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May 05, 2011

peerTransfer Launches Streamlined International Student Payment Solution

PeerTransfer logo 140pxpeerTransfer has announced peerTransfer Education, "an online payment processing service that provides significant time and cost savings for US-based schools and their international students. peerTransfer enables these savings by collecting funds in students' home currency and offering wholesale foreign exchange rates, along with reduced transaction fees. The result is significant cost savings as compared to traditional banking solutions -- up to thousands of dollars for a single year's tuition."

Merchant e-Solutions Launches PayEverywhere Mobile Payments Platform

Merchant eSolutions logo 140pxMerchant e-Solutions (MeS) has announced the roll out of a suite of mobile payment apps on their new PayEverywhere platform.
Early adopters of PayEverywhere mobile products include Mark Larson, Owner of Marblesoft, LLC. "We use the PayEverywhere iPhone payment solution at trade shows to take orders on the floor. For ease and reliability, it surpasses any other system we've tried."

May 04, 2011

BayPay Meeting - Tuesday, May 17 - 6-9 PM - Mobile Payments Acceptance

Baypay 140pxThere's a BayPay meeting for San Francisco Bay Area payments professionals being held Tuesday, May 17, from 6-9 PM. The topic is "Business Impact of Mobile Payments Acceptance". If you're already a BayPay member, you should have already received the details on meeting location, etc. If you're not a BayPay member and would like to join or attend, all the details are here.

Blackhawk Network Introduces Gift Card Mall in Mexico

BlackhawkNetwork logo 140pxBlackhawk Network has announced that its Gift Card Mall is now available in hundreds of Office Depot and Comercial Mexicana stores throughout Mexico.
"By bringing Gift Card Mall to Mexico, we are meeting the consumer's demand for prepaid products," said Dan Dmochowski, President of International, Blackhawk Network. "We've brought the most popular brands to one location, so consumers now have the convenience of a one stop shop for all their gifting and prepaid needs."

First Data Reports 1Q2011 Results

First data logo 140pxFirst Data has reported its financial results for 1Q2011. Consolidated revenue for the first quarter increased $142 million to $2.5 billion, up 6% compared to $2.4 billion a year ago. "Revenue growth was primarily attributable to increases in debit network fees, merchant related services from the favorable impact of U.S. economic growth, and improved international volumes."

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.

May 02, 2011

Glenbrook Survey: Tell Us About YOUR Payments Organization

GP Logo Horizontal 140px Every company is different, and each has its own organizational structure to manage the ever-increasing complexity of payments. We are eager to learn how your company manages payments -- and how your payments organization is evolving. We also want to understand the inter-relationship between finance and the payments function.

Please take Glenbrook's Payments Organization Survey now. All survey respondents will receive a copy of the forthcoming research report.

MasterCard Targets Brazil's 75M Unbanked with Reloadable Prepaid Card

MasterCard logo 140pxMasterCard, along with Banco PanAmericano and Rev Worldwide Brazil, have announced availability of Brazil's first reloadable prepaid card. "The PanAmericano MasterCard Prepaid Card is the only general purpose reloadable prepaid card available in Brazil today and does not limit the card's use to specific transactions like existing prepaid products."

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