payment processing

A provider of financial services technology solutions Fiserv Inc announced that it will continue offering signature and PIN debit transactions processing for 7 of the 9 banks of Heartland Financial USA Inc. Besides, these 7 banks will remain members in ACCEL/Exchange®, the PIN debit network owned and operated by Fiserv.

Again WikiLeaks was denied to have its donations being processed. Last week the whistleblowing website hoped that DataCell would be able to start processing donations, for it had made an agreement with the Icelandic bank Valitor to have Visa and Mastercard payments processed by the bank.

DataCell stated it had always said that the payments were processed for WikiLeaks when entering a deal with Valitor. But the latter denies the allegation with spokeswoman Jonina Ingvadottir saying:

eBay Inc has agreed to purchase a provider of payments through mobile carrier billing Zong. The deal is estimated approximately at $240 million in cash. The company expects that combined with PayPal, Zong will add complementary technology and talent that help strengthen PayPal’s leadership position in mobile payments and digital goods.

S1 Corporation is merging with Fundtech Ltd to create a single business in transaction banking solutions industry. Based on the stock prices at market close on June 24, 2011 for both S1 and Fundtech, the merger is valued at approximately $700 million.

As a part of the definitive agreement Fundtech shareholders will receive 2.72 shares of S1 common stock for each Fundtech ordinary share they own. Upon closing of the transaction, S1 shareholders will own approximately 55 percent and Fundtech shareholders approximately 45 percent of the combined company.

LSN Mobile has partnered with First Data to offer program that gives both advertisers and retailers an efficient, cost-effective and trackable mobile marketing solution to boost store traffic.

My Mobile Offer features Short Message Service (SMS), mobile advertising and traditional marketing and capitalizes on the popularity and increasing usage of personalized offers and discounts. The program allows brands to take full advantage of the power of mobile marketing.

Online payment processing provider Moggle Inc has entered into an agreement with Propell Corporation to provide it with Virtual PiggyTM payment platform as part of its “instant ecommerce” system for K-12 schools.

Propell provides online shops and order fulfillment for thousands of K-12 schools, universities, businesses, nonprofits and the U.S. military nationwide and manufactures product on-demand for each shop, so there is no inventory or risk for the partner.

Fiserv Inc has expanded the functionality of its CheckFree® RXP® money movement platform to include account-to-account transfers and same-day bill payments. The new features complement existing options available with the platform which makes it more convenient for financial institutions and their consumers.

While customers have an opportunity to make same-day payments and account-to-account transfers, financial institutions can avail themselves of a fee-based revenue source.

Radiant Systems Inc announced the launch of a new payment platform meant for restaurateurs and retailers to help them complete transactions faster with more intimate and pleasing on-site experience.

A provider of ecommerce solutions Digital River Inc has partnered with PayPal. Now an eBay subsidiary payment system is implementing Digital River® World Payments™ solution to support local online payment processing in Brazil and Mexico.

“Digital River World Payments is a very important part of our payments program and will definitely offer a key structure support for the expansion of the company in Brazil,” said Mario Mello, PayPal’s general manager for Brazil.

A specialist in sales and marketing of prepaid products inComm announced its partnership with Unik, a company specialized in the administration and processing of innovative ways of payment, to offer segments of the Brazilian retail market complete solutions to the management and promotion of prepaid card sales.

Visa Inc announced the launch of next generation payment solutions to replicate the ease, reliability and security of Visa point-of-sale payments within traditional and digital eCommerce, mobile commerce and burgeoning social networking commerce environments.

According to the official statement the new offering will include a secure cross-channel digital wallet and a range of customized mobile payments services that address the specific requirements of geographic markets around the world.

Merchant e-Solutions, Inc., a provider of payment processing services, launched a new suite of mobile payment apps on its PayEverywhere™ platform.

With PayEverywhere platform merchants can accept all major cards, whether card-swiped or key-entered. Merchants can view their recent activity in a transaction log, check batch totals, and settle batches from their mobile device.

A provider of retail banking software and electronic payments systems to financial institutions Compass Plus launched a new service TranzWare Online Universal Payment Gateway.

Using TranzWare Online Universal Payment Gateway financial institutions and other payment processor can build their own interfaces to connect to payment or billing apps seamlessly and efficiently.

Vindicia, a provider of SaaS billing solutions, announced the upgrade of its CashBox offering which now features better invoicing and hierarchical billing to support digital merchants in the enterprise software, Software as a Service (SaaS) and B2B markets.

Previously CashBox included “prepay” models for merchants where customers may pay in advance of using a service. Today’s new capabilities extend the benefits of the CashBox solution to “post-pay” models, where customers typically pay for a service after they have used it.

A provider of electronic money services CashEdge Inc announced the results of its 2011 Small Business Payables and Receivables Survey. The survey found that small businesses have a strong desire to accelerate and simplify current payable/receivable processes and a willingness to adopt new electronic payment solutions. Moreover, these businesses expressed a strong desire to get such services from their banks.