Wright Express to Process BP Fuel Cards

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.

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Online Resources Revenue Down $1.4mm Y/Y

Online Resources online financial services reported 2Q/10 revenue of $36.4 million, compared to the year ago figure of $37.8 million. Meanwhile, Ebitda was $6.0 million, compared to $8.4 million in the same quarter of 2009; adjusted Ebitda was $6.6 million, compared to $9.3 million in the prior year period; and core net income was $1.7 million, compared to $2.5 million in the same quarter of 2009. Projections show Online Resources 3Q/10 revenue will be between $34.6 and $36.6 million, Ebitda will be between $4.8 and $6.3 million, and core net income is expected to be between $0.01 and $0.03 per diluted share.

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Global Payments Processing Gateway Awarded

The Global Payments electronic payment processing proprietary “Global Transport” payment gateway was awarded as the Business Solutions magazine’s Best Channel Product, based on a Web survey of the Value Added Reseller (VAR) community. The “Global Transport” suite of products enables merchants, software developers, VARs and Original Equipment Manufacturers to use their Point-of-Sale (POS) applications to easily integrate with payment devices such as magnetic stripe readers, PCI-PED PIN pads, signature capture devices, and receipt printers.

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Hyundai Card Deploys FICO Transaction

For its 9 million cardholders, Hyundai Card is implementing FICO analytics and decision management technology with “Transaction Scores.” The “Transaction Scores” solution is based on a customer’s card usage patterns and updated with every transaction authorization, yielding a more precise and current assessment of customer risk and purchase behavior that can be used to target cardholder decisions. Hyundai also plans to use FICO Transaction Scores to match credit offers and rewards to a customer’s needs, improving response rates and increasing customer satisfaction. The Hyundai Card implementation will be modeled on the FICO “Falcon Fraud Manager 6” scoring engine.

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ProPay Consulting Advises on PCI DSS

ProPay End-to-End Payment Security, credit card processing, and electronic payment services has launched its professional services, allowing merchants to navigate security and regulatory compliance requirements. For this, ProPay’s training program allows companies to schedule onsite training with ProPay’s experts. Companies seeking guidance on payment security issues can engage consultants with extensive expertise and experience in the industry. Companies striving to stay informed on existing and forthcoming data security and privacy issues facing merchants can take advantage of ProPay’s research and analysis capabilities.

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Diebold Centralizes Auction House Security

Diebold has partnered with Christie’s Auction House to centralize its security operations, reduce risk and improve event response times across multiple sites. With this Diebold designed a new command and control center for Christie’s Rockefeller Center headquarters in New York City. The location houses extremely valuable collections of fine art, jewelry and collectibles for storage, display and sale at auction. Diebold’s design integrated new video surveillance technologies with legacy systems, replacing Christie’s original analog-linked video system with a video display wall that’s digitally connected to cameras, digital video recorders (DVRs) and a custom-programmed touch-screen control system. The new layout puts any camera feed in an operator’s field of view with the click of a mouse. OH-based Diebold integrated self-service delivery and security systems and services employs more than 16,000 in nearly 90 countries worldwide.

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Sage North America Introduces On-Site Card Processing

Sage North America has introduced its “Sage Payment Boss” mobile tool, geared toward small businesses for payment receipt anytime, anywhere with credit card acceptance on a 3G enabled phone and a merchant account. The “Sage Payment Boss” mobile tool allows businesses to run card transactions for verification on the spot, complete with an e-receipt to the payee once the transaction is complete. When used with “Sage Billing Boss,” “Sage Payment Boss” helps small businesses to get paid immediately, tracking and managing their incoming cash flow in real time, monitoring their sales activities and reconciling their credit card transactions with their merchant accounts.

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Diebold Declares Third-Quarter Cash Dividend

The board of directors of Diebold declared a third-quarter cash dividend of 27 cents per share on all common shares. The dividend is payable on Friday, Sept. 10, to shareholders of record at the close of business on Friday, Aug. 20. OH-based Diebold integrated self-service delivery and security systems and services employs approximately 16,000 associates with representation in nearly 90 countries worldwide.

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Two Banks Ink Harland Processing Software

Devon Bank and the Bank of Akron have implemented the Harland Financial “PhoenixEFE” integrated enterprise software platform. Combining real-time core
processing and specialized applications, the “PhoenixEFE” software provides the Banks capabilities in all areas of operations with a ‘one-stop shop’
offering. Both banks have also integrated Harland self service delivery channels, deposit and loan origination, credit risk management, and business
intelligence. Harland Financial Solutions specializes in branch automation, payment processing, enterprise content management and risk management.

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Oberthur Deploys Atlantic Zeiser Card Personalization

Oberthur Technologies security and identification based on smart card technology has chosen “CARDLINE VERSA” from Atlantic Zeiser to offer personalization, maximum flexibility in configuration and tUV ink-based DoD printing. Atlantic Zeiser’s “CARDLINE VERSA” provides print for runs of personalized and secure prepaid cards and is designed to run at up to 32,000 cards per hour in combination with high capacity card input and output devices. The System’s magnetic encoding can be rotated for top down or bottom-up and the magnetic encoding head can be freely positioned across the card or product. Personalization is provided using a fixed reference edge along with card alignment units for exact product alignment.

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USA Technologies Cashless Vending Growth Exponential

USA Technologies has had a 9,000 increase in the number of devices connected to its network throughout 2Q/10 to reach over 82,000. This figure, compared to the year ago period of 52,000, is in conjunction with its more than 150 newly acquired ePort Connect Service customers, which now exceeds 1,050. This growth is thanks in large part to vending operators using the USAT cashless solution, recognizing the positive impact that cashless vending is having on sales, margins and net operating profit, paired with vendor requests for such technologies. Over the past year and a half, 41,000 traditional vending machines connected to the USALive Network were averaging $1,508 in annual credit/debit card purchases, and that the top 10,000 vending machines were averaging $2,973 in cashless sales annually. The Company expects to have 100,000 devices connected to the ePort Connect Service by December 31, 2010.

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