Santa Clara based ViVOtech has been awarded the first annual “Technology Innovation Award” by the Electronic Transactions Association in recognition of the company’s success and leadership in the payment industry. ViVOtech’s technology has made it possible for existing POS systems to easily adopt contactless payments with minimum change. ViVOtech has more than 50,000 of its contactless payment readers deployed around the world.Details
Banbury, Oxfordshire-based Cardwell Marketing has partnered with eCredit to promote eCredit’s services in the European market. Cardwell is a data based marketing company that specializes in helping businesses find new clients by the use of marketing and credit data. It has partnerships with Experian, Equifax, Graydon and Dun & Bradstreet. Cardwell is also able to aggregate data to ensure the
correct credit or marketing solution is provided. Massachusetts-based e Credit is a provider of online software for credit and collections professionals. Its on-demand software supports companies such as
ChevronTexaco, Cisco, Samsung Electronics, Cargill, NEC Financial, Graybar, CDW, Sun Microsystems, and Ryder System.
MA-based Authorize.Net is giving away a free month of its “Fraud Detection Suite” to all merchants conducting e-commerce transactions on its payment gateway. The “FDS” suite was launched one year ago. Specific “FDS” filters include suspicious transactions; amount; velocity; shipping-billing mismatch; transaction IP velocity; authorized AIM IP addresses; and IP address blocking. If a merchant uses any or all of the filters, “FDS” still offers the ability to hold a transaction for manual review. Authorize.Net is owned by Lightbridge. Lightbridge acquired Authorize.Net one year ago for $82 million from InfoSpace. (CF Library 3/16/05)Details
Florida-based Certegy Inc. announced an agreement with Gottschalks to provide comprehensive check risk management services to over 60 department and specialty apparel stores in six western states. Certegy provides credit and debit processing, check risk management, cash access, merchant processing and e-banking services to over 6,500 financial institutions, 117,000 retailers and 100 million consumers worldwide. Gottschalks is the largest independently owned department store chain in California.Details
Houston-based Cardtronics has acquired the ATM portfolio from ISO BAS Communications, Inc. The transaction includes over 450, high-volume ATMs located in non-chain, independent grocery stores primarily in Brooklyn, the Bronx and upper Manhattan. Approximately 97% of the ATMs are turnkeys with the remainder merchant-owned/managed. Cardtronics is the nation’s largest owner/operator of ATMs with a nationwide network of more than 25,000 locations operating in every major U.S. market.Details
Rosh Pina-based On Track Innovations reported that revenues for the fourth quarter soared to $7.8 million, a 35% increase over one year ago. Gross profit for full year 2004 was $10.4 million compared to $10.1 million in 2003. During the fourth quarter, OTI delivered it first commercial orders in support of MasterCard’s “PayPass” rollout. Also, the initial commercial quantities of OTI’s contactless readers were delivered to Hypercom to support contactless payment programs such as MasterCard’s “PayPass.” During 2004, OTI delivered approximately 18 million chips incorporating OTIÃÂ¢ÃÂs technology for the “China ID
Project.” OTI also sold one of its German subsidiaries, InterCard KartenSysteme, and acquired ASEC of Poland to provide end-to-end solutions for the emerging European markets. Applications developed by OTI include product solutions for petroleum payment systems,
homeland security solutions, electronic passports and IDs, micropayments, mass transit ticketing, parking, loyalty programs and secure campuses. For complete details on OTI’s fourth quarter performance, visit CardData (www.carddata.com).
Milwaukee-based Metavante Corporation announced that Astoria Federal Savings has signed a contract extension with Metavante to continue as its financial technology services provider. In addition, Astoria Federal renewed its contract with Metavante subsidiary NYCE for data processing and electronic funds transfer marketing services. Astoria Federal Savings and Loan Association is the wholly owned subsidiary of Astoria Financial Corporation with assets of $23.4 billion. Metavante Corporation provides banking and payment technologies to financial services firms and businesses worldwide.Details
Shell has signed a five-year master arrangement with Radiant Systems for the supply of POS software, back office software and related services across the Asia Pacific region. The first market where Shell and Radiant Systems are cooperating under this five-year agreement is Malaysia, where new POS and related systems are being deployed to comply
with the country’s EMV standards for the acceptance of credit cards at retail sites. Headquartered in Atlanta, Radiant has deployed its solutions in more than 50,000 sites worldwide.
Fair Isaac Corporation has been recognized by CMP LLC Intelligent Enterprise magazine Choice Awards as one of the 12 most influential technology companies of 2005. Fair Isaac was acknowledged as the leader within the “Vanguard” category, which recognizes companies that are helping businesses push the envelope in leveraging information for greater agility and smarter business processes. Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably.Details
Info Touch Technologies announced a strategic alliance to roll out self-serve automated touch-screen kiosks to 25 designated NOCO Express convenience stores in Buffalo, New York. Initially, NOCO Express customers will be able to make real-time bill payments and purchase prepaid products and services with cash. Other financial services such as purchasing auto insurance, money orders, sending money transfers, issuing and re-valuing prepaid stored value credit cards, check
cashing and selling mobile content will be phased in subject to cooperative initiatives with other Info Touch and NOCO service provider partners. Info Touch Technologies is a strategic investment of Hewlett Packard, and is building the “TIO Network,” a multi-retailer network of financial services kiosks for the non-banked consumer marketplace in North America.
The cumulative total stockholder return value of First Data’s stock increased by 74% since December 1999, compared to a slight loss for companies in its peer group and by the “S&P 500 Index.” FDC’s Chairman and CEO, earned $5.37 million last year, compared to $4.81 million in 2003. Charles Fote also received $3.3 million in stock options for 2004. Scott Betts, President/Enterprise Payments, earned $1.12 million last year, a 47% gain over 2003. Betts also received $1.3 million in stock options. Michael D’Ambrose, EVP/HR, received $1.23 million for 2004, a 19% increase over the prior year. D’Ambrose also received $1.3 million on stock options. Christina Gold, President/Western Union Financial Services, earned $1.12 million in 2004, compared to $1.02 million for 2003. Gold also received $1.3 million in stock options. Pamela Patsley, President/First Data International, earned $2.3 million last year compared to $2.15 million in 2003. Patsley also received $1.3 million in stock options. First Data reported net income for full-year 2004 of $1.88 billion, compared to $1.41 billion for 2003. For complete details on First Data’s latest results, visit CardData ([www.carddata.com]). (CF Library 1/27/05)
Payment processor TeleCash has selected Ingrian “DataSecure
Platforms” as an additional layer of security for the privacy and
protection of credit card data. With Ingrian, TeleCash adds capabilities for intelligently encrypting and securing critical data in applications and databases, and ensuring that data remains protected from internal and external threats. TeleCash says that with Ingrian, it can
intelligently and cost-effectively increase protection of critical
records like credit card numbers and identification numbers. TeleCash has over 190,000 payment terminals installed at German retail POS and is a First Data company.