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« January 20, 2013 - January 26, 2013 | Main | February 3, 2013 - February 9, 2013 »

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.

January 31, 2013

Ingenico To Acquire Ogone for $484 Million

Ingenico logo 140x60pxIngenico announced it has reached an agreement with Summit Partners to acquire Ogone, a leading pan-European online payment services provider for US$484 million.
Based in Brussels, Ogone has developed, over the past ten years, a recognized expertise in making online payment services less complex, more efficient and secured for merchants. Thanks to its scalable, in-house and robust platform and its experienced management team, Ogone has built a prime, truly international client base with over 42,000 merchants, highly diversified in terms of sizes, segments or distribution channels. In 2012, with more than 280 employees, Ogone reached €42 million of revenue, with an EBITDA margin of around 30%.

Facebook Introduces New Type of Gift Card

Facebook logo 140pxFacebook has introduced the Facebook Card, a new type of 'social' gift card that can hold multiple prepaid balances good at different merchant locations.
After you've received a card, the next time you get a Facebook Card gift, it will instantly be added to your existing card. Your card can hold multiple gift balances, and each balance is dedicated to the retailer associated with the gift. For example, you might have gift balances of $100 at Sephora, $75 at Target, $50 at Olive Garden, and $8.25 at Jamba Juice.

The ability to send a Facebook Card gift will roll out gradually to users in the US.

First Data Reports Fourth Quarter and Fully Year 2012 Financial Results

First data logo 140x60pxFirst Data has reported its financial results for 4Q2012 and Full Year 2012:
Consolidated revenue for the fourth quarter was $2.8 billion, up $69 million, or 3%, compared to a year ago, primarily driven by a $55 million increase in debit network fees. Adjusted revenue, which excludes certain items including debit network fees, increased $18 million, or 1%, year-over-year to $1.8 billion.

Consolidated revenue for the full year 2012 was $10.7 billion, flat year-over-year due to revenue growth in the global merchant acquiring business offset by lower debit network fees. Full-year adjusted revenue increased 3% to $6.76 billion.

January 28, 2013

NACHA Issues Final Guidelines For Use Of QR Codes in Consumer Bill Pay

NACHA logo 140pxNACHA's Council for Electronic Billing and Payment (CEBP) has issued the final guidelines for the use of Quick Response (QR) codes in consumer bill payment. "The guidelines, developed in collaboration with CEBP members and refined through industry input, describe the use of QR codes in a variety of bill payment functions such as viewing bills, making bill payments, enrolling for eBills and setting up payees in online banking."

Intuit Acquires Payvment's Team, Technology, and Patents

Intuit logo 140pxPayvement, a leading eCommerce enabler on Facebook, has announced that it is shutting down and transitioning it merchant based to Ecwid. But TechCrunch has the backstory:
Earlier today Facebook ecommerce platform Payvment announced it was shutting down and transitioning its 200,000 merchants to competitor Ecwid, but we’ve just discovered that’s because Intuit is acquiring Payvment’s team, technology, and patents.

Full TechCrunch story is here.

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