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« November 6, 2011 - November 12, 2011 | Main | November 20, 2011 - November 26, 2011 »

November 17, 2011

ShopSavvy Adds One-Tap Purchasing at Thousands of Retailers Nationwide

Shopsavvy logo 60pxShopSavvy has announced the release of its latest version, ShopSavvy 5, which includes supports one-tap purchasing, enhanced search, improved comparison shopping, and more local deals.
ShopSavvy has expanded its recently introduced one-tap shopping feature to enable in-app purchasing from a wide range of retailer websites, including Walmart.com, Target.com, BestBuy.com and BN.com. With one-tap shopping, ShopSavvy users who scan an item in a store and see a better deal online can purchase it immediately without ever leaving ShopSavvy. All it takes is the one-time entry of payment information in ShopSavvy's convenient mobile wallet.

November 16, 2011

Salvation Army Red Kettles to Accept Credit Card Payments via Square

Square logo 140pxThe Salvation Army has announced that "it will accept credit-card donations via on-site smartphones equipped with Square credit card readers at its Red Kettles in select cities this Christmas. The readers, provided by the San Francisco based company Square, Inc., will make donating to The Salvation Army easier and faster than ever before. The devices will be used by Salvation Army bell ringers on smartphones donated by Sprint in select markets, including San Francisco, Chicago, Dallas and New York, to allow donors who don’t carry cash to give via credit card."

NFC Advances as 45 Operators Pledge Support for SIM-based Solution

Bm contactlessThe GSMA has announced that "45 of the world’s leading mobile operators have committed to support and implement SIM-based Near Field Communications (NFC) solutions and services. These operators include China Mobile and China Unicom, which account for nearly 800 million connections throughout China. As an important catalyst in accelerating the adoption of NFC services, the GSMA has published a new set of industry specifications. These handset and SIM specifications will enable the development and global deployment of secure, interoperable and ubiquitous SIM-based mobile NFC services."

Google Checkout is Transitioning to Google Wallet

Google logo 140pxGoogle has announced on their blog that they are merging their two wallets (Google Checkout online and Google Wallet in phone) into a single wallet that can be used online from your computer and used in-store with your phone.

Visa Digital Wallet To Be Named "V.me"

V me logo 140x60pxVisa has told AllThingsD that it will use V.me as the go-to-market brand for its new Visa Digital Wallet. The company had said earlier that the online wallet would have its own acceptance mark that differentiates the new multi-card brand wallet from the traditional Visa acceptance mark.

In a related "development", Visa has also announced the launch of a new developer center (developer.visa.com) that brings together tools and resources for V.me, CyberSource, Authorize.net, PlaySpan, and Fundamo.

November 15, 2011

Square Adds Loyalty and Printed Receipts

Square logo 140pxSquare has rolled out an update to their various mobile apps that adds a loyalty capability for Square merchants, and the ability to generated printed receipts on the fly. A number of media outlets have the details – TechCrunch and GigaOM have good overviews. The Square site has the details.

Visa Europe Invests in Beyond Analysis to Strengthen Analytics Capabilities

Visa logo 60pxhVisa Europe announced that it has taken a minority stake in Beyond Analysis. "The investment will strengthen Visa Europe’s data analytics capabilities and forms part of its strategy to deliver increased value for consumers, retailers and banks through electronic payments."

Credit Card Delinquencies Increase, but Remain Near Record Low Levels

TransUnion logo 140pxTransUnion announced "the national credit card delinquency rate (the ratio of borrowers 90 or more days past due) increased in the third quarter for the first time since the fourth quarter of 2009, edging upward to 0.71%. Average credit card debt per borrower increased $63 in the quarter to $4,762, though it remains near record-low levels.

m-Via Launches Boom Mobile Money Service

Boom logo 140x60pxm-Via announced the launch of the Boom mobile money service. "Boom members can use their mobile phone to make money transfers of any size from $5 to $1000, as well as make purchases and withdrawals at participating Boom Merchants and Boom ATMs."
Boom launch partners include 7-Eleven(R) Inc. (powered by PayNearMe Inc.), the Allpoint(R) ATM Network, the Diconsa retail network in Mexico, and PayXchange. Through these partners, Boom Members have access to more than 15,000 U.S. cash load locations, 23,000 Boom merchants in Mexico, and over 150,000 Boom ATMs in the U.S. and Mexico, and another 650,000 ATMs in more than 150 countries.

Headline News - November 15, 2011

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

November 14, 2011

Intel and MasterCard to Enhance the Consumer Payment Experience

MasterCard logo 140pxIntel and MasterCard have announced a multi-year strategic collaboration to further enhance the security and consumer payment experience for online shopping.
“MasterCard is constantly working to improve the shopping experience for consumers and merchants,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “The collaboration with Intel will deliver enhanced security and faster checkout – with the convenience of a simple click or tap.”

VeriFone to Acquire Point to Build out Alternative Payments Infrastructure

Verifone logo 140pxVeriFone has announced it has signed a definitive agreement with Nordic Capital to acquire Point, Northern Europe’s largest provider of payment and gateway services and solutions for retailers. "VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the world’s largest infrastructure for rapid deployment of alternative payments."

SalesVu Closes Funding Round for Square-Like Cloud Payment App

Salesvu logo 60x60px SalesVu announced that it has closed $600 thousand in a recent round of angel investment funding.
The unique cloud-infrastructure behind the SalesVu application allows businesses to manage their entire sales process anywhere – update pricing, products, services, customer data, and automatically beam the changes to mobile devices in the field. Businesses can also monitor mobile transactions and spot sales trends by employee, product, or time of day, gathering significant marketing insight with SalesVu's reporting capabilities.
SalesVu also allows mobile workers to securely process credit card transactions on iPhones or iPads. The company sends a free card reader to businesses who choose to process credit cards directly from their mobile device.

First Data’s Global Privacy Policy Approved by European Regulators

First data logo 140x60pxFirst Data has announced that its binding corporate rules for data privacy have been authorized by the United Kingdom’s Information Commissioner’s Office, and are now approved by the data protection authorities in 18 European Union member states.
“Data privacy is fundamental to the success of our business, and we’re deeply committed to protecting the information entrusted to us by our clients and employees alike. We have high standards for data privacy, and this recognition from exacting European regulators demonstrates our global leadership in data protection compliance,” said First Data Chief Executive Officer Jonathan J. Judge.
First Data is the first payment processor to be authorized by the Information Commissioner’s Office.

Clear2Pay Acquires Level Four Ltd for ATM Test Automation

Clear2pay logo 140x60px Clear2Pay announced that it has signed an agreement to acquire Level Four Software Holdings Ltd., a UK headquartered company providing development and test automation solutions for all types of ATM networks, enabling banks and processors.

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