USA Tech Wins 2014 ‘Future 50’ Award

USA Technologies is among the winners of the SmartCEO 2014 Future 50 awards for Greater Philadelphia.The Future 50 awards program recognizes the region’s 50 fast-growth, mid-sized companies, five large blue chip companies and five small emerging growth companies based on a combined three-year average of revenue and employee growth. USA Technologies is to be celebrated at an awards ceremony on January 16, 2014.

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Massive credit card and identity theft scheme

A Ukrainian national charged as part of a multiagency federal investigation into a worldwide online marketplace for stolen personal and financial information was arraigned in federal court Monday following his extradition Friday from Croatia. Operation Open Market, which began in March 2007, targeted an organization known as “Carder.su.” The investigation revealed members of the ring, known as “carders,” were involved in large-scale trafficking of compromised credit card account data and counterfeit credit cards, as well as money laundering, narcotics trafficking and various types of computer crime.

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Primax Enlists First Data for Processing

Primax debit and credit card issuing and merchant acquiring programs, products and services entered into a payments card processing service agreement with First Data. Primax closed on the transaction to acquire the processing business of New England Bankcard Association Inc. (NEBA), a Massachusetts-based association of banks that provided credit card issuing and merchant acquiring programs, products and support services for its members. The Primax acquisition of NEBA processing consolidated the current processing and servicing business of NEBA into Primax and the processing agreement, which was previously between NEBA and First Data, is now between Primax and First Data.

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India CPI Performance

India’s prior “white-hot” economy has been gearing down for the past three years, but so are consumer prices. The year-on-year growth in the OECD Consumer Price Index for India has dropped from 15.3% in 2009 to 10.9% this year. RAM Research projects the India CPI will increase slightly by ten basis points in the fourth quarter. So far this year, India’s Y/Y CPI was up 11.1% in June, declining to 10.7% in Sept and back up to 11.1% in October.

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WorldPay & Delego Partner

WorldPay’s end-to-end payment services integrated with Delego epayment processing platform, combining SAP enterprise systems with online payments. The Delego software securely captures electronic payment transaction data from customers and this information is routed to the WorldPay Gateway. WorldPay then manages the payment authorisation and settlement process. This allows merchants to implement WorldPay’s payment processing, alternative payment methods and risk management services through a single connection. The integration also increases security of payment information and reduces the scope of PCI DSS.

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Wirecard Integrates BLE into mWallet

Wirecard AG integrated its Bluetooth low energy (BLE) technology- “Bluetooth BLE Smart Payment”- into its mWallet platform as an additional payment technology service. BLE is the third contactless payment standard to be supported by Wirecard’s mobile solutions. The operating systems of modern smartphones enable innovative ways of ensuring customer loyalty and processing payments. Wirecard will present its first showcase using Bluetooth low energy at this year’s Hubert Burda Media Digital Life Design (DLD) Conference, which will be held in Munich from 19 to 21 January 2014. Wirecard is implementing this project in conjunction with its partners Deutsche Telekom and Orderbird, a company that offers cashier systems for restaurants.

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Card Assets

Combined, Visa and MasterCard hold total assets of nearly $50 billion as of the third quarter of last year. Visa reported total assets of $36 billion for Q3 while MasterCard reported total assets of $13.7 billion. One-year ago Visa’s total assets stood at $40 billion. The Visa decline was due to the release of cash in its litigation escrow account of $4.4 billion. MasterCard’s total assets have grown over the past year from $12.1 billion to $13.7 billion.

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AT&T and Vantiv Announce New Mobile Payments Solutions

AT&T and Vantiv, Inc. announced the availability of new payment products that deliver highly secure, integrated and speedy on-the-spot mobile transactions to businesses of all sizes. Mobile payments represent a market opportunity with significant upside as businesses implement new, more integrated ways to manage their operations and sell to customers. In fact, Forrester Research projects that U.S. mobile payments will reach $90 billion in 2017, representing a 48 percent compound annual growth rate from the $12.8 billion spent in 2012.

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Net Element’s Aptito Achieved Visa Ready

Net Element, Inc. is pleased to announce today that Aptito, LLC (“Aptito”), has achieved Visa Ready status for their mPOS solution. Aptito is a next generation, cloud-based point of sale payments platform, operated through TOT Group, Inc. (“TOT”) the mobile payments and transaction processing subsidiary of Net Element. Aptito helps restaurants drive consumer engagement via tablet, mobile and all other cloud-connected devices. Aptito’s mPOS system provides hospitality merchants with tools to increase sales, productivity, and customer loyalty. The solution is a tablet-based POS that combines traditional POS functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty, and transactional data all in one solution supported by Aptito’s cloud-based payments platform.

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TD Go Card For Parents

TD Bank has launched TD Go, a reloadable prepaid card for teenagers that can be used wherever Visa debit cards are accepted. Adults can open and fund the card for their teenagers online using a debit or credit card or via direct deposit. Once activated, parents can monitor spending online and receive email and text alerts on balances, transactions and adult-oriented purchases. The TD Go Card allows teenagers to spend only available funds unlike credit cards and if a card is lost or stolen it can quickly be cancelled and replaced unlike cash.

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Vantiv and MasterCard

Vantiv, Inc. and Microsoft announced an agreement to deliver a new range of solutions for mobile POS and cloud-connected payments that can help businesses maximize their customer reach at any scale, end-to-end. From simple mobile payment collection in the field, to individual direct sales transactions, to retail store operations and more, the combination of Microsoft’s technology with Vantiv’s processing services and support will make it easier for businesses to take full advantage of their most important asset – their people – to offer seamless best-in-class experiences.

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