OTI 1Q/12 Revenue Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] On Track Innovations contactless technology for secure identification, payment and transaction processing technologies on secure ID, NFC, payment and loyalty applications posted 1Q/12 revenue up 5% to $12.6 million from the year ago figure of $12.0 million. Additional disclosures indicate operating cash flow up $0.5 million from ($0.8) million in 1Q/11;…

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USA Technologies Provides Additional Insight on Dissident Shareholder

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries, sent a letter to shareholders providing additional insight on dissident shareholder Bradley Tirpak, as well as the destruction of shareholder value at Direct Insite Corp., after a group of shareholders, including Tirpak, took control…

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Western Union Partners Redstone FCU

Western Union global payments and Right Choice Money Services, a wholly owned subsidiary of Redstone FCU, announced an agreement for Right Choice Money Services to offer its customers Western Union global money transfer and online money transfer services. Right Choice Money Services customers can now send and receive domestic or international money transfers with funds accessible for pay out at more than 500,000 Western Union Agent locations in more than 200 countries and territories.

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Austin Telco FCU Joins Star Network

Austin Telco Federal Credit Union inked a multi-year agreement joining the Star Network, which will provide PIN-secured debit POS and ATM access to the credit union’s members. With more than $1 billion in assets, Austin Telco serves members throughout the five-county Austin metro area. STAR is one of the nation’s leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations, and a subsidiary of First Data payment processing.

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Mobilis adds NFC and Biometric Authentication for mRemittance

Mobilis Networks international software applications company offering mobile wallet and billing solutions for mobile operators announced software services. These services include mobile wallets using POS fingerprint verification for international money transfers to mobile wallets and NFC mobile payments that support any mobile phone. By deploying Mobilis’ mobile wallet services for international remittances, a mobile operator can receive international money transfers directly into their subscribers’ mobile wallets through point-of-sale devices located in other countries.

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epay Launches Ria Branded PINless Calling Product

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] epay, a division of Euronet Worldwide and a leading prepaid and payments processor in the U.S., in conjunction with its sister company Ria Financial Services (Ria), announces the launch of “Ria PINless Calling.” The product is currently live in more than 42,000 epay locations across the U.S., with Ria locations scheduled…

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MoneyGram Warns Consumers of Scammers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, a leading global money transfer company, is advising consumers not to pack away caution and common sense during the summer vacation season. According to Kim Garner, senior vice president of global security and investigations for MoneyGram, two scams that attempt to steal funds through a money transfer – but are…

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Intuit Launches Free Payment Reminder App

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Intuit has launched MoneyDue, a free app that turns business appointments into payment reminders on iPhone and iPod Touch devices. The new app from Intuit PaymentNetwork uses the calendar feature on the iPhone or iPod Touch to convert calendar appointments into payment reminders, and gives small business owners the ability to…

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CFSI Presents The 7th Annual Underbanked Financial Services Forum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Co-sponsored by the Center for Financial Services Innovation and SourceMedia, the Underbanked Financial Services Forum is a national event focused squarely on fostering a cross-sector audience for critical learning and dialogue to create the conditions for innovation around serving the financially underserved. We expect more than 600 participants representing banks, credit…

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Bluepoint Partners Operation School Bell on School Supplies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bluepoint Solutions announced it is partnering with the Las Vegas chapter of the national Assistance League to support the needs of Operation School Bell, a volunteer-based program that provides children in need with new school clothing, jackets, shoes, backpacks and school supplies. The program is designed to assist students from kindergarten…

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Mi-Pay Launches Facebook Payment App

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mi-Pay, a PCI certified leader in the mobile payment solutions market, has launched a Facebook Application that allows customers top-up up their mobile pre-paid phone accounts directly from Facebook. This initiative is one of a range of secure payment mechanisms that customers of Mi-Pay can access. Facebook gives mobile operators a…

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