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« May 6, 2012 - May 12, 2012 | Main | May 20, 2012 - May 26, 2012 »

May 17, 2012

MasterCard, C-SAM Partner on Wallet for Asia Pacific, Middle East and Africa

MasterCard logo 140pxC-SAM and MasterCard have announced a joint initiative to offer a white-label mobile wallet solution based on C-SAM’s flexible Mobile Transaction Platform (MTP) integrated with MasterCard’s pre-paid platform, offers, PayPass Wallet Services and rich informational services.
“Our partnership with C-SAM offers telcos in the region a NFC solution that comes pre-packaged with prepaid instance issuance, TSM integration and coupon redemption at the point of sale and offers a path to a truly multichannel payment wallet through PayPass Wallet Services,” said Raj Dhamodharan, Regional Head of Mobile and Ecommerce for Asia Pacific, Middle East & Africa for MasterCard.

Survey Says Millennials Use Alternative Financial Services Regardless of Income Level

Survey graphic 140pxA study released by Think Finance surveyed 640 Millennials who have used some type of alternative financial services product within the last year and earn less than $75,000 in annual income.
A new survey of underbanked Millennials – 18-34 year olds who supplement their bank accounts with alternative financial services such as prepaid debit cards or check cashing – challenges the stereotype of alternative financial service users as the poorest members of society who are forced to turn to alternative products. The survey found that underbanked Millennials with mid – high levels of income are using alternative financial services at rates similar to, and in some cases higher than, their lower-income peers.

Lots of interesting numbers.

May 16, 2012

Jumio Releases Card Capture Scanning SDK for Mobile Apps

Jumio logo 140x60Jumio has announced the release of its Mobile Software Development Kit (SDK).
The Netswipe Mobile Software Development Kit (SDK) is a fast and easy way to implement reliable credit card capturing into mobile apps. There is no need for extra hardware, and it is available for iOS. Android will follow soon.

Jumio also announced they are giving away $5 Million worth of scanning fees to support young Start-ups and the developer community.

Cardlytics Brings Transaction-Driven Marketing to Credit Card Portfolios

Cardlytics logo 140pxCardlytics has announced the release of “Cardlytics for Credit,” an integrated suite of technology and services that enable financial institutions to effectively leverage transaction marketing to strengthen relationships with their credit card customers.
“Until now, the broad category of ‘merchant-funded rewards’ for credit cards has simply not produced meaningful results for retailers or banks,” said Scott Grimes, CEO of Cardlytics. “Because of our reach into 70 million households’ checking accounts and their associated high transaction debit card volume and frequent online access, we are well positioned to now leverage our massive scale in checking/debit to bring rich content to credit.”

Digital River to Provide Developers with Access to Cloud Commerce APIs

Digital river world payments logo 140pxDigital River has announced 'Digital River Connect' to provides developers with access to its Global Commerce and Commerce Express application programming interfaces (APIs) and enables commerce-as-a-service (CaaS).
“An open and accessible API is a critical component of today’s digital ecosystems,” said James Gagliardi, Digital River’s vice president of product and innovation. “We’ve designed the Digital River Connect technology from the ground up to set the standard in this area. It combines the power and capabilities of our enterprise-level solutions with a new, easy-to-use interface that lets developers become productive quickly – fostering a rapid onboarding process with an integrated test console that lets developers learn about our APIs and start using them in a single, seamless experience.”

TSYS Unveils Its Agenda for Connected Mobility

Tsys logo 140pxTSYS announced its agenda for connected mobility to support commerce for digitally active consumers — those accustomed to navigating their daily lives with smart phones, tablets, game systems, electronic readers and computers.
“Two years ago the devices of choice were smart phones; now they are tablets. Regardless of the devices used tomorrow, our focus on people-centered payments paves the way for this agenda, with functionality to support mobility, applications and commerce across any device,” said Paul Bridgewater, group executive of Global Product, TSYS. “Today’s consumers prefer trusted alternative channels for increased mobility to facilitate online business and commerce — and they expect security, reliability and a seamless purchase experience that is simple and intuitive. This agenda truly puts people at the center of payments.”

May 15, 2012

Isis Names Participating Merchant for Mobile POS Wallet Trials

Isis logo 140x60pxIsis has announced the first of its merchant partners to participate in its Austin, Texas and Salt Lake City, Utah market trial.
“Today’s announcement signals the mobile commerce experience has arrived. A strong merchant base in Austin and Salt Lake City will make the Isis Mobile Wallet real for consumers as they choose to use their mobile wallet at many of their favorite merchant locations to pay and redeem offers,” said Jim Stapleton, chief sales officer, Isis. “We look forward to working closely with both local and national merchants to enable a mobile commerce experience that transforms how consumers shop and interact with their favorite brands.”

In addition to naming local merchants, Isis also indicated that Aéropostale, The Coca-Cola Company, Champs Sports, Dillard’s, Foot Locker, Jamba Juice, and Macy’s would participate in the market trial as national merchants.

CIBC and Rogers To Launch Mobile POS Wallet in Canada

CIBC logoCIBC and Rogers Communications have announced an agreement to launch Canada's "first' joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the checkout counter using their Rogers NFC-enabled smartphone.
"Canadians are embracing new technologies at an accelerated pace and we know they're interested in using their smartphone for mobile payments," said Rob Bruce, President of Communications, Rogers Communications. "We've been laying the foundation for mobile commerce and the ecosystem is ready to give Canadians the convenience, security, and peace of mind they deserve," said Bruce. "Today's announcement with CIBC represents an important first step toward a whole new world of mobile transactions which is a key growth area for the company."

AmEx Recommends Offers to Cardmembers Based on Their “Spend Graph”

Amex logo 140pxAmerican Express has launched a mobile offer engine that recommends and ranks relevant merchant offers in real time for US Cardmembers based on their spending history and location – a Cardmember’s “spend graph.”
“In an increasingly crowded marketplace, where consumers are bombarded with daily deals, we saw an opportunity to help our Cardmembers save time as well as money by curating meaningful offers for them,” said Josh Silverman, president of the U.S. Consumer Services Group at American Express. “At the same time, we can help our merchant partners build their business by helping them reach the right Cardmembers with the right offers at the right time. We developed our mobile offer engine with three key points of differentiation in mind: relevance, convenience and value.”

May 14, 2012

American Express to use Isis Mobile Wallet

Amex logo 140px American Express and Isis have announced an agreement to make American Express’ U.S. Consumer, OPEN Small Business and Serve Cards available in the Isis Mobile Wallet, starting in Salt Lake City, Utah and Austin, Texas later this year.
“Now our Cardmembers and merchants can benefit from the ease and convenience of a tap-and-go experience on a mobile phone and still enjoy the benefits, services and support of American Express,” said Josh Silverman, President, U.S. Consumer Services for American Express.

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