IRA Endorses Heartland Payment Systems®

Illinois Restaurant Association Joins 40+ State Restaurant Associations, the National Restaurant Association and Council of State Restaurant Associations in Payments Revolution

PRINCETON, N.J.--(BUSINESS WIRE)--The Illinois Restaurant Association has selected Heartland Payment Systems®, one of the nation’s largest payments processors, as its exclusive endorsed provider of card processing, gift marketing, tip management and check management solutions. Heartland’s payroll services will be added to the endorsed offering effective June 7, 2010. This integrated suite of solutions is a product of the first-ever unified payments processing platform for the restaurant industry.

“We look forward to working with the IRA and its member restaurants.”

“Partnering with Heartland provides our members access to the most advanced payments technology in the industry, technology that can help them save time and money in the management of key business services,” said Sheila O'Grady, president at the Illinois Restaurant Association. “Through its advocacy and education initiatives, it’s clear Heartland has the best interests of restaurateurs — and the restaurant industry — at heart.”

Bob Carr, chairman and chief executive officer at Heartland, added, “At Heartland, we’re on a mission with the IRA and other restaurant associations to educate and empower operators so they can improve their bottom lines and their businesses. Restaurateurs deserve fair-deal, best-in-class business solutions and support — and that’s exactly what we give them.”

Earlier this year, Heartland, the National Restaurant Association, the Council of State Restaurant Associations and many state restaurant associations launched Full Course Business Solutions^SM, a revolutionary suite of tools and resources designed to help restaurateurs enhance their operations and maximize their profitability. Illinois is the 41^st state restaurant association to join this alliance.

“Earning our partnership with the Illinois Restaurant Association is a significant milestone as Heartland continues to expand and deepen our relationships with state restaurant associations nationwide,” said Dennis Carpenter, director of association alliances at Heartland. “We look forward to working with the IRA and its member restaurants.”

To learn more about Full Course, visit GoFullCourse.com.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE:HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, gift marketing and loyalty programs, payroll,check management and business solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.org, CostOfABurger.com andE3secure.com.

About The Illinois Restaurant Association

Founded in 1914, the Illinois Restaurant Association is a non-profit organization dedicated to promoting, protecting, educating and improving the restaurant industry in Illinois. The foodservice industry in Illinois produces $18.3 Billion in annual sales and is the largest private sector employer in the State with 510,000 jobs. Together with the Educational Foundation, the IRA strives to build Illinois' hospitality workforce through career exploration and development programs, scholarships and image enhancement.

IRA Endorses Heartland Payment Systems®

Illinois Restaurant Association Joins 40+ State Restaurant Associations, the National Restaurant Association and Council of State Restaurant Associations in Payments Revolution

PRINCETON, N.J.--(BUSINESS WIRE)--The Illinois Restaurant Association has selected Heartland Payment Systems®, one of the nation’s largest payments processors, as its exclusive endorsed provider of card processing, gift marketing, tip management and check management solutions. Heartland’s payroll services will be added to the endorsed offering effective June 7, 2010. This integrated suite of solutions is a product of the first-ever unified payments processing platform for the restaurant industry.

“We look forward to working with the IRA and its member restaurants.”

“Partnering with Heartland provides our members access to the most advanced payments technology in the industry, technology that can help them save time and money in the management of key business services,” said Sheila O'Grady, president at the Illinois Restaurant Association. “Through its advocacy and education initiatives, it’s clear Heartland has the best interests of restaurateurs — and the restaurant industry — at heart.”

Bob Carr, chairman and chief executive officer at Heartland, added, “At Heartland, we’re on a mission with the IRA and other restaurant associations to educate and empower operators so they can improve their bottom lines and their businesses. Restaurateurs deserve fair-deal, best-in-class business solutions and support — and that’s exactly what we give them.”

Earlier this year, Heartland, the National Restaurant Association, the Council of State Restaurant Associations and many state restaurant associations launched Full Course Business Solutions^SM, a revolutionary suite of tools and resources designed to help restaurateurs enhance their operations and maximize their profitability. Illinois is the 41^st state restaurant association to join this alliance.

“Earning our partnership with the Illinois Restaurant Association is a significant milestone as Heartland continues to expand and deepen our relationships with state restaurant associations nationwide,” said Dennis Carpenter, director of association alliances at Heartland. “We look forward to working with the IRA and its member restaurants.”

To learn more about Full Course, visit GoFullCourse.com.

About Heartland Payment Systems

Heartland Payment Systems, Inc. (NYSE:HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing, gift marketing and loyalty programs, payroll,check management and business solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.org, CostOfABurger.com andE3secure.com.

About The Illinois Restaurant Association

Founded in 1914, the Illinois Restaurant Association is a non-profit organization dedicated to promoting, protecting, educating and improving the restaurant industry in Illinois. The foodservice industry in Illinois produces $18.3 Billion in annual sales and is the largest private sector employer in the State with 510,000 jobs. Together with the Educational Foundation, the IRA strives to build Illinois' hospitality workforce through career exploration and development programs, scholarships and image enhancement.

Discover® Small Business WatchSM: Small Business Confidence Continues to Rise

More Small Business Owners See Economy Getting Better

Vacation Poll: Can Small Business Owners Afford Time Off?

Better Economic Outlook May Be Inspiring More Vacation Plans

RIVERWOODS, Ill.--(BUSINESS WIRE)--Small business owners’ confidence increased for the second straight month in May, rising to its highest level in seven months, according to the Discover^®Small Business Watch^SM. The index rose to 87.4 from 85.1 in April, driven in part by more small business owners believing the economy is improving.

“By their responses, small business owners are seeing improvement in the economy in spite of bad news.”

“This boost could be significant because we were polling following the week in which the Greek banking crisis reverberated through Europe, the gulf oil spill intensified and the Dow Jones plunged below 10,000,” said Ryan Scully, director of Discover’s business credit card. “By their responses, small business owners are seeing improvement in the economy in spite of bad news.”

In May, 35 percent of small businesses surveyed said they believe the economy is getting better, up from 31 percent in April; 51 percent say the economy is getting worse, down a point from the previous month; and 12 percent see the economy as the same, down from 14 percent in April.

The percentage of small business owners rating the current economy as good or excellent was 12 percent in May, compared to 13 percent in April. The April and May ratings on the current state of the economy are the highest since June 2008. Thirty-two percent rate the economy as fair in May, while 56 percent still think it’s poor.

Other May Confidence Indicators:

• Small businesses reporting cash flow issues held steady at 45 percent, the lowest number in seven months. Forty-eight percent reported no cash flow issues, and 7 percent were unsure.


• 28 percent of small business owners say economic conditions for their businesses are getting better, down from 30 percent in April; 44 percent said conditions are getting worse in May, down from 48 percent in April; and 24 percent said things are staying the same, up from 19 percent in April.


• 25 percent of small business owners indicated they were increasing business spending in May, up from 23 percent in April, while 46 percent said they were reducing spending this month, compared with 43 percent in April, and 31 percent said they are spending the same, up from 25 percent in May.

More Small Business Owners May Find Time for a Break

Although the recession forced more than half of small business owners to postpone or cancel their vacations during the past two years, a few more are considering some time off this year: 51 percent of small business owners said in May that the economy forced them to cancel or postpone vacations or time off, down from 58 percent last year, while 40 percent they had not changed plans because of the economy, up from 38 percent last year.

Small business owners also appear to have cut back on the amount of time they spend on the job: 56 percent of small business owners reported in May that they work six or more days a week, down from 61 percent last year. Prior to the recession, 45 percent of business owners said they worked six- and seven-day work weeks.

Fifty-five percent of small business owners say it has been two or more years since their last week-long vacation.

More Time-Related Findings:

• Non-self-employed people aren’t as affected by the economy when it comes to the recession: 44 percent of them reported they will delay or cancel a vacation this year, compared with small business owners at 51 percent.


• For small business owners who are postponing or canceling vacations due to the economy, 78 percent indicated they are doing so to save money or pay business-related bills.


• Small business owners continue to work longer hours per day than they did pre-recession. This year, 38 percent reported working 10 or more hours per day, compared to employees, which is statistically steady with 2009, when 39 percent reported doing so. These numbers are significantly higher than in 2008, when only 30 percent reported doing so. Only 19 percent of the general population in 2010 reported working ten or more hours per day.


• Small business owners are still working through the holidays far more than most people. This year, 55 percent say they will work through most, if not all, holidays, slightly down from 57 percent in 2009, but higher than the 47 percent that reported doing so in 2008. The number still outpaces non-self-employed people significantly, with only 27 percent of them saying this year that they will work through most or all holidays.

The views and opinions expressed by small business owners and consumers who participate in the Small Business Watch survey are their own and do not necessarily reflect those of Discover Financial Services or its affiliates.

About the Small Business Watch

The Discover Small Business Watch is a monthly index measuring the relative economic confidence of U.S. small business owners who have less than five employees, a segment that consists of 22 million businesses producing more than a trillion dollars in annual receipts. The Watch is based on a national random survey of 750 small business owners. It is commissioned by Discover Business card, which strives to offer the best business credit card for American small businesses, and is conducted by Rasmussen Reports, LLC (www.rasmussenreports.com), an independent survey research firm. The numeric index is calculated by assigning values to responses to a set of six consistent questions. The base value of the Watch was established at 100.0 based on surveys conducted in August 2006. In addition to generating the index, the Small Business Watch surveys small business owners every month on key issues, and polls 3,000 consumers four times per year to gauge purchasing behavior and attitudes towards small businesses. For past results and survey data, visit www.discovercard.com/business/watch. For information on Discover Business card, visit www.discovercard.com/business.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6309494&lang=en

Discover® Small Business WatchSM: Small Business Confidence Continues to Rise

More Small Business Owners See Economy Getting Better

Vacation Poll: Can Small Business Owners Afford Time Off?

Better Economic Outlook May Be Inspiring More Vacation Plans

RIVERWOODS, Ill.--(BUSINESS WIRE)--Small business owners’ confidence increased for the second straight month in May, rising to its highest level in seven months, according to the Discover^®Small Business Watch^SM. The index rose to 87.4 from 85.1 in April, driven in part by more small business owners believing the economy is improving.

“By their responses, small business owners are seeing improvement in the economy in spite of bad news.”

“This boost could be significant because we were polling following the week in which the Greek banking crisis reverberated through Europe, the gulf oil spill intensified and the Dow Jones plunged below 10,000,” said Ryan Scully, director of Discover’s business credit card. “By their responses, small business owners are seeing improvement in the economy in spite of bad news.”

In May, 35 percent of small businesses surveyed said they believe the economy is getting better, up from 31 percent in April; 51 percent say the economy is getting worse, down a point from the previous month; and 12 percent see the economy as the same, down from 14 percent in April.

The percentage of small business owners rating the current economy as good or excellent was 12 percent in May, compared to 13 percent in April. The April and May ratings on the current state of the economy are the highest since June 2008. Thirty-two percent rate the economy as fair in May, while 56 percent still think it’s poor.

Other May Confidence Indicators:

• Small businesses reporting cash flow issues held steady at 45 percent, the lowest number in seven months. Forty-eight percent reported no cash flow issues, and 7 percent were unsure.


• 28 percent of small business owners say economic conditions for their businesses are getting better, down from 30 percent in April; 44 percent said conditions are getting worse in May, down from 48 percent in April; and 24 percent said things are staying the same, up from 19 percent in April.


• 25 percent of small business owners indicated they were increasing business spending in May, up from 23 percent in April, while 46 percent said they were reducing spending this month, compared with 43 percent in April, and 31 percent said they are spending the same, up from 25 percent in May.

More Small Business Owners May Find Time for a Break

Although the recession forced more than half of small business owners to postpone or cancel their vacations during the past two years, a few more are considering some time off this year: 51 percent of small business owners said in May that the economy forced them to cancel or postpone vacations or time off, down from 58 percent last year, while 40 percent they had not changed plans because of the economy, up from 38 percent last year.

Small business owners also appear to have cut back on the amount of time they spend on the job: 56 percent of small business owners reported in May that they work six or more days a week, down from 61 percent last year. Prior to the recession, 45 percent of business owners said they worked six- and seven-day work weeks.

Fifty-five percent of small business owners say it has been two or more years since their last week-long vacation.

More Time-Related Findings:

• Non-self-employed people aren’t as affected by the economy when it comes to the recession: 44 percent of them reported they will delay or cancel a vacation this year, compared with small business owners at 51 percent.


• For small business owners who are postponing or canceling vacations due to the economy, 78 percent indicated they are doing so to save money or pay business-related bills.


• Small business owners continue to work longer hours per day than they did pre-recession. This year, 38 percent reported working 10 or more hours per day, compared to employees, which is statistically steady with 2009, when 39 percent reported doing so. These numbers are significantly higher than in 2008, when only 30 percent reported doing so. Only 19 percent of the general population in 2010 reported working ten or more hours per day.


• Small business owners are still working through the holidays far more than most people. This year, 55 percent say they will work through most, if not all, holidays, slightly down from 57 percent in 2009, but higher than the 47 percent that reported doing so in 2008. The number still outpaces non-self-employed people significantly, with only 27 percent of them saying this year that they will work through most or all holidays.

The views and opinions expressed by small business owners and consumers who participate in the Small Business Watch survey are their own and do not necessarily reflect those of Discover Financial Services or its affiliates.

About the Small Business Watch

The Discover Small Business Watch is a monthly index measuring the relative economic confidence of U.S. small business owners who have less than five employees, a segment that consists of 22 million businesses producing more than a trillion dollars in annual receipts. The Watch is based on a national random survey of 750 small business owners. It is commissioned by Discover Business card, which strives to offer the best business credit card for American small businesses, and is conducted by Rasmussen Reports, LLC (www.rasmussenreports.com), an independent survey research firm. The numeric index is calculated by assigning values to responses to a set of six consistent questions. The base value of the Watch was established at 100.0 based on surveys conducted in August 2006. In addition to generating the index, the Small Business Watch surveys small business owners every month on key issues, and polls 3,000 consumers four times per year to gauge purchasing behavior and attitudes towards small businesses. For past results and survey data, visit www.discovercard.com/business/watch. For information on Discover Business card, visit www.discovercard.com/business.

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company operates the Discover card, America's cash rewards pioneer, and offers personal and student loans, online savings accounts, certificates of deposit and money market accounts through its Discover Bank subsidiary. Its payment businesses consist of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in more than 185 countries and territories. For more information, visit www.discoverfinancial.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6309494&lang=en

YESpay to Reduce Card Fraud in the USA by Providing Merchants EMV Card Payments Services

YESpay International Ltd, a global card payments services company, has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada.

Toronto, Canada (PRWeb UK/PRWEB ) June 1, 2010 -- YESpay International Ltd, a global card payments services company, has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada. YESpay is now working with merchants in the USA and Canada who need to upgrade their retail POS systems to EMV chip-and-PIN card payment standards: Merchants can thus process EMV Chip & PIN cards that are being globally issued including in Canada and Mexico within USA thus stopping cross-border card fraud to migrate from Canada and Mexico to USA.

YESpay is not the only company offering EMV card acceptance in the U.S. Wal-Mart is planning to install chip & PIN payment terminals which will definitely trigger other merchants to move to chip-and-PIN card processing.

Dr Chandra Patni, CEO of YESpay International said, “We are not the only company thinking along the lines of offering EMV card acceptance in the U.S.: According to an industry article published recently (Wal-Mart to support smartcard payments, Computerworld, 21 May 2010), the retail giant Wal-Mart is reportedly planning to make all its payment terminals in its U.S. stores chip-and-PIN-capable. Such a move would definitely trigger other U.S. merchants to move to chip-and-PIN transaction processing.”

It has also been recently reported that the United Nations Federal Credit Union has plans to start issuing EMV compliant credit cards to its customers very soon, hence ensuring the commencement of EMV card issuance in USA to assist with rapid adoption.

Europe and other regions including Canada and Mexico are successfully migrating to the EMV chip-and-PIN card technology but the U.S. has not yet decided, largely because of the cost concerns. However, all the latest developments lead to the fact that the U.S. industry is moving in this direction.

It is true that the imminent EMV chip-and-PIN card rollout in the USA will certainly reveal a challenge for merchants that will have to upgrade their integrated EPOS point of sale systems to accept payments with EMV chip-and-PIN cards which YESpay can provide help in.

The YESpay EMBOSS managed credit / debit card payment service overcomes the cost and timescale challenges and provides an innovative and low cost solution that helps merchants integrate online card payments with their existing retail infrastructures while providing a simplified migration path to EMV compliance for credit and debit card acceptance.

YESpay already has a track record of providing its highly secure and scalable EMV Chip & PIN, contactless and magnetic credit / debit card, e-commerce and gift card payment processing services to independent and multi-chain merchants in Europe and Canada. In addition, with the requirements for enhanced cardholder’s data security, EMBOSS has been fully end-to-end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by the payment brands since 2006.

Through EMBOSS, merchants can fast track the implementation of integrated EMV card payments acceptance solutions for in-store and unattended payment systems, as well as enhance their websites for on-line payments with minimal capital investment and low on-going services costs. It reduces business and technical issues of outsourcing payment services and helps merchants avoid lengthy timescales and high costs of EMV certification and PCI compliance of their retail environments. Fully scalable, EMBOSS can address the needs the single location merchant as well as larger chains.

Rohit Patni, EVP Sales & Marketing in YESpay International said, “This is a very exciting period for the industry, and indeed a tremendous opportunity for YESpay to serve its North American customers with the same impeccable service we have been offering to our European customers for the last five years. YESpay has the solution to EMV migration and is absolutely ready to face the challenge. ’’

About YESpay International Limited:

YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.

www.yes-pay.com

YESpay International Ltd Offices:

UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK

133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3 CANADA

UK/Europe Telephone: +44 – 203 – 006 – 3790

USA/Canada Telephone: +1 – 416 – 214 - 6012

PR Contact: Antonia Mitsana, Marketing Manager, Tel: +1 416 214 6012,

antonia(dot)mitsana(at)yes-pay(dot)com

###

See the original story at: http://uk.prweb.com/releases/yespay/card-payment/prweb4074524.htm

Related articles by Zemanta

• YESpay and CCR Systems 'Graduate' the Payment Model at LGoS (pindebit.blogspot.com)


• YESpay becomes Canada's first fully EMV Chip and PIN certified card payment service with Chase Paymentech (pindebit.blogspot.com)

YESpay to Reduce Card Fraud in the USA by Providing Merchants EMV Card Payments Services

YESpay International Ltd, a global card payments services company, has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada.

Toronto, Canada (PRWeb UK/PRWEB ) June 1, 2010 -- YESpay International Ltd, a global card payments services company, has completed the EMV chip and PIN end-to-end certification of its EMBOSS card payment service with Chase Paymentech and First Data, two major card acquirers in the USA and Canada. YESpay is now working with merchants in the USA and Canada who need to upgrade their retail POS systems to EMV chip-and-PIN card payment standards: Merchants can thus process EMV Chip & PIN cards that are being globally issued including in Canada and Mexico within USA thus stopping cross-border card fraud to migrate from Canada and Mexico to USA.

YESpay is not the only company offering EMV card acceptance in the U.S. Wal-Mart is planning to install chip & PIN payment terminals which will definitely trigger other merchants to move to chip-and-PIN card processing.

Dr Chandra Patni, CEO of YESpay International said, “We are not the only company thinking along the lines of offering EMV card acceptance in the U.S.: According to an industry article published recently (Wal-Mart to support smartcard payments, Computerworld, 21 May 2010), the retail giant Wal-Mart is reportedly planning to make all its payment terminals in its U.S. stores chip-and-PIN-capable. Such a move would definitely trigger other U.S. merchants to move to chip-and-PIN transaction processing.”

It has also been recently reported that the United Nations Federal Credit Union has plans to start issuing EMV compliant credit cards to its customers very soon, hence ensuring the commencement of EMV card issuance in USA to assist with rapid adoption.

Europe and other regions including Canada and Mexico are successfully migrating to the EMV chip-and-PIN card technology but the U.S. has not yet decided, largely because of the cost concerns. However, all the latest developments lead to the fact that the U.S. industry is moving in this direction.

It is true that the imminent EMV chip-and-PIN card rollout in the USA will certainly reveal a challenge for merchants that will have to upgrade their integrated EPOS point of sale systems to accept payments with EMV chip-and-PIN cards which YESpay can provide help in.

The YESpay EMBOSS managed credit / debit card payment service overcomes the cost and timescale challenges and provides an innovative and low cost solution that helps merchants integrate online card payments with their existing retail infrastructures while providing a simplified migration path to EMV compliance for credit and debit card acceptance.

YESpay already has a track record of providing its highly secure and scalable EMV Chip & PIN, contactless and magnetic credit / debit card, e-commerce and gift card payment processing services to independent and multi-chain merchants in Europe and Canada. In addition, with the requirements for enhanced cardholder’s data security, EMBOSS has been fully end-to-end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by the payment brands since 2006.

Through EMBOSS, merchants can fast track the implementation of integrated EMV card payments acceptance solutions for in-store and unattended payment systems, as well as enhance their websites for on-line payments with minimal capital investment and low on-going services costs. It reduces business and technical issues of outsourcing payment services and helps merchants avoid lengthy timescales and high costs of EMV certification and PCI compliance of their retail environments. Fully scalable, EMBOSS can address the needs the single location merchant as well as larger chains.

Rohit Patni, EVP Sales & Marketing in YESpay International said, “This is a very exciting period for the industry, and indeed a tremendous opportunity for YESpay to serve its North American customers with the same impeccable service we have been offering to our European customers for the last five years. YESpay has the solution to EMV migration and is absolutely ready to face the challenge. ’’

About YESpay International Limited:

YESpay, a global card payments service company, provides highly secure Internet, EMV Chip & PIN, contactless and gift card payment processing services to independent and multi-chain merchants. Through EMBOSS™, the YESpay Managed Payment Service, merchants can quickly accept integrated card payments within EPOS, kiosks, hospitality and e-commerce systems with minimal capital investment and low on-going services costs. EMBOSS is an on-line IP-based payment processing service that has been generically pre-accredited by major Card Acquirers in Europe and North America (including Chase Paymentech, First Data Merchant Service (FDMS), Barclaycard Business, HSBC, HBOS, Lloyds Cardnet, Streamline, Ulster Bank, Elavon, PBS, Amex and Diners). In addition, the YESpay EMBOSS service is fully end to end certified to Payment Card Industry Data Security Standards (PCI DSS) Level 1 as mandated by Visa and MasterCard. The YESpay EasyV-Suite of card payment products is innovative and cost-effective for EPOS, Kiosk, Hospitality, Mobile and Internet environments. With the YESpay EMBOSS card payment service, merchants can perform card payments in both card-present and card-not-present environments.

www.yes-pay.com

YESpay International Ltd Offices:

UK Headquarters: Checknet House, 153 East Barnet Road, Barnet, EN48QZ, UK

133 Richmond Street West, Suite 406, Toronto, ONTARIO, M5H2L3 CANADA

UK/Europe Telephone: +44 – 203 – 006 – 3790

USA/Canada Telephone: +1 – 416 – 214 - 6012

PR Contact: Antonia Mitsana, Marketing Manager, Tel: +1 416 214 6012,

antonia(dot)mitsana(at)yes-pay(dot)com

###

See the original story at: http://uk.prweb.com/releases/yespay/card-payment/prweb4074524.htm

Related articles by Zemanta

• YESpay and CCR Systems 'Graduate' the Payment Model at LGoS (pindebit.blogspot.com)


• YESpay becomes Canada's first fully EMV Chip and PIN certified card payment service with Chase Paymentech (pindebit.blogspot.com)

Visa Inc. Announces Funding of Litigation Escrow Account

Image via Wikipedia

SAN FRANCISCO, June 1 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V) today announced that on May 28, 2010, it had deposited $500 million into the litigation escrow account previously established under the Company's retrospective responsibility plan (the "Plan"). Under the terms of the Plan, the $500 million deposit has the effect of a repurchase by the Company of 6,737,112 shares of Class A common stock at approximately $74.2158 per share, on an as-converted basis, by reducing the as-converted Class B common stock share count from 142,987,780 to 136,250,668. The deposit and price per share calculations were conducted in accordance with the Company's certificate of incorporation using the volume-weighted average price over the 6-day pricing period from May 20, 2010, through May 27, 2010. As a result of the deposit, the conversion rate applicable to the Company's Class B common stock has decreased from 0.5824 to 0.5550.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About Visa: Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.

Visa Inc. Announces Funding of Litigation Escrow Account

Image via Wikipedia

SAN FRANCISCO, June 1 /PRNewswire-FirstCall/ -- Visa Inc. (NYSE: V) today announced that on May 28, 2010, it had deposited $500 million into the litigation escrow account previously established under the Company's retrospective responsibility plan (the "Plan"). Under the terms of the Plan, the $500 million deposit has the effect of a repurchase by the Company of 6,737,112 shares of Class A common stock at approximately $74.2158 per share, on an as-converted basis, by reducing the as-converted Class B common stock share count from 142,987,780 to 136,250,668. The deposit and price per share calculations were conducted in accordance with the Company's certificate of incorporation using the volume-weighted average price over the 6-day pricing period from May 20, 2010, through May 27, 2010. As a result of the deposit, the conversion rate applicable to the Company's Class B common stock has decreased from 0.5824 to 0.5550.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

About Visa: Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands. Visa enjoys unsurpassed acceptance around the world and Visa/PLUS is one of the world's largest global ATM networks, offering cash access in local currency in more than 170 countries. For more information, visit www.corporate.visa.com.

Industry Leaders Debut Next-Generation MasterCard-Approved Mobile Payment Sticker

CPI Card Group and INSIDE Contactless Enable Any Mobile Device to Make MasterCard® PayPass™ Payments

LITTLETON, Colo. & AIX-EN-PROVENCE, France--(BUSINESS WIRE)--CPI Card Group and INSIDE Contactless today introduced a next-generation, MasterCard-approved payment tag that continues to pave the way for mobile commerce adoption by enabling any mobile device to be used to make payments anywhere using the worldwide contactless MasterCard® PayPass™standard. Containing all the functionality of a traditional MasterCard PayPass credit, debit or prepaid debit card, the new sticker is based on INSIDE’s proven MicroPass 4003 contactless payment processor and manufactured and pre-personalized by CPI Card Group.

“With CPI’s efficient and highly scalable manufacturing and pre-personalization systems, we believe we can offer this product at very competitive price levels.”

“CPI deployed more contactless payment cards last year than any other company in the market, and now we are firmly in the mobile payment arena with an enhanced sticker product that brings greater choice to card issuers,” said Tom Waters, vice president of sales and marketing at CPI Card Group. “With CPI’s efficient and highly scalable manufacturing and pre-personalization systems, we believe we can offer this product at very competitive price levels.”

CPI has already established a scalable operational process for producing these payment stickers using prelams delivered from INSIDE. The stickers will be delivered from CPI already pre-cut from ID1 card devices and pre-personalized to allow for personalization and fulfillment using traditional card processing equipment.

“We are very excited by today’s announcement, which represents the latest result of our partnership with CPI and demonstrates our commitment to the mobile payments market,” said Charles Walton, executive vice president for INSIDE Contactless. “These stickers have the potential to transform the mobile payment market in the U.S. by enabling anyone to make PayPass payments with their mobile phone, thus setting the stage to ultimately achieve fully integrated NFC payment and other applications.”

In addition to MasterCard type approval, the new mobile payment sticker offers enhanced performance when compared with other sticker products on the market. Extensive accredited laboratory testing with all major mobile handsets ensures a safe and satisfying user experience. A new, advanced adhesive backing not only adheres to mobile phones better, but also allows the sticker to be removed and reapplied multiple times without losing its grip. An innovative shielding design improves performance by protecting the chip and antenna inside the sticker from interference that might be caused by a mobile phone’s signals and metallic materials. The sticker solution is highly scalable to millions of units per month since traditional card manufacturing and personalization systems are utilized.

“We are very pleased to be able to grant type approval for this new mobile sticker product,” said Cathleen Conforti, senior vice president, Global PayPass, MasterCard Worldwide. “Vendor solutions such as this tag are an essential part of MasterCard PayPass and play an important role in advancing mobile payments by providing consumers with Tap & Go™ convenience using the phones they already carry everywhere.”

Since it was first launched at CARTES in November 2005, the award-winning MicroPass intelligent payment platform has achieved its unprecedented success by continuing to deliver superior performance and flexibility, and is now the platform of choice for certified contactless bank card manufacturers around the world.

Availability and Pricing

The new MasterCard-approved mobile payment stickers are available now from CPI. Please contact CPI for pricing information.

About CPI Card Group

CPI, a global leader in financial and commercial card production and related services, offers a single source for plastic cards, foil cards, holograms, translucent and smart cards. In addition we also provide personalization, fulfillment and packaging services. CPI offers the largest production capacity in North America. CPI’s production sites include Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Roseville, Minnesota; Colchester, England; Liverpool, England; and Toronto, Canada. CPI’s plants in Colorado, Nevada, and Liverpool are ISO 9001 certified. For more information, visit www.cpicardgroup.com.

About INSIDE Contactless

INSIDE Contactless leads the market in open-standard contactless innovation. The company has delivered more than 400 million contactless platforms worldwide, and its contactless payment and Near Field Communication (NFC) solutions power the next generation of payment, transit, identity and access control applications. INSIDE’s work in contactless standards and its 69 families of patents, including essential NFC patents, play a leading role in establishing industry direction. INSIDE is headquartered in Aix-en-Provence, France, with offices in Paris, Shanghai, Singapore, Warsaw, Seoul and San Francisco. For more information, please visit www.insidecontactless.com.

Industry Leaders Debut Next-Generation MasterCard-Approved Mobile Payment Sticker

CPI Card Group and INSIDE Contactless Enable Any Mobile Device to Make MasterCard® PayPass™ Payments

LITTLETON, Colo. & AIX-EN-PROVENCE, France--(BUSINESS WIRE)--CPI Card Group and INSIDE Contactless today introduced a next-generation, MasterCard-approved payment tag that continues to pave the way for mobile commerce adoption by enabling any mobile device to be used to make payments anywhere using the worldwide contactless MasterCard® PayPass™standard. Containing all the functionality of a traditional MasterCard PayPass credit, debit or prepaid debit card, the new sticker is based on INSIDE’s proven MicroPass 4003 contactless payment processor and manufactured and pre-personalized by CPI Card Group.

“With CPI’s efficient and highly scalable manufacturing and pre-personalization systems, we believe we can offer this product at very competitive price levels.”

“CPI deployed more contactless payment cards last year than any other company in the market, and now we are firmly in the mobile payment arena with an enhanced sticker product that brings greater choice to card issuers,” said Tom Waters, vice president of sales and marketing at CPI Card Group. “With CPI’s efficient and highly scalable manufacturing and pre-personalization systems, we believe we can offer this product at very competitive price levels.”

CPI has already established a scalable operational process for producing these payment stickers using prelams delivered from INSIDE. The stickers will be delivered from CPI already pre-cut from ID1 card devices and pre-personalized to allow for personalization and fulfillment using traditional card processing equipment.

“We are very excited by today’s announcement, which represents the latest result of our partnership with CPI and demonstrates our commitment to the mobile payments market,” said Charles Walton, executive vice president for INSIDE Contactless. “These stickers have the potential to transform the mobile payment market in the U.S. by enabling anyone to make PayPass payments with their mobile phone, thus setting the stage to ultimately achieve fully integrated NFC payment and other applications.”

In addition to MasterCard type approval, the new mobile payment sticker offers enhanced performance when compared with other sticker products on the market. Extensive accredited laboratory testing with all major mobile handsets ensures a safe and satisfying user experience. A new, advanced adhesive backing not only adheres to mobile phones better, but also allows the sticker to be removed and reapplied multiple times without losing its grip. An innovative shielding design improves performance by protecting the chip and antenna inside the sticker from interference that might be caused by a mobile phone’s signals and metallic materials. The sticker solution is highly scalable to millions of units per month since traditional card manufacturing and personalization systems are utilized.

“We are very pleased to be able to grant type approval for this new mobile sticker product,” said Cathleen Conforti, senior vice president, Global PayPass, MasterCard Worldwide. “Vendor solutions such as this tag are an essential part of MasterCard PayPass and play an important role in advancing mobile payments by providing consumers with Tap & Go™ convenience using the phones they already carry everywhere.”

Since it was first launched at CARTES in November 2005, the award-winning MicroPass intelligent payment platform has achieved its unprecedented success by continuing to deliver superior performance and flexibility, and is now the platform of choice for certified contactless bank card manufacturers around the world.

Availability and Pricing

The new MasterCard-approved mobile payment stickers are available now from CPI. Please contact CPI for pricing information.

About CPI Card Group

CPI, a global leader in financial and commercial card production and related services, offers a single source for plastic cards, foil cards, holograms, translucent and smart cards. In addition we also provide personalization, fulfillment and packaging services. CPI offers the largest production capacity in North America. CPI’s production sites include Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Roseville, Minnesota; Colchester, England; Liverpool, England; and Toronto, Canada. CPI’s plants in Colorado, Nevada, and Liverpool are ISO 9001 certified. For more information, visit www.cpicardgroup.com.

About INSIDE Contactless

INSIDE Contactless leads the market in open-standard contactless innovation. The company has delivered more than 400 million contactless platforms worldwide, and its contactless payment and Near Field Communication (NFC) solutions power the next generation of payment, transit, identity and access control applications. INSIDE’s work in contactless standards and its 69 families of patents, including essential NFC patents, play a leading role in establishing industry direction. INSIDE is headquartered in Aix-en-Provence, France, with offices in Paris, Shanghai, Singapore, Warsaw, Seoul and San Francisco. For more information, please visit www.insidecontactless.com.