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IndustryUpdate
ANNOUNCEMENTS 20 top processors and more than 100 ISOs and merchant
level salespeople to provide assistance to merchants
who intend to file claims in the pending Payment Card
Contis sees 400 percent growth
Interchange Fee Settlement case. MCAG noted it has
Since 2010, when the U.K. government revealed plans to spent over a year building a transaction fee data set for
revamp its benefits system via Universal Credit, prepaid an estimated 40 percent of all active merchants.
card program manager Contis Group Ltd. has seen 400 Pride Card raises funds for AIDS Walk
percent growth in the number of U.K. credit unions that
offer the provider's credEcardplus prepaid program. Los Angeles-based ISO Pride Card Services reported
Contis just added a new budgeting tool to credEcard- that it raised over $5,000 for the 29th Annual AIDS Walk
plus designed to "ring fence" funds in prepaid accounts Los Angeles held Oct. 13, 2013. The ISO donates 20 per-
for the paying of essential bills. cent of its net income earned per merchant account to
the charities chosen by its merchants.
ETA forms The Voice of Payments
ProPay named top online payment service
At the 2013 Strategic Leadership Forum held Oct. 15
to 17 in Scottsdale, Ariz., the Electronic Transactions ProPay Inc., a Levi, Utah-based ISO owned by processor
Association launched its new political engagement Total System Services Inc., was named the top online
program, The Voice of Payments, as well as its newly payment service by merchant-focused e-commerce news
formed political action committee, ETAPAC. outlet EcommerceBytes. Readers of EcommerceBytes based
their votes on customer service, account holds proce-
ETA Chief Executive Officer Jason Oxman said, "ETA's dures, and resolution process and fees. In 2010, ProPay
Voice of Payments gives ETA members the tools to advo- was named ISO of the Year by the ETA.
cate for the innovative American companies that are
driving the world's best electronic payments system." In Sequent hosts NFC hackathon
conjunction with ETAPAC, the ETA noted it has doubled
its government relations staff and registered a lobbyist Sequent Software Inc., a trusted service manager for
to increase the association's influence on Capitol Hill. mobile payments, hosted the Sprint Developer Program
Hackathon in San Jose, Calif., on Oct. 17, 2013. The hack-
JetPay receives $10 million infusion athon, which was part of MobileCON 2013, involved
mobile application developers creating apps for Sprint's
JetPay Corp., an ISO headquartered in Carrollton, Texas, Pinsight Touch mobile payment platform that leverage
closed on a $10 million investment from an affiliate of near field communication (NFC) technology.
private equity firm Flexpoint Ford LLC. The investment
is part of an overall $40 million Flexpoint agreed to SoftTouch adds bitcoin functionality
invest into JetPay, subject to the satisfaction of certain
conditions. SoftTouch LLC, a developer of POS and management
solutions for restaurants, said its SoftTouch POS sys-
MCAG offers settlement assistance tem now supports the alternative currency bitcoin. The
POS provider said the integration allows SoftTouch
Claim settlement recovery service Managed Care POS users to accept bitcoin payments for counter, bar,
Advisory Group LLC said it has contracted with over
• According to Credit Donkey's 2013 Holiday Spending
Survey, 77.7 percent of Americans plan to match 2012
spending for Thanksgiving dinner, decorations and
travel; 8.4 anticipate spending more; and 14 percent plan
to reduce spending this year.
• The National Retail Federation projected retail sales
during November and December 2013 could reach
$602.1 billion, outpacing the 10-year average of 3.3
percent and up 3.9 percent from 2012.
• The NPD Group Inc. NPD Annual Holiday Spending
Survey revealed 22 percent of those surveyed will begin
holiday shopping before Thanksgiving. Among
retailers topping the list are discount, online, national chain,
department, toy and warehouse clubs.
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ANNOUNCEMENTS 20 top processors and more than 100 ISOs and merchant
level salespeople to provide assistance to merchants
who intend to file claims in the pending Payment Card
Contis sees 400 percent growth
Interchange Fee Settlement case. MCAG noted it has
Since 2010, when the U.K. government revealed plans to spent over a year building a transaction fee data set for
revamp its benefits system via Universal Credit, prepaid an estimated 40 percent of all active merchants.
card program manager Contis Group Ltd. has seen 400 Pride Card raises funds for AIDS Walk
percent growth in the number of U.K. credit unions that
offer the provider's credEcardplus prepaid program. Los Angeles-based ISO Pride Card Services reported
Contis just added a new budgeting tool to credEcard- that it raised over $5,000 for the 29th Annual AIDS Walk
plus designed to "ring fence" funds in prepaid accounts Los Angeles held Oct. 13, 2013. The ISO donates 20 per-
for the paying of essential bills. cent of its net income earned per merchant account to
the charities chosen by its merchants.
ETA forms The Voice of Payments
ProPay named top online payment service
At the 2013 Strategic Leadership Forum held Oct. 15
to 17 in Scottsdale, Ariz., the Electronic Transactions ProPay Inc., a Levi, Utah-based ISO owned by processor
Association launched its new political engagement Total System Services Inc., was named the top online
program, The Voice of Payments, as well as its newly payment service by merchant-focused e-commerce news
formed political action committee, ETAPAC. outlet EcommerceBytes. Readers of EcommerceBytes based
their votes on customer service, account holds proce-
ETA Chief Executive Officer Jason Oxman said, "ETA's dures, and resolution process and fees. In 2010, ProPay
Voice of Payments gives ETA members the tools to advo- was named ISO of the Year by the ETA.
cate for the innovative American companies that are
driving the world's best electronic payments system." In Sequent hosts NFC hackathon
conjunction with ETAPAC, the ETA noted it has doubled
its government relations staff and registered a lobbyist Sequent Software Inc., a trusted service manager for
to increase the association's influence on Capitol Hill. mobile payments, hosted the Sprint Developer Program
Hackathon in San Jose, Calif., on Oct. 17, 2013. The hack-
JetPay receives $10 million infusion athon, which was part of MobileCON 2013, involved
mobile application developers creating apps for Sprint's
JetPay Corp., an ISO headquartered in Carrollton, Texas, Pinsight Touch mobile payment platform that leverage
closed on a $10 million investment from an affiliate of near field communication (NFC) technology.
private equity firm Flexpoint Ford LLC. The investment
is part of an overall $40 million Flexpoint agreed to SoftTouch adds bitcoin functionality
invest into JetPay, subject to the satisfaction of certain
conditions. SoftTouch LLC, a developer of POS and management
solutions for restaurants, said its SoftTouch POS sys-
MCAG offers settlement assistance tem now supports the alternative currency bitcoin. The
POS provider said the integration allows SoftTouch
Claim settlement recovery service Managed Care POS users to accept bitcoin payments for counter, bar,
Advisory Group LLC said it has contracted with over
• According to Credit Donkey's 2013 Holiday Spending
Survey, 77.7 percent of Americans plan to match 2012
spending for Thanksgiving dinner, decorations and
travel; 8.4 anticipate spending more; and 14 percent plan
to reduce spending this year.
• The National Retail Federation projected retail sales
during November and December 2013 could reach
$602.1 billion, outpacing the 10-year average of 3.3
percent and up 3.9 percent from 2012.
• The NPD Group Inc. NPD Annual Holiday Spending
Survey revealed 22 percent of those surveyed will begin
holiday shopping before Thanksgiving. Among
retailers topping the list are discount, online, national chain,
department, toy and warehouse clubs.
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