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May 03, 2011

Google I/O Developer Conference

Google logo 140pxThis is year's Google I/O Developer Conference is the first to feature a track devoted to payments and commerce, including sessions on:
  • Introducing In-App Payments for the Web
  • Google Checkout: A Foundation For Payments
  • Google One Pass: A simple, flexible, Web API for paywalls
  • Integrating to eBooks: APIs to Sell and Read eBooks for Affiliates, Retailers and Device Makers
Full session details are here; the conference is May 10-11 at Moscone Center in San Franciso.

MasterCard Announces 1Q2011 Financial Results

MasterCard logo 140pxMasterCard has announced financial results for the first quarter 2011. Net revenue for the first quarter of 2011 was $1.5 billion, a 14.8% increase versus the same period in 2010. Worldwide purchase volume during the quarter was up 12.9% on a local currency basis versus the first quarter of 2010, to $545 billion. Cross-border volume was up 18.5%.

Press release, supplemental operating results, and an accompanying investor presentation are available on the MasterCard website.

WorldPay to Acquire Envoy Services

Worldpay logo 140pxWorldPay has announced that it is set to acquire Envoy Services Limited, a provider of alternative payment solutions to eCommerce merchants worldwide, for an undisclosed amount.
Established in 2005, Envoy is a UK FSA-regulated global payments service that offers single point access to popular local payment and collection services worldwide. The company provides international eCommerce merchants with the broadest coverage for alternative payment acceptance through a global network of over 200 local bank accounts and 40 alternative payment services as well as a leading fraud screening service. The company is headquartered in London.
In related news, ACI Worldwide announced that WorldPay has recommitted to ACI's BASE24 authorization switch.

Payments Views - Grappling With Groupon

GP Logo Horizontal 140px Glenbrook's Jay DeWitt has been exploring the small-merchant perspective on deal-of-the-day services. He shares his thoughts on our sister blog, Payments Views, in a post entitled "Grappling with Groupon". "I think it’s great that small, local merchants can use Groupon to offer marketing deals and potentially attract new customers… but I also worry for them."

Vindicia Launches New CashBox Billing Service

Vindicia logo 140pxVindicia has announced improved invoicing and hierarchical billing to support digital merchants in the enterprise software, Software as a Service (SaaS) and B2B markets.
Vindicia’s CEO and chairman Gene Hoffman, says, “CashBox has helped dozens of digital merchants increase customer lifetime value, recover lost revenue and improve their customer relationship management. This new version enables us to expand the reach of CashBox in the subscription-based SaaS and enterprise software markets, offering customer retention benefits to a company’s existing marketing and billing processes.


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