on any additional in-store infrastructure or hardware within the store headquarters. The new POS Digital Coupon technology is powered by M-Dot Network, a digital incentive processing company providing retailers with an enterprise platform for managing the issuance, precision marketing and real-time redemption of digital coupons and offers.
Hiller’s Markets new program, marketed as Click And Save at Hiller’s (C.A.S.H.), enables shoppers to receive digital coupons via the retailer’s web site or their mobile phone. Coupons are made available from Hiller’s and multiple third party coupon issuers, including AOL ShortCuts.com, Valassis’ RedPlum.com, News America’s SmartSource.com, CellFire and OnIX. Shoppers register for service online or on their mobile phone. Just about any mobile phone with data service can be used.
Once registered, Hiller’s shoppers can find and select coupons via the retailer’s web site or their mobile phone. Selected coupons are stored in a digital wallet and can be viewed at anytime. At checkout, a Hiller’s shopper can instantly redeem their coupons just by entering their home or mobile phone number into the credit card payment device. No loyalty card is needed.
Coupons are then electronically matched against the shopper’s purchases and automatically deducted from their bill. M-Dot Network’s round trip transaction speed is 200-700 milliseconds on large scale national implementations, a number achieved by a recent test by IBM Retail Services. The M-Dot Network platform is completely unique in its ability to quickly process digital coupons in sub-second response time without requiring additional hardware, networks or other infrastructure to be installed in a retailer’s store or headquarters.
According to Bill Catania, CEO, M-Dot Network, “The M-Dot Network application is seamlessly integrated on the Retalix ISS45 Version 8 point of sale base code; Hiller’s did not have to create any custom code or integration points whatsoever. M-Dot offers a secure, real-time transaction network connecting Internet and mobile based applications to retail point of sale systems. The network utilizes existing in-store systems with no need for additional in-store hardware or infrastructure.”
M-Dot Network has built an open standard and secure platform with an API for integrating virtually any Mobile or Internet-based content provider with a retailer. “M-Dot Network removes the pain points for retailers by providing a single point of integration, centralized security and compliance, and a common method of redeeming incentives that simplifies the shopping experience for Hiller’s customers,” said Jim Hiller, CEO, Hiller’s Markets.
To learn more about M-Dot Network please visit mdotnetwork.com.
About M-Dot Network
M-Dot Network, a retail technology company, provides retailers with an enterprise platform to manage their digital coupons and incentives. The M-Dot Network connects retailers, digital coupon issuers and shoppers, eliminating paper coupons, speeding up check-out lanes, expediting the reimbursement of coupons to retailers and reducing coupon fraud. M-Dot’s digital transaction network provides real-time connectivity between Internet and mobile based technologies to in-store point of sale systems for the purpose of enabling real-time redemption of digital coupons and incentives.
LaserCard Corporation, a leading provider of secure ID solutions, announced that Robert DeVincenzi, president and CEO of LaserCard, will speak about the emergence of advanced multi-technology ID solutions at the CEO & Investors Forum at ID World 2010 in Milan, Italy. DeVincenzi will participate in the Emerging Technologies session, to be held at 11:15 a.m. on Tuesday, Nov. 16.
âBased upon LaserCardâs success in this area, we see multi-technology IDs as a powerful new breed of solution that enables customized, multi-purpose programs with many potential benefits.â
During his presentation, DeVincenzi will highlight the emergence of highly secure, multi-technology ID systems as cutting edge integrated ID solutions. Multi-technology secure IDs are attracting increased interest from governments worldwide as they seek to combine multi-functionality with the best attributes of todayâs secure ID credentials: high security, durability, and ease of authentication â even without electronic readers â in applications ranging from e-government to Patient ID to border crossing.
âWorld-class ID programs require world-class identity credentials. The convergence of real-world demands, innovative manufacturing techniques and adaptable technologies is enabling this exciting concept to become a reality for an increasing number of governments,â said Robert DeVincenzi, LaserCardâs president and CEO. âBased upon LaserCardâs success in this area, we see multi-technology IDs as a powerful new breed of solution that enables customized, multi-purpose programs with many potential benefits.â
DeVincenzi will describe the potential benefits of combining increased security, utility and intelligence on a single platform, including the ability to go beyond ID verification to provide a single-point solution for multiple user needs and the potential to improve the efficiency and effectiveness of government ID. Increased ROI may be achieved through streamlined administration, reduced cost, improved user utility, more efficient service delivery and the potential to leverage existing infrastructure investments.
LaserCardâs innovative integration of its highly counterfeit-resistant optical security media platform with other mainstream smart card technologies on a single ID card is being adopted by governments around the world. DeVincenzi will discuss LaserCardâs new U.S. Green Card, the Carabinieri (Italian Police Force) ID Card and the Saudi Arabia National ID Card, which are models of the effective layering of multiple ID technologies in the highest security applications.
Earlier this year, the U.S. Department of Homeland Security began issuing the new Green Cards, which feature LaserCardâs advanced optical security media, and for the first time, RFID tags for compliance with the Western Hemisphere Travel Initiative. The United States Citizen and Immigration Services (USCIS) and USCIS official Sandra Schatz Landis were recently honored by GSN for the effectiveness of the new U.S. Green Card program.
The CEO & Investors Forum is a platform designed for industry leaders to present and debate their philosophies and the challenges of moving beyond todayâs secure identity models and paradigms. More information on the CEO & Investors Forum is available at http:www.idworldonline.com/index.php?id=ceoinvestorsforum.
About LaserCard Corporation
LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCardÂ® optical security media cards, multi-technology cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The Companyâs cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access.
For further information, please visit www.lasercard.com.Details
This holiday, Americans will spend an average of $710, $1,384 for those who earn $100,000 annually. Women will particularly power the holiday shopping season with 100% of those surveyed planning to hit the stores while 12% of men have no holiday shopping plans. Both male and female consumers’ intentions to “give back” continues to make a comeback from 63% in the year ago period to 67%. With 51% planning to finish holiday shopping one week before Christmas, 5% will shop on Christmas Eve; 53% plan to give gift cards; 50% will gift clothing; 43% will gift toys; and 20% will spend the most on electronics and gadgets with an average ticket price of $316. This, according to the latest American Express “Spending & Saving Tracker,” also indicates 80% of those earning more than $100,000 annually plan to make a charitable contribution; 41% will donate money to an organization, compared to 36% in 2009; 31% will purchase gift or grocery items for the needy, for no change from the year prior; and 22% will volunteer, compared to 18% in 2009.Details
Recent research indicates 70% of consumers intend to spend less on credit cards this year, only 11% of which anticipate they will be tempted to do so. However, with 55% putting just about all of their Xmas expenditure on a credit card, 52% disclosed they paid off their credit card bills in full each month. With this, 91% felt that interest rates on credit cards were a rip off and 59% agreed with the statement ‘If I had any sense, I’d cut up my credit cards’. This research is accordingly an indication consumers are getting more financially sensible in the recession, albeit waning.Details
Cardtronics announced the resignation of Fred R. Lummis as chairman of
the Board, effective November 10, 2010, where he served nine years to
grow the Company to more than 33,000 ATMs in three countries.
Subsequently, Dennis F. Lynch has been appointed as the Board’s new
chairman and will continue to serve as a member of the Board’s Audit
Committee and Chairman of the Company’s Compensation Committee. With
this, Mark Rossi will serve as a new independent director to serve on
the Company’s Board, effective December 1, 2010, and has been appointed
to serve as a member of the Board’s Compensation Committee. Rossi holds
a Masters of Business Administration from the J.L. Kellogg Graduate
School of Management at Northwestern University and a Bachelor of Arts
degree in Economics from Saint Vincent College in Latrobe, Pennsylvania.
PlaySpan has kicked off its “UltimatePay Mobile” virtual currency and micropayments monetization widget for leading smartphone platforms. The “UltimatePay” widget tracks virtual currency balance and provides each user the ability to top-up and view transaction history. The monetization solution at launch for HTML5 also provides a payment widget that allows for easy integration by developers and the ability to set pricing in the widget with a complete PCI Level 1 and SAS-70 Compliant full service Monetization-As-A-Service (MaaS) platform.Details
Debt Resolve software signed its first two clients for “DR Collect.” Recently introduced, the new platform is specifically targeted to the collection agency and collection law firm market, allows an agency or law firm to implement a patented online collection channel in a matter of days. In order to further promote adoption of the DR Collect platform, the Company has implemented a new pricing schedule for the agency and law firm market that is simple and cost effective. The new clients include a collection law firm and a collection agency.Details
Net 1 UEPS Technologies’ “Net1 Universal Electronic Technological Solutions”(“NUETS”) has received an additional $1.3 million order for 2,000 EFTPOS
devices for deployment in Iraq, of which it expects to deliver 500 throughout 2Q/11. The remaining 1,500 devices will be delivered in 3Q/11. The Company’s
UEPS system was implemented in Iraq and is used for the distribution and payment of government grants to war victims, government pension payments to
beneficiaries, as well as salary and wage distribution and payment to employees of the two state owned banks.