Wednesday, July 13, 2011

MobilePayUSA Launches Private Beta at Tutti Frutti Without NFC!

Image representing MobilePayUSA as depicted in...Image via CrunchBaseIrvine, Calif., TechCrunch Disrupt 2010 Startup Alley Winner MobilePayUSA announces that private beta-testing of their non-NFC mobile payment solution has begun at the Tutti Frutti Frozen Yogurt in Balboa Island, California. Instead of waiting for NFC technology to become viable, Tutti Frutti is using the Virtual Terminal offered by MobilePayUSA for PC-based POS systems.

MobilePayUSA has released a promotional video showing an actual mobile payment transaction taking place using their Virtual Terminal system. The video may be viewed below:

MobilePay Coming Soon from MobilePay USA on Vimeo.

Unlike other e-wallets, MobilePayUSA does not use RFID chips embedded in smart phones that hold credit card numbers in order to process payments. Credit information is never stored on the phone or shared with the merchant with MobilePayUSA. This difference, MobilePayUSA declares, will prove to make their system more secure from the real threat of illegal skimmers and hackers.

Unlike their NFC competitors, the platform offered by MobilePayUSA requires no expensive hardware upgrades. Instead, MobilePayUSA solution uses existing hardware to make the dream of mobile payments a reality, thus taking the cost hurdle out of the race for nationwide adoption.

MobilePayUSA will begin public beta-testing of their system by Q4 2011. More information may be found at
Media Contact

Chris Woolsey
Director of Public Relations
Enhanced by Zemanta

NCR to Acquire Radiant Systems, Inc., Establishing Technology and Market Leadership in Hospitality and Specialty Retail
Creates third core industry vertical bringing strong software and SaaS capabilities, accelerating NCR’s revenue growth and margin expansion strategy
DULUTH, Ga.--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR) and Radiant Systems, Inc. (NASDAQ: RADS) today announced a definitive agreement for NCR to acquire Radiant Systems, a leading provider of multichannel point-of-sale and managed hosted service solutions to the hospitality and specialty retail markets, through a cash tender offer of $28.00 per Radiant Systems share. The equity purchase price of $1.2 billion has been approved by the boards of directors of each company. NCR and Radiant Systems currently anticipate the transaction will close during the third quarter of 2011, subject to regulatory approval.
“Radiant Systems is a logical and strategic extension for NCR, moving us into attractive fast-growth adjacent markets”
The transaction accelerates NCR’s strategy of expanding into core industry adjacencies, increasing revenue growth rates and expanding margins by enhancing its mix of software and services. Radiant Systems’ market-leading software and Software as a Service (SaaS) capabilities will significantly enhance NCR’s solutions, creating a superior portfolio of multichannel point-of–service and self-service solutions. NCR will use its global sales, services and operations organizations to extend this portfolio to many of the fastest-growing markets in the world, while driving supply chain, operational and innovation synergies. Market coverage will be enhanced by Radiant Systems’ strong channel partner network, which will complement NCR’s channel and support its goal of building a world-class channel partner network.
With the addition of Radiant Systems, NCR will create a third core industry vertical, after its Financial and Retail lines of business, and establish category leadership in the hospitality and specialty retail markets. The hospitality and specialty retail total addressable markets are approximately $8 billion in size and under-penetrated by industry leaders.1 NCR plans to leverage Radiant Systems’ leadership position in quick service and table service restaurants, specialty and convenience retailers and entertainment venues by combining Radiant Systems’ solution and services portfolio with NCR’s existing portfolio, brand and global reach. The transaction is expected to be accretive to NCR’s Non-GAAP earnings in 2012.2
“Radiant Systems is a logical and strategic extension for NCR, moving us into attractive fast-growth adjacent markets,” said NCR Chairman and CEO Bill Nuti. “Radiant Systems has delivered 15 percent compounded annual revenue growth over the last five years, along with impressive margin expansion as a result of the high customer demand for its expansive software offerings. This acquisition will enable our companies to accelerate expansion through the powerful combination of each other’s strengths and NCR’s track record of driving transformational change. We will bring together two strong teams with Radiant Systems playing a vital role in enhancing our long-term growth, margin expansion and earnings appreciation.”
“Radiant Systems’ growth strategy has always focused on taking great care of our customers, delivering leading innovation to our industries and continuing to expand our market presence across our industries and around the globe,” said John Heyman, CEO Radiant Systems. “This combination dramatically accelerates our capabilities on all of these initiatives. NCR’s global footprint, brand recognition and track record of innovation will help us achieve our strategic aspirations and create even more value for our customers. Importantly, both NCR and Radiant Systems share a vision that these accomplishments start with a common ingredient—great people to execute on the vision.”
Key members of the Radiant Systems management team will play integral roles in strengthening NCR’s position in hospitality and specialty retail, including Andrew Heyman, currently Radiant Systems’ Chief Operating Officer, who will lead the new vertical. The two companies anticipate a seamless transition for customers, channel partners and employees.
The tender offer is expected to commence on or before July 25, 2011. The offer will be open for a period of not less than 20 business days from its commencement and will be conditional upon, among other things, valid acceptances of the offer in respect of shares representing more than 50 percent of the outstanding Radiant Systems shares on a fully diluted basis as well as satisfactory completion of other customary closing conditions, including regulatory approval.
The acquisition will be financed through a combination of new debt and existing balance sheet cash. NCR will raise approximately $1.1 billion of new funded debt to finance the transaction. The financing will enable NCR to maintain a strong liquidity position post transaction. J.P. Morgan, RBC Capital Markets, BofA Merrill Lynch and Morgan Stanley provided committed financing to NCR for the transaction.
Atlas Strategic Advisors LLC and J.P. Morgan Securities LLC acted as financial advisors to NCR on the transaction and Womble Carlyle Sandridge & Rice, PLLC acted as legal counsel.
In connection with the transaction, Jefferies & Company, Inc. is acting as lead financial advisor, SunTrust Robinson Humphrey, Inc. is acting as co-advisor to Radiant Systems and DLA Piper LLP (U.S.) is acting as legal counsel.
Investor Conference Call
A conference call is scheduled today at 5:45 p.m. (EDT) to discuss the acquisition of Radiant Systems. Access to the conference call and a presentation describing the transaction, as well as a replay of the call, will be available on NCR's Web site at
1 Radiant Systems primary research of addressable market
2 The deal is expected to be accretive on a non-GAAP basis; which excludes amortization of acquired intangibles and one-time costs
About NCR Corporation
NCR Corporation (NYSE: NCR) is a global technology company leading how the world connects, interacts and transacts with business. NCR’s assisted- and self-service solutions and comprehensive support services address the needs of retail, financial, travel, healthcare, hospitality, entertainment, gaming, public sector, telecom carrier and equipment organizations in more than 100 countries. NCR ( is headquartered in Duluth, Georgia.
NCR is a trademark of NCR Corporation in the United States and other countries.
About Radiant Systems
Headquartered in Atlanta, Radiant Systems (Nasdaq: RADS) is a global provider of innovative technology and services to the hospitality and retail industries. With more than 100,000 installations worldwide, our customers include leading brands and venues in the restaurant and food service, sports and entertainment, petroleum and convenience, and specialty retail markets. Radiant Systems has offices in North America, Europe, Asia and Australia. For more information about Radiant Systems, visit our Website.

Vantiv Plans to File for IPO say WSJ

(Reuters) - U.S. payment processor Vantiv LLC plans to file for an initial public offering that could value the company at as much as $4.5 billion, the Wall Street Journal reported, citing sources.

Identive Group Launches Online Marketplace for NFC Solutions

Source: Identive Group, Inc.
SANTA ANA, Calif. and ISMANING, Germany, July 13, 2011 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE) (Frankfurt:INV), a provider of products, services and solutions for the security, identification and RFID industries, today bolstered its position as an early solutions leader for the emerging near field communications (NFC) market with the launch of an online marketplace featuring NFC solutions for system integrators and applications developers.
Through its website at, the Company is offering a range of NFC products as well as educational resources. Initially available are:
  • NFC tags for Google Places program – Pre-personalized NFC tags are available for local businesses participating in Google's smart poster campaign for its Google Places service.
  • NFC tags – The IdentiveNFC marketplace offers a selection of NFC Forum-compliant tags – including Google NFC tags type 1, 2 and 4 – which are the core component of all NFC-based applications, from mobile payment to electronic ticketing.
  • NFC readers – NFC readers work with NFC tags to initiate transactions, services or other applications. Identive's NFC readers are based on contactless technology standards and are available in both mobile and desktop form factors.
  • NFC software development kit – NFC SDKs enables application developers and system integrators to accelerate time to market of NFC readers and terminals that support Device-to-Tag and Peer-To-Peer applications such as event ticketing, retail loyalty, physical and logical access as well as vending, public transport and mobile payment.
  • Educational resources – IdentiveNFC will offer webinars, webcasts and educational materials about NFC technology and applications.
David Holmes, vice president Mobility & NFC for Identive Group, stated, "NFC is going to radically change how we communicate, get and use information and transact business by giving us the means to turn our smart phones into all-in-one mobile devices. The IdentiveNFC marketplace offers application developers, OEMS, infrastructure providers and end users the tools they need to create new solutions for the emerging NFC ecosystem."
About Identive Group
Identive Group, Inc. is an international technology company focused on building the world's signature group in secure identification-based technologies. The businesses within Identive Group have deep industry expertise and are well-known global brands in their individual markets, providing leading-edge products and solutions in the areas of physical and logical access control, identity management and RFID systems to governments, commercial and industrial enterprises and consumers. Identive's growth model is based on a combination of strong technology-driven organic growth from the businesses within the group and disciplined acquisitive development.
For additional info visit:

ACI Worldwide, Inc. to Release Second Quarter 2011 Financial Results

Source: ACI Worldwide, Inc.

Conference Call Scheduled for July 26, 2011 at 8:30 am EDT

NEW YORK, July 13, 2011 (GLOBE NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW), a leading international provider of electronic payments software and solutions, announced today that it will hold a conference call on July 26, 2011 at 8:30 am EDT to discuss the second quarter 2011 financial results. Interested persons may access a real-time audio broadcast of the teleconference at or use the following numbers for dial in participation: US/Canada: (866) 914-7436, International/Local: +1 (817) 385-9117.  Please provide your name, the conference name ACI Worldwide, Inc. and conference code 82721503. 
There will be a replay available for two weeks on (855) 859-2056 for US/Canada Dial-In and +1 (404) 537- 3406 for International/Local Dial-In participants. 
About ACI WorldwideACI Worldwide powers electronic payments for more than 750 financial institutions, retailers and processors around the world. The company has a broad and integrated suite of electronic payment software in the market. More than 75 billion times each year, ACI's solutions process consumer payments. On an average day, ACI software manages more than US$12 trillion in wholesale payments. And for more than 150 organizations worldwide, ACI software helps to protect their customers from financial crime. To learn more about ACI and understand why we are trusted globally, please visit You can also find us on or on Twitter @ACI_Worldwide.

PayPal Video: Mobile Peer-to-Peer NFC Solutions

News8 new results for PayPal
PayPal Brings Wireless Cash Transfers to Android Phones
Wired News
By Mike Isaac PayPal introduced its money transfer widget at the MobileBeat technology conference in San Francisco on Wednesday. PayPal's new widget uses Near-Field Communications technology, which lets you pay for purchases with a wave of your ...
See all stories on this topic »

Wired News
PayPal adds support for NFC peer-to-peer payments
ZDNet (blog)
PayPal will begin supporting peer-to-peer payments to allow its customers to pay each other using two smartphones. Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. ...
See all stories on this topic »
PayPal Lays Down the Gauntlet with Employee Digital-Wallet Challenge
By Ina Steiner Could you go PayPal-only for all of your purchases, online and in the real world? Five PayPal employees will try to do just that for one week after being challenged by their boss, PayPal President Scott Thompson. Thompson said by 2015, ...
See all stories on this topic »

After Google, PayPal now faces Purple Leaf patent lawsuit
The Next Web
Following news that Google had been sued on Tuesday over its use of its Google Checkout payment system, it has emerged that eBay-owned PayPalhas been named in a similar lawsuit by Purple Leaf LLC, accusing the company of infringing patents relating to ...
See all stories on this topic »

The Next Web
HostDime Launches Official Affiliate Program
San Francisco Chronicle (press release)
To show gratitude for referrals from clients, HostDime offers affiliate account holders the opportunity to make up to $100 per sign-up, which can be applied to open invoices or received as a payout through Paypal. "We've had clients referring us for ...
See all stories on this topic »
MPA and PayPal Close Pirating Accounts
The Blunt Blogger (blog)
by Christy Rose PayPal has decided to close the accounts of a number of merchants whom they suspect of selling pirated and fraudulent DVDs and Blu Ray discs. According to a report from PayPal a majority of the suspended merchants hail from China and ...
See all stories on this topic »

The Blunt Blogger (blog)
Google To Tie Google Offers, Shopper to Google+
PC Magazine
Google services face battles on several fronts, with PayPal and Square offering challenges on the payments front, while Facebook and Foursquare tie deals to location and checkins. On Monday, Google bought Punchd, a Mountain View, Calif. ...
See all stories on this topic »
Trademark infringement: EU court sees responsibilities of online retailers
Christian Science Monitor
Exterior view of PayPal and eBay offices in San Jose, Calif., is shown on May 27, 2011. Europe's top court says that online retailers, like eBay, should be responsible for trademark infringement made by the goods they sell. By , Associated Press / July ...
See all stories on this topic »

Christian Science Monitor
Blogs5 new results for PayPal
PayPal Announces Phone-To-Phone NFC Payment Support For Android ...
By Greg Kumparak
Today, NFC gains another huge supporter: PayPal. At the MobileBeat 2011 Conference this morning, PayPal Mobile senior director Laura Chambers debuted the company's first Android NFC endeavor: phone-to-phone PayPal transactions. ...
PayPal announces phone-to-phone NFC support, cuts eyes at Google ...
By Darren Murph
Still eager to do business with a company that'll lock your account on a whim and side with the buyer regardless of the facts? Splendid!
PayPal brings NFC money transfers to Android, starting with Nexus ...
By Devindra Hardawar
Online payments enabler PayPal today unveiled its first NFC (near-field communication) solution for Android devices at the MobileBeat 2011 conference in San Francisco.
PayPal Enables Peer-to-Peer Payments on Android With NFC - Tricia ...
By Tricia Duryee
According to Laura Chambers, the senior director of PayPal Mobile who appeared at VentureBeat's MobileBeat conference in San Francisco, the company has doubled its mobile payments projections to $3 billion this year, and is investing ...
PayPal unveils NFC Android-to-Android payments — Tech News and ...
By Ryan Kim
PayPal today unveiled a new peer-to-peer payment functionality that allows Android users to pay each other by tapping two near field communication (NFC)-enabled devices together. The feature shows how PayPal is gearing up for NFC as ...
Mobilize — Mobile Technology...
Web1 new result for PayPal
YouTube - PayPal Mobile - Peer-to-Peer NFC Solutions‏Uploaded by PayPal on Jul 13, 2011. no description available ... Added to queue PayPal's Vision for Digital Moneyby PayPal305 views · Thumbnail 0:54 ...

Tempo Payments CEO Blames Durbin Amendment for Demise

  • Tempo Payments prepares to shut down, blames Durbin Amendment

    From ATM Marketplace:  
    Digital Transactions reports that Tempo Payments Inc., a leading company in the decoupled debit card niche, is going out of business, blaming the Federal Reserve Board’s new debit card regulations. The company claims the new rules will cut its revenues in half.
“We are a casualty of the Durbin Amendment,” said Mike Grossman, chief executive, Tempo Payments Inc. “It’s very frustrating. We were clearly on a path to significant success.”

Enhanced by Zemanta

BillMyParents Website Traffic Ramps to 600,000 Unique Visitors per Month

July 12, 2011 09:33 ET SAN DIEGO, CA--(Marketwire - Jul 12, 2011) - BillMyParents (OTCQBBMPI) (OTCBBBMPI) announced a significant traffic increase to their website in the past 90 days. Management believes the ten-fold increase to be the result of their recent launch of its multi-platform marketing campaign. Unique visitors per month have gone from tens of thousands in Q1 of 2011 to over 600,000 in June 2011.
"We are about to move to the next phase of this massive marketing push," commented Mark Sandson, Interim CEO of BillMyParents. "Our site traffic and card sign-up increases in the last three months provide evidence that we have the right mix of brand awareness and direct response marketing initiatives -- and that they are propelling us forward in the right direction."
BillMyParents kicked off the large-scale marketing push with integrated event branding, digital ads and their first national television commercial during the first live ESPN broadcast of BMP brand ambassador Rob Dyrdek's Street League Skateboarding Series in May. The official currency sponsor of the annual 4-part series, BillMyParents was also prominently integrated into a May 2011 episode of the hit MTV reality show, "Rob Dyrdek's Fantasy Factory," reaching millions of viewers.
Additional major marketing programs will be announced in the coming weeks, including focused awareness in the crucial parenting demographic.
For more information, please visit:
About BillMyParentsBillMyParents provides payment solutions targeted to teens, young adults and their parents. Our solutions facilitate communication between parents and young people and help teach financial responsibility. Follow us on Facebook at For more information:

Disqus for ePayment News