Postea Partners NCR on Advancing POS

Postea partnered NCR Corporation to jointly market its POS system for international post offices and their alternate access channels. The “Reflex Retail” postal retail sales engages the customer and leverages social networks to deliver higher revenue per customer session and ease the burden of complying with government mandated documentation. It lets customers link the post office to the internet, extending a single transaction into an ongoing electronic relationship.

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uShip Deploys Payoneer Flexible Payment Platform

Payoneer global payments announced U.S. transporters on uShip.com can now access their payments within minutes. Providing payment immediately upon release of funds, Payoneer gives transporters access to its online transport marketplace and the capital they need wherever and whenever necessary. uShip transportation marketplace for vehicle, freight and household goods shipping markets launched uShip “Payments” payment system that helps carriers get paid quickly online. The Payoneer solution helps further expedite the payment process for transporters.

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Smart Card Alliance Establishes Mobile, NFC Council

The Smart Card Alliance announced the newly-formed Mobile and NFC Council to raise awareness and accelerate the adoption of the numerous applications possible with NFC technology. The Council having attracted over 60 organizations and more than 120 individuals to date will take a broad industry view and bring together stakeholders in the different vertical markets that can benefit from mobile and NFC applications including payments, loyalty, marketing, promotion/coupons/offers, peer-to-peer, identity, access control and transit applications. It will provide educational resources for organizations offering or implementing NFC applications and services to foster deployment of NFC technology in the marketplace; a business-focused organization where all industry stakeholders can collaborate, network, share implementation experiences, and discuss new mobile and NFC applications; and collaborate with other organizations to discuss, define and promote standards for NFC application implementations.

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iPayment Processes $5.5B Total in 1Q/12, Revenue Down 2.5% Y/Y

iPayment announced its 1Q/12 processing volume total of $5.5 billion in transactions, a 2.8% increase from $5.4 billion for the same period in 2011, while total revenues were down 2.5% to $165.4 million from the year ago figure of $169.6 million. Net income was approximately $0.5 million for iPayment and its consolidated subsidiaries, and net loss was $5.9 million for Holdings and its consolidated subsidiaries for the first quarter of 2012, in each case, compared to net income of $7.6 million for the first quarter of 2011. Results for the first quarter of 2012 included higher amortization expense and higher interest expense as a result of the refinancing and equity redemption that were completed in May 2011. The Company had approximately 130,000 active merchants at the end of the first quarter of 2012.

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Computer Services Implements ReD Card Sentry Risk Mitigation

ReD fraud prevention and payment services and Computer Services announced their partnership. With this, Card Sentry risk mitigation system deployed ReD “PRISM” fraud-detection capabilities for overall fraud-monitoring services and will also enable CSI to integrate and manage customer relationships more effectively. The ReD “PRISM” is incorporated into CSI’s Card Sentry and uses dynamic rule strategies to determine the likelihood of a transaction being fraudulent and reduces the number of fraudulent transactions that occur before the fraud is identified and cards are blocked, reducing overall fraud losses. The system expands Card Sentry’s case management and workflow capabilities, enhancing CSI’s data analytics and helping to determine any potential points of compromise. ReD “PRISM” provides the flexibility for CSI to enhance and manage the information that is available to their custom rule strategies.

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Evolution1 Preferred Consumer Directed Health Partner with Plexis

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Evolution1, the nation’s largest electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts – including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been chosen by Plexis Healthcare Systems, Inc. as its preferred consumer-directed health Partner. Plexis, a leading payer solution and claims processing…

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Moneyonthego.net Expands With eCommerce Boom

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ABC News has announced that Wal-Mart is launching a new program to allow Internet shoppers to make cash purchases. The first of its kind, this program will open the “under-banked” market, which is made up of low-income families that do not use bank services or credit cards. Moneyonthego.net, an online shopping…

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Alliance Network to Launch New Service

Alliance Network recently announced its decision to operate a payment processing service meant to appeal to its merchant clientele. Alliance Network is a subsidiary of Myroxon Holdings Ltd, a European-based company, and provides payment consulting services as well as content management systems development services. The new service directed at merchants will go into effect in the next few months. Merchants will find the new Alliance Network feature a professional service.

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BPC Banking to Present at Cards and Payments Middle East

BPC Banking Open System e-payment solutions for the global financial industry is set to present at Cards and Payments Middle East 2012, which brings together industry leaders in cards and payments technology. BPC executives will deliver two speeches at the event. In the first speech, on May 15th, Daragh O’Byrne, Chief Marketing Officer, will trace the history of innovation in the payments industry, charting the impact customer needs, regulation and market trends have had on the industry. The second presentation on May 16th, will be delivered by Richard Phillimore, Executive Vice President. During his session Mr Phillimore will discuss the payment hub strategy – where organizations deploy an integrated payments infrastructure which powers their entire business across all types of payments – retail and wholesale, high value and high volume.

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Planet Payment Posts 1Q/12 Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Planet Payment, a leading provider of international payment processing and multi-currency processing services, announced its results for the three months ended March 31, 2012 (“Q1 ’12”). During the first quarter of 2012, the Company again achieved strong operating results. First quarter of 2012 highlights include: — Net revenue for the period…

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Financial Industry Releases mPayment Guidelines

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] As Canadians continue to adopt mobile technology and as demand for mobile payments capability continues to grow, the banking industry and credit union system today announced a set of voluntary, secure, open guidelines for the development of mobile payments at point-of-sale in Canada. The voluntary guidelines, technically known as the Mobile…

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Tanla Partners RIM on mPayment Platform

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Tanla Solutions, the leading provider of Mobile Payments and Rights management solutions, announced that it is working with RIM in the Middle East to deliver Applications Gift Card solutions using its proprietary license management solution for rights management, in application payments and redemption. Through the Gift Card, consumers receive 20 apps…

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