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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vSafe Payment Gateway Eliminates Fraud

Vesta Corporation announced the launch of vSafe, a new payment gateway that eliminates the cost of transaction fraud for e-commerce and m-commerce merchants. Leveraging Vesta’s proprietary and patented fraud technology modeled on over one billion electronic payments, vSafe evaluates orders using business-specific models that maximize real-time transaction acceptance and isolate merchants from transaction fraud. In addition, the quick-to-deploy API features full-service global payment capabilities and data protection features designed to significantly reduce PCI compliance requirements.

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Opay to Powr PlayOLG

Optimal Payments Plc announced that it has successfully reached a five-year agreement to provide its NETBANX® payment service to Ontario Lottery and Gaming (OLG) for its online gaming service PlayOLG.ca. NETBANX was selected as the winning solution after a comprehensive and competitive procurement process. PlayOLG will offer regulated online interactive lottery, casino and video poker games to residents of Ontario. Through the five-year agreement, the NETBANX service will be embedded in the PlayOLG website to provide payment options, as well as delivering real-time fraud and risk prevention and mitigation services.

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Singular Payments Names GM

Singular Payments announced today that industry expert Marty Hilber has joined the company as its General Manager, overseeing day-to-day business operations. Charles Yancey, Founder & President of Singular Payments, and Vaden Landers, Chairman & Managing Partner, noted that Hilber’s appointment was necessitated by the significant growth and expansion the business has experienced resulting from the signing of numerous strategic partnerships, as well as the launch of various new product development initiatives.

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In The Pink Launches Innovative In-Store mPOS

Springboard Retail announced The Pink Stores Lilly Pulitzer Signature Stores has launched mPOS as part of a major store transformation project. In The Pink’s eight stores are located in Massachusetts with flagship stores on Newbury Street in Boston and on Nantucket Island. They piloted the project in their Boston store where they removed the cash wrap and stationary POS terminals went 100% mobile. They are using Apple’s iPads and iPad minis powered by Springboard Retail. The results from the first 11 days of In The Pink’s rollout of mPOS reveal a 24.5% increase in sales over the same period in this store a year ago. Transaction count was up 6.5%, transaction value was up 17%, units per transaction was up 12% and total units sold was up 19%. In The Pink repurposed 48 square feet of floor space and reclaimed full floor to ceiling use of 6.5 feet of prime wall space. The Nantucket store is next to undergo the transformation.

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Quick Fuel Partners with Comdata

Quick Fuel has partnered with Comdata to provide its fleet customers with one of the fastest and most secure means of fueling available. Quick Fuel recently purchased Comdata’s fuel site controller, known as SmartSight, for all of its retail locations and added Comdata’s SmartQ™ radio frequency identification (RFID)-based technology to offer an extra level of speed and security to the fuel transaction process. In addition to processing transactions quickly, SmartSight processes fueling transactions securely as well. The card reader equipment meets industry security standards, while an integrated camera function allows site owners to view customer images as the card is swiped to identify potentially fraudulent users when necessary.

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Digital River Extends Its SMB Payments Solution

Digital River Commerce-as-a-Service solutions expanded Digital River SMB Payments solution into the United Kingdom (U.K.). The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound Sterling. The SMB solution already supports more than 17,000 merchants and partners in Canada. Platform-agnostic and built on an open architecture for easy integration, the Digital River SMB Payments solution offers several benefits for companies conducting business in the U.K.

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MasterCard Global Average Tickets

The average purchase transaction for a MasterCard-branded card in the APMEA (Asia Pacific Middle East Africa) region hit $94.14 in 2013, nearly double the average purchase transaction of $55.72 for U.S. MasterCard credit and debit cards. Meanwhile, the average purchase tickets on U.S. MasterCard debit cards has been relatively consistent since 2009, but MasterCard’s average purchase ticket for U.S. credit cards has grown significantly from $80.68 in 2010 to $88.09 last year.

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INSIDE Secure Powers Health Card

INSIDE Secure today announced that it has started delivering its latest generation secure microcontroller for the Carte SESAM-Vitale 2 program, the French national health care insurance card.
INSIDE’s secure microcontroller has achieved Common Criteria EAL 5+ certification. This low-power high-performance 8/16-bit microcontroller is based on Harvard RISC architecture. It provides a highly flexible and cost-effective solution for many applications requiring a high level of security.

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