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July 25, 2012

Visa Reports Fiscal 3Q 2012 Results

Visa logo 60pxhVisa has announced financial results for the Company's fiscal 3Q 2012 which ended June 30, 2012. Highlights include:
  • Payments volume growth, on a constant dollar basis, for the three months ended June 30, 2012, was a positive 6% over the prior year at $979 billion.

  • Cross-border volume growth, on a constant dollar basis, was a positive 14% for the three months ended June 30, 2012.

  • Total processed transactions, which represent transactions processed by VisaNet, for the three months ended June 30, 2012, were 13.1 billion, a positive 1% increase over the prior year.

A webcast replay is available on the Visa investor website.

payvia Launches Bill-to-Carrier Mobile Payments Service

Payvia logo 140x60px payvia announced the launch of its next generation mobile payments platform and latest direct carrier billing agreements with Sprint and T-Mobile USA.
"We are excited to unveil our new mobile payments solution delivering a convenient payment option that complements merchant checkouts to reduce abandoned transactions, increase conversions and deliver more paying customers," said Darcy Wedd, President of payvia. "As we round out our remaining carrier partnerships, we are proud to announce our latest direct billing agreements with Sprint and T-Mobile USA."

Website is at TechCrunch has a nice background story on the company.

Discover Expands Rewards Redemption Options for Online Purchases

Discover logo 140pxDiscover has announced it has joined together with RewardsPay, Inc. a consumer payment service, to provide cardmembers the ability to use Cashback Bonus to make online purchases for Apple iTunes, Facebook codes and at Disney’s Club Penguin.
“Giving Discover cardmembers the ability to pay for purchases directly with their Cashback Bonus is a simple, straightforward way for us to enhance their redemption experience,” said Dana Traci, vice president of rewards at Discover. “As we have seen with our successful Amazon partnership, where Discover cardmembers can pay with Cashback Bonus at point-of-sale on, consumers appreciate the ability to spend their Cashback Bonus on items they want at any time, offering them even greater control of how they choose to use their rewards.”

July 23, 2012

Onebip Launches One-Click Mobile Purchasing For Frictionless Mobile Commerce

Onebip logo 140x60pxOnebip has announced a single-click purchase feature for its mobile payment solution, Onebip Mobile Browser.
Onebip uses an encrypted identification process to immediately recognize the user’s phone number, which provides a secure, automatic authentication so that the user does not have to input any credentials such as a password or PIN. The user only needs to click once on the Onebip icon to confirm their transaction: no further actions are needed. The purchase is then charged directly to the user’s mobile phone bill, meaning that even consumers without a credit card can use their phones to browse and buy.

Onebip is compatible for use with both pre-paid and post-paid mobile contracts.

Plastic Jungle, InComm, and Zeevax Announce Partnership

PlasticJungle logo 140pxPlastic Jungle, InComm, and Zeevex announced a strategic partnership that will allow consumers to exchange gift cards for Zeevex shopping power.
"We are constantly looking for new ways to create more choice and flexibility for our consumers, and this partnership will make it easy for users to turn retail gift cards into limitless purchasing power for online games and more," said Bruce Bower, CEO of Plastic Jungle. "This partnership will also help online gaming and digital content publishers capture value from the more than $100 billion gift card industry."

Visa to Showcase Payments Innovations at the London 2012 Games

Visa logo 60pxh Visa has announced that during the London 2012 Games it will showcase its latest payment innovations in mobile payments, contactless payments, and mobile prepaid.
“Electronic payments play a crucial role in facilitating tourism and meeting the needs of consumers on the go during a world sporting event such as the Olympic Games, making this an unique opportunity to showcase how technology is changing the way people shop, pay and get paid around the world,” said Jim McCarthy, Head of Products at Visa Inc. “This summer we will be demonstrating the future of payments in London – a future where most consumers will rely on mobile devices, tablets and PCs to manage their daily financial lives.”

Bank of America Begins Rollout of Chip Credit Cards to Consumers

BankofAmerica logo 140pxBank of America announced that it is rolling out chip technology (EMV) on many of its consumer credit cards.
The bank will include the chip technology in all newly issued Merrill Lynch credit cards, U.S. Trust Accolades, BankAmericard Travel Rewards, BankAmericard Privileges, and Virgin Atlantic travel credit cards. The bank also will upgrade existing customers in these card programs who have been identified as international travelers.

The bank’s new chip-enabled credit cards will continue to prompt customers to sign for transactions just as they would today. The cards also include the traditional magnetic stripe, which is used by U.S. merchants.


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