VeriFone Posts 4Q/12 Net Revenue Up 4% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems secure electronic payment solutions announced its fiscal 4Q/12 organic non-GAAP net revenues up 4% from the year-ago quarter. Its North America Organic non-GAAP net revenues were also up 22% both unadjusted and at constant currency, while international Organic non-GAAP net revenues declined 3% from the year-ago quarter but increased…

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MasterCard Announces Minority Investment in C-SAM8

C-SAM m-wallet and MasterCard announced a global strategic partnership, as well as a minority investment by MasterCard. C-SAM provides the end-to-end infrastructure required to operationalize a mobile wallet. This includes back-end management infrastructure, software development kits and on-device software that support secure proximity near field communications (NFC), bar code, QR code and cloud-based transactions. Leveraging the MasterCard digital payment infrastructure including PayPass Wallet Services, C-SAM will be able to significantly enhance its current offering.

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Allpay Obtains MasterCard PayPass Approval

allpay Limited card manufacturer, chip embedder and personalizationhas been fully approved by MasterCard to manufacture and personalize PayPass dual interface products. This guarantees allpay PayPass products meet all the technical requirements of the MasterCard PayPass specification, which can also now offer the EMV-approved PayPass, Paywave, EMV Chip and PIN enabled payment cards.

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Realex Payments Process 63% Greater Y/Y

Realex Payments processed over £65m (€80m) in transaction values on Monday 10th December for a growth in peak processing values of 63% year on year. The average daily value processed increased from £30m (€40m) to £50m (€62m) for the same period (the first shopping week of December). The volumes of transactions proceed during the first 12 days of December also increased by 88% on the same period in 2011. The company signed 740 new clients in the past month.

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EUFISERV Partners PULSE on Global ATM Network

EUFISERV Payments and PULSE debit and ATM network forged a strategic ATM participation agreement. This ultimately allows more than 68 million cards, issued by 600 EUFISERV member banks, to participate in the PULSE Global ATM Network. ATM transactions conducted by EUFISERV member cardholders will be enabled at more than 850,000 ATMs in the PULSE Global ATM Network. PULSE and EUFISERV will focus first on European markets, followed by acceptance opportunities in other PULSE ATM markets where EUFISERV cardholders frequently travel. The companies also plan to look at future opportunities for EUFISERV participants’ card members, both in Europe and around the world.

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Western Union Offers Relief for Typhoon Disaster

Western Union global payment services announced a series of relief efforts to support communities in the Philippines devastated by Typhoon Bopha. With this, westernunion.com is offering fee-free money transfers to the Philippines. The online fee-free* money transfer service to the Philippines is available for all money transfers sent from www.westernunion.com and its mobile app between December 12-21, 2012, and is subject to network, service and currency availability. Additionally, the Western Union Foundation will provide a $50,000 grant to the Philippines Red Cross for shelter, food and basic necessities.

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Discover Names New Bank President

Discover announced James J. Roszkowski has been named president of Discover Bank. Bringing with him more than 30 years of experience in consumer banking, financial services, payments and economic development to the role, Roszkowski is now responsible for all aspects of the Delaware banking activities and serves as a liaison to the greater Delaware business community. Roszkowski is also to manage consumer banking affinity relationships and will sit on the board of directors. He was most recently a senior executive vice president and a member of the Senior Operating Management Committee of MBNA America, where he worked since 1989 and holds a bachelor’s degree in economics and business management from the Peter J. Tobin College of Business at Saint John’s University.

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ControlScan & Foregenix Expand Global Footprint

Specialist Payment Card Industry (PCI) security service providers ControlScan and Foregenix have formed a strategic alliance to deliver a market-leading suite of technology solutions to acquiring banks and merchant service providers working with small and mid-sized businesses (SMBs) in Europe, the Middle East and Africa. In the U.S. marketplace, Atlanta-based ControlScan is recognized for its expertise in helping SMBs understand, navigate and complete their obligations of the PCI DSS. Foregenix conducts a variety of PCI and security-related assessments as well as post-breach investigations throughout the EMEA region. Both organizations are relied upon by acquiring banks and merchant service providers to reduce their associated risk in working with SMB merchants.

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nFinanSe Finishes AccountNow Sale

nFinanSe announced a provider of general purpose reloadable (GPR) prepaid cards in the direct-to-consumer sales channel. Closed in phases, the First Closing involved the sale of the operational assets of nFinanSe to an entity wholly owned by AccountNow. Assets of nFinanSe will consist solely of the stock of nFinanSe Payments Inc., the wholly-owned subsidiary of the Company that holds various state money transmitter licenses. AccountNow has an option to acquire the stock of nFinanSe Payments for a nominal payment at a Second Closing upon certain states granting approval for a change of control of its money transmitter licenses. It is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock and after the Second Closing, nFinanSe will have no assets.

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