GuestLogix POS Apps Available for iOS, Android & Tabs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As airlines introduce popular consumer mobile devices for use by cabin crew onboard in order to increase operational efficiencies, GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced the availability of its popular onboard retailing technology for…

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PCI Council Releases mPayment Guidance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The PCI Security Standards Council (PCI Council) provided guidance to merchants as an initial step in identifying measures that can be taken to facilitate secure acceptance of payments using mobile devices such as smartphones or tablets at the point-of-sale. In particular, the PCI Council’s guidance is intended to provide merchants with…

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WorldPay Launches RFI and Chargeback Management

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WorldPay, the global leader in payment processing, risk and alternative payments has launched Dispute Management System (DMS), a pioneering technology that automates the monitoring and processing of Requests for Information (RFI) and chargebacks, saving merchants considerable time and resource. DMS is a secure chargeback management platform that allows merchants to respond…

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SIX Payment Awarded Bancontact/Mister Cash Processing

Bancontact/Mister Cash Belgian debit card scheme and SIX Payment Services signed a contract for the processing of the Bancontact/Mister Cash debit card transactions, allowing SIX to further expand its presence in the international card business. SIX Payment Services will be responsible for the switching of the Bancontact/Mister Cash transactions. The main trigger for launching the tender process was the decision by the shareholders of Bancontact/Mister Cash to make the scheme SEPA compliant and, thus, open the Belgian payment cards market. In 2011 more than one billion transactions were being processed under the Bancontact/Mister Cash scheme, originating from more than 150,000 points of acceptance (POS, ATM, e-commerce, etc).

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Fime Implements Qatar National Bank NFC

Fime testing services for smart devices and secure chip-based applications has certified Qatar National Bank’s (QNBs) contactless mobile payments solution for its compliance to MasterCard PayPass Specifications.The pilot project is Qatar’s first NFC payments initiative, offering QNB customers and merchants a convenient and quick way to make and accept payments through the use of NFC-enabled handsets and POS contactless terminals. The mobile payments project is part of a phased implementation plan where QNB will work closely with project participants to deploy contactless POS terminals in Qatar’s leading NFC cities.

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Acculynk and National Payments Forge Internet PIN Debit Partnership

Acculynk “PaySecure” PIN authentication for online debit transactions and National Payments Corporation India (NPCI) partnered. With this, Acculynk will be the premiere provider of authentication for all online RuPay debit card transactions, bringing RuPay debit card consumers in India the ability to use their PIN-only debit cards for e-commerce. The RuPay card is a PIN-only based debit card used at ATMs and POS and can now be used to make online purchases. NPCI, promoted by 10 Banks under the aegis of Indian Banks’ Association (IBA), introduced RuPay enabled ATM cards in June, 2011. RuPay debit card was launched on 26th March 2012 with 4 Banks.

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Clydesdale and Yorkshire Banks Partner, Deploy Prepaid Card

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Clydesdale and Yorkshire Banks have launched a new prepaid currency card in partnership with MasterCard®. The card is available to Clydesdale and Yorkshire Bank customers in three currencies – Sterling, Euro or US Dollar. Clydesdale and Yorkshire are the only UK high street banks to offer the card instantly and without…

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DirectCash Acquires InfoCash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DirectCash Payments Inc. today announced an agreement with Triton Systems of Delaware LLC to acquire the ATM business of InfoCash Holdings Limited for £11.8 million ($18,498,860). The purchase includes working capital such as inventory, prepaid expenses and accounts receivable. Direct Cash said that the current InfoCash team will remain in place…

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Cardholders Charge it Up and Pay it Off

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite the latest data showing a 7.8% explosion in consumer charge-ups, charge-offs continued improving. For the fourth straight month, charge-offs fell in May, this time to 5.17% as losses recorded a decrease of 34% from the year ago period. This compares to the April figures of 5.18% and the year ago…

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VeriFone Posts 2Q/12 Revenue Up 64%

VeriFone Systems posted its revenue for the three months ended April 30, 2012 of $479 million, compared to $425 million in the previous quarter and $293 million for the comparable period of fiscal 2011 for a 64% year-over-year increase. GAAP net revenues were $472 million for the latest quarter, $420 million for the prior quarter, and $292 million for Q2 FY11. Non-GAAP net revenues excluding revenues from businesses acquired in the past 12 months increased 15% from the year-ago quarter. Hypercom-brand non-GAAP net revenues increased $8 million sequentially to $81 million in Q2 FY12. Meanwhile, net income per diluted share for Q2 FY12 was $0.64, compared to $0.58 in the prior quarter and $0.46 for Q2 FY11, a 39% year-over-year increase.

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Shareholder Violated Agreements in Proxy against USA Technologies

USA Technologies announced the United States District Court for the Eastern District of Pennsylvania determined that Bradley Tirpak, a dissident shareholder and former board member, whose proxy contest organization operates under the self-laudatory moniker of S.A.V.E., has violated a contractual agreement in an attempted proxy battle against USA Technologies. The Court found that various statements made by S.A.V.E. in the last month violated a non-disparagement provision of an agreement entered into by Tirpak and his affiliates with the Company in May 2011. This enjoins Tirpak from engaging in future violations of the May 2011 Settlement Agreement.

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PayPal Partners ShopKeep POS

Allowing customers to check-in with PayPal and check out at the register at nearly 2,000 merchants with the iPad POS solution from ShopKeep POS, the companies partnered for PayPal cardless payment acceptance at the flat rate of 2.7%. PayPal customers check-in at participating merchants with their PayPal iPhone app. At checkout, the customer’s name and photo will appear on the ShopKeep POS iPad register. The cashier identifies the customer and finalizes the transaction. Once the transaction is complete, the customer is automatically checked out of the store and receives an email receipt of the transaction

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