USAePay Integrates Zuza POS

USAePay is proud to announce the integration of Zuza POS, a customizable point of sale solution, with the company’s secure payment gateway. Ensuring end-to-end security by integrating with the USAePay payment gateway, Zuza also takes pride in setting merchants apart from competitors with added features on their POS software. Along with white-label options, Zuza offers loyalty programs, an informative backend filled with tutorials, and award-winning customer support.

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AllianceData Signs UK’s Largest Home Shopping Retailer

Alliance Data Systems Corporation today announced its Retail Services business, which manages more than 130 private label and co-brand credit programs, has signed a multi-year agreement to provide private label credit card services in the U.S. for three brands of JD Williams (www.jdwilliams.co.uk), the U.K’s largest multi-channel home shopping retailer. The brands include women’s apparel brands Marisota (www.marisota.com), Simply Be (www.simplybe.com) and men’s apparel brand Jacamo (www.jacamo.com).

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PAAY Partners with USAePay

PAAY and USAePAY today announce a partnership to deliver a safe, fast, and simple online payment service to hundreds of thousands of merchants. PAAY will streamline merchants’ online transactions, allowing consumers to use the wallet to bypass the often lengthy online checkout process. Consumers simply enter their number into the PAAY widget at checkout and the transaction is pushed to their phone where they will review the order and accept by inputting their personal pin.

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Net Element Raises Capital

Net Element, Inc. is pleased to announce that the Company completed the first closing of $11.2 million from a new investor, Cayman Invest, SA (“Cayman Invest”). Cayman Invest has agreed to fund $11.2 million and in return the Company has issued to Cayman Invest, SA a note that is convertible at or before a maturity date of March 31, 2015 into 15% of the outstanding shares of Net Element. This investment by Cayman Invest is structured as a convertible debenture that does not accrue interest before the maturity date. The $11.2 million raise is part of a larger financing round totaling $30 million that the Company plans to complete this year.

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Discover Posts Net Income Down $40 Million Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover reported net income of $631 million for 1Q/14, as compared to $673 million in 1Q/13. The company’s return on equity for the first quarter of 2014 was 23%. Revenue net of interest expense was up $86 million, or 4%, from the prior year to $2.1 billion. Total loans grew $3.5…

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TSYS Posts Revenues Up 32.1%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the first quarter of 2014 and announced the sale of its business interests in Japan. The accompanying financial statements have been adjusted to exclude the Japanese results from ongoing operations in 2014 and 2013 with those results reported as “discontinued operations” for all periods presented. Total revenues…

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2Checkout Appoints New CEO

2Checkout appointed Shawn Budde as CEO. Bringing with him over 25 years experience, Budde has held executive roles at Citibank and Capital One; data analytics experience at Sears Holdings; and as co-founder and President at ZestFinance, a VC-backed technology company. Budde earned a B.A. from Columbia University and an M.B.A. from the Wharton School at the University of Pennsylvania. At ZestFinance, Mr. Budde teamed with Google’s former CIO to reinvent lending methods by using large-scale data analysis and machine learning to lower the cost of credit for the highest risk customers. At 2Checkout, Budde plans to apply similar approaches on a global scale to help the company accelerate its market expansion in online payments.

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