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February 01, 2013

Glenbrook White Paper - Mobile Remote Commerce

GP Logo Horizontal 140px Glenbrook's Bryan Derman and Carol Coye Benson have published a white paper entitled, "Mobile Remote Commerce: Addressing the Challenges". The white paper explores the unique aspects of payment fraud in remote mobile commerce, and examines how Payfone combats this new form of fraud while streamlining mobile checkout for the buyer.

The freely-available white paper can be downloaded here.

FIS to Acquire mFoundry

FIS logo 140pxFIS announced it has signed a definitive agreement to acquire the remaining 78% interest in mFoundry.

“mFoundry has a well-earned reputation for innovation, powerful vision and agile development and delivers one of the most advanced mobile platforms in the market today,” noted Gary Norcross, FIS president and chief operating officer. “Consumers have adopted the mobile channel faster than any other delivery channel in existence, and delivering industry-best mobile solutions is a vital focus area for FIS. Our goal is to provide the solutions that underpin an organization’s ability to best reach and serve its customers, and the addition of mFoundry plays a key role in that strategy.”

mFoundry's mobile platform has more than 850 clients including some of the largest banks, credit unions, payments processors, and retailers in the US. mFoundry built the original Starbucks Card mobile app.

MasterCard Announces 4Q2012 Financial Results

MasterCard logo 140px MasterCard has announced financial results for the fourth quarter 2012.

  • Net revenue for the fourth quarter of 2012 was $1.9 billion, a 10% increase versus the same period in 2011. Adjusted for currency, net revenue increased 12%.

  • Worldwide purchase volume during the quarter was up 13% on a local currency basis versus the fourth quarter of 2011, to $727 billion. As of December 31, 2012, the company’s customers had issued 1.9 billion MasterCard and Maestro-branded cards.

  • Cross-border volume was up 17.0%.

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

ACI Worldwide Acquires Online Resources (ORRC)

Aci worldwide logo 140x60px ACI Worldwide announced that it is acquiring Online Resources (ORCC), a leading provider of online banking and full-service bill pay solutions.

“Built on our heritage of producing highly reliable and trusted solutions, ACI Worldwide’s mission is to deliver universal payment solutions that provide control, choice and flexibility to our customers while maintaining their peace of mind,” said Philip Heasley, President and CEO of ACI Worldwide. “Online Resources’ robust product set and talented employee base of online banking and payment experts is well-aligned with this focus and our desire to lead in a category undergoing accelerating change.”

The acquisition will also broaden ACI Worldwide’s customer base with the addition of 1,000 banks, credit unions, billers, credit card issuers, and other credit and payment service providers.

TransCard Partners With Watch2Pay on NFC-enabled Wrist Watch

Watch2pay logo 140x60px TransCard has announced an exclusive partnership with Watch2Pay to provide the first MasterCard PayPass-enabled wrist watch in the U.S. market.

“NFC innovations are taking a number of form factors and the innovations around NFC-enabled devices will only become more prevalent as the technology becomes more mainstream. We are excited to have the exclusive partnership with Watch2Pay in the U.S. and bring this convenient and innovative offering to our FI partners,” says Craig Fuller, TransCard CEO.

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