eGlobal Selected as Preferred ATM Supplier

eGlobal ATM services for the hospitality industry announced a renewed four-year partnership with Avendra to be a preferred supplier of ATM services to Avendra’s customers. Though eGlobal has been a preferred supplier of ATM services for Avendra for several years, this agreement represents an enhanced program for Avendra’s customers and reduces the number of preferred suppliers in the ATM services segment, making Avendra’s support for this offering clear. As an endorsement of this program, Sage Hospitality recently adopted the Avendra offering and is in the process of transitioning its properties over to eGlobal.

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Heartland Payment Systems CEO Innovator of the Year

Bob Carr, Heartland Payment Systems CEO, has been named the 2013 Innovator of the Year by the Princeton Regional Chamber of Commerce. Carr will be formally recognized at the Annual Business Leader Awards presentation and gala at the Tournament Players Club Jasna Polana on December 4, 2013. Carr was the driving force in helping Princeton merchants launch the OnePrinceton program last month. OnePrinceton is a secure payments system that allows merchants to easily donate one percent of each OnePrinceton purchase to the buyer’s participating nonprofit organization in the Princeton area when shopping at merchants that participate in the program. Consumers can participate in the OnePrinceton program by directly linking their checking or savings account through either a OnePrinceton card or a smartphone QR code, both of which require PINs for added security.

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MoneyGram to Present at the Deutsche Bank Finance Conference

MoneyGram, a leading global money transfer and payment services company, announced that Larry Angelilli, senior vice president and treasurer at MoneyGram, will present at the Deutsche Bank 21st Annual Leveraged Finance Conference in Scottsdale, Arizona on Wednesday, October 2, 2013. The discussion will take place at approximately 7:10 p.m. Eastern Time / 6:10 p.m. Central Time at The Phonecian. The presentation will also be available via webcast at ir.moneygram.com. MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs.

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Bank of Punjab Issues Debit MasterCards

Keeping in view its vision of a customer-focused bank with service excellence, BOP opens new doors of convenience for its customer base of over 700,000 customers. BOP has an extensive network of 306 branches across Pakistan with over 126 ATMs. BOP will be the first bank in Pakistan going for Master Debit Card issuance over 1Link. This will also be BOP’s first set of branded debit cards. Customers can now also use their debit cards globally at all MasterCard accepting POS locations and ATMs. MasterCard is accepted worldwide at over 36 million locations. Coming from one of the largest networks of payment cards, MasterCard debit card is an emblem of convenience, accessibility and control.

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USA Technologies Posts Revenue Up 24% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies announced a 3Q/13 24% increase in total revenues to $35.9 million and a 29% increase in license and transaction fee revenues to $30.0 million, representing 84% of total revenues for the 2013 fiscal year. Meanwhile, adjusted EBITDA of $5.8 million up from an Adjusted EBITDA loss of ($2.8) million;…

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AFEX Announces CFO Appointment

AFEX non-bank provider of global payment and risk management solutions appointed Richard Verasamy CFO. The last 20 years in various senior finance positions within the financial services industry, Richard was most recently the Chief Financial Officer and Chief Risk Officer for Jameson Bank, a Canadian owned Schedule 1 Bank that specializes in commercial foreign exchange services. Prior to this, Richard held various roles with Travelex including CFO of the Americas and subsequently the Global Finance Director for Travelex’s Commercial FX Division.

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FIS to Showcase Key Payment Innovations

FIS will bring a robust presence to this year’s Money2020 conference, the leading annual event for emerging payments and financial services. One of Forbes 100 Most Innovative Companies, FIS will demonstrate the success of its Mobile Wallet with Cardless Cash Access, which allows users to not only pay using their smart phones, but also withdraw money from an ATM. These include FIS Mobile Retail – An integrated mobile experience of payment, loyalty and Mobile Wallet, which will showcase a retail scenario at which a customer will pay using a mobile device, receive an offer to visit the retailer and make additional purchases while scoring points to move up to next loyalty tier; FIS Mobile Wallet with Cardless Cash Access – A City National Bank branded application and live, branded ATM at which users can withdraw cash via a mobile device; and FIS Mobile PayNet – A demo of how PayNet – FIS’ global, real-time, cross-network money movement solution – can be used to shop and deliver cash back.

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eGlobal Renews & Expands BJ’s ATM Contract

eGlobal announced a contract renewal with BJ’s Wholesale Club, its sole provider of ATM services. Adding a long-term contract extension to a relationship started in 2009, eGlobal, a leading supplier of full-service ATM solutions, will continue to own and operate more than 200 ATMs located in BJ’s Clubs.This program will continue to offer an important service to BJ’s Members, and also create a compelling opportunity for banks and credit unions to participate in eGlobal’s ATM Branding Program. Utilizing this program, financial institutions experience increased brand awareness, market reach, and surcharge-free transactions for their account holders at BJ’s Club locations.

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WorldPay Buysout Century Payments

The WorldPay Group announced WorldPay US has recently agreed to the purchase of Century Payments. WorldPay US will now strengthen its strategic partnership model and gain advanced sales tools and analytics. This transaction is the culmination of a long-standing relationship between WorldPay and Century Payments. Financial Technology Partners LP and FTP Securities LLC (together, “FT Partners”) served as exclusive financial and strategic advisor to Century Payments.

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Corethree adds Barclays Pingit mTicketing app

Corethree has formed a strategic partnership with Barclays for the inclusion of Barclays Pingit ‘mobile check-out’ in Corethree’s award-winning mobile wallet for transport ticketing. This is a UK first in mobile commerce and sees the cutting edge UK tech company Corethree become the first business to integrate Barclays Pingit mobile checkout. Wessex Bus’ Uniconnect network in Bath will go live with Corethree’s m-ticketing solution on Monday 23rd September 2013 as part of Bath University’s freshers’ week. Over the next 12 months, Corethree and Barclays will rollout their mobile payment services to other transport operators to reach as many as 1 million passenger journeys per day.

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Employment Continues to Climb Along with Credit Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate edged down to 7.3% from the July figure of 7.4%. This in conjunction with the total outstanding revolving US consumer credit up 4.5% in June from last year to an adjusted $850B, which continued to erase all positive…

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MoneyGram to Present at the Deutsche Bank Conference

MoneyGram senior vice president and treasurer is set to present at the Deutsche Bank 21st Annual Leveraged Finance Conference in Scottsdale, Arizona on Wednesday, October 2, 2013. MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 327,000 agent locations — including retailers, international post offices and financial institutions — in nearly 200 countries and territories.

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