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« November 20, 2011 - November 26, 2011 | Main | December 4, 2011 - December 10, 2011 »

December 01, 2011

MasterCard and mFoundry Partner On Mobile Payments

MasterCard logo 140pxMasterCard and mFoundry have announced an international collaboration that will help banks and credit unions provide their customers with NFC-enabled mobile wallets. MasterCard also made an equity investment in mFoundry.
The collaboration and investment will combine MasterCard’s Tap & Go PayPass technology with mFoundry’s mobile financial services platform to make mobile contactless payments accessible to more consumers. Mobile PayPass, which uses Near Field Communication (NFC) technology, enables people to make fast, convenient and highly secure payments by simply tapping their NFC phone on any PayPass-enabled terminal at a merchant check-out.

mFoundry developed and manages Starbucks Card Mobile program, the most successful mobile payments program to date, currently used in more than 6,800 stores nationwide.

Digital River Launches Global, Cloud-Based Subscription Billing Service

Digital river world payments logo 140pxDigital River announced the launch of a cloud-based subscription billing and commerce service.
The offering, which is part of the Digital River Global Commerce enterprise solution, enables companies to sell their services and physical and digital products to online shoppers using fully customizable subscription models tailored to maximize revenue and customer satisfaction. Supported by a wide range of recurring billing terms and more than 20 global payment methods, companies can use the technology to automate the online sale of everything from access and membership fees to warranty periods, service contracts and physical product accessories.

Western Union Launches Prepaid Platform in Europe

WesternUnion logo 140pxWestern Union has announced today that it is extending its prepaid card platform to the United Kingdom with the launch of both the Western Union MasterCard® Gift Card and the Western Union GoCash Service. "The launch marks the first international extension of Western Union’s prepaid program outside of the United States with further expansion planned in coming months to Asia, Latin America and additional European countries."

Headline News - December 1, 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 30, 2011

PreCash Announces PreCash Secure Payment Services

PreCash logo 140px PreCash has announced the launch of PreCash Secure Payment Services.
With its Secure Payment Services, PreCash offers Money Service Businesses (MSBs) agent agreements that ensure compliance with applicable state and federal regulations and include risk management and settlement features. PreCash agents are able to sell, load or unload prepaid debit stored value products and can transmit money for the purpose of prepaid wireless refills and bill payment.

Recurly Launches Payment Gateway Designed For Subscription Billing

Recurly logo 200Recurly announced that "it has released a payment gateway designed specifically to handle the unique requirements of recurring billing. The Recurly payment gateway enables companies who provide services on a subscription basis, to benefit from subscriber renewal management capabilities as well as credit card error optimization achieved only by extremely expensive, custom-built systems in the past." Recurly is partnered with TSYS for this new service.

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.

November 28, 2011

Green Dot Bank

GreenDotLogoGreen Dot has announced that "its application to acquire Bonneville Bancorp ("Bonneville") and thereby become a bank holding company under the Bank Holding Company Act of 1956 has been approved by the Board of Governors of the Federal Reserve System. Today the Utah Department of Financial Institutions also approved Green Dot's acquisition of Bonneville."

Red Laser Mobile App Now Supports PayPal and Milo

PayPal logo 140pxPayPal has announced that eBay's Red Laser Mobile App now includes support for PayPal and Milo.
The new Red Laser app has integrated Milo for local inventory and PayPal’s Mobile Express checkout for payment. One of the first merchants to integrate this truly multi-channel experience is Toys R Us.

The focus on multi-channel retailing is a key part of PayPal's "Future of Shopping" vision.

American Express Announces 'Gift Chain' Rewards

Amex logo 140pxAmerican Express has announced The Gift Chain, "an innovative new program that presents a surprise gift to cardmembers each time they shop at participating online retailers and spend $25 or more (up to 10 gifts, while supplies last). The Gift Chain consists of hundreds of thousands of gifts, ranging from $500 American Express Gift Cards to one-year ShopRunner memberships to $5 statement credits, and more. Plus, some gifts are shareable with three Facebook friends."


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