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« August 19, 2012 - August 25, 2012 | Main | September 2, 2012 - September 8, 2012 »

August 30, 2012

NACHA Issues RFC on QR Encoding for Consumer Bill Pay

NACHA logo 140pxNACHA has issued a request for comment (RFC) on proposed guidelines for the use QR codes in a variety of bill payment scenarios.
“There has been growing interest in applying QR technology to transaction applications like bill payment to provide consumers with the opportunity to view statements, enroll for eBills, make payments, and set up payees in online banking applications,” said Eric Dunn, senior vice president, Strategic Payment Initiatives for Intuit. “As a member of the council, Intuit is pleased to work with NACHA and the CEBP membership on this particular initiative, as it has the industry representation of bill pay stakeholders and the forum needed to develop effective QR guidelines for bill pay.”

Comments are due by September 19, 2012. Issuance of the final guidelines are expected in Q42012.

Survey Says Self-Checkout is Faster and a Service Differentiator

Ncr logo 140pxNCR has released a new survey that says shoppers appreciate the speed and efficiency of self-checkout at the point of sale.
“Shoppers recognize the speed and value self-checkout provides and are eager to see it expanded into other retail segments,” said Scott Kingsfield, senior vice president and general manager, NCR Retail. “Even among shoppers using assisted checkout, there’s strong appreciation for the benefits this technology provides. Retailers increasingly are finding their shoppers want choices in how they interact with stores at which they shop, and one of the biggest choices these shoppers say they want is self checkout.”

August 29, 2012

VeriFone Opens SAIL Developer Portal for Mobile Payments Integration

Verifone logo 140pxVeriFone has announced the launch of the SAIL Developer Portal, providing application developers with access to tools and APIs that enable them to integrate with the SAIL mobile payment platform.
“SAIL is far more than a mobile payments app,” said Brian Hamilton, VeriFone vice president of SMB Commerce. “VeriFone’s open platform APIs provide independent developers and partners the ability to easily integrate underwriting, payments and settlement into their mobile products and services, often within a matter of days or weeks.”

Cardlytics' System Uses ‘Big Data’ to Deliver Targeted Rewards

Cardlytics logo 140pxWith the addition of Bank of America’s BankAmeriDeals program, Cardlytics announced that its nationwide Transaction-Driven Marketing system now incorporates more than 320 financial institutions reaching more than 75 million U.S. households. "Marketers are using Cardlytics to deliver relevant rewards and advertising based on individual consumer shopping behavior, resulting in substantial and measurable increases in retail store sales nationally."

Full Presenter Lineup for FinovateFall 2012 Finally Revealed

Finovate fall 2012The Finovate Group has announced the full lineup of the 64 companies that will be doing demos at FinovateFall 2012 on "great new innovations in everything fintech -- from PFM to security, from crowdfunding to mobile payments, and much more." This falls conference will be held at the Javits Convention Center on September 12th and 13th.

MasterCard, Everything Everywhere Announce Mobile Payments Partnership

MasterCard logo 140pxMasterCard and Everything Everywhere, the UK’s largest communications company, have announced an exclusive, five-year partnership to develop mobile and digital payment solutions for Everything Everywhere’s 27 million UK customers.
“We’re delighted to be working with Everything Everywhere, the UK’s leading mobile operator," said Marion King, president of MasterCard UK & Ireland. "MasterCard’s vision is of a world beyond cash, where consumers and small businesses alike can benefit from simple payments using smart technology. The partnership we are announcing today builds on our strong heritage in the mobile payments space and ensures that MasterCard remains the partner of choice for leading businesses in the UK.

NACHA Issues RFC on P2P ACH Rules

NACHA logo 140pxNACHA has issued a request for comment (RFC) on a proposal to amend the NACHA Operating Rules to standardize the use of the ACH Network for person-to-person (P2P) payments. The proposal notes that while the current NACHA rules do not specifically address PSP payments, many financial institutions and non-financial institutions are already either offering P2P payments over the ACH Network already or plan to in the near future. Comments are due by October 1, 2012.

August 27, 2012

Google Wallet Update (Video Q&A)

Google logo 140pxGoogle has recently posted a Google Wallet Q&A Video from Google Developers Live. Robin Dua, the product manager for Google Wallet, talks about Google's shift to the cloud and a potential phone-to-phone payment capability.

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