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« June 10, 2012 - June 16, 2012 | Main | June 24, 2012 - June 30, 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 Fundable.com 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."

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