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« February 20, 2011 - February 26, 2011 | Main | March 6, 2011 - March 12, 2011 »

March 03, 2011

Heartland Adds E-Check to Create Single Platform for Check Management

HeartlandPayments logo 140pxHeartland Payment Systems has announced that it has added Automated Clearing House (ACH) functionality to its Express Funds check management platform, which is powered by transmodus. "The consolidation of the ACH feature with Express Funds allows businesses to process all check transactions — paper, online and over-the-phone — from one location in a cost-effective way."

Galileo Unveils Cloud Computing for Payment Processing

Galileo logo 140pxGalileo Processing has announced a "new suite of solutions that enable payment card issuing banks and payment card program managers to leverage the power of cloud computing while ensuring they meet required levels of security, performance, availability and regulatory compliance."

Payments Views - Remote Ordering and Payment (ROAP)

GP Logo Horizontal 140pxOver on our sister blog, Payments Views, Glenbrook's Scott Loftesness talks about what he calls ROAP - Remote Ordering and Payment - and its impact on loyalty. "Over the last month or two, I’ve become strangely addicted to the Chipotle iPhone app. That’s the app that lets me order my lunchtime Chipotle salad in something like ten seconds flat."

Dwolla Adds Location-based Payment Technology

Dwolla logo 140pxDwolla, an emerging online, mobile and social payment platform, has announced the release of a location-based payment technology called Dwolla Spots.
To pay a merchant, a Dwolla user selects the new Spots tab from within Dwolla’s mobile application. Paying the merchant is as simple as finding the business on a location-based map and entering the transaction amount. The funds are sent to the business in real-time.

March 02, 2011

Mitek Unveils Mobile ACH Enrollment Solution

Mitek logo 140px Mitek Systems announced a new capability for mobile payments companies that want to quickly enroll checking accounts.
The Mitek Mobile ACH Enrollment™ solution allows mobile-payment companies to help consumers enroll their checking accounts as funding sources for mobile payments with a simple "Point, Shoot, Enrolled!" solution that requires only that consumers snap photos of blank checks with their smart phone cameras. Mitek's application captures all the information needed for enrolling their accounts.

Western Union Announces Mobile Foreign-Exchange Payment Service

WesternUnion logo 140pxWestern Union has announced the launch of a new foreign-exchange (FX) payment service that will enable small and medium-sized enterprise (SME) businesses to make payments from their mobile devices.
The new mobile service is designed for busy professionals and offers an intuitive interface for customers making international business payments. The service, which offers more than 140 currencies to choose from, allows users to make payments to suppliers in global markets anywhere, anytime, and lock in a currency-exchange rate and fee before transferring funds.

Apple Updates Payments Stats

Apple logo 140pxApple used today's iPad 2 announcement to update everybody on Apple payments stats.

Jobs stressed that while Apple may have three distinct online stores (iTunes, App Store, iBook Store) they all support purchase transactions against the same Apple Account. Each account (200 million now in total) has a credit card on file that can be used for 1-click purchases. Apple boasted that they now have the most credit cards on file anywhere on the Internet.

The company also revealed that it has paid $2 billion in cumulative payout to developers that sell through the Apple App Store.

March 01, 2011

Vindicia Launches CashBox StoreFront

Vindicia logo 140pxVindicia has announced the availability of its latest digital offering, Vindicia CashBox StoreFront.
The combination of Vindicia CashBox, the company's SaaS billing solution, and CashBox StoreFront provides digital merchants with a competitive edge in managing the full customer acquisition, management, billing and retention cycle.

Fiserv Acquires M-Com to Enhance Mobile Banking and Payments Capabilities

Fiserv logo 60pxhFiserv today announced that it has acquired Mobile Commerce Ltd. (M-Com), an "international mobile banking and payments provider, to enhance Fiserv’s existing mobile channel capabilities. The two companies have been partners since 2008, developing and delivering Mobile Money™ from Fiserv to hundreds of financial institutions. Financial terms of the acquisition were not disclosed."

February 28, 2011

Manilla Launches a Simple New Way to Organize All Household Accounts

Manilla logo 140pxManilla has announced "a new free personal account management service that helps consumers securely manage all of their household accounts including bills, finances, travel rewards programs and subscriptions in one place online. With a single sign-on, Manilla gives customers an automated, organized view of all their current account information, reminders to pay bills and free lifetime storage of all their account statements, notices, offers and bills."

The service is in beta now; Citibank and Comcast are both launch partners. Website is

State Employees' Credit Union (SECU) to Roll Debit Card Portfolio to EMV

Secu logo 140pxThe State Employees' Credit Union (SECU) of North Carolina is one of the first financial institutions in the US to announce it will add EMV (chip) technology to its debit card portfolio.
Leanne Phelps, Senior Vice President of SECU's Card Services department states, "SECU's goal is to provide products and services which offer enhanced value and protection. The EMV technology enables us to offer members increased fraud protection along with stress-free use of their card worldwide."
Oberthur Technologies will provide the non-profit cooperative with the technology needed for its EMV migration.

Cell Me the Money: Unlocking the Value in the Mobile Payment Ecosystem

Deloitte logo 140pxA new Deloitte Research study, Cell me the money: Unlocking the value in the mobile payment ecosystem, examines the challenges and benefits of mobile commerce in the United States.
The report is based on a survey of senior executives from the mobile payment value chain. Survey results shed light on the key barriers that have traditionally challenged the mobile payment market in the United States, including the lack of revenue-sharing agreements, a dearth of consumer knowledge, low levels of demand and competing platforms in a fragmented market.


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