Fiserv Q1: Revenue+ . . . Sales Growth+ . . . Free Cash Flow+

WI-based Fiserv gross revenue posted up mid single-digits year-on-year (YOY) in first quarter (1Q/17). However, net income declined, impacted by the previous sale of StoneRiver, and slightly rising expenses, according to CardData. Fiserv posted gross revenue of $1394 million for the first quarter, a 5.6% YOY gain, compared to $1431 million for the prior quarter,…

Tech & Jazz & Startups to Have a Collision in The Big Easy

America’s fastest growing tech conference, with more than 20,000 attendees, and millions of business ideas including fintech is slated for early May in New Orleans. Collision attendees include 3,000 CEOs and other senior executives. About 4,500 companies will be represented from 110 countries. It is an ultimate event, and best of all, it is sandwiched…

Biometrics Market to Grow 12% CAGR Driven by Untrustworthy Passwords

Biometrics involves identification and verification of physical traits such as fingerprints, hand geometry, face recognition, and iris recognition, and behavioral traits such as keystroke patterns, signature, and voice recognition. Its application to the payments industry and the replacement of old-school passwords cannot be understated. With double-digit growth, biometrics is a potentially explosive sector with payments.…

LG Pay Adopts Wireless Magnetic Communication Solution

Dynamics’ proprietary Wireless Magnetic Communication (WMC) technology is being intergrated into the mobile payment strategy of LG Electronics. The game-changing technology revolutionizes mobile payments by allowing LG mobile phones to wirelessly communicate traditional magnetic stripe information directly to traditional magnetic stripe readers. An early version of the company’s WMC technology will be featured on the…

Ford SYNC Applink Set to Literally Drive Future Mobile Payments

Ford Motor has inked deals with ExxonMobil, Samsung, DriverScore, Sygic and Dash Radio to enable consumers to pay for gas without leaving the car, project a navigation map from a smartphone to the in-car touch screen, and using a new app that could help lower vehicle insurance rates. Leveraging ExxonMobil’s Speedpass+, an automated payment system…

ATM Users Can Now Swipe, Pinch and Zoom Quickly through Transactions

NCR unveiled the NCR SelfServ 80 Series, a new family of ATM solutions enabling bankers to provide one-to-one interactions at moments that are the most relevant, useful, and actionable. Through a unique combination of innovation across software, hardware, and services, consumers and financial institutions will gain many new benefits from this mobile-ready ATM solution. A…

USAT Cashless Vending Hits Pay Dirt with NC/SC Pepsi Deal

USA Technologies signed agreements with several Pepsi Cola bottling franchisees throughout North and South Carolina to leverage USAT’s cashless payment technologies within their existing inventory of vending machines. The company has 11,900 customers and over 469,000 point of sale cashless payment devices on the ePort Connect platform. In total, six Pepsi-licensed bottlers, operating under the…

Diebold Nixdorf’s New Extreme Self-Checkout Concept is 1.5X the Width of a Dollar Bill

Diebold Nixdorf’s new Extreme Self-Checkout offers the ability to serve as an automated teller machine (ATM), point-of-sale (POS) terminal and a self-checkout unit. The concept enables an unprecedented level of consumer convenience by connecting the physical and digital worlds of shopping to create a seamless end-to-end experience.  By accepting cash, card and contactless payments, the…