Certegy has extended its credit card enhancement expertise to the upgrading of its value-added checking product, which was originally launched ten years ago. Certegyâs Value-Added Checking, a full-service, complete turnkey product, includes customizable promotional materials including direct mail, on-site training, and point of sale materials.Details
As eBay presses forward with its acquisition of PayPal, the New York State Attorney General announced an agreement yesterday with PayPal to discontinue its payment services to online gambling merchants. PayPal also agreed to pay penalties of $200,000 to the State of New York to cover the Attorney General’s costs of investigation. eBay previously announced that it intended to discontinue PayPal’s current business operations related to payment processing transactions for merchants involved in online gambling activities after it completes its acquisition of PayPal. PayPal also announced Wednesday that it has set Thursday, October 3rd as the date of the special meeting of stockholders to vote on the proposed merger with eBay Inc. and Vaquita Acquisition Corp. Earlier this week, PayPal and eBay announced that the waiting period under the Hart-Scott-Rodino Antitrust Act expired yesterday, giving the green light to eBay’s acquisition of PayPal.Details
The Western Payments Alliance now offers it 1,000+ member institutions ACH processing through a strategic partnership with the Electronic Payments Network. Consumers use the ACH to receive Direct Deposit of payroll, Social Security and other government benefits. The ACH also processes Direct Payments of taxes, utilities and other recurring bills.Details
Global Cash Access has signed 20 new clients including Pinnacle Entertainment for its “Casino Cash Plus 3-in-1 ATM.” Under the agreement, Pinnacle Entertainment properties will have access to GCA’s products and services, including the Casino Cash Plus 3-in-1 ATM and QuikCredit.Details
VeriFone has rolled-out of a Web-based POS system to track time and attendance for more than 46,000 subsidized childcare recipients in 4,500 childcare centers across Oklahoma for the Oklahoma Department of Human Services EBT Child Care system. It is expected to be in place in all 77 counties by March 2003.Details
Aix-en-Provence-based Inside Contactless, formerly known as Inside Technologies, announced the appointment of Stephen Riegel, former Texas Instruments Business Development Manager for the East Coast US as Vice President of Business development for the North American region. Riegel will be in charge of the upcoming office based in the US. He was previously involved in the RFID market as Business Development Manager for Motorola Inc. Inside Contactless is a supplier of contactless chips and readers, offering a range of solutions for emerging markets like transport, access control, payment, identity, and electronic identification.Details
Dublin0based FreeStar Technologies announced that the Company’s Latin American subsidiary, ePayLatina, secured orders for 20 POS solutions and is following up on over 1000 inquiries
received from small business owners who attended a recent industry exhibition. In association with Bancredito, ePayLatina is offering merchants the opportunity to select from three turnkey, point-of-sale
operating systems, which range in price from US$699 to US$1299. FreeStar also noted that 60 ePayPad units were sold at the technology fair to individuals for personal use on their home computers. The ePayPad is a proprietary card-swipe device that plugs into a personal computer and is engineered to permit a user to complete secure PIN-authenticated ATM and debit card transactions on the Internet.
Vital Processing Service has renewed its contract with TransFirst to provide end-to-end merchant processing services, including authorization, capture, clearing and settlement of payment transactions. Currently reporting annual sales volume of approximately $5 billion, TransFirst is projecting continued processing volume growth of more than 30 percent as it continues to expand its services and market expertise.Details
Gemplus say it has shipped 500 million SIM cards of the 1.36 billion SIM cards delivered globally to-date. Gemplus says the Asian market is emerging as one of the strongest areas for dominant
SIM growth. While growth in Western Europe is stabilizing, Asia is still on an upward curve. Of the 215 million new subscribers worldwide in 2001, 95 million were based in Asia Pacific. Overall, Gemplus has delivered over three billion smart cards since its beginning in 1988.