eNational Payments & Mocapay Intro mPayment Security

Mocapay has inked a strategic partnership with eNational Payments mobile and contactless electronic commerce and payment processing services. With this, eNational Payments merchants and retailers can take advantage of Mocapay’s patented secure mobile payments solution and mobile marketing engine to reach customers in real-time. eNational Payments offers retailers and merchants a blend of electronic payments and services that reduces the time spent handling payments, allowing merchants and retailers to spend more time serving customers. eNational Payments provides financial services, including check warranty and back office conversion, to more than 2,800 non-banking financial services businesses, collectively processing over nine billion dollars.

Details

VISA CANADA

Visa Canada has launched of the Visa “Infinite Luxury Hotel Collection” premium travel offering. Allowing Visa Infinite cardholders to find, book and enjoy exclusive benefits at a selection of properties, the “Infinite Luxury Hotel Collection” also provides around-the-clock access to information and bookings for accommodations at both famous hotels and boutique gems. The offering of participating properties has been gathered by invitation and will continue to expand to offer cardholders even more of a selection. Benefits can be accessed through www.visainfinite.ca or the Visa Infinite Concierge service.

Details

OKI Data Americas Launches Hybrid POS Printers

OKI Data Americas launched its “PH640 Series” of hybrid POS receipt printers. Offering users a compact, multi-station POS printer that brings high productivity, media flexibility and reliability for demanding applications, the “PH640 Series” is designed to meet the growing need for smaller, faster, multifunction POS printers, the PH640 Series is ideal for the retail point of service, supermarket, restaurant, hospitality and banking industries. It has a print speeds of 250 mm per second for the thermal receipt printer, with a resolution of 203 dpi1 and print on thermal paper and thermal labels up to 80 mm wide.

Details

WRIGHT EXPRESS

Wright Express payment processing and information management has inked agreements to process BP’s commercial fuel card transactions in Australia and New Zealand. BP is one of the world’s largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. Wright Express is a leading global provider of payment processing and information management services, capturing and combining transaction information from its proprietary network with specialized analytical tools and purchasing control capabilities in a suite of solutions that enable fleets to manage their vehicles more effectively.

Details

Sybase 365 Launches New mBanking Platform

Sybase 365 mobile messaging and mobile commerce services has expanded its mobile commerce offering with version 3.0 of Sybase “mBanking 365” mobile banking platform. This is designed to enhance functionalities and simplify deployment. It offers iPhone support for Consumer Retail Banking and provides an mBanking iPhone application for Corporate Banking-specific Treasury management. Sybase “mBanking 365 3.0” includes device detection and features Multi-Channel mBanking: SMS, mobile browser and rich-client; an exclusive iPhone app for Corporate Banking-specific Treasury management workflows for Positive Payment decisioning, ACH release, Wire release, Corporate Account Activity Alerts, and mobile phone optimized Cash Management reporting.

Details

S1

Cubic Transportation Systems – Australia, a subsidiary of CA-based Cubic Corporation, celebrated the issuing of the one millionth “go card” in July. The Cubic-installed and operated “TransLink” smartcard ticketing system in South East Queensland was fully installed across TransLink buses, ferries and rail in mid 2008. The TransLink network covers an area of more than 10,000 square kilometers, from Brisbane to Coolangatta on the south coast of Queensland, up to Gympie and west to Helidon. The state’s Transport Minister Rachel Nolan, who attended the July ceremony with the Premier, said the smart card take-up rate had been phenomenal, with the 100 millionth go card trip being taken last month, less than two years after the roll-out was completed. With this, the number of trips taken using the go card had shot up from 33% to 60% over the past year. Between January and March 2010 there were 23.6 million go card trips, more than double the amount for the same period last year.

Details

Citi Launches New Meeting Card Solutions

Citi is launching its “Citi Meeting Card” solution designed to provide organizations with the ability to simplify meeting and event expense management processes. Offering a single, global solution to increase spend transparency and impose greater budgetary controls over meeting spend, “Citi Meeting Card” provides enhanced security and control over expenses allowing organizations to track and analyze transaction data by department, cost center, spend category and supplier. Its declining balance option ensures that meeting and event budgets cannot be exceeded by reducing the available credit with every transaction that posts to the account, while the Virtual Card Account option provides added flexibility and increased control through real-time account generation and the ability to establish pre-approval parameters for every purchase. Citi Commercial Cards is a unit of the Global Transaction Services business with issuance capabilities in over 90 countries and an extensive proprietary network of over 50 countries.

Details

American Express Appoints New Spokesman

Gabi Gregg has won the “Follow Me: The Search for the first MTV TJ”
competition from “ZYNC” from American Express and MTV. Named the first
MTV TJ “Twitter Jockey” after a nationwide vote Gregg will be based at
MTV’s global headquarters in New York City. The three month long job
search featured 20 candidates battling it out in a series of Twitter
challenges.Gabi Gregg founded the popular blog “Young, Fat and Fabulous,”
has since been interviewed by The New York Times and Good Morning America,
and has been featured in the fashion magazines French Glamour and Vogue
Italia.

Details

U.S. Bankcard Services Launches Verifone mPayment

U.S. Bankcard Services (USBSI) has launched its “PAYware” from VeriFone, connecting to the Apple iPhone to offer merchants total transaction processing mobility. With this, USBSI is offering a promotion of Free “PAYware Mobile” Device from August 1st, 2010 to October 31st, 2010. The “PAYware Mobile” device is valued at $150 and supplies are limited to 100 units. The ‘PAYware Mobile’ promotion eligibility is simple: Any merchant who has an Apple iPhone 3G or 3GS and is approved for a merchant account through USBSI within the promotional period. The “PAYware Mobile” product itself consists of a price-competitive, PCI-DSS compliant mobile POS System and a service package.

Details

OTI Posts Total Revenue Increase up 81% Y/Y

On Track Innovations contactless microprocessor-based smart card solutions announced 2Q/10 total revenues of $27.8 million, an 81% increase from last year. Additionally, gross margin increased to 54% vs. 51% last year; non-GAAP operating expenses were $13 million, a 15% increase compared to $11.2 million last year; non-GAAP $2.2 million, compared to operating loss of $3.6 million last year; and revenues from licensing and transaction fees of $1.8 million, a 50% increase from last year. OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. OTI applications include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs.

TOTAL REVENUE
1Q/09: $ 8.4 million
2Q/09: $16.9 million
3Q/09: $26.3 million
4Q/09: $ 8.6 million
1Q/10: $14.4 million
2Q/10: $27.8 million
SOURCE:Carddata.com

Details

S1 Corporation Reports 2Q/10 Revenue Down 15%

S1 Corporation Reported $51.8 million in total revenue for 2Q/10, a 15% drop from the $60.8 million posted the year ago period. This is being attributed to a $4.8 million reduction in revenue from State Farm and the custom development for an international branch customer. U.S. GAAP net loss was $1.8 million for the quarter, compared to a net income of $4.6 million in the year ago period; adjusted EBITDA was $3.2 million, compared to $11.6 million in 2Q/09; and reported cash and cash equivalents of $51.7 million. For full details on S1 financial performance, visit carddata.com.

TOTAL REVENUES
1Q/09$58.3 million
2Q/09$60.8million
3Q/09$60.3 million
4Q/09 $59.5 million
1Q/10$51.2 million
Source:Carddata.com

Details

New Yorkers Have Most Open Card Accounts

The Experian study on credit card trends consumers are opening 26% fewer credit cards than in 2007 while the number of open bank cards were typically higher than retail credit cards, except for in Pittsburgh, Miami, Columbus and Atlanta. Meanwhile, New Yorkers have with the highest number of open cards- although they aren’t using them as much as some of the other cities- and Phoenix residents have the fewest. Atlanta has the highest average monthly balance is $6,753 on revolving accounts, although the consumers only have an average of 3.06 open accounts, while San Francisco and Houston have the lowest average monthly balance, with $5,323 and $5,328, respectively. The data was pulled and analyzed by Experian Decision Sciences using a statistically relevant sampling of Experian’s File One(SM) consumer credit database.

METRO OPEN CARDS/AVG BAL.
New York 3.77 $5,713
Pittsburgh 3.60 $5,989
Boston 3.49 $6,152
Phili 3.45 $6,078
Minn. 3.39 $6,610
Chicago 3.31 $6,182
SF 3.24 $5,323
LA 3.16 $5,681
Atlanta 3.06 $6,753
SOURCE: Experian

Details