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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.”

GlobalCollect Offers BOKU as Mobile Payment Checkout to its Merchant Network

Globalcollect logo 140x60pxBOKU and GlobalCollect announced GlobalCollect has selected BOKU as its global mobile payments partner. The partnership integrates BOKU’s payments platform into GlobalCollect’s international payment network, allowing online merchants to accept mobile payments at checkout.
“At GlobalCollect, we provide our merchants with the best fitting online payment methods available for their business," said John Snoek, Global VP Marketing. “BOKU’s mobile payment platform is trusted and available in more countries than any other mobile payment option. Next to that BOKU brings unrivalled experience on the mobile payment process to the table. It was clearly the best option for our merchants, who now through the partnership can substantially increase checkout conversion, reduce cost and accelerate time to market of mobile payments."

June 13, 2012

Burger King Teams with Firethorn Mobile for Mobile Payments Pilot

Firethorn logo 140x60pxFirethorn Mobile, a wholly-owned subsidiary of Qualcomm, and Burger King announced the launch of the BK Mobile Crown Card pilot program. The pilot is taking place in approximately 50 BURGER KING restaurants in Salt Lake City, Utah and surrounding metropolitan areas.
"We are pleased to collaborate with BURGER KING on this new program because it frees BK restaurant customers of the burden of carrying plastic," said Rocco Fabiano, president for Firethorn Mobile. "This unique solution works on any Android or iOS phone and does not require new hardware investments in order to deliver this experience to restaurant guests. Firethorn continues to be focused on mobile commerce and the creation of solutions that enable consumers to gain greater utility from their ever-present mobile devices."

The BK Mobile Crown Card app, which is aptly named BK, is powered by Firethorn Mobile payments service and can be found in the App Store and Google Play.

Samsung Mobile Puts All the Pieces in Place to Bring NFC to the Masses

Samsung logo 140x60pxSamsung Mobile has announced Samsung TecTiles and the TecTile programming application.
Samsung TecTiles will transform how businesses large and small engage with consumers. On premise, TecTiles enable consumers to check-in on Facebook or foursquare, connect to Wi-Fi or download content. Off-premise, businesses can use TecTiles as a way to market to and engage with consumers by enabling reward programs and to download discount offers or content.

June 12, 2012

Lemon Raises $8M in Series A Investment, Launches Smarter Wallet

Lemon logo 140x60pxMobile money management app provider Lemon, announced it has secured $8 million in Series A capital investment to fuel the launch and future expansion of its new Smarter Wallet, a new twist on the traditional wallet concept.
“This initial funding and the launch of the Smarter Wallet are major milestones in furthering our vision for Lemon as a trusted mobile money management solution,” said Lemon Founder and CEO Wences Casares. “This powerful new wallet framework, combined with our transaction management tools, empower users to take total control over their finances with a fresh new perspective.”

To get started, users get their wallet and use any smartphone to snap a photo of each item -- including debit, credit, loyalty and healthcare cards, ID cards, as well as receipts, tickets and coupons. Once saved to their Lemon account, the data is accessible from anywhere using a unique four-digit PIN, which secures the data against hackers and thieves, if the mobile device is ever lost or stolen.

Reaction to Apple Passbook Announcement

Apple logo 140pxThere were a number of interesting reactions to yesterday's Passbook announcement from Apple. Glenbrook's own Scott Loftesness posted his take on the announcement over on Payments News. Jim Bruene, the creator of Finovate, took a look at Apple's new mobile wallet and wondered if Passbook is friend or foe of the banking industry?

USAID & Citi to Accelerate Mobile Money Adoption

Citi logo 140pxThe U.S. Agency for International Development (USAID) and Citi have announced a global partnership to broaden financial inclusion by fostering the rapid adoption of “mobile money” technology in developing countries.
“Mobile money is a game-changing endeavor with the potential to improve lives, create jobs, catalyze new enterprises and expand financial inclusion, particularly in the emerging markets that are critical to the growth of the global economy,” said Citi CEO Vikram Pandit.

TIO Launches Mobile App to Pay Multiple Bills via Payment Cards

Tio logo 140x60pxTIO Networks announced the launch of TIO MobilePay, the new mobile app that allows Americans to pay multiple bills via VISA or MasterCard branded payment cards in real time. iPhone, iPad and Android users can choose to pay more than 6,000 billers via, credit or debit card with the option of same day processing.
“The demand for mobile bill payment is rapidly increasing as is the need to pay multiple bills in one place from any bank,” said Hamed Shahbazi, Chairman and CEO of TIO Networks. “Paying bills by credit card is also attractive to both reward seekers and consumers who need that bridge in between pay checks.”

June 11, 2012

Apple Previews Passbook App in iOS 6

Apple logo 140pxApple today announced key features of iOS 6, including an wallet-like app called "Passbook" that will be used to hold "boarding passes, movie tickets, retail coupons, loyalty cards, and more", all things that it refers to as "passes".

Quick summary of key features: The app uses 2D barcode technology to present passes to the merchant, merchants can update things like "available balance" and " current points" in the background, and geolocation technology is used for relevancy within the Passbook app.

Apple demonstrated how the available balanced on your Starbucks card would be updated automatically within Passbook upon completion of a purchase. In related news, Apple also announced they now have over 400 million cards on file in iTunes.

NCR Mobile Cash Withdrawal at ATMs

Ncr logo 140pxNCR has announced that it will provide new software that will allow consumers to initiate cash withdrawals from their bank accounts on mobile devices and then complete those transactions at an ATM by scanning a 2D barcode.
NCR Mobile Cash Withdrawal will make ATM transactions faster and more secure by removing cards and PINs from the process at the ATM. The entire transaction, while the consumer is in front of the ATM, can take less than 10 seconds.

This video at the NCR website pretty much explains how it would work. NCR is looking for beta partners.

Strategic Review of Innovation in the Payments System

Reserve bank australiaThe Reserve Bank of Australia has released the conclusions of its Strategic Review of Innovation in the Payments System. The Review was announced in May 2010, with the aim of identifying areas in which innovation in the Australian payments system may be improved through more effective cooperation between stakeholders and regulators.
A key objective is the establishment of a system that would provide real-time retail payments, with real-time funds availability, by the end of 2016. This type of system has been a focus of innovation in a number of other countries.

First Data Releases May 2012 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of May 2012 compared to May 2011.
May's same-store dollar volume growth increased 7.0% year-over-year, up from April’s growth of 5.7%. Although consumers continued to spend at a healthy clip early in the month, activity did slow as the month progressed. Transaction growth in May held fairly steady at 5.9%.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

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