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June 28, 2012

NCR Silver: New Cloud-based POS Solutions for iDevices

Ncr logo 140pxNCR has announced 'NCR Silver', its new cloud-based point-of-sale (POS) software solution that enables small business owners and entrepreneurs to take payments and manage their business with one POS solution.
“NCR Silver takes the best of big-business technology and brings it to small business in an affordable package that’s easy to use; enabling them to focus all of their attention on running their business, not their technology,” said Christian Nahas, NCR vice president of small business. “NCR Silver comes complete with customer service only an established company like NCR can provide, delivering accessible, affordable, cloud-based technology to small business people who make up the backbone of our economy. NCR Silver is much more than a simple credit card payments swipe, it enables business owners do the things they need to succeed.”

More info, photos, and video demos are available at NCR Silver is available now in Apple App Store.

Discounts and Surcharges: Implications for Consumer Payment Choice

Kansas city fed logo 140x60pxThe Federal Reserve Bank of Kansas City's Payments System Research Department has recently published a Research Brief by Fumiko Hayashi entitled "Discounts and Surcharges: Implications for Consumer Payment Choice".
This article reviews the current landscape for payment discounts and surcharges, considers whether they influence consumer payment choice, and offers several policy responses.

Placecast Launches White-label HTML5 Mobile Wallet

Placecast logo 140x60pxPlacecast has announced the 'ShopAlerts Mobile Wallet' -- a new HTML5 mobile wallet that combines location-based marketing and payments.
“The future of commerce is being dramatically transformed by smartphones, putting consumers in control,” says Placecast CEO Alistair Goodman. “Consumers like convenience, to save money and to be rewarded for their business. Leveraging the industry’s most robust mobile offers platform, the ShopAlerts Wallet delivers on this promise today. Over the last three years major brands, mobile operators and payments companies have seen incredible results from our location-based offers programs. We expect to see even more exciting avenues for monetization emerge as more people open up their mobile wallet.”

The company claims the ShopAlerts Wallet "plugs into any payment processor, supporting plastic credit cards, NFC and carrier billing" and is available for white-label distribution through card companies and mobile operators. Their website is here.

AmEx Launches PAYVE to Streamline Corporate Payment Processes

Amex logo 140pxAmerican Express recently announced the launch of PAYVE, a new payment service that enables large and mid-size companies to centralize the processing of multiple payment methods through a single electronic platform.
“Clients are increasingly asking us to help solve more of their payments challenges. They want to focus less on operations and more on extracting financial value from their payments. With PAYVE, we can help them do that,” said Andrew Jamison, Vice President, Global Corporate Payments, American Express. “Supported by American Express’s world-class customer service, proven payments expertise, and in-house supplier enablement team, PAYVE will help companies streamline payments processes and better manage cash flow.”

Payment methods include check, ACH, international wire and American Express’s web-based payment solution, Buyer Initiated Payments (BIP).

Skrill Acquires Wertkarten AG

Skrill logo 140x60px Skrill, formerly Moneybookers, has announced it is acquiring Wertkarten AG, an Austrian of prepaid vouchers that enable consumers to shop online.
"We are very happy to have come to an agreement to acquire paysafecard. This acquisition will add significant scale to the Skrill Group in terms of payment volume, customers and merchants and will increase our overall market share." said Skrill CEO, Siegfried Heimgaertner. "The combined entity will offer a unique proposition in the payments market combining our leading digital wallet with the sophisticated POS and cash network of paysafecard. It enhances our product portfolio significantly, offering payment and money transfer options for both on and off-line channels.”

June 27, 2012

New Visa Service Streamlines Small Business Expense Management

Visa logo 60pxh Visa announced 'Visa Payment Controls', an online platform designed to enable small business owners to effectively manage how, when and where transactions and payments are made on employees’ business cards.
“Today, many small businesses use cash or checks for everyday work related expenses, which requires employees to submit individual receipts and detailed reports for reimbursement,” said Janet Zablock, head of global small business at Visa Inc. “This manual process makes tracking and managing expenses for both the employee and the employer a cumbersome and time-consuming task. With Visa Payment Controls, business owners can ease the process by replacing inefficient and costly cash and check systems with secure, reliable and convenient employee cards and automatically take greater control over employee spending.”

MasterCard Teams With shopkick to Reward Consumers With Linked Offers

MasterCard logo 140px MasterCard announced a partnership the shopkick that offers cardholders the the ability to earn kicks, a proprietary reward currency, when they link their card to shopkick’s Buy & Collect program and make qualifying purchases.
“Our partnership with shopkick helps us continue to meet our cardholders’ demand for great deals and a more ‘rewarding’ shopping experience,” said Mario Shiliashki, group head, Emerging Payments, MasterCard. “We’ll be able to help consumers maximize rewards while also supporting their interests and passions, all through the simple download of the app and linking their MasterCard card. At the same time, our merchant partners will benefit from a deeper engagement with their customers.”

kicks can be redeemed for gift cards, music downloads, movie tickets or other offers.

Chase Paymentech Launches New 'Future Proof' Payment Terminal

ChasePaymentech logo 140px Chase Paymentech announced its new 'Future Proof' terminal that allows merchants to accept current and quickly emerging forms of customer payments all in one streamlined device –– EMV chip cards, phone-based mobile wallets, contactless, and magnetic stripe cards.
“As emerging payment options gain adoption in the U.S., merchants are looking to make the customer check-out process as easy and safe as possible,” said Mike Duffy, president of Chase Paymentech. “The Future Proof terminal is a one-stop solution for merchants to keep accepting today’s forms of payment and prepare for new consumer payment preferences on the horizon.”

CorFire and Payfone to Deliver Frictionless Mobile Commerce to Merchants

CorFire logo 05 13 11CorFire and Payfone have announced plans to integrate CorFire’s mobile wallet application, CorPay with Payfone’s remote mobile commerce solution.
“By integrating Payfone’s technology with CorFire’s mobile offerings, we streamline mobile commerce for the retailer and provide a secure channel for consumers to fully leverage mobile,” said Jon Squire, CMO of CorFire. “The process eliminates lengthy account entry and ensures the legitimate end-user is in possession of the phone where the merchant m-commerce app is installed.”

June 26, 2012

June 25, 2012

June 21, 2012

Digital River Offers Global Cloud-Based Subscription Billing

Digital river world payments logo 140pxDigital River announced that it enhanced its Digital River World Payments solution to include cloud-based subscription billing.
“More merchants are seeking end-to-end subscriptions solutions to meet the complex billing expectations of today’s connected consumers,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “The addition of our cloud-based subscription solution further strengthens our support of merchants throughout the entire payment and subscription lifecycle. We can now act as the single partner merchants rely on for payment-related services to help them drive continued recurring revenue growth across global markets.”

June 20, 2012

Microsoft Announces Windows Phone 8 With NFC Mobile Wallet

Microsoft logo 140x60px Microsoft used its Windows Phone Developer Summit to announce Windows Phone 8, which the company said would include NFC "Tap to Pay' support and a native wallet for payment cards, loyalty and membership cards and offers.

AllThingsD is doing a good job live blogging the announcement, including Microsoft's comments on Windows Phone 8 positioning relative to existing mobile wallet strategies.

Crowdfunding Startup Chooses WePay's Marketplace API to Power Payments

Wepay logo 143px WePay has announced a partnership with to power payments for the company's crowdfunding platform. The WePay API enables companies like Fundable to allow their users to start accepting payments instantly, without requiring users to have a pre-existing merchant account.
"As crowdfunding evolves into a legitimate source of funding for small businesses, the technologies used to facilitate transactions must keep the pace," said Bill Clerico, CEO of WePay. "WePay's payment API is uniquely designed to provide the ease-of-use, compliance, and flexibility to support the rapidly growing demand for crowdsourced payments."

The Marketplace API provides Fundable with a fully compliant payment solution, without compromising the platform's user experience.

June 19, 2012

Facebook Transitions 'Credits' to Currency

Facebook logo 140pxFacebook announced on their developers blog that they plan to add support for subscription billing and local currency pricing.
Since we introduced Credits in 2009, most games on Facebook have implemented their own virtual currencies, reducing the need for a platform-wide virtual currency. As a result, we are updating our payments product to support pricing in local currency (ex: US dollar, British pound and Japanese yen) instead of Credits.

Subscription billing will use the traditional 30-70 rev share split.

Square Introduces New Loyalty Features

Square logo 140px Square has announced the launch of new loyalty features for Square Register and Pay with Square that further deepen the relationship between buyers and sellers.
Since Square Register's launch in March, Square Register users are five times more active on a weekly basis than Square Card Reader users and they process approximately 2x more revenue. Square's latest offering will allow participating merchants to give regular customers VIP treatment starting with the first visit. Customers will be able to store cards from their favorite Square businesses and keep track of progress towards rewards.

Fiserv Taps Into Tryvertising Trend to Drive E-Bill Adoption

Fiserv logo 60pxh Fiserv announced the launch of 'E-bill Introduction', a new feature within the CheckFree® RXP payment suite.
E-bill Introduction offers consumers an opportunity to receive electronic bills (e-bills) via their online banking service for an introductory period during which they also continue to receive paper bills in the mail. Pilots of the feature conducted with five financial institutions delivered solid results, with consumers enrolled in the pilot activating three times more e-bills than consumers who were not enrolled.

Report Says 1.5% of Airline Online Booking Revenue Lost to Fraud

Worldpay logo 140px A global 'Perfect Passenger Payment' insights report, commissioned by WorldPay, finds that 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions. 29% of airlines reported that incidents of fraud have risen in the past year.
The good news for airlines is that customers are happy to accept a robust screening process when buying tickets online. 71% of consumers would prefer a slower payment process with more rigorous security checks than a faster process with fewer checks.

Discover Reports Financial Results for 2Q2012

Discover logo 140pxDiscover Financial Services has reported financial results for the second quarter 2012. The company said Discover card sales volume grew 5% from the prior year to $26.1 billion. Credit card loans ended the quarter at $46.6 billion, up 4%, or $1.6 billion, from the prior year. Credit card loan delinquencies and net charge-offs reached historic lows with a delinquency rate for loans over 30 days past due of 1.91% and a net charge-off rate of 2.79%.

Western Union Launches Bill Presentment Solution for Smartphones

WesternUnion logo 140pxWestern Union announced the release of an enhancement to its Western Union Speedpay service designed to help billers meet growing consumer demand to receive electronic bills through smartphones and mobile devices.
“Our Western Union Payments Money Mindset Index shows that consumers, whose use of mobile devices is outpacing all other media, are looking for a wider range of payment options from billers,” David Shapiro, senior vice president, Payments, Western Union, said. “Western Union is dedicated to providing billers with robust bill pay solutions, while giving consumers a variety of user-friendly options to receive and pay their bills.”

The enhancement was developed with eBill presentment specialist, Striata, and operates across multiple platforms and devices, including Android, Blackberry, iPhone, iPad.

June 18, 2012

First Data Expands OfferWise Network

First data logo 140x60pxFirst Data announced the extension of the First Data OfferWise solution to all offer publishers and the first 500,000 of more than four million U.S. merchant locations.
“OfferWise is a technology infrastructure solution that is setting the redemption standard in the industry and one of the unique ways that First Data continues to innovate and deliver a truly universal commerce experience,” said Mark Herrington, executive vice president of Global Product Management and Innovation, First Data. “We’re gaining great momentum with OfferWise as publishers and merchants continue to realize how the platform not only eases offer redemption at the POS, but helps build loyal and profitable customer relationships through insightful data analytics built into the solution.”

Participating publishers and developers include Boutiika, Cardify, Choicepass, FanPlayr, Giftly, ifeelgoods, Key Ring, Local Bonus, Mirth, ParkMe, Place Points, Roximity, Savored, Scout Mob, Tello and Toodalu.

MasterCard Joins $31.4 Million Funding Round for iZettle

Izettle logo 60x60ps iZettle announced it has completed a $31.4 million Series B round of funding led by Greylock Partners and Northzone, with participation from MasterCard, SEB Private Equity, and Series A investors Index Ventures and Creandum.
“iZettle is the first and only company to develop an affordable chip-card reader and app for smartphone-based mobile commerce that meets all of the rigorous international security requirements,” said Laurel Bowden, Greylock’s partner in London who is joining iZettle’s board of directors. “They’ve proved they’re ready to step up their game in this very complex and competitive industry.”

ACI Worldwide Partners With Bell ID on ACI Token Manager for Mobile

Aci worldwide logo 140x60pxACI Worldwide announced that it has expanded its partnership with Bell ID, a leader in the field of smart card and token management solutions, to deliver issuance and management of mobile NFC payment tokens for devices equipped with contactless technology, using ACI Token Manager for Mobile.
"For the consumer, mobile NFC payments are seamless and rarely noticed," said Craig Saks, vice president, Global Product Business Operations, ACI Worldwide. "The infrastructure behind the scenes however is very complex. Due to the increasing importance of mobile payments there is no room for complacency. Mobile payment projects require flexible and dependable solutions that keep them on track. By partnering with Bell ID we are providing a proven, scalable and reliable solution which will help deliver the convenience of contactless and mobile payments with confidence."

June 14, 2012

ProPay Partners with Payvision to Expand Global Payment Capabilities

ProPay logo 140pxProPay announced that it has partnered with Payvision to expand its payment processing capabilities. Through the partnership with Payvision, ProPay customers have a single source provider they can rely on for their global payment needs.
“ProPay has a long history of providing innovative payment solutions to the payment industry,” said Greg Pesci, ProPay’s President and Chief Operating Officer. “The expansion of ProPay’s payment capabilities through our partnership with Payvision further demonstrates ProPay’s commitment to provide simple, secure and affordable payment solutions on a global scale. We can offer our customers Domestic Global Acquiring in virtually any currency now.”


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