Monday, April 12, 2010

PAX Technology, Inc. Continues to Build the U.S. Team



http://www.pax.us

Carmen Paraschiv Appointed as Vice President of Strategic Development

ATLANTA & SHENZHEN, China--(BUSINESS WIRE)--PAX Technology, Inc., the leading global provider of innovative electronic payment terminal products, today announced the appointment of Carmen Paraschiv as Vice President of Strategic Development. Ms. Paraschiv will be responsible for working with our internal teams in making sure our products meet industry compliance guidelines. In addition, Carmen will work very closely with our partners with certifications and rollouts.
“Carmen Paraschiv’s vast experience in certification and compliance will be a tremendous asset for PAX as we continue to expand our POS device line and bring to the market solid payment applications”
“Carmen Paraschiv’s vast experience in certification and compliance will be a tremendous asset for PAX as we continue to expand our POS device line and bring to the market solid payment applications," said Michael Mulcahy, PAX President & CEO. “As we continue to build the US team, we are bringing on industry experts such as Carmen who will drive our team to success.”
"I'm delighted to be on board with PAX Technology. We have the expertise, product line and product roadmap to be successful in the marketplace in what is an increasingly complex marketplace," said Carmen Paraschiv.
Carmen Paraschiv joined PAX Technology, Inc. after 15 years in the payment industry. Carmen spent 2 years as EVP of Project Management at Exadigm, Inc. where she successfully managed their first 3 Class A certifications. Prior to Exadigm, she was with Lipman for 11 years which was acquired by Verifone in 2006. Carmen held a range of key positions at Lipman USA including Customer Service and Quality Assurance Manager. She also was part of the Lipman/Verifone transition team in the US and became Verifone's PMO Manager in January, 2007. After leaving Lipman/Verifone, Carmen established Stand by Me, Inc. as an industry consultant.
Carmen holds a Bachelor's Degree in Economics and Computer Science from the University of Planning and Cybernetics, Academy of Economic Studies in Bucharest, Romania.
About PAX
PAX is a leading global provider of innovative electronic point-of-sale (POS) payment terminal solutions and the dominant supplier in China. PAX officially opened its first U.S. office in September 2008 with headquarters in Atlanta, GA. PAX is solely owned by HISUN Technology, which is listed in the Hong Kong stock market.

Contacts

PAX Technology, Inc.

Wendy Lund, 770-859-0099 ext. 121

VP, Product Marketing

marketing@pax.us
Permalink: http://www.businesswire.com/news/home/20100412005683/en/PAX-Technology-Continues-Build-U.S.-Team

PAX Technology, Inc. Continues to Build the U.S. Team



http://www.pax.us

Carmen Paraschiv Appointed as Vice President of Strategic Development

ATLANTA & SHENZHEN, China--(BUSINESS WIRE)--PAX Technology, Inc., the leading global provider of innovative electronic payment terminal products, today announced the appointment of Carmen Paraschiv as Vice President of Strategic Development. Ms. Paraschiv will be responsible for working with our internal teams in making sure our products meet industry compliance guidelines. In addition, Carmen will work very closely with our partners with certifications and rollouts.
“Carmen Paraschiv’s vast experience in certification and compliance will be a tremendous asset for PAX as we continue to expand our POS device line and bring to the market solid payment applications”
“Carmen Paraschiv’s vast experience in certification and compliance will be a tremendous asset for PAX as we continue to expand our POS device line and bring to the market solid payment applications," said Michael Mulcahy, PAX President & CEO. “As we continue to build the US team, we are bringing on industry experts such as Carmen who will drive our team to success.”
"I'm delighted to be on board with PAX Technology. We have the expertise, product line and product roadmap to be successful in the marketplace in what is an increasingly complex marketplace," said Carmen Paraschiv.
Carmen Paraschiv joined PAX Technology, Inc. after 15 years in the payment industry. Carmen spent 2 years as EVP of Project Management at Exadigm, Inc. where she successfully managed their first 3 Class A certifications. Prior to Exadigm, she was with Lipman for 11 years which was acquired by Verifone in 2006. Carmen held a range of key positions at Lipman USA including Customer Service and Quality Assurance Manager. She also was part of the Lipman/Verifone transition team in the US and became Verifone's PMO Manager in January, 2007. After leaving Lipman/Verifone, Carmen established Stand by Me, Inc. as an industry consultant.
Carmen holds a Bachelor's Degree in Economics and Computer Science from the University of Planning and Cybernetics, Academy of Economic Studies in Bucharest, Romania.
About PAX
PAX is a leading global provider of innovative electronic point-of-sale (POS) payment terminal solutions and the dominant supplier in China. PAX officially opened its first U.S. office in September 2008 with headquarters in Atlanta, GA. PAX is solely owned by HISUN Technology, which is listed in the Hong Kong stock market.

Contacts

PAX Technology, Inc.

Wendy Lund, 770-859-0099 ext. 121

VP, Product Marketing

marketing@pax.us
Permalink: http://www.businesswire.com/news/home/20100412005683/en/PAX-Technology-Continues-Build-U.S.-Team

Alfredo Gangotena Named MasterCard Chief Marketing Officer

Succeeds Lawrence Flanagan who will retire from MasterCard



Purchase, NY,  - MasterCard Worldwide announced last week that Alfredo Gangotena has been appointed Chief Marketing Officer, effective immediately. Most recently, Gangotena served as the Global Products and Solutions lead for MasterCard in Europe, and will now relocate from Waterloo, Belgium to Purchase, New York.
As CMO, Gangotena will have global responsibility for the company's advertising, sponsorships, promotions, research, insights and digital marketing initiatives.
"We are very pleased that we are able to leverage our in-house talent, making Alfredo the next CMO for MasterCard," said Gary Flood, president global products and solutions for MasterCard. "Since joining MasterCard in 2004, he has spent time in Europe as well as Asia/Pacific, Middle East and Africa. His regional exposure adds significant value and will benefit our company as he leads our global marketing efforts. Additionally, Alfredo's passion for marketing, experience with global brands, and knowledge of the payments industry will serve him well in his new position, and makes him the ideal candidate to continue to build the MasterCard brand going forward."
Gangotena succeeds Lawrence Flanagan, who has decided to retire after 10 years as the company's CMO, and 14 years with the company. Flanagan is most notably known for the development and successful global evolution of MasterCard's award-winning Priceless marketing platform, which can be seen today in more than 110 countries.
"Over the years, Larry made tremendous contributions to MasterCard," said Flood. "He leaves us with one of the most successful, world renowned brands. We appreciate his contributions and wish him well as he embarks on the next stage of his life."
Gangotena brings extensive general management and international marketing expertise to his new role. Most recently, he served as the Global Products and Solutions Lead for MasterCard in Europe where he coordinated plans for product development, sales, marketing, communications and MasterCard Advisors. Previously, he was General Manager, Continental Europe and General Manager, Asia-Pacific, Middle-East and Africa.
Prior to joining MasterCard, Gangotena was CEO of Hutchison/Priceline, a joint venture between Hutchison Whampoa and priceline.com in Asia/Pacific where he gained valuable online marketing experience. He also held senior management positions with other global companies, including: General Manager, Europe, Procter & Gamble; President, Asia/Pacific, The Henkel Group; CEO, France, Universal Music-PolyGram; and The Walt Disney Company.
Gangotena holds a Master of Science degree in Mechanical Engineering from the University of Wisconsin, Madison, in the United States and is a graduate Engineer from Ecole Centrale Paris, France. Gangotena is a French national, and he is married with two daughters.
About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.


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Alfredo Gangotena Named MasterCard Chief Marketing Officer

Succeeds Lawrence Flanagan who will retire from MasterCard



Purchase, NY,  - MasterCard Worldwide announced last week that Alfredo Gangotena has been appointed Chief Marketing Officer, effective immediately. Most recently, Gangotena served as the Global Products and Solutions lead for MasterCard in Europe, and will now relocate from Waterloo, Belgium to Purchase, New York.
As CMO, Gangotena will have global responsibility for the company's advertising, sponsorships, promotions, research, insights and digital marketing initiatives.
"We are very pleased that we are able to leverage our in-house talent, making Alfredo the next CMO for MasterCard," said Gary Flood, president global products and solutions for MasterCard. "Since joining MasterCard in 2004, he has spent time in Europe as well as Asia/Pacific, Middle East and Africa. His regional exposure adds significant value and will benefit our company as he leads our global marketing efforts. Additionally, Alfredo's passion for marketing, experience with global brands, and knowledge of the payments industry will serve him well in his new position, and makes him the ideal candidate to continue to build the MasterCard brand going forward."
Gangotena succeeds Lawrence Flanagan, who has decided to retire after 10 years as the company's CMO, and 14 years with the company. Flanagan is most notably known for the development and successful global evolution of MasterCard's award-winning Priceless marketing platform, which can be seen today in more than 110 countries.
"Over the years, Larry made tremendous contributions to MasterCard," said Flood. "He leaves us with one of the most successful, world renowned brands. We appreciate his contributions and wish him well as he embarks on the next stage of his life."
Gangotena brings extensive general management and international marketing expertise to his new role. Most recently, he served as the Global Products and Solutions Lead for MasterCard in Europe where he coordinated plans for product development, sales, marketing, communications and MasterCard Advisors. Previously, he was General Manager, Continental Europe and General Manager, Asia-Pacific, Middle-East and Africa.
Prior to joining MasterCard, Gangotena was CEO of Hutchison/Priceline, a joint venture between Hutchison Whampoa and priceline.com in Asia/Pacific where he gained valuable online marketing experience. He also held senior management positions with other global companies, including: General Manager, Europe, Procter & Gamble; President, Asia/Pacific, The Henkel Group; CEO, France, Universal Music-PolyGram; and The Walt Disney Company.
Gangotena holds a Master of Science degree in Mechanical Engineering from the University of Wisconsin, Madison, in the United States and is a graduate Engineer from Ecole Centrale Paris, France. Gangotena is a French national, and he is married with two daughters.
About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.


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Finovate Launches Blog to Cover FinTech Innovation News

FinovateSpring . San Francisco . May 11 2010












Register NowLearn More

Finovate conferences launches blog to cover fintech innovation news



Good morning --



We're excited to announce the launch of the blog for the Finovate Conference Series.

The blog will cover the latest fintech news from the hundreds of innovative companies that have demoed at a Finovate event in the past.



As someone who "opted in" at the Finovate.com website in the past to receive news about Finovate and our presenters, we've given you an email subscription to the blog. If you would prefer not to be a subscriber to the blog, we apologize. The usual unsubscribe links are below.



"Finovate"
uses FeedBlitz to manage these email deliveries.



To ensure that updates reach your inbox correctly, please add FeedBlitz's email address FeedBlitz@mail.feedblitz.com to your email white list or address book now.

If you no longer want "Finovate" email updates, you may safely unsubscribe online at any time using the link at the end of this or any future message we send you; to report abuse please write to abuse@feedblitz.com. You can also review FeedBlitz's privacy policy and terms of service.



Please contact us if you have any questions about these updates, your subscription to "Finovate" or FeedBlitz's services.



Thanks for your interest in Finovate. We hope you enjoy the new blog and look forward to seeing you at one of our events soon!



Thank You,

Eric Mattson

CEO of the Finovate Conference Series

info@finovate.com

Finovate Launches Blog to Cover FinTech Innovation News

FinovateSpring . San Francisco . May 11 2010












Register NowLearn More

Finovate conferences launches blog to cover fintech innovation news



Good morning --



We're excited to announce the launch of the blog for the Finovate Conference Series.

The blog will cover the latest fintech news from the hundreds of innovative companies that have demoed at a Finovate event in the past.



As someone who "opted in" at the Finovate.com website in the past to receive news about Finovate and our presenters, we've given you an email subscription to the blog. If you would prefer not to be a subscriber to the blog, we apologize. The usual unsubscribe links are below.



"Finovate"
uses FeedBlitz to manage these email deliveries.



To ensure that updates reach your inbox correctly, please add FeedBlitz's email address FeedBlitz@mail.feedblitz.com to your email white list or address book now.

If you no longer want "Finovate" email updates, you may safely unsubscribe online at any time using the link at the end of this or any future message we send you; to report abuse please write to abuse@feedblitz.com. You can also review FeedBlitz's privacy policy and terms of service.



Please contact us if you have any questions about these updates, your subscription to "Finovate" or FeedBlitz's services.



Thanks for your interest in Finovate. We hope you enjoy the new blog and look forward to seeing you at one of our events soon!



Thank You,

Eric Mattson

CEO of the Finovate Conference Series

info@finovate.com

AliPay Receives $732 Million Investment from Alibaba Group



Alipay Receives RMB5 Billion Investment from Alibaba Group

Investment to Target Infrastructure Security; Product Development; Customer Accounts and Merchant Network Growth; and Talent Development
HANGZHOU, China--(BUSINESS WIRE)--Alipay, China’s largest online payment network, has announced that Alibaba Group will invest a total of RMB5 billion (US$732 million1) over the next five years to upgrade the payment solution for e-commerce in China and around the world.
“Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand”
“Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand,” said Lucy Peng, CEO of Alipay & CPO of Alibaba Group. “Consumers expect a safe, convenient and affordable globalized payment platform. That’s what we have offered since the creation of Alipay and with this investment we aim to continue playing a fundamental role in the ongoing development of e-commerce in China and around the world.”
The new investment of RMB5 billion will be used to enhance infrastructure security; develop products to improve ease of use and convenience for customers; continue to grow a massive number of consumer accounts; build a comprehensive network of merchants; and retain and attract top-tier talent from the payments industry.
“A truly first-rate payment infrastructure must be one that offers unquestionable security and an excellent user experience. It must be universally accepted by consumers and merchants. Only a platform with these qualities will be able to meet the growing demands of the hundreds of millions of consumers embracing retail e-commerce,” said Peng.
With this investment, Alipay will be able to attract and train a larger pool of talented professionals from the payments industry who will build a truly globalized and sophisticated e-commerce payment infrastructure. Alipay will also commit additional resources into online safety and security, risk and data management, as well as innovate in new technology areas such as mobile payments.
About Alipay
Alipay is China's leading online payment solution, enabling individuals and businesses to execute payments online in an easy, safe and secure manner. Alipay had a registered user base of over 300 million as of March 2010. Alipay partners with banks to provide an escrow service for payments, which reduces the settlement risks faced by Alipay's customers in their e-commerce transactions. Alipay, headquartered in Hangzhou, was founded by Alibaba Group in 2004.
About Alibaba Group
Alibaba Group is a global e-commerce leader and the largest e-commerce company in China. Since it was founded in 1999, Alibaba Group has grown to include the following core businesses: Alibaba.com (HKSE:1688.HK), Alibaba Group's flagship company and the world's leading B2B e-commerce company; Taobao, China's largest Internet retail Web site and a one-stop platform for shopping, socializing and information sharing; Alipay, China's leading third-party online payment service; Alibaba Cloud Computing, a developer of advanced data-centric cloud computing services; and China Yahoo!, one of China's leading Internet portals.
1 US$1 = RMB 6.83

Contacts

Alibaba Group

John W. Spelich, +852 2215 5129

johnspelich@hk.alibaba-inc.com

Justine Chao, +852 2215 5229

justinechao@hk.alibaba-inc.com
Permalink: http://www.businesswire.com/news/home/20100411005083/en/Alipay-Receives-RMB5-Billion-Investment-Alibaba-Group


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AliPay Receives $732 Million Investment from Alibaba Group



Alipay Receives RMB5 Billion Investment from Alibaba Group

Investment to Target Infrastructure Security; Product Development; Customer Accounts and Merchant Network Growth; and Talent Development
HANGZHOU, China--(BUSINESS WIRE)--Alipay, China’s largest online payment network, has announced that Alibaba Group will invest a total of RMB5 billion (US$732 million1) over the next five years to upgrade the payment solution for e-commerce in China and around the world.
“Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand”
“Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand,” said Lucy Peng, CEO of Alipay & CPO of Alibaba Group. “Consumers expect a safe, convenient and affordable globalized payment platform. That’s what we have offered since the creation of Alipay and with this investment we aim to continue playing a fundamental role in the ongoing development of e-commerce in China and around the world.”
The new investment of RMB5 billion will be used to enhance infrastructure security; develop products to improve ease of use and convenience for customers; continue to grow a massive number of consumer accounts; build a comprehensive network of merchants; and retain and attract top-tier talent from the payments industry.
“A truly first-rate payment infrastructure must be one that offers unquestionable security and an excellent user experience. It must be universally accepted by consumers and merchants. Only a platform with these qualities will be able to meet the growing demands of the hundreds of millions of consumers embracing retail e-commerce,” said Peng.
With this investment, Alipay will be able to attract and train a larger pool of talented professionals from the payments industry who will build a truly globalized and sophisticated e-commerce payment infrastructure. Alipay will also commit additional resources into online safety and security, risk and data management, as well as innovate in new technology areas such as mobile payments.
About Alipay
Alipay is China's leading online payment solution, enabling individuals and businesses to execute payments online in an easy, safe and secure manner. Alipay had a registered user base of over 300 million as of March 2010. Alipay partners with banks to provide an escrow service for payments, which reduces the settlement risks faced by Alipay's customers in their e-commerce transactions. Alipay, headquartered in Hangzhou, was founded by Alibaba Group in 2004.
About Alibaba Group
Alibaba Group is a global e-commerce leader and the largest e-commerce company in China. Since it was founded in 1999, Alibaba Group has grown to include the following core businesses: Alibaba.com (HKSE:1688.HK), Alibaba Group's flagship company and the world's leading B2B e-commerce company; Taobao, China's largest Internet retail Web site and a one-stop platform for shopping, socializing and information sharing; Alipay, China's leading third-party online payment service; Alibaba Cloud Computing, a developer of advanced data-centric cloud computing services; and China Yahoo!, one of China's leading Internet portals.
1 US$1 = RMB 6.83

Contacts

Alibaba Group

John W. Spelich, +852 2215 5129

johnspelich@hk.alibaba-inc.com

Justine Chao, +852 2215 5229

justinechao@hk.alibaba-inc.com
Permalink: http://www.businesswire.com/news/home/20100411005083/en/Alipay-Receives-RMB5-Billion-Investment-Alibaba-Group


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Social Gold Launches Partnerships with Global Payment Methods paysafecard, Cherry Credits, and Ukash

http://www.jambool.com

Leading Virtual Goods Monetization Platform Providing Seamless Payments Experience in Global Markets for Nexopia, Tetris® Friends and Wonderhill
SAN FRANCISCO--(BUSINESS WIRE)--Social Gold, the leading virtual goods monetization platform for thousands of online games and virtual worlds, today announced the launch of partnerships with direct payment methods paysafecard, Cherry Credits, and Ukash. Additionally, Social Gold will support Interac bank transfers. Through these partnerships, Social Gold will provide support for local currency and payment methods in Canada, Europe, Asia and the Middle East. Using the Social Gold platform, customers will be able to purchase virtual goods in 20 local currencies, including Euros, Pounds, Canadian dollars, Hong Kong dollars and Australian dollars. Additionally, Social Gold today announced partnerships to support payments in Canada, Australia and parts of Europe for leading online communities NexopiaTetris Friends and Wonderhill.
“As Canada’s largest social networking site for teens, our first priority is providing a high quality user experience, and Social Gold’s in-app payments solution enables a seamless purchasing experience for our community”
“One of the biggest challenges facing publishers of virtual economies is how to effectively manage global payments and currency exchanges,” said Vikas Gupta, co-founder and CEO of Social Gold. “Our platform solves this problem because we have built direct integrations with the most relevant payment methods for customers in specific regions. Our partnerships with paysafecard, Cherry Credits, and Ukash, which ensure 100% coverage of payment methods in a specific set of regions, streamline the purchasing experience and lead to increased conversion.”
By partnering with global payment methods paysafecard, Cherry Credits, and Ukash, Social Gold is now able to offer customers a frictionless payments experience in a wide variety of local currencies in international markets across Canada, Europe, Asia and the Middle East. Regardless of the language or currency that customers use, Social Gold ensures that exchange rates, regulations and local fees don’t get in the way of profits and market penetration for publishers. Additionally, Social Gold provides publishers with a comprehensive payments solution as customers can purchase virtual goods using credit and debit cards, mobile payments, cash and bank transfers. Over the course of the year, Social Gold will expand their partnerships to additional growing overseas markets such as Southeast Asia and Latin America.
“When publishers integrate the Social Gold platform, they typically see a 30-50% lift in conversion as well as the lifetime value of customers increase to twice as long. Now with the ability to allow users to buy in their local currencies, we are also seeing a 10% lift in average order size,” said Gupta.
With today’s payment methods launch, Social Gold starts supporting the virtual economies for Nexopia in Canada, Wonderhill in Europe, and Tetris Friends in Canada, the United Kingdom and Australia. Going forward, Social Gold will enable these publishers to monetize different currencies and accept a wide variety of payment forms seamlessly.
“As Canada’s largest social networking site for teens, our first priority is providing a high quality user experience, and Social Gold’s in-app payments solution enables a seamless purchasing experience for our community,” said Kevin Swan of Nexopia. “We’re looking forward to gaining the feedback from our community on the new payments platform and growing our relationship with Social Gold.”
For more information about Social Gold, visit the official website at http://getsocialgold.com.
About Social Gold™
Social Gold™ is an industry-leading virtual goods monetization platform owned and operated by Jambool, Inc. The Social Gold platform enables developers to create and manage their own white-labeled virtual currency, provide an unparalleled payments experience to their users, and optimize their virtual economy using robust analytics. Through an innovative in-Flash payments solution and direct integrations with the most relevant payment methods in global markets, the Social Gold platform streamlines the purchasing experience and drives conversion. Jambool, Inc. was co-founded by Amazon.com veterans Vikas Gupta and Reza Hussein and has offices in San Francisco, Seattle and Singapore. For more information, please visit http://getsocialgold.com.
© Jambool, Inc. All rights reserved. Jambool and Social Gold are the trademarks of Jambool, Inc. All third-party trademarks are the property of their respective owners.

Contacts

TriplePoint

Kate Pietrelli, 415-955-8500

katep@triplepointpr.com
Permalink: http://www.businesswire.com/news/home/20100412005666/en/Social-Gold-Launches-Partnerships-Global-Payment-Methods


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Social Gold Launches Partnerships with Global Payment Methods paysafecard, Cherry Credits, and Ukash

http://www.jambool.com

Leading Virtual Goods Monetization Platform Providing Seamless Payments Experience in Global Markets for Nexopia, Tetris® Friends and Wonderhill
SAN FRANCISCO--(BUSINESS WIRE)--Social Gold, the leading virtual goods monetization platform for thousands of online games and virtual worlds, today announced the launch of partnerships with direct payment methods paysafecard, Cherry Credits, and Ukash. Additionally, Social Gold will support Interac bank transfers. Through these partnerships, Social Gold will provide support for local currency and payment methods in Canada, Europe, Asia and the Middle East. Using the Social Gold platform, customers will be able to purchase virtual goods in 20 local currencies, including Euros, Pounds, Canadian dollars, Hong Kong dollars and Australian dollars. Additionally, Social Gold today announced partnerships to support payments in Canada, Australia and parts of Europe for leading online communities NexopiaTetris Friends and Wonderhill.
“As Canada’s largest social networking site for teens, our first priority is providing a high quality user experience, and Social Gold’s in-app payments solution enables a seamless purchasing experience for our community”
“One of the biggest challenges facing publishers of virtual economies is how to effectively manage global payments and currency exchanges,” said Vikas Gupta, co-founder and CEO of Social Gold. “Our platform solves this problem because we have built direct integrations with the most relevant payment methods for customers in specific regions. Our partnerships with paysafecard, Cherry Credits, and Ukash, which ensure 100% coverage of payment methods in a specific set of regions, streamline the purchasing experience and lead to increased conversion.”
By partnering with global payment methods paysafecard, Cherry Credits, and Ukash, Social Gold is now able to offer customers a frictionless payments experience in a wide variety of local currencies in international markets across Canada, Europe, Asia and the Middle East. Regardless of the language or currency that customers use, Social Gold ensures that exchange rates, regulations and local fees don’t get in the way of profits and market penetration for publishers. Additionally, Social Gold provides publishers with a comprehensive payments solution as customers can purchase virtual goods using credit and debit cards, mobile payments, cash and bank transfers. Over the course of the year, Social Gold will expand their partnerships to additional growing overseas markets such as Southeast Asia and Latin America.
“When publishers integrate the Social Gold platform, they typically see a 30-50% lift in conversion as well as the lifetime value of customers increase to twice as long. Now with the ability to allow users to buy in their local currencies, we are also seeing a 10% lift in average order size,” said Gupta.
With today’s payment methods launch, Social Gold starts supporting the virtual economies for Nexopia in Canada, Wonderhill in Europe, and Tetris Friends in Canada, the United Kingdom and Australia. Going forward, Social Gold will enable these publishers to monetize different currencies and accept a wide variety of payment forms seamlessly.
“As Canada’s largest social networking site for teens, our first priority is providing a high quality user experience, and Social Gold’s in-app payments solution enables a seamless purchasing experience for our community,” said Kevin Swan of Nexopia. “We’re looking forward to gaining the feedback from our community on the new payments platform and growing our relationship with Social Gold.”
For more information about Social Gold, visit the official website at http://getsocialgold.com.
About Social Gold™
Social Gold™ is an industry-leading virtual goods monetization platform owned and operated by Jambool, Inc. The Social Gold platform enables developers to create and manage their own white-labeled virtual currency, provide an unparalleled payments experience to their users, and optimize their virtual economy using robust analytics. Through an innovative in-Flash payments solution and direct integrations with the most relevant payment methods in global markets, the Social Gold platform streamlines the purchasing experience and drives conversion. Jambool, Inc. was co-founded by Amazon.com veterans Vikas Gupta and Reza Hussein and has offices in San Francisco, Seattle and Singapore. For more information, please visit http://getsocialgold.com.
© Jambool, Inc. All rights reserved. Jambool and Social Gold are the trademarks of Jambool, Inc. All third-party trademarks are the property of their respective owners.

Contacts

TriplePoint

Kate Pietrelli, 415-955-8500

katep@triplepointpr.com
Permalink: http://www.businesswire.com/news/home/20100412005666/en/Social-Gold-Launches-Partnerships-Global-Payment-Methods


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http://www.hypercom.com

Hypercom and First Data Team to Step Up Payment Industry’s Attack on Card Data Fraud

  • First Data Approves Hypercom as an Encrypting Service Organization for Remote Key Injection

  • Hypercom and TASQ to Roll-out HyperSafe® Remote Key System

  • Industry Leaders to Boost Security for Merchants with TransArmor™ and HyperSafe

SCOTTSDALE, Ariz., & ATLANTA--(BUSINESS WIRE)--High security electronic payment and digital transactions solutions provider Hypercom Corporation (NYSE: HYC) and First Data Corporation, a global leader in electronic commerce and payment processing, today announced that First Data has approved Hypercom as an encrypting service organization for remote key injection and that Hypercom’s HyperSafe® Remote Key System will be available through First Data’s TASQ Technology. The companies also announced that Hypercom is teaming with First Data to implement the First Data® TransArmorSM solution as a significant advance in the payment industry’s attack on card data fraud.
“Add to that the fast approaching requirements for 3DES, and the ability to expedite merchant migration to 3DES and eliminate cost is essential.”
“Implementing effective data security requires sophisticated and tailored technologies that make it easier for our merchant customers to do business. The time, convenience, cost and security benefits of Hypercom’s remote key injection system are clear, and the additional security offered by HyperSafe complements TransArmor’s objectives to deliver much needed security to our business partners and respective merchants globally,” said Ed Labry, president of Retail and Alliance Services, First Data.
Industry’s Leading Standards-Based Remote Key Injection
Hypercom’s Remote Key System (HRKS) is the industry’s leading standards-based remote key injection product that allows retailers to quickly and securely initiate on-site, in-store payment terminal key injection at the point of sale. Available through First Data’s TASQ Technology, the system offers a fast and highly secure alternative to the industry’s traditional secure room key injection process.
HRKS eliminates the need for off-site secure room key injection by incorporating PKI (Public Key Infrastructure) to securely distribute symmetric 3DES keys. HRKS meets ANSI x9.24 and Visa PIN Security Guidelines for remote key management, and is FIPS 140-2 Level 3 and X509 compliant.
“Merchants in today’s demanding economy need the fastest, most proven and flexible secure key injection software to streamline their operations and boost the bottom-line. No one wants to waste the time and money shipping their newest terminals off-site, nor should they be expected to do that,” said Philippe Tartavull, chief executive officer and president, Hypercom Corporation. “Add to that the fast approaching requirements for 3DES, and the ability to expedite merchant migration to 3DES and eliminate cost is essential.”
Hypercom’s HyperSafe Remote Key System was awarded the globally prestigious Sesame Award at Cartes 2009. The Sesame Awards represent an unchallenged seal of approval in innovation and are regarded as the global standard for card manufacturers and related industries.
Partnership to Fight Card Data Fraud
In another key step in the alliance being formulated by the two payment security industry leaders, Hypercom intends to market the First Data TransArmor solution and First Data intends to incorporate Hypercom’s HyperSafe secure suite of security products as an added layer of protection for merchants.
The TransArmor solution addresses the root cause of merchant data security issues by removing payment card data from the merchant environment as part of processing the transaction, significantly reducing risk and the scope of PCI compliance efforts. The solution leverages the RSA SafeProxy™ architecture, a powerful combination of asymmetric encryption, tokenization and key management engineered to provide the benefit of end-to-end protection and eliminate on-site cardholder data storage for merchants. Unique features of the token make it possible for merchants to continue to handle key business functions such as returns, recurring billing, loyalty programs and other analysis, without enabling card data to be used for fraudulent transactions.
Hypercom’s HyperSafe suite of security products protects cardholder data during operation and maintenance, defending terminals from rogue applications and malware, protects the terminal management system from communicating with fraudulent terminals and provides the industry’s only remote key management system. Key benefits for banks, processors and large retailers: protects their investment in the point of sale estate, reduces the potential for fraudulent use of terminals and ensures the secure transport of cryptographic keys. HyperSafe is one of five key components Hypercom delivers to protect payment card data.
“We are making available the smartest array of security approaches providing choices for businesses of all types to fortify their defenses and protect cardholder data against current and future threats. The addition of the First Data TransArmor solution to our arsenal of crime-fighting technologies together with our HyperSafe suite of security products allows us to deliver the industry’s most comprehensive selection of security solutions,” said Mr. Tartavull.
Additional resources:
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the aggregate data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service, and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Hypercom and HyperSafe are registered trademarks of Hypercom Corporation. The First Data and TransArmor trademarks and service marks are owned by First Data Corporation and are either registered or used in the United States and/or in other countries. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Contacts

Hypercom Corporation

Pete Schuddekopf, 480-642-5383

pschuddekopf@hypercom.com

or

First Data

Elizabeth Grice, 303-967-8526

elizabeth.grice@firstdata.com
Permalink: http://www.businesswire.com/news/home/20100412005154/en/Hypercom-Data-Team-Step-Payment-Industry%E2%80%99s-Attack


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