Wright Express Posts Revenue Up 8%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wright Express business payment processing and information management solutions posted total revenue for 2Q/12 increased 8% to $153.1 million from $141.3 million for the second quarter of 2011. Wright Express uses fuel-price derivative instruments to mitigate financial risks associated with the variability in fuel prices in North America. Average number of…

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Comdata Supports Cardless Fuel Transactions

Love’s Travel Stops implemented its RFID cardless fueling technology on Comdata’s financial processing software, in conjunction with DFConnect, at all travel stop locations. More than 100 of Love’s locations will have cardless fueling technology available for professional drivers by the end of August and the entire Love’s network of travel stops will have it available in September. RFID technology automates the fueling process with the use of low-cost RFID tags in professional drivers’ vehicles. The software and RFID equipment are designed to detect a truck’s RFID tags in the fueling lane and turn on dispensers wirelessly, with little or no driver data input. Pumps are automatically turned off by RFID software after a truck leaves the fueling bay, which can reduce fuel theft incidents.

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Mvelopes Launches Mobile Payment Service

Mvelopes launched its Mobile Bill Pay service for its iPhone, iPod touch and iPad apps to instantly pay bills and budget while on the go. The Mvelopes Mobile Bill Pay lets users pay bills from multiple accounts and lets users transfer money from one bank to another. Payments and transfers are automatically tracked and forecast for future payment to help users stay organized and on budget. The new Mobile Bill Pay feature integrates seamlessly with the Mvelopes online budgeting and money management solution that uses tried-and-true “envelope budgeting” principles to help users reduce debt, save for the future. The new Mobile Bill Pay Service is now available on the Mvelopes Premium plan for $9.95 per month.

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FIS Secures ATM Switching to Philippine National Bank

FIS announced Philippine National Bank (PNB) has signed a multi-year agreement for delivery of an integrated retail payments platform supported by FIS’ CONNEX Electronic Funds Transfer (EFT) switching solution. Seeking to modernize its ATM switching solution, PNB selected FIS’ CONNEX for its exceptional EFT processing capabilities that meet the bank’s requirements for the future. The comprehensive functionality and flexibility of FIS’ CONNEX platform will enable PNB to offer customer services of the highest quality. It also offers an enterprise-grade EFT and payments switching solution used by many institutions whose monthly transaction volume exceeds 1 billion transactions, driving more than 53,000 ATMs through a single deployment.

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PCI DSS staff awareness Training Required for PCI DSS Standard

IT Governance PCI and information security experts reported organisations required to comply with the PCI DSS standard, are increasingly deploying PCI DSS Staff Awareness e-learning to meet requirement 12.6 of the standard. The PCI DSS Staff Awareness eLearning enables organisations to impart basic, and yet fundamental, training on the PCI requirements. IT Governance Ltd is the single source provider for books, tools, training and consultancy for IT governance, risk management and compliance. It is a leading authority on ISO27001, data security and IT governance for business and the public sector. IT Governance is ‘non-geek’, approaching IT issues from a non-technology background and talking to management in its own language. Its customer base spans Europe, the Americas, the Middle East and Asia. More information is available at www.itgovernance.co.uk.

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TCBIL Inks ATM Deal Making it Largest in the Nation

Tata Communications Banking InfraSolutions, specialising in payment solutions for the banking and financial services sector secured a contract to deploy and manage nearly 14,000 ATMs for all public sector banks across Tamil Nadu & Puducherry, West Bengal & Andaman & Nicobar and Andhra Pradesh. This brings its total managed ATMs under contract to almost 27,000 nationwide. For the bank, TCBIL will deploy and manage nearly 14,000 ATMs over a span of two years for all 21 public sector banks. Around 50% of the total rollout would be in semi urban and rural locations and the remaining 50% would be deployed in metro and urban markets.

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Heartland Payment Net Income Soars Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems payment processor posted 2Q/12 net income of $17.8 million and an adjusted net income of $20.3 million, compared to the year ago period of $13.6 million. Meanwhile the transaction processing volume was $18.6 billion, up 6.2% from 2Q/11, the quarterly net revenue was $135.3 million, up 10.7% and…

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Fiserv Posts 2Q/12 Revenue Up 3% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv financial services technology solutions posted a 2Q/12 revenue of $1.10 billion compared with the year ago figure of $1.07 billion while adjusted revenue was $1.03 billion, compared with the year ago figure of $1 billion for an increase of 3%. Throughout 1H/12, revenue was $2.21 billion compared with $2.11 billion…

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American Express and Twitter Launch Social Media Tutorial

American Express launched its “Social Media Show + Tell” series, adding tutorial videos explaining how small businesses can leverage Twitter to extend their brand influence. American Express offers an enhanced LinkedIn user group for small business professionals, Business Knowledge Share, in conjunction with the Head of Agency and Brand Advocacy at Twitter. The videos offer a step-by-step tutorial for group members that include insight into the value of increasing followers, the purpose of hashtags and how to successfully share a message in 140 characters or less. The Social Media Show + Tell video includes how to tweet, retweet, connect with the audience and maximize presence.

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Chase Ink Cardholders Get a Boost in Rewards

Ink from Chase Card Services launched its enhanced rewards program for the Ink Plus credit card, allowing cardholders to accumulate customized points quicker for their small business, featuring five points per dollar spent at office supply stores and on cellular phone, landline, Internet and cable TV services; two points per dollar spent at gas stations and hotels, and one point on all other spending. The “Ink Plus” program lets cardholders earn five points per dollar on the first $50,000 in annual spend at office supply stores and on cellular phone, landline, Internet and cable TV services and two points per dollar on the first $50,000 in annual spend at gas stations and on hotel accommodations when purchased directly with the hotel. Also, Ink cardholders can earn one point per dollar on all other card purchases, with no limits. Given points don’t expire, they enjoy a 1:1 points transfer to leading airline and hotel loyalty programs and 20% off airfare, hotels, car rentals and cruises when they redeem for travel through the ‘Ultimate Rewards’ rewards program.

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Gilbarco Veeder-Root and Wayne Integrate Isis mPayment

Isis mobile commerce joint venture created by AT&T Mobility, T-Mobile USA and Verizon Wireless announced Wayne, a GE Energy Business, and Gilbarco Veeder-Root will provide integrated support for the Isis “SmartTap” mobile commerce app. Allowing consumers to quickly and efficiently pay, present loyalty cards and redeem offers with a single tap of their Isis Ready phones at the gas pump, Gilbarco Veeder-Root’s modular payment architecture will be equipped to accept SmartTap, factory-installed fuel dispensers and retrofitted fuel dispensers currently installed at convenience stores across the country.

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TD Bank Deploys Fiserv ePayment

Fiserv financial services technology solutions announced TD Bank will implement its “CheckFree RXP” electronic bill payment. The “CheckFree RXP” will provide TD Bank customers more control over their bill payment tasks and will enable them to receive e-bills from more than 400 national and local companies directly within their online banking service. It allows TD Bank customers access to Fiserv electronic billing and payment for next business day delivery of most payments and bill payment for tens of millions of consumers and is offered by 3,800 financial institutions, a number that increases each month.

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