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November 29, 2011

MasterCard and Western Union Partner on Electronic Payments

WesternUnion logo 140px MasterCard logo 140px MasterCard and Western Union have announced a global agreement to cooperate on prepaid cards and money transfers.

MasterCard and Western Union have been working together to provide prepaid card services for the past year. The expanded global relationship makes MasterCard the preferred brand for Western Union-sponsored prepaid programs around the world and makes Western Union the preferred money transfer service for MasterCard. Consumers will have access to a global network to transfer and load funds onto prepaid cards. Western Union and MasterCard prepaid cardholders will be able to reload their prepaid cards at MasterCard rePower locations as well as at participating Western Union® Agent locations.

'An Easy Way To Pay' Is Not Enough

Mobey forum logo 140px "Simply providing consumers with the convenience and functionality of mobile wallet technology will not be sufficient to drive mass-market adoption", according to Mobey Forum. In a recently announced white paper entitled 'Mobile Wallet – Definition and Vision’, the bank-led industry association argues that it will take a lot more than just contactless payment card emulation to drive consumer use of mobile wallets.

RFID Helps Tampa Bay Lightning Drive Fan Loyalty and Ticket Sales

Ncr logo 140pxNCR has announced the successful integration of RFID technology with its Quest Venue Management software solution and the Lightning’s hockey jerseys, helping drive sales and loyalty at games.

Full season ticket members are rewarded with the exclusive jersey, enabling them to get discounts on food, beverages and retail items when wearing the jersey at home games. Discounts are delivered when the RF chip, embedded into the sleeve of the jersey, is scanned with the RF reader at checkout at a concession stand or in the retail store. Since implementing the program the Lightning have seen a significant increase in demand for full season tickets and a sea of blue jerseys in the stands at home games.
NCR worked with Tampa Bay Lightning to roll out the program, which required installation of 10,000 RF chips into exclusive season ticket holder jerseys and the integration of approximately 250 RF readers into the Quest terminals throughout the arena.

Acculynk Forms International Internet PIN Acceptance Consortium

Acculynk logo 140pxAcculynk, along with several eCommerce merchants, has announced the formation of the International Internet PIN Acceptance Consortium.

“Having this type of Consortium is important to the airline industry. PaySecure’s innovative solution for facilitating internet PIN debit acceptance in the US, offers a simple, cost-effective model that can readily be established as a standard for international e-commerce,” said Frank DiNuzzo, Managing Director, Market Performance of American Airlines. “We need to ensure, as a collective body, that we establish mutually beneficial processes that facilitate the growth in international e-commerce by offering consumers easy, secure options for internet PIN debit.”

Seamless Launches QR-based Mobile Payments Alternative

Seqr logo 140pxSeamless, a Swedish startup, has announced the launch of a new mobile payment solution called 'SEQR'.

The new solution will enable customers to use smart phones rather than credit or debit cards to make payments. By using a mobile phone to scan a QR code at the cash register, the customer can authorise that the payment is drawn from their bank account or credit provider. The Seamless solution – for which patent is currently pending in a total of 41 different criteria – makes it possible for retailers to avoid the high fees charged by credit card companies.

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