| Heartland Payment Systems buys majority stake in Collective Point of ...
PRINCETON, N.J. - Heartland Payment Systems Inc., which offers payroll and debit and credit card processing services, said Tuesday it bought a majority stake in Canada's Collective Point of Sale Solutions Ltd. Terms of the deal for the payment processing and secure point-of-sale services company were not disclosed. Heartland said it does not expect the purchase of a controlling stake in Collective, which has about 5,000 Canadian customers, to have "a material impact" on the New Jersey's company 2008 revenues or net income. Shares of Heartland fell 6 cents to $21.95 in afternoon trading. .
Visa hopes to raise US$18.8 billion in unprecedented IPO
Visa Inc, the world's biggest electronic payment processing firm, unveiled plans on Monday for what could be a record US initial public offering (IPO), saying it hoped to raise US$18.8 billion. If the San Francisco-based company's expectations are met, its planned IPO would easily overshadow the giant US$10 billion IPO of AT&T Wireless in 2000. Visa, which processes payments for credit and debit cards, said it plans to sell at least 406 million shares to public investors as soon as possible. It expects its shares to be priced at between US$37 and US$42 per share. The company unveiled its bid to transform itself from a private entity into a public group through a regulatory filing with the Securities and Exchange Commission. Visa's planned IPO comes amid a slowdown in such public listings, due in part to an ailing US economy and a credit crunch sweeping the financial markets which have triggered sharp stock market declines in recent months.
Chase Paymentech Debuts Website for Small and Medium Businesses
DALLAS, Feb. 8 /PRNewswire/ -- Chase Paymentech Solutions, LLC, has launched a new website designed to help small and medium sized businesses affordably accept credit card payments. The new site, http://merchantaccount.chasepaymentech.com, provides business owners with a simple, easy to use guide to access the latest Chase Paymentech payment processing tools. The site allows businesses to research payment products that fit their needs and offers quick access to experts who can customize a program to each business' requirements. These programs feature reliable terminals, low interchange rates to process credit card transactions and even custom gift card programs. Solutions can be designed for merchants who need secure payment solutions over the Internet, point-of- sale, telephone, or mail order.
WPS Parking Systems Adds Shift4's Dollars on the net(R) Payment ...
LAS VEGAS, Jan. 7 /PRNewswire/ -- Shift4 Corporation, a leading developer of enterprise payment solutions, and WPS Parking Systems, a member of the Imtech Group, announced today a certified interface to provide the Doubletree Hotel in San Jose, Calif., a complete parking payment solution to process credit cards quickly, accurately and securely. Integrating Shift4's Dollars on the net(R) payment system into WPS's barcode automated parking provides the hotel with more processing flexibility than what they would receive from most banks and processors. This, in turn, helps provide their customers with better service. "As we continue to deliver seamless systems to lower our customers' total cost of ownership, Shift4's Dollars on the net(R) gateway provides the most comprehensive payment processing solution available in the automated parking system industry," said Derek Kiley, President, WPS North America, Inc.
Visa plans IPO aimed at raising over $18 bln
Visa Inc, the world's biggest electronic payment processing company, announced on Monday that it was planning an initial public offering (IPO) in the United States, saying it hoped to raise over 18 billion dollars. Visa, which processes payments for credit and debit cards, said it plans to offer just over 400,000 shares for public purchase. It expects its shares to be priced at between 37 and 42 dollars per share. The San Francisco-based company said in a statment that it plans to launch its IPO as soon as possible. Investors will be able to purchase shares in Visa from a pool of 447 million shares of Class A stock the company intends to sell. The company has hired a group of well-known investment banks to support its IPO, including Goldman Sachs, JP Morgan and HSBC Securities (USA) Inc.
AIADA Establishes Partnership with Moneris Solutions for Dealership ...
ALEXANDRIA, Va., Jan. 14 /PRNewswire/ -- The American International Automobile Dealers Association today announced a new affinity partnership with Moneris Solutions, designed to provide dealer members with exclusive pricing on merchant card processing, check guarantee and conversion, gift cards and ACH/EFT processing. Moneris Solutions is one of North America's largest payments processors with a roster of clients that include numerous Acura, Lexus, Mercedes-Benz and other leading car dealerships. "As more and more customers seek to pay by credit and debit card, and check services become a critical component to closing deals, the ability to accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction," said AIADA President Cody Lusk.
Shift4 Offers Merchants Options to Achieve PCI Compliance
LAS VEGAS, Aug. 7 /PRNewswire/ -- Merchants facing deadlines to comply with Payment Card Industry Data Security Standards (PCI DSS) and protect against credit card data theft have a secure and cost-effective alternative to investing in new point-of-sale and data storage systems. Shift4 Corporation (http://www.shift4.com/) offers a payment processing system that integrates with existing systems and is certified to be in compliance with all Card Association regulations and recognized by Visa USA as compliant with PCI DSS. $$$ ON THE NET(R) (Dollars on the Net) provides authorizations and settlements for credit, debit, check, private-label and gift card transactions. This system is based on Tokenization technology -- developed and publicly released by Shift4 in 2005 -- that provides a greater level of security by removing all usable personal card data from the entire transaction process, including point-of-sale devices.
The £3.5m fraud, the £250,000 flat... and the deputy presiding ...
A SENIOR Labour MSP helped her crooked son cash in on a lucrative Holyrood flat he bought months after defrauding his employers of £3.7million. Deputy presiding officer Trish Godman purchased her son Gary Mulgrew's Edinburgh apartment for £250,000 in late 2006, after he had been extradited to Texas. But Mulgrew, who was last week jailed for his part in an international fraud, had initially bought the property in full, without the need for a mortgage, shortly after embezzling millions of pounds in the Enron-linked scandal. The revelation comes after Mulgrew and two other bankers, dubbed the NatWest Three, were each sentenced in a Houston courtroom on Friday to 37 months. .
Narodny Rock and the G7's Men of Action
Barely three months later in Sept. 2007, however, the global banking crisis had spread onto Britain's high streets, creating the first open "banking run" in more than 130 years at Northern Rock - one of the nation's top five mortgage lenders. Darling has clearly been hard at work ever since...fixing everything that let Northern Rock go from £12.29 per share to £0.52 on the stock market - a full 95% slump - as it soaked up £26 billion ($50.4bn) in emergency loans from the Bank of England. The G7's Men of Action "What you can do at an international level, I believe, is make sure we have better early warning systems," he told CNBC in a relaxed chat last week after the G-7 summit in Tokyo. "[We can] make sure that, er, when it comes to, er, off-balance sheet arrangements, or when it comes to the way that credit reference...er, credit rating agencies behave, then there does need to be international co-operation.
Newsreader Carol Barnes ‘dying’ after stroke
She has chaired a number of conferences, including a government-sponsored summit on age discrimination, and made videos for companies such as Norwich Union, AXA Investments and BAE Systems. She has made cameo appearances in several films. .
Shoring up retirement path
Like many couples in their 50s, Wanda and Donald McCoy are worried about retirement.
And perhaps with good reason: They haven't managed to save much over the years.
They both are planning to work until age 70, but Donald's job as a truck driver can be demanding. And Wanda, as a breast cancer survivor, knows that health-care surprises happen all the time.
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