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« September 19, 2010 - September 25, 2010 | Main | October 3, 2010 - October 9, 2010 »

October 01, 2010

PlaySpan Introduces Monetization-as-a-Service

playspan_logo_140px.png PlaySpan has announced Monetization-as-a-Service (MaaS), a new seven-layer approach to providing a complete monetization platform. PlaySpan’s MaaS combines a global payment gateway with 85+ payment options; micropayments, subscription, and eCommerce capabilities; an analytics dashboard; and fraud management tools –– all in a PCI and SAS-70 compliant hosted service. GamesBeat has the details.

BillFloat and Partner to Offer Better Way To Pay Bills

billfloat_logo_140px.pngBillFloat, a provider of small-dollar loans for bill payment, and, a credit education company, and will announce a strategic partnership next week at Finovate 2010. BillFloat will be featured alongside tools, consumer credit news, a selection of credit cards, credit scoring products, and credit product reviews.

"In contrast to payday lenders that have encountered resistance from regulators for high cost lending practices, BillFloat’s solution embraces the FDIC’s Small Dollar Loan Template. "

MasterCard Extends Processing Footprint in India and Beyond

MasterCard_logo_140px.pngMasterCard has announced that it now has a 12.5% stake in ElectraCard Services (ECS), a leading India-based provider of payments processing and and management solutions. ECS provides third-party processing services and software for credit, debit and prepaid cards and EFT switching solutions to banks in 25 countries in Asia/Pacific, Middle East and Africa.

Headline News - October 1, 2010

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit Employers seeking to hire payments professionals can post their job openings there as well.

September 30, 2010

MasterCard and Cardtronics Announce Surcharge-Free ATM Partnership

MasterCard_logo_140px.pngMasterCard and Cardtronics have announced an exclusive alliance providing Prepaid MasterCard issuers and program managers an opportunity to expand their ATM footprints through Cardtronics’ Allpoint Network, America’s largest surcharge-free ATM Network. The agreement provides Prepaid MasterCard issuers with the tools to compete effectively for new business and participants with surcharge-free access to more than 32,000 ATMs within the US at retail locations like Target, 7-Eleven, and Costco.

BankServ Introduces Unified iPhone and 'At Home' Remote Deposit Capture

bankserv_logo_140px.pngBankServ has announced a Remote Deposit Capture (RDC) product that combines the ability to deposit checks from the home computer with the ability to deposit checks from an iPhone and other mobile devices. With this solution, banks can now provide their customers the flexibility of depositing checks using a desktop scanner, flatbed scanner, iPhone or other leading mobile device.

Taggo Empowers Sellers to Recognize Fans at the Point of Sale

taggo_logo_140px.pngTaggo has soft launched a new system in Singapore that empowers sellers to identify and reward fans of Facebook Pages in the physical world at the point of sale. This allows sellers to launch Facebook promotions which can be executed immediately at a physical venue.

Here's how it works. Sellers add the Taggo app to their Facebook Pages, which allows fans to enter their preferred tap and go RFID card number. Facebook users in Singapore can then choose their existing transit payment card to be their preferred Taggo device. In a retail setting, Taggo’s fan recognition service is built into the sellers POS system or counter top PC.

Survey Says More Consumers Prefer Online Banking

survey_graphic_140px.pngA new survey by the American Bankers Association (ABA) reports on current consumer preference for various banking channels –– online banking is preferred by 36% of customers, followed by traditional branches (25%), ATMs (15%), mail (8%), and telephone (6%). Mobile, as the newest channel, is preferred by 3% of customers.

Stand Up For Your Right to Write Checks

deluxe_logo_140px.pngA new consumer advocacy program, sponsored by Deluxe Corporation, has launched a campaign to protect Americans against the pressure to use credit or debit cards. As part of the launch, IPSOS has announced survey results that show 75% of consumers insist they should have the freedom to pay at stores or restaurants with whatever method they choose – check, credit card, debit card, or cash. To sign the online petition in support of checks, you can visit

September 29, 2010

PayPal Expands Buyer Protection Program

PayPal_logo-140px.jpgPayPal has announced that it will expand its buyer protections for shoppers. Beginning Nov. 1, 2010, expanded protections will cover shoppers on merchant websites if they don’t receive an item they purchased, or if they receive an item that is significantly different than described by the merchant. The expanded program will be available worldwide, but will exclude buyers in Belgium, Brazil, France, Italy, the Netherlands, Poland and Spain.

Jack Henry Announces Mobile Remote Deposit Capture

JackHenry_logo_140px.pngJack Henry & Associates has announced the addition of mobile remote deposit capture to its comprehensive portfolio of industry-leading remote deposit capture (RDC) solutions provided by its ProfitStars division and marketed under its Alogent brand. ProfitStars will be integrating its Alogent Mobile Remote Deposit Solution with mobile RDC system provided by Mitek Systems.

September 28, 2010

Blackberry Payment Service

blackberry_logo_140px.pngRIM used its Blackberry DevCon 2010 conference yesterday to announce a number of services for developers, including a new Payment Service that allows developers to initiate payment transactions from within mobile apps. Their message to developers:
The Payment Service provides a familiar, fast and secure purchase experience for users. Using their BlackBerry® ID, they can apply various payment methods, including credit card, PayPal® and carrier billing, towards the purchase of digital goods you define—all without leaving your app.
An early release of the Payments Service SDK is available now. RIM also announced developers will receive 70% of in-app revenues.

First Data Names Jonathan Judge as CEO

first data logo 140px.pngFirst Data has announced that Jonathan J. Judge has been named chief executive officer (CEO). Judge brings 34 years of technology industry experience, and was previously president and CEO at Paychex. Prior to Paychex, Judge was the CEO for Crystal Decisions, a private software company providing business intelligence solutions.

CashStar Adds Mobile and Social Capabilities to its Digital Gifting Platform

cashstar_logo_140px.pngCashStar has announced that its retail clients can now offer customers mobile and social capabilities within their eGift card offerings. The Container Store is the first CashStar retailer to roll out Facebook integration. From The Container Store’s eGift Card purchase page, shoppers can send digital gift cards to a friend’s Facebook wall using Facebook Connect. In addition, both senders and recipients of eGift cards have the ability to “Like” and “Share” their digital gifting experiences on Facebook and Twitter.

U.S. Retailers Lost $139 Billion to Fraud in the Last Year

LexisNexis_logo_140px.pngU.S. Retail merchants incurred more than $139 billion in fraud losses over the past year, according to a new study released by LexisNexis Risk Solutions. The study revealed that for every $100 in fraudulent transactions, retailers incurred $310 in total losses, including costs associated with replacing lost or stolen merchandise. Additionally, the study found that consumer victims of retail fraud incurred $5.5 billion in costs stemming from un-reimbursed losses, legal fees and other factors. While fraud is a $100 billion problem for retail merchants, fraud losses decreased by 25% when compared to 2009.

Obopay Announces New Mobile Money Functionality for Banks

Obopay_logo_140px.pngObopay has announced new functionality for its Mobile Money for Banks offering, broadening the scope of mobile transaction capabilities for banks and their customers. The new capabilities for Mobile Money for Banks include mobile transfer capabilities between accounts at different banks, get paid tools including text-to-donate and text-to-pay, and features that make it easier for small businesses or even individuals to accept electronic payments.

U.S. Merchants Enter Holiday 2010 Season on a Foundation of Retail Momentum

chart_growth_140px.pngMarketLive, a hosted eCommerce provider, has announced aggregate performance indicators of their mid-sized retailers for the first nine months of 2010. During the period January 1, 2010-September 20, 2010, retailers experienced a record 44.5% increase in traffic to their sites, resulting in the creation of 55.9% more carts and a 32.4% overall growth in orders. Revenue also increased by 23.3% over the same period in 2009 and units sold increased by 45.5%.

September 27, 2010

Barclaycard Launches Next Generation Online Payments with SmartPay

barclays_logo_140px.pngBarclaycard has announced the launch of Barclaycard SmartPay, designed to help European retailers compete with domestic retailers in foreign markets by increasing support for local payment methods. "Developed in partnership with Adyen, it will revolutionize cross-border eCommerce by offering a simpler, seamless payment experience to consumers."

UK Merchants Discover the Hidden Costs of eCommerce

ChasePaymentech_logo-140px.jpgChase Paymentech Europe has announced results on an independent national merchant survey, finding that "79% financial directors thought that their CNP payment capability had developed in a less than ideal way; a figure which rose to 94% in large organizations. The research also found that 68% of merchants still relied on manual CNP payment processing, requiring staff to process and reconcile CNP data manually, placing a huge strain on finance departments." It's even worse for cross-border sales.

Glenbrook's Jacqueline Chilton at CTIA Conference

Glenbrook's Jacqueline Chilton is moderating a panel on mobile cash at the CTIA Enterprise & Applications Conference being held in San Francisco October 6-8. Jacqueline's panel will focus on mobile payments billed to carrier, and will include panelist from BilltoMobile, Boku, OpenMarket and Zong.

If you're going to be at the conference, - she'd love to meet you!

FourthWall Media Launches TV 'Buy' Button

fourthwall_media_logo_140px.pngFourthWall Media has announced a solution that integrates payments and interactive television.
Programmers and cable distributors can find new and exciting ways to generate revenue. Imagine someday watching your favorite basketball team and being able to instantly purchase a Mavericks jersey with the simple push of a button on your existing remote.
In an agreement with PayPal, FourthWall's solution will make it possible for cable operators to deploy applications on their interactive TV platforms that will allow consumers to access their digital wallet for T-commerce payment.

Bling Nation Now Available Throughout Stanford University Campus

BlingNation_logo_140px.pngAs an expansion of its Palo Alto deployment, Bling Nation has announced its mobile phone payment service is now available throughout Stanford University.
"Bling Nation is a perfect fit for Stanford University campus, as the students are addicted to their mobile phones and can't wait to try the next cool technology," said Stephanie Werner, student at Stanford University. "One thing Stanford students keep with them at all times is their cell phone, so it makes sense that the phone can be used for purchases on and off campus."
Currently, more than 6,000 active BlingTags are being used in Palo Alto with more being added daily.

New Payment Tokenization Service Unveiled for the Akamai Cloud

akamai_logo_140px.pngAkamai Technologies has announced a new Edge Tokenization payment security service that is seamless and undisruptive to a retailer's existing eCommerce workflow. The Akamai solution enables card data to be converted to a token prior to Web transactions landing on a merchant's infrastructure.

Headline News - September 27, 2010

Headline News is brought to you by Glenbrook Partners:

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit Employers seeking to hire payments professionals can post their job openings there as well.


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