Western Union Revenue Slows Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 3Q/13 revenues down 1% from the year ago period and were flat on a constant currency basis. Consumer-to-consumer (C2C) revenues declined 2%, or 1% constant currency, as transaction gains were offset by the impact of previously implemented price reductions in certain corridors. Western Union branded C2C transactions increased…

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WorldPay AmEx EMV Certified

WorldPay US payments acquirer has earned the American Express EMV payment processing certification.In conjunction with the earlier completion of VISA and MasterCard EMV certification, this reinforces WorldPay’s ability to assist its current and prospective clients with the inevitable migration to chip cards in the US. The card payment networks establish individual requirements for EMV implementation and define the testing processes to certify against these requirements. WorldPay is working closely with Discover on certifying to their EMV requirements.

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US Bank Launches Travel VirtualPay Solution

U.S. Bank announced the full market launch of its Travel VirtualPay product, following a successful pilot program. The bank is the first payment provider in North America to deliver a truly integrated travel payment and reconciliation tool that replaces manual central billing of hotel charges with single-use virtual account numbers. Travel managers can identify and track a booking from the time of reservation through final settlement and audit. The tool integrates directly with their current travel supplier or agency, allowing them to easily request a virtual account for each booking and consolidating all transaction data into one location. When a supplier charges the account, an automated reconciliation process accurately matches traveler and transaction, triggering immediate payment.

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First Data Acquires Loyalty Program

First Data ecommerce and payment processing acquired Perka smart loyalty program for undisclosed terms. The First Data subsidiary continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Perka is a mobile marketing and consumer loyalty platform that helps small to medium-sized merchants engage their customers with location-based smartphone apps. The Perka Punchcard service and Perka Flexpoints for retail stores and sit-down restaurants deliver sustainable and highly personal marketing and incentive programs to consumers. The cloud-hosted platform features merchant-validated transactions, triggered offers, mobile messaging, and retail customer relationship data for the merchant.

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Ingenico Posts Strong Performance for 3Q/13

Ingenico posted 3Q/13 9 months ending revenue of EUR1.004 billion, up 17% from the year ago figure, and quarterly revenue of EUR348 million thanks to performance across all geographies and segments. Also, from the year figure, Growth momentum in North America was up 40%; growth acceleration in Transactions services due to Ogone’s successful integration was up 15%; and full-year guidance raised for revenue and profitability. Also Organic growth was above 12% and revenue exceeded the EUR1 billion threshold in nine months for the first time ever.

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TIS Reports Growth in 3Q/13

TIS GmbH has again continued its successful business development for 3Q/13 for high sales growth, having further technically developed its Cloud Platform for payment transactions. The current positive business development of TIS has considerably enhanced its attractiveness for potential new investors. The demand for ERP integrated, cloud-based solutions for payment transactions, liquidity and bank relationship management has become greater, particularly in view of the upcoming SEPA migration deadline. And this need spans all branches of industry and commerce, which is evidenced by the range and variety of TIS new customers in the third quarter of 2013 – they represent a highly diverse sampling from the business world.

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Accumulate mPayments Files Patent Suit

Accumulate AB has filed a lawsuit in the District Court of Stockholm against Seamless Distribution AB (publ) for patent infringement. The lawsuit relates to Seamless’s mobile payment solution, SEQR. Accumulate requires Seamless to stop the use and marketing of SEQR. Accumulate has an extensive patent portfolio in the field of mobile payment solutions, with patents in several countries and customers worldwide. The current patent infringement lawsuit relates to a Swedish patent from the patent portfolio. Accumulate AB is a privately owned company with investors including the Sixth AP Fund, TeliaSonera, PayEx and Svea Ekonomi. Accumulate has long experience of mobile online solutions with more than 100 million applications delivered since 2004.

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Samsung Wallet Announces New Partnership

Samsung Electronics expands consumer offerings available through Samsung Wallet, a practical and easy-to-use mobile app for storing tickets, boarding passes, membership cards, coupons, and more, with the addition of new partnerships across several industries-including transportation, coupons and hospitality. New partners like American Express, United Airlines, Virgin Atlantic, Malaysia Airlines, Amtrak, Valpak, eGifter, Gyft, Yowza, SpotOn, Agoda, HRS, Opodo and Thrillcall are joining the Samsung Wallet ecosystem, which includes partners previously announced at the Mobile World Congress 2013 – Walgreens, Expedia, Belly, Lufthansa, and Hotels.com. Samsung Wallet is available for download on the Galaxy S® III, Galaxy S® 4, Galaxy Note®, Galaxy Note® II and Galaxy Note 3 from Samsung Apps (http://apps.samsung.com) or Google Play.

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Intellicheck Mobilisa Launches barZapp mApp for Android

Intellicheck Mobilisa identity solutions and wireless security systems launched an Android version of barZapp ID-checking mobile app. With it, smartphones can be used to check an ID card. An introductory version is available in the Google App Store for $1.99 and offers users 10 scans per day once a free account has been created at this link. Unlimited scans are available for a paid subscription of $9.95 per month for the barZapp Pro version. barZapp for Android requires Android Version 2.3.3 or higher. With this launch, barZapp is now available on both the Google and Apple App Stores. With barZapp, users can aim their smartphone’s camera at the barcode on a driver’s license to instantly read and verify the encoded information and display the results”including the bearer’s name, date of birth, ID expiration and ID number.

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MasterCard Commits to Raising $4mm for Stand Up To Cancer

MasterCard is set to extend its Dig In & Do Good campaign through the holiday season with the goal of raising an additional $4 million for Stand Up To Cancer® (SU2C) and will continue to make a one cent donation to SU2C when cardholders spend $10 or more for a meal using their MasterCard through December 31, 2013 up to $4 million (U.S.). The program engages consumers to help drive necessary funding for innovative cancer research through their already planned activity simply by making the choice to use their MasterCard to pay for their meal. MasterCard presented the $4 million fundraising contribution from the first portion of the campaign to SU2C on-field during Game 4 of the 2013 World Series. MasterCard and SU2C representatives were joined on-field by SU2C celebrity ambassador. The promotion applies to U.S. qualifying restaurant purchases made by MasterCard consumer and small business cardholders with MasterCard cards issued by U.S. financial institutions.

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Fundtech Announces ACH Alert Solution

FundtechACH Alert and Fundtech announce a partnership to make available ACH Alert’s suite of innovative, patented fraud mitigation solutions via Fundtech products. ACH Alert’s suite of fraud mitigation solutions enhance Fundtech’s offerings with industry-leading capabilities that allow financial institutions to mitigate incoming ACH fraud and outgoing ACH and wire fraud for their customers. By providing these solutions, Fundtech enables financial institutions to comply with FFIEC guidance calling for layered security, with different controls at various points in a transaction process. Further, financial institutions are able to monetize these services, by selling to their customers and members. These impact Fundtech solution users of CASHplus; PAYplus USA and PAYplus Connect/GFX; ACHplus; and OrigiNET.

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