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Verifone Holdings Inc. bought Israel’s Lipman Electronic Engineering Ltd. last week for a total of $793 million, giving Verifone pole position against its nearest rival in the point-of-sale terminal business, Hypercom Corp. The deal, expected to close following regulatory and shareholder approvals in the fourth quarter, is engineered around a complex combination of cash Read more…
The U.S. Treasury’s U.S. Money Laundering Threat Assessment, published last December, says that many types of stored-value cards have the potential to become major avenues for money laundering, suggesting—although not saying explicitly—that stringent anti-money laundering regulations are in the offing for the card products. Industry groups are preparing what amount to pre-emptive negotiations to Read more…
Providing free wi-fi is like offering a toll-free number 30 years ago—a consumer-friendly way to make you stand out from the crowd. But unlike call centers, which have grown into multi-million dollar cost centers, free wi-fi only runs about $50 per month per location, a price that is sure to fall over the coming years. Read more…
With the recent Motorola/C-Sam mobile payments announcement followed by similar payments platform launches from PayPal, Black Lab Mobile Inc., Commerciant LP, Sify Ltd. in India, Q-Pass, and SVC Financial Services Inc., it’s obvious that mobile payments aren’t the mere pipedream they seemed to be last year. What’s less obvious is the change about to befall Read more…
New products and services from American Express, First Data, Visa USA, and more. American Express Co. says that this year, the IRS will allow businesses to pay balances-due on their federal business taxes (Form 940, annual employment, and Form 941, quarterly employment business taxes) with an American Express Card. Businesses get double rewards from Delta Read more…
Who bought what this week.
News and new products from NCR Corp., Verifone Holdings, and more.
New products and services from ACI Worldwide, First Data, GE, Jack Henry, and much more.
Two weeks ago, Motorola Inc. introduced the same mobile payments platform already being used in Japan and India, opening the door for U.S. banks on a retail payments future that could spell prosperity or doom, depending on the choices they make. Those loaded alternatives have little to do with the immediate future for mobile payments Read more…
In a novel advertising gimmick, Chase Bank affixed two-foot long banners, each pointing to one of 90 electrical outlets in the Indianapolis International Airport. The unique signage, which also includes four months of exposure on in-terminal flight-information monitors, will cost the bank $65,000 for the year, or just under $200 per day. The signs and Read more…
Oracle Corp. is preparing to wage war with its main rival, SAP AG, to sell the next generation of core computer platforms to large banks worldwide. Little wonder; the potential market is big. Financial Insights, a unit of International Data Corp., estimates 2005 sales in the U.S. alone to have been about $6 billion a Read more…
Twenty product announcements and launches from ACI, VeriFone, First Data and others.