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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 www.ncrsilver.com. 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 paysafecard.com Wertkarten AG

Skrill logo 140x60px Skrill, formerly Moneybookers, has announced it is acquiring paysafecard.com 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

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