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« March 18, 2012 - March 24, 2012 | Main | April 1, 2012 - April 7, 2012 »

March 28, 2012

Obopay Launches Comprehensive Disbursement Solution

Obopay logo 140pxObopay has announced the availability of 'Obopay Disbursements' which enables a company to disburse funds from their corporate account directly into a payees debit card account at another bank or to a branded prepaid card.
“Obopay offers the broadest range of disbursement and bulk payment solutions in the industry; enabling companies that need to issue high volumes of payments to disburse funds with speed, efficiency, security and scale,” said Obopay Vice President of Product Marketing David Schwartz. “Being a licensed money transmitter enables Obopay to make available to its partners unique services like instant disbursements. Instant disbursements allow our partners to take advantage of real-time interbank payments across payment networks, through our debit network connections. Our disbursement offering also takes advantage of our deep experience as a prepaid card program manager for leading brands.”

MasterCard Introduces New Tool to Predict eCommerce Fraud in Real Time

MasterCard logo 140pxMasterCard’s has announced a new tool called 'Expert Monitoring Fraud Scoring for Merchants' to help predict the potential for eCommerce fraud in real time.
“Fraudsters are becoming increasingly sophisticated in their approach, so online merchants must be even more vigilant in their efforts to protect the integrity of the online shopping experience for cardholders,” says Johan Gerber, Group Head, Global Network Products for MasterCard Worldwide. “Our new tool allows acquirers and their participating merchants to look at the potential for fraud in a transaction in real time, and integrate the data into any existing fraud detection solution. This helps increase accuracy in fraud detection, and helps to reduce the bottom-line impact of fraud.”

Headline News - March 28, 2012

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

March 27, 2012

BilltoMobile and Discover Partner for Mobile Payments

BilltoMobile logoBilltoMobile announced that it is entering into a marketing agreement with Discover which will enable the two companies to drive market-leading innovation and value in the rapidly-evolving digital goods, mCommerce, and mobile payments space.
The partnership with Discover is a significant milestone for BilltoMobile and validates its leadership position in the marketplace. Jim Greenwell, BilltoMobile's CEO commented, "This agreement with Discover enables BilltoMobile to better serve our consumers, merchants and carrier partners. Our product offering will expand as will the ability to serve marquee digital merchants."

March 26, 2012

Monitise to Acquire Clairmail for $173 Million

Monitise logo 140pxMonitise announced that it has entered into an agreement to acquire Clairmail for $173 million.
Currently, the combined businesses provide world-leading mobile money services to 13m registered end consumers via some of the world’s leading financial institutions such as the Royal Bank of Scotland Group, two of the largest card issuers in the US, Lloyds TSB, PNC Bank, U.S. Bank and Fifth Third Bank among others. Together the combined technology platforms process billions of transactions a year and over US$10bn of payments and transfers on a current weekly annualised basis.

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